Together with the Independent Risk Head of Citi Retail Services, this C14 position is responsible for providing Independent Risk review and oversight of the Retail Services portfolios. The scope covers the $50B+ Retail Services business which has 4 major franchise portfolios as well as more than 20 smaller portfolios (e.g., LL Bean, Exxon Mobil, Goodyear, Brooks Brothers). Within these portfolios are a mix of card products & features including consumer and commercial, cobrand and private label, and promotional offers, rewards. In addition, the individual will be responsible for working across business to assess, define and provide rigor for the growing number of partnerships under different constructs and levels of risk management engagement. The role requires frequent interaction and reviews with Senior Risk Management at Global and Country levels in both risk and the business. The incumbent will play a critical role in ensuring we operate in a safe and sound manner, and comply with all internal policy and regulatory requirements. The position reports to the Independent Risk Senior Risk Officer for Retail Services.Responsibilities:
Ensure business operates within their stated risk appetite and in compliance with internal policies, corporate risk standards and regulatory guidance
Review and provide comprehensive risk assessments of Portfolio Classifications, new Product launches, and Policy exceptions in accordance with their delegation authority
Provide day to day oversight of credit risk activities across the full customer life cycle & provide effective challenge including opining on the appropriateness of credit policies, testing activities, credit operating systems & NCL forecasting, CECL, Basel and CCAR methodologies
Perform portfolio deep dives, peer reviews and on the ground support for risk management and reviews
Engage with regulators and internal oversight teams as part of ongoing monitoring and targeted reviews
Review and assess portfolio transactions globally
Qualifications:
Ideal candidates will have 10+ years of consumer lending Risk Management experience at a senior level across multiple unsecured lending products.
Experience across the full credit life cycle: acquisition, portfolio, loss forecasting, loan loss reserve, collection strategy, and fraud.
Experience in policy development, strategy development, testing and execution.
Experience and familiarity with machine learning and big data techniques.
Strategy and transaction approval authority at a Senior Credit Officer, Director, or equivalent level
Experience developing and delivering Risk Management presentations to executive leadership and regulators.
Qualified candidates must, at a minimum, hold an undergraduate degree in business, economics, finance, mathematics, statistics, operations research, engineering, or similar quantitative fields; Master’s degree a strong plus
Strong sense of accountability and ownership with an ability to influence change
Strong verbal and written communication skills
Education:
Bachelor’s/University degree, Master’s degree preferred and managerial experience
Job Family Group: Risk ManagementJob Family: Risk PolicyTime Type: Full timePrimary Location: Wilmington Delaware United StatesPrimary Location Full Time Salary Range: $156,160.00 - $234,240.00In 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: Apr 18, 2024Citi 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 .View the " " poster. View the .View the .View the
