BANAMEX Governance Model Validation Group Manager

Citi; Ciudad de México; Presencial; MXN 200,000 - 400,000; Jornada completa

Descripción de la vacante

A leading global financial services company is seeking a Regulatory Risk Group Manager to oversee a team responsible for strategic risk analytics and regulatory project management. The ideal candidate will have over 10 years of relevant experience, strong proficiency in Microsoft Office, and a comprehensive understanding of the banking regulatory environment. This role requires excellent communication skills and the ability to manage complex projects and lead teams effectively.

Formación

• 10+ years relevant experience.
• Excellent proficiency in Microsoft Office.
• Broad understanding of credit and operational policies.
• Thorough knowledge of financial and risk reporting.
• Familiarity with regulatory landscape facing global banks.
• Previous experience in managing Regulatory Inspections and Audits.
• Professional ability to interact with Senior Management.
• Project management knowledge.
• Proven relationship management skills.
• Ability to manage multiple, concurrent projects.

Responsabilidades

• Provide risk strategic analytics across Citibank products.
• Communicate implications of regulation to executive management.
• Own regulatory risk project management for regulatory solutions.
• Direct responses to audits and regulators.
• Manage deliverables for Portfolio Risk Review chapter.
• Interact with senior bank and risk management colleagues.
• Initiate feedback sessions with clients.
• Sponsor development opportunities for key individuals.
• Appropriately assess risk in business decisions.

Conocimientos

Analytical Thinking

Constructive Debate

Escalation Management

Financial Analysis

Issue Management

Management Reporting

Policy and Procedure

Policy and Regulation

Risk Controls and Monitors

Risk Identification and Assessment

Educación

Bachelor’s/University degree

Master’s degree preferred

Herramientas

Microsoft Excel

Microsoft PowerPoint

Microsoft Word

Descripción del empleo

The Regulatory Risk Group Manager is accountable for management of complex/critical/large professional disciplinary areas. Leads and directs a team of professionals. Requires a comprehensive understanding of multiple areas within a function and how they interact in order to achieve the objectives of the function. Applies in-depth understanding of the business impact of technical contributions. Strong commercial awareness is a necessity. Generally accountable for delivery of a full range of services to one or more businesses/ geographical regions. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication may be necessary. Accountable for the end results of an area. Exercises control over resources, policy formulation and planning. Primarily affects a sub-function. Involved in short- to medium-term planning of actions and resources for own area. Full management responsibility of a team or multiple teams, including management of people, budget and planning, to include performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval.

Responsibilities

• Responsible for providing risk strategic analytics, information management across Citibank products and reports to senior management. Responsible for communicating to executive management implications of existing and opposed regulation and developing potential responses. This may include regulations related to specific product or macro / systemic regulation, including standards to comply with Basel II / III, MiFID, U.S. Fed, Treasury, FDIC and regulations from other central banks and regulatory authorities.
• Regulatory risk project management ownership (business requirements, analysis and testing) for delivery of regulatory solutions. (i.e.. CECL, Part 30 core capabilities initiatives, stress test and CCAR regulatory requirements, etc.)
• An‑alyzes new risk‑related guidelines, best practice standards, rules and regulations
• Directs the approach to answering questions and involve appropriate Risk functions in Citi with audits and regulators.
• Project Management of various deliverables for Portfolio Risk Review chapter. Involvement in rationalization of EUCs (End User Computing) used for Portfolio Risk Reviews.
• Significant interaction with a wide range of senior bank and risk management colleagues, as well as external stakeholders such as regulators / auditors.
• Initiates feedback session with Client to understand strength and focused areas. Leverages feedback to influence change throughout organization.
• Identifies and sponsors the development opportunities for key individuals that help them gain broad exposure and experience. Influence organization initiatives to develop talent, knowledge and refine skills of organization. Modeling positive reward and recognition behavior consistently. Influences or leads efforts (e.g. succession planning, project assignments) that support organization and employee development. Recruits top talent, and commits to developing. Ensures diverse talent pipeline at all levels.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications

• 10+ years relevant experience
• 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).
• Broad understanding of classifiable and delinquency managed credit and operational policies and procedures, including a command of the collateral management process.
• Thorough knowledge of financial and risk reporting as well as experience from the business and/or technical area desired.
• Familiarity with regulatory landscape facing global banks. Ideally, have worked in banking industry or regulators institutions.
• Previous experience in managing Regulatory Inspections and Audits within a financial services company.
• Professional ability and presence to interact with Senior Bank, Regulatory and Audit Management.
• Project management knowledge and experience working with diverse group of stakeholders to achieve milestones and deadlines.
• Proven relationship management skills with ability to deepen relationships and build partnerships across the business, executive leadership and key functional support areas like Government Affairs, Communications, Legal, Compliance, Control, in‑business Risk and Independent Risk.
• Proven ability to manage multiple, concurrent large scale projects from ideation through testing and implementation.
• Required Licensing/Registration: Series 4, Series 7, Series 9, Series 10, Series 24, Series 63, Series 65

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.

This position will cover Model validation activities so experience is required on this function.

Model Validation Overview

• Governance, reviewing the model inventories and controlling the flow of model approvals and will use open pages.
• Education: Economic, administrative, financial, strategic communication, management, communication with regulators and auditors. You will have 1 person reporting. Intermediate – Advance English (conversational). Master’s degree desirable.

Model Validators BAU Activities

Validation

• During model validation, Model Validators verify that model is performing as expected, in line with its design objectives and business uses. In doing so, Model Validators also review steps taken and documented by the Model Sponsors/Developers.

• Model Validator must thoroughly document the validation of each model through the completion of all applicable sections in the appropriate Model Validation Report (MVR). The MVR sets out the documentation requirements for Model Validation and must demonstrate effective challenge to the Model being validated.

Effective Challenge

• As part of the effective challenge, the Model Validator must evaluate the quality and coverage of the model development process and cover items, as appropriate to the type of model being validated, including the following:

  conceptual soundness, including quality and extent of developmental evidence

  data quality

  data relevance for bank’s portfolio and/or market conditions

  model specification relevance and quality

  numerical and/or computational techniques

  comparison to alternative theories and approaches

  results of sensitivity analysis and other quantitative testing

  qualitative information and support for judgment used in model development

  model stability across input ranges

  model accuracy and acceptable model performance for intended use

  limitations and remediation actions

  model development document clarity and transparency

  proposed ongoing monitoring and governance plan with metrics and thresholds

  ongoing monitoring, including process verification and benchmarking

  outcomes analysis, including backtesting

  magnitude and significance of interconnectivity with other models

  performance versus benchmark models and data, where relevant

  appropriateness of model implementation testing performed

Data

• Model Validator will review the Data Governance Policy – Model Data Template submitted by Model Sponsor for completeness. Model Validator reserves the right to review and question data sources, data elements, and data quality control and concerns for reasonableness. Model Validators will review the information provided to determine impact on the model, if any, and next steps.

Risk Rating

• The Model Validator will review the information submitted for the determination of criticality of use, exposure tier and Risk Rating.

Limitations

• If required, Model Validator must set Limitations, assign a severity rating, and give follow up and guidance until closing.

Ongoing Monitoring

• The Model Validator must review the completed Ongoing Monitoring Report provided by the Model Sponsor.

Annual Model Review (AMR)

• Model Validator must review the information as part of the effective challenge associated with AMR.

Model Changes

• Model Validator must provide assessment about the sufficiency of the model change control employed by Model Sponsor.

Interaction

• With Model Developers
• With Model Sponsors

Job Family Group

Risk Management

Job Family

Regulatory Risk

Time Type

Full time

Most Relevant Skills

• Analytical Thinking
• Constructive Debate
• Escalation Management
• Financial Analysis
• Issue Management
• Management Reporting
• Policy and Procedure
• Policy and Regulation
• Risk Controls and Monitors
• Risk Identification and Assessment

Other Relevant Skills

• For complementary skills, please see above and/or contact the recruiter.

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