VP; Capital Planning Models - Governance Process Lead
Company: Citi
Location: Belleair Beach
Posted on: January 27, 2023
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Job Description:
The Capital Planning Governance team within Citi Treasury is
responsible for all aspects of capital analysis, forecasting, and
planning for Citi, including the firm's capital ratios; Risk
Weighted Assets (RWA); CCAR; and Recovery & Resolution Planning.
The organization spans the full capital planning continuum, with
the Head of Capital Planning reporting to the Citi Treasurer.The
Capital Planning team has created a dedicated governance function,
headed by a Director, that articulates how and why Citi can take
confidence in the outputs of its capital planning processes. This
is an essential function to maintain the requisite level of
transparency and accountability throughout the end-to-end capital
planning processes, which over time must be harmonized between all
points of the stress continuum, from BAU (including spot RWA) to
stress (CCAR) to severe stress (Recovery), to the ultimate
resolution of the firm. The Capital Planning Governance function is
responsible for two key aspects of capital planning: 1)
understanding, contextualizing, aggregating, synthesizing and
reporting the key business Assumptions, material model Limitations
and Weaknesses (collectively, ALWs) across Citi's capital planning
processes, with a specific and immediate focus on QMMF and CCAR;
and 2) ensuring sufficient quality assurance and other compensating
controls are in place to effectively mitigate the impact of any
such key Limitations and Weaknesses. This role will support the
Head of Models, DTs and EUCs to oversee and govern the inventory of
Models, Deterministic Tools and EUCs across the full capital
planning continuum through extensive partnering with stakeholders
to monitor, report, present and escalate (if needed) on key control
metrics and provide analytical insight at senior governance forums.
This is a highly critical role that will provide exposure to a
number of senior stakeholders throughout the firm and will partner
extensively with the Model Risk Management (MRM) team, colleagues
across Finance; the Comprehensive Capital Analysis and Review
(CCAR) and Recovery and Resolution Plan (RRP) workstreams; the
Chief Data Governance Office (CDGO) teams; individual process and
model owners; and front office business lines. Ability to work
under pressure to meet tight deadlines and excellent interpersonal
skills are required given the high level of interaction with senior
managers, auditors and other stakeholders throughout the firm.In
addition to monitoring, reporting, presenting and escalating of key
control metrics and delivering insight on Models, Deterministic
Tools and EUCs, this role will also perform detailed analysis to
support the Model and EUC lead to "tell the story" on control gaps
and implement process changes to enhance Capital Planning
governance and oversight capabilities. The role, will also over
time help drive the rationalization of the model inventory across
business lines and geographies to best fit the universe of factors
driving capital results as well as partner with the CDGO to support
the execution and reduction of High Risk EUC reduction commitments.
This role will require someone who can work on multiple projects
and tasks simultaneously to support the Head of Models, DTs and EUC
Governance and have the following key responsibilities: Reporting
Structure and ResponsibilitiesThe Models, DTs and EUCs Process Lead
will be responsible for:
Keywords: Citi, Largo , VP; Capital Planning Models - Governance Process Lead, Executive , Belleair Beach, Florida
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