Head of Enterprise Risk Analytics | London, UK

Citi; London; On-site; GBP 90,000 - 150,000; Full time

Job summary

A leading global bank seeks a Head of Enterprise Risk Analytics to lead its stress testing and risk analysis efforts. The role requires extensive experience in risk management and offers significant visibility and impact across the organization. Candidates should possess robust analytical skills and a strong understanding of regulatory frameworks. This senior position is key to driving the organization’s risk management culture and practices.

Qualifications

• 15+ years of experience in the financial services industry.
• Proven experience in developing stress testing as a risk management tool.
• Solid understanding of regulatory expectations in stress testing.

Responsibilities

• Own the Enterprise Stress Testing Policy and ensure implementation.
• Develop scenarios for Risk and Finance Enterprise stress testing programs.
• Responsible for regulatory stress testing for major Legal entities.

Skills

Analytical Thinking

Business Acumen

Stakeholder Management

Risk Identification and Assessment

Education

Bachelor's degree in finance, economics, mathematics or related field

Master's degree or professional designations preferred

Job description

Head of Enterprise Risk Analytics

Citi London, United Kingdom Apply now Posted 12 hours ago Permanent Competitive

Head of Enterprise Risk Analytics

Citi London, United Kingdom Apply now

About Citi
Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. We are Citi, the global bank - an institution connecting millions of people across hundreds of countries and cities.
We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Principles represent the qualities, behaviors and expectations we all must exhibit to deliver on our mission of enabling growth and economic progress. They contribute to creating a culture that drives client excellence, controls excellence and operational excellence.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.

About the Group:
Enterprise Risk Management (ERM) within Independent Risk Management is responsible for overseeing the implementation of Citi's Enterprise Risk Management Framework and for specific enterprise-level risk management programs and processes that span the organization, the lines of defense and various risk categories. These include risk identification, enterprise risk analytics, risk appetite & limits, new activity risk management, risk frameworks & policy, strategic risk, digital assets risk and climate risk. The group is headed by the Head of ERM who reports directly to the Citigroup Chief Risk Officer (CRO).

About the Role:
The current opening is for the head of Enterprise Risk Analytics (ERA) team reporting to the Head of ERM.

Key Responsibilities: The role has four key mandates

Enterprise Stress Testing :

• Own the Enterprise Stress Testing Policy (ESTP) and ensure it is implemented across the organization
• Responsible to develop scenarios for Risk and Finance Enterprise stress testing programs such as CCAR, CECL, GSST
• Define methodology and execute GSST and Rapid Stress Testing - two Enterprise level stress testing programs that complement each other and are created to support proactive risk. management
• Perform Independent review of Risk Pool level stress testing programs to ensure compliance with ESTP
• Deliver a large transformation book of work related to end-to-end stress testing

Enterprise Risk Metrics: Own the Risk Capital and the Risk Appetite Ratio/Surplus (RAR/RAS) metrics.

• Owning the Risk Capital and RAR/RAS Policy and ensure compliance across the organization and accountability for the end-to-end process to produce the metrics

Material Legal Entity ICAAPs : responsible for end-to-end execution of Regulatory and ICAAP Stress testing for three of Citi's largest Legal entities. Responsibilities include methodologies, execution, and collaboration with various stakeholders and communication with Regulators and the Board

Legal entity Oversight Framework : responsible to design and implement an ERM framework for 20 of Citi's largest Legal entities. The framework comprises of requirements for Risk Identification, Risk Appetite and Stress Testing

Development Value:
The successful candidate will have the opportunity to be part of a significant transformation effort of one of Citi's foundational risk management programs, with active engagement across multiple business lines and regions. The candidate will have organizational exposure to senior management and subject matter experts across businesses and functions, including the Citigroup CRO and their leadership team.

Qualifications:

• 15+ of experience in the financial services industry, preferably with experience in developing stress testing as a risk management tool
• Proven experience in driving strategic, firmwide initiatives, including building stakeholder relationships and influencing / negotiating to achieve outcomes
• Good understanding of regulatory expectations and industry practices in stress testing
• Disciplined approach to execution, focused on making decisions that propel the project forward and avoid negative surprises
• Ability to synthesize complex concepts and effectively persuade senior audiences, orally in in writing
• Bachelor's degree in financial, economics, mathematics or related field; Master's degree and/or professional designations preferred

'Candidates applying for this role must be aware that it is a Senior Management Function pursuant to the FCA and PRA Senior Managers Regime. The Senior Managers Regime is one element of the FCA and PRA Individual Accountability Regime which came into effect on 7 March 2016. Under the Senior Managers Regime, certain Citi entities must ensure that employees working in certain roles, designated as a Senior Management Function, where the individual is referred to as a Senior Manager, are assessed as fit and proper to carry out their role. As a Senior Manager your appointment must be pre-approved by the FCA and/or PRA before you perform any regulated activity. Under the guidance provided by the FCA and PRA, firms should have regard to the following when assessing fitness and propriety:
Honesty, integrity and reputation
Financial soundness
Competence and capability

In order to comply with the requirements of the Senior Manager Function, certain Citi entities must take reasonable care to ensure that an employee does not perform a Senior Manager Function role without first being certified as Fit and Proper. For this reason, you will be assessed for this role against the Fit and Proper requirements, as described above. This assessment will be carried out through extensive interviews, self-disclosures, permitted criminal record checks, reference checks, credit checks and other background checks. If hired for this role, you will also be required to complete an annual declaration regarding your Fitness and Propriety.

By submitting your application, you acknowledge that you have read the information above and that you are applying for a Senior Management Function. You also agree to Citi carrying out any additional screening required, including permitted criminal record checks, reference checks, credit checks and any other relevant background checks.'
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Job Family Group:
Risk Management ------------------------------------------------------
Job Family:
Enterprise Risk ------------------------------------------------------
Time Type:
Full time ------------------------------------------------------
Most Relevant Skills
Analytical Thinking, Business Acumen, Credible Challenge, Governance, Issue Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Stakeholder Management.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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 .

View Citi's EEO Policy Statement and the Know Your Rights poster.

Working at Citi is far more than just a job. A career with us means joining a team of more than 200,000 dedicated people from around the globe. At Cit...

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