21 feb
Citi
Tláhuac
The role will provide expertise and support to LATAM Stress testing and IFRS 9 processes in LATAM and specifically support stress testing across all risk stripes. In addition the role will lead custom risk analysis at the legal entity level in support of capital planning and risk appetite; integrate new modelling processes being developed across ICAAP-eligible entities, along with providing country-specific overlays and variance analysis in support of both country and regional risk management.
**Responsibilities**:
Coordinate Stress testing, ICAAP and IFRS 9 related activities and submissions in the region as a part of newly centralized LATAM Regional Risk Management Stress testing / IFRS 9 team:
- Act as a PMO for the annual Stress testing / ICAAP production process. Support ICAAP submissions, including the integration of a newly developed regional framework, across the ICAAP entities in the LATAM region
- Support the execution of risk identification process for ICAAP entities
- Develop and maintain governance and Internal controls around the process, including independent challenge, materiality assessments and reviews with country senior management teams.
- Coordinate production and consolidation of ICAAP inputs from Risk Management teams supporting LATAM legal entities. Ensure that all tools used for stress losses is in compliance with internal and regulatory requirements towards model risk management.
- Perform data quality and root-cause analysis behind significant variation in model outputs, execute internal control processes
- Enhance, streamline and expand existing processes around ad-hoc analytical requests
- Coordinate and work closely with internal stakeholders from Risk, Finance, QRS and Country Management on a regular basis
- Support a range of other Stress testing and IFRS 9 initiatives within LATAM CRO Office
The Stress Testing/ICAAP unit team will work closely with partners in Risk and Finance on the regional approach to the IFRS 9, including development of a framework to support individual countries with IFRS9 analytics and model risk compliance as well as local requirements in the context of credit risk portfolio management. In this capacity the role will:
- Contribute to development of regional analytical and reporting IFRS 9 solutions
- Work closely with Global, Regional and in-country peers addressing local regulatory IFRS 9 requirements
- Interact with internal stakeholders from Risk, Finance, QRS and Country Management on a regular basis
**Qualifications**:
- 7+ years Risk Management background (preferable) with a focus on capital planning, stress testing, Pillar 2 models
- 5+ years of regulatory project management background
- Knowledge of the components of an ICAAP and experience with the ICAAP submission process
- Knowledge of credit and market risk measures
- Experience in producing reports and presentations for senior audiences and stakeholders
- Knowledge and understanding of basic Finance and Accounting principles
- Experience with development of macroeconomic/market stress scenarios, relevant regulatory guidance, and model risk management
- Should have Excellent proficiency in Microsoft Office - particularly Excel (metrics and data analysis), PowerPoint (presentation decks), and Word (writing and editing procedural and technical documentation).
- Project management knowledge and experience working with diverse group of stakeholders to achieve milestones and deadlines and capability to handle multiple projects at one time.
- Experience in compiling process and data quality metrics, analyzing results to clearly communicate data-driven analysis to senior management.
**Skills**:
- Excellent stakeholder management skills, with the ability to understand drivers and overcome barriers.
- Excellent written and oral communications skills, with the proven ability to synthesize complex concepts across diverse stakeholders.
- In-depth knowledge of applicable Citi frameworks, policies, and standards
**Education**:
- Bachelor’s/University degree, Master’s degree preferred
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
- **Job Family Group**:
Risk Management
- **Job Family**:
Regulatory Risk
- **Time Type**:
Full time
- 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.
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