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Citi Shared Services (CSS) is a vital partner to the Corporate Finance and Human Resources organizations. We ensure financial and human resources operations and processes throughout the entire employment life cycle are carried out through the performance of world-class, scalable operations. We also deliver excellence in mission-critical, global products and local services for 84 countries. Furthermore, we manage the governance of the Citi Solutions Center Network, which serves 98,000 employees, supporting Citi’s businesses and operational units. Our diverse profile of products and services touches every Citi employee.
Our strategic priorities, which include enhancing our safety and soundness standards, elevating both leadership and manager capabilities, as well as designing innovative solutions to eliminate pain points, enable us to continually raise the bar. We are implementing cutting-edge digital tools, exploring dynamic reporting capabilities and self-service platforms, and adopting forward compatible behaviors, all while modeling a customer-centric mindset. 90% of the CSS family calls one of our strategic hubs (Budapest, Costa Rica, Manila, Mumbai, and Tampa) home. Each hub offers a unique energy and a myriad of development and engagement opportunities, but the common attribute that cuts across them all is a strong sense of community. We are long-standing champions of diversity, which is consistently reflected in our decisions and actions. Our employees value meritocracy, demonstrate passion for growth and development, and model dignity and respect for all.
Our commitment to diversity includes a workforce that represents the clients we serve globally from all walks of life, backgrounds, and origins. We foster an environment where the best people want to work. We value and demand respect for others, promote individuals based on merit, and ensure opportunities for personal development are widely available to all. Ideal candidates are innovators with well-rounded backgrounds who bring their authentic selves to work and complement our culture of delivering results with pride. If you are a problem solver who seeks passion in your work, come join us. We’ll enable growth and progress together.
Join Citi’s regulatory implementation within the Finance and Risk Shared Services (FRSS) team for US Regulatory Reporting.
The Basel RWA Analyst is responsible for managing Risk Weighted Assets Reporting Processes, and work closely with the other team members to ensure the RWA results adhere to all controls and create required analytical support to key stakeholders in Capital Planning and Regulatory Reporting. This role will focus on Basel IV SA-CCR updates.
This position is reporting in the FRSS team for US Regulatory Reporting, but being position as responsible to lead transformations of FRSS processes for Go-live compliance of upcoming new capital regulations including Standardized Approach for Counterparty Credit Risk (SA-CCR) and other upcoming Basel IV new regulatory rules. This individual will help ensure Citi has a consistent and well-supported process for a rule compliant implementation approach. As such, this individual will work closely with Capital Planning organization in Citi Finance, which is program managing the overall Citi transformation for Basel IV. This overall program, and FRSS, collaborates with the key stakeholders across the firm to drive the overarching implementation initiatives of the upcoming regulations. This role also provides extensive exposure to colleagues across risk, finance, technology, and line of business functions.
Key success factors will be this position’s ability to perform analytics on large datasets and ability to learn the rules of RWA calculation and process for the Trading Book (Derivatives and Securities Financing Transactions (SFT). The candidate must be able to summarize the finding and create commentary that can be consumed by seniors and others outside the RWA team. Excellent interpersonal skills are required given the high level of interaction with senior managers, as well as the ability to work under pressure to meet tight deadlines. Technical skill is important to the candidate’s success, but also is strong project management and multi-tasking skills to plan and manage deliverables towards a number of objectives.
This position will report to the FRSS RWA Trading Book Lead and be responsible for:
Support the analysis and submission of reports for Basel RWA Reporting as per Regulatory requirements
Manage activities related to production close for the US RWA reporting supporting multiple entities
Develop analytics packages and processes leveraging Data Science skills (R, Python) to quickly and efficiently manipulate large datasets. Present the results to partner groups and seniors.
Be able to design new processes, procedures for partner teams and drive agreement on enhancements
Identify & highlight key drivers of RWA movements and articulate the results in a succinct manner.
Work closely with the Capital Planning in supporting the controls redesign, BAU process onboarding and Go-live compliance of new capital regulations including Standardized Approach for Counterparty Credit Risk (SA-CCR) and other upcoming new regulatory rules.
Ensure Citi has a consistent and well-supported BAU process and controls to support a sustainable audit ready production process around RWA calculations and reporting.
Provide inputs for UAT testing and results validations for the RWA Reporting Change management
Work closely with key FRSS, Finance, Risk and Technology partners to ensure alignment with strategic goals, robust status and expectation management including collaboration to remove roadblocks and optimize opportunities.
Evaluate risk and controls needed to manage tactical solutions required to deliver timely and accurate RWA Reporting for key partners.
Manage and deliver productivity goals including financial targets as applicable.
The ideal candidate will have 5+ year’s work experience in finance, accounting and / or risk. Experience managing large tasks in complex environments and solid team and individual contributor track record.
BA in Business, Finance, Economics, Computer Science, Data Analytics, Math, or related field
Knowledge of and experience working with big data and large datasets will be very useful for this role
A quick learner who possesses quantitative analysis, data preparation and interpretation skills
Experience in Financial Services Industry, Financial Planning and Analysis is a plus but not necessary
Experience using coding skills, analytical tools, SQL, R, SAS, or Python preferred
Knowledge about RWA, SLR, and other regulatory indicators is a strong plus
Advanced Microsoft Excel skills and the ability to quickly develop advanced knowledge of MS Excel and Access (or other database front end query applications) required.
Excellent interpersonal skills are required given the high level of interaction with senior managers, as well as the ability to work under pressure to meet tight deadlines.
Self-motivated with ability to make decisions and maintain a controlled environment.
Able to work independently or as a team member on projects or its components
Ability to manage multiple priorities and tasks, tireless work ethic with ability to work well under pressure
Willingness to work flexible hours or on an Alternative Work-Space (AWS) environment.
Strong attention to detail, ability to produce a polished, high quality and accurate product.
U.S. work authorization is required, this position is not sponsoring visas.
Working at Citi is far more than just a job. A career with us means joining a family of more than 200,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.