CCR Lead Product Development SVP

Citigroup Inc.; Getzville (NY); On-site; USD 116,000 - 174,000; Full time

Job summary

Citigroup Inc. in Getzville, New York, United States, seeks an experienced leader to deploy AI in Counterparty Credit Risk measurements and crisis management.

You will drive automation of manual risk processes across internal risk measures and external stress testing, and define requirements to automate data, pricing, and risk implementations. Responsibilities include developing project plans, testing enhancements, and communicating key findings to senior management while coordinating with risk

Qualifications

• 10+ years of relevant experience in CCR or risk management.
• 8+ years in CCR, risk data, and stress testing.
• 6+ years in defining solutions and business requirements.

Responsibilities

• Lead deployment of AI in CCR measurements and crisis management.
• Automate manual risk processes across stress testing (CCAR, EBA, iCAAP).
• Define business requirements to automate stress testing data, pricing, aggregation, and risk implementations.
• Develop plans, test enhancements, and perform post-production check-outs.
• Create risk management tools for exposure measurement, monitoring, and crisis reporting.

Skills

Counterparty credit risk

Risk management concepts

AI experience

Python

R

Excel/VBA

Data handling

Education

Bachelor’s in Computer Engineering/CS/Informational Systems

Tools

Python

R

Excel/VBA

Job description

The CCR Product Development team within EDO is responsible for developing the Counterparty Credit Risk technology infrastructure by building tools to a) provide in-depth quantitative or qualitative analysis to solve business problems and develop new, innovative solutions b) build tools to help measure, monitor and control counterparty risk for institutional clients and c) portfolios and businesses, with a focus on counter-party and collateral risk to ensure the risks are being properly measured and controlled in accordance with the Firm’s risk policies.

Responsibilities

• Lead the deployment of Artificial Intelligence in Counterparty Credit Risk Measurements space and Crisis management for enhancing the accuracy and timeliness of data used for Risk Management for risk decisions in BAU and crisis situations
• Lead the automation of manual processes across internal risk measures and external (CCAR, EBA, iCAAP etc) stress testing
• Respond to urgent business requests on exposure analysis and deep dives which cannot be produced from the system directly
• Define business requirements to help automate GSST and regulatory (CCAR, EBA, iCAAP, LE etc) stress testing data, pricing, aggregation, calculation and wrong way risk implementations
• Create project plans, business and technical requirements documents for technology execution
• Develop plans to test enhancements, major implementations and perform post-production check-outs
• Develop and enhance tools for the measurement, monitoring and management of counterparty exposure including Stress Testing, PFE, risk capital, wrong way risk and Crisis Reporting
• Work in close co-ordination with in-business risk managers, second line risk managers and senior stakeholders to understand their priorities and fulfil the delivery objectives
• Work with technology to understand the CCR infrastructure, systems and data flows. Identify and document gaps and suggest improvements
• Communicate key findings to senior management and provide regular status updates
• Develop risk management tools for the measurement, monitoring and management of exposure and participate in project management of strategic risk infrastructure development
• Create presentations and documents for internal and external use on various topics including, stress methodologies, and summarizing stress testing issues

Qualifications

• 10+ years of relevant experience
• 8+ years’ experience and subject matter expertise in counterparty credit risk, risk management concepts, data, systems and processes (Experience in AI will be a plus)
• 6+ years’ experience and understanding of stress testing, credit and market data, pricing, calculations and reporting
• 6+ years’ experience in defining solutions and business requirements
• Strong Excel skills ideally incorporating VBA (Visual Basic for Applications)
• Experience handling large volumes of data, database programming skills, Python, R or other statistical languages is a plus
• Large scale project management skills spanning risk and technology

Education

• Bachelor’s/University degree in Computer Engineering, Computer Science, Informational Systems or equivalent work experience

Job Family Group

Product Management and Development

Job Family

Product Development

Time Type

Full time

Primary Location

Getzville New York United States

Primary Location Full Time Salary Range

$115,840.00 - $173,760.00

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.

Most Relevant Skills

Please see the requirements listed above.

Other Relevant Skills

Artificial Intelligence Techniques, Business Analysis, Counterparty Credit Risk (CCR), Product Development.

Automated Processing and AI

We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.

Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.

Illinois residents – AI Notice and Right

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.

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