Capital Management Lead Analyst, Assistant Vice President
Citi
Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in analysis, problem solving and communication to Citi’s Finance Team.
By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
Team/Role Overview
Capital Planning and Management is a division that (i) owns the enterprise-wide capital planning and management processes for Citigroup and its legal entities, and (ii) ensures integrity and efficiency of Citigroup and CBNA capital profiles, on both an actual and forecasted basis, across the capital continuum ranging from BAU through simulated stress environments consistent with CCAR and QMMF (Quarterly Multi-Year Multi-Scenario Forecasting) assumptions.
What you’ll do
Capital Planning and Management organises and manages the enterprise’s capital planning and management processes which inform the Strategic Plan. The role is fundamental to ensuring the safety & soundness of Citigroup and the financial system in the US and globally and therefore also plays a key leadership role in the enterprise’s Recovery & Resolution Planning. All enterprise decisions material generating a return, affecting risk appetite and risk levels, maintaining Capital levels are within the remit of this leader’s role at Citigroup. Key areas of focus include the following:
Capital Planning
Manage the design and execution of Citigroup’s, Citibank N.A. (CBNA)’s, and other regulated entities’ planning process for RWA and capital actions (e.g., dividends and buybacks), including through the
• Determination of capital targets (e.g., Target CET1 ratios) including calibration of components such as Stress Loss Risk Appetite and Management Buffers
• Forecasting of Risk Weighted Assets (for Advanced and Standardised Approaches), capital levels and associated capital ratios.
• Requires engagement with the Controller, and extensive engagement with the controller team responsible for calculating and reporting RWAs.
• Determination of proposed dividends and buybacks, including dividends from subsidiary Citi and CBNA entities.
Capital Management
Determine and execute actions impacting RWA and/or buybacks/dividends to ensure Citigroup, CBNA, and other regulated entities meet all required capital targets, including
• Establishing RWA and GSIB capacities and guidelines consistent with required capital targets.
• Monitoring business- and firm-level adherence to such capacities/guidelines through appropriate governance forums.
• Identifying need for changes to such capacities/guidelines due to changes in market/competitive/other factors.
• Recommending and gaining approval for any such changes through appropriate governance forums, Ensuring compliance with such targets for month and quarter end periods.
Stress Testing
Manage design and execution the ICAAP and Quarterly Multi-Quarter, Multi-Scenario Forecasting (QMMF) process, including
• Determination of scenario objectives and design.
• Design and development of CCAR/QMMF models and associated infrastructure, process and controls.
• Execution of forecast calculations including associated review, challenge and governance.
• Analysis of key risk drivers and determination of implications for balance sheet composition and business and risk management.
Responsibilities:
• Supports analysis in the formulation and setting of strategic direction for capital planning and management processes, organisation and architecture from the perspective of capital planning covering Finance across Citi businesses, products, functions and locations.
• Supports the team and assists manager with the execution of forecasting and stress testing production process including tracking progress against deliverables and solving concerns before they become material issues.
• Preforms analytics including in-depth financial analysis, key risk drivers and sensitivity analysis, and determination of implications for capital, balance sheet composition, and liquidity profile.
• Performs day-to-day activities of the assessment of relevant processes and ensure appropriate existence and effectiveness of controls.
• Assists in remediating outstanding Regulatory, Risk Management, and Audit Issues.
• Participates in the identification of areas for improvement across the process and maintain continuous improvement mind-set
• Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area.
• Performs other duties and functions as assigned.
Qualifications:
• Foundational knowledge of banking products / systems
• Foundational knowledge of the different systems, theories and practices relevant to a function as well as practical experience of multiple business cycles.
• Excellent communication skills required in order to influence a wide range of audiences.
• Able to navigate through a large organisation to streamline and summarize multiple information points and create repeatable processes to build consistency in presenting information.
• Strong technical problem-solving skills and an ability to identify conflicts, discrepancies and other issues and bring together the right team to solution them.
• Strategic mindset, ability to plan ahead to future possibilities and translate them into breakthrough strategies.
• Ability to manage competing priorities and tasks in a complex and dynamic and work well as part of a team.
Education:
• At a minimum, a Bachelor’s degree from a recognised higher education institution
• Prefer at least a Bachelors’ degree in Finance, Accounting, Business or related field
What we can offer you
In the International and Legal Entity Capital Team, you will work with a team of talented professionals to drive efficiency across Citi’s international capital investments. Examples include:
- Structuring Additional Tier 1 and Tier 2 capital instruments.
- Structuring of intercompany guarantees and SBLCs to manage legal entity capital requirements.
- Development of country and entity return methodologies to improve management investment decisions.
- Developing analytics to support efficient legal entity capital portfolio management.
We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.
By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:
- Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
- A discretional annual performance related bonus
- Private medical insurance packages to suit your personal circumstances
- Employee Assistance Programme
- Pension Plan
- Paid Parental Leave
- Special discounts for employees, family, and friends
- Access to an array of learning and development resources
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energised to join us, motivated to stay, and empowered to thrive.
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Job Family Group:
Finance------------------------------------------------------
Job Family:
Capital Planning and Management------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Business Acumen, Capital Planning and Management, Data Analysis, Financial Modeling, Internal Controls, Management Reporting, Problem Solving, Process Execution, Risk Identification and Assessment.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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