Citibank

Risk Regulatory Affairs Lead – Wholesale Credit Risk

Posted on: 6 Feb 2021

New York City, New York

Job Description

The Risk Regulatory Affairs team ensures the Risk organization maintains strong and productive regulatory relationships with US Prudential Regulators, particularly the Federal Reserve, OCC and FDIC. The team proactively manages regulatory matters to ensure the organization is well positioned and responsive in regulatory interactions. The team partners closely with subject matter experts within risk segments to:

* Oversee and coordinate regulatory examinations and reviews to ensure the risk organization proactively addresses regulatory requests and concerns;

* Manage regulatory interactions, including recurring liaison meetings and ad hoc information requests, to strengthen regulatory relations from an Independent Risk Management perspective;

* Support the development of appropriate and comprehensive responses and remediation plans when regulatory issues and concerns are identified; and

* Work closely with partners in other Control Functions and Businesses, to ensure consistent, insightful and clear communications to regulators.

The Risk Regulatory Affairs team is part of the broader Risk Governance function, responsible for the design and implementation of firm-wide frameworks and practices that are integral and fundamental to Risk Management within Citi. This includes the Firm's Risk Frameworks and Policies; Product Approval frameworks; Governance Committees; Risk Controls and Issue Management; and Risk Budget Management.

Position Objective:

The objective of this role is to drive the execution of regulatory interactions across Risk Management, to ensure the organization is responsive, agile and well-prepared for unique and demanding regulatory requests. The position will require significant project management and stakeholder engagement to ensure that regulatory affairs are thoughtful, comprehensive and culminate in consistent messaging. In addition, there is opportunity to provide senior management with themes that emerge from the feedback received through these points of regulatory contact. The scope of coverage for the role is inclusive of matters pertaining to Wholesale and Commercial Lending (Credit) Risk organizations and their respective governance, frameworks and practices across several lending products and sectors, including Corporates, Financial Institutions, Commercial Real Estate, Counter-party, Trade Finance and Payments Risk.

Key Responsibilities:

* Manage complex regulatory exams that require significant program management across risk teams, with a focus on ensuring regulatory expectations are addressed on a holistic and consistent basis.

* Establish effective working relationships and partner with key stakeholders and subject matter experts across relevant risk segments to ensure a more integrated approach to regulatory relations.

* Support proactive communication strategies with regulators and provide advice to senior management on the best approach to regulatory interactions with guidance on best in class presentations, materials and other submissions provided to regulators.

* Synthesize regulatory feedback and key thematic findings to senior management, the CRO and key stakeholders to drive awareness of and help anticipate regulatory concerns.

* Review and provide quality assurance of risk management deliverables submitted to regulators.

* Support and advise more junior Regulatory Coordinators in the execution of administrative requirements for regulatory exams and interactions.

* Assist in high priority regulatory ad hoc projects across their lifecycle by identifying and structuring problems, analyzing root causes, developing solutions, communicating project results, and obtaining buy-in for change

Development Value:

The position provides the opportunity to work closely with stakeholders across a number of risk disciplines. The position requires working closely with the senior management across risk segments to provide guidance, leadership and support during critical regulatory exams and interactions to ensure well-managed, productive and insightful communications. The position also provides opportunity to support the development of the new regulatory affairs model across the broader risk management team.

Qualifications:

* 10+ years of experience in the Financial Services industry, preferably in a regulatory-facing role that requires superior problem solving and excellent oral/written communication skills (Regulatory, Risk, Internal Audit or Compliance background a plus)

* Excellent influencing, facilitation, and partnering skills. Ability to build strong internal and external networks

* Exceptional writing skills, with ability to synthesize complex concepts and translate into effective presentations to external regulators and Senior Executives

* Working knowledge in a broad range of risk management disciplines including credit, market, and operational risks.

* Experience working at a banking regulatory agency, such as the Federal Reserve, OCC, and FDIC, and working knowledge / familiarity with prudential regulations, a plus

* Understanding of Wholesale lending products, processes, credit risk concepts, frameworks, policies and risk & control environments

* Strong attention to detail, willingness to roll up sleeves; ability to work under pressure and tireless work ethic

* Autonomous and highly motivated with the ability to multi-task productively and to work independently as well as collaboratively

* Experienced in project management with excellent organizational, follow-up and time management skills

* Experience in regulatory and Internal Audit interaction, exam management/ coordination, and issue management/ resolution

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Job Family Group:

Risk Management

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Job Family:

Regulatory Risk

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Time Type:

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries (Citi) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

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Citibank

New York, New York

Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

It also provides various banking, credit card lending, and investment services through a network of local branches, offices, and electronic delivery systems. The ICG segment provides wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate and consumer loans, investment banking and advisory services, private banking, cash management, trade finance, and securities services to corporate, institutional, public sector, and high-net-worth clients. As of December 31, 2018, it operated 2,410 branches in the United States, Mexico, and Asia. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York.

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