Job Information
Citigroup PPNR Model Development Lead, Director: FP&A Sr. Group Manager in New York, New York
This role manages a modeling team within Citi’s Corporate Financial Planning and Analysis (FP&A) that is responsible for:
Developing, implementing, and maintaining models that support Balance Sheet and Income Statement forecasting.
These models are used by Citi’s Business and Finance teams to support their Planning processes, including in the use of the bank’s CCAR PPNR process.
These models are also used by Citi’s Treasury function in the management of the bank’s interest rate risk.
The common structure of these models is that they forecast Citi’s Balance Sheet and Income Statement conditional on projections of economic environment scenarios.
In addition, the team supports broader FP&A quantitative analytical needs.
The candidate’s job responsibilities include:
Manage a team of quantitative modelers that develop models for the forecasting of Citi’s Balance Sheet and Income Statement, for use in Citi’s business planning processes, risk management processes, and for regulatory-based stress testing processes.
Drive the strategic modeling approach taken for the forecasting models, for use in Citi’s business planning processes, risk management processes, and for regulatory-based stress testing processes.
Drive strong partnership with Citi's business leaders during the development, implementation, and use of the forecasting models, ensuring appropriate design and use.
Drive strong partnership with Citi’s CFO and FP&A teams to ensure developed models support operating and strategic planning processes.
Drive strong partnership with Citi’s Risk teams to ensure developed models support risk management processes.
Drive strong partnership with Citi’s Operations and Technology team to ensure timely, efficient, and accurate implementation of developed models.
Ensure appropriate documentation of all models for use during reviews with senior management, model validation, Citi’s business and functional teams, internal/external audit, and regulatory agencies (e.g., Fed, OCC, FDIC)
Qualifications:
Minimum 10 years of modeling experience related to the development, maintenance, or use of quantitative models.
Experience managing a team of quantitative modelers.
Product expertise across Citi's businesses
Understanding of the regulatory environment a banking business operates (e.g., RWA requirements, CCAR requirements, GSIB requirements) and the implications for strategic positioning of Citi's businesses.
Experience managing complex end-to-end model projects (business requirements, data capture, model design, build, validation, implementation, and use)
Excellent communication and interpersonal skills to facilitate collaboration with colleagues at all levels across Citi.
Experience developing models in a regulated environment (e.g., Fed, OCC, FDIC) preferred.
Undergraduate degree required in relevant field. Advanced degree in quantitative discipline (e.g., Statistics, Economics, Finance) preferred.
Excellent project management skills
Job Family Group:
Risk Management
Job Family:
Risk Analytics, Modeling, and Validation
Time Type:
Full time
Primary Location:
New York New York United States
Primary Location Full Time Salary Range:
$170,000.00 - $300,000.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Anticipated Posting Close Date:
Dec 11, 2024
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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Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.