The Capital Planning team within Citi Treasury is responsible for all aspects of capital analysis, forecasting, and planning for Citi, including providing programmatic leadership for 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 Quality Assurance function, headed by a Managing 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 Quality Assurance (CPQA) function is responsible for two key aspects of capital planning: 1) understanding, contextualizing, aggregating, synthesizing and reporting the key Assumptions, material model Limitations and Weaknesses (collectively, ALWs) across Citi's capital planning processes, with a specific and immediate focus on spot RWA 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 play an integral part in executing the firm-wide, cross-functional plans necessary to close the gaps identified by the Consent Order and other relevant regulatory-focused deliverables over a multi-year timeframe.
This is a critical "build the bank" and "run the bank" role that will provide significant exposure to senior management and will partner extensively with colleagues across Finance/FRSS; the RWA workstreams; technology and data governance teams; 2nd line of defense functions including the Capital Planning Review Group; and front office business lines.
Ability to work under pressure to meet tight deadlines and excellent interpersonal skills are required given the level of interaction with senior managers, auditors and regulators.
**Reporting Structure** **and** **Responsibilities**
This CPQA role will be responsible for:
- Supporting the exposures lead to developing and employing an "audit-style" approach to RWA quality assurance across wholesale, securitization and equity exposures, to provide the necessary transparency and predictability to the Spot RWA processes
- Assisting CPQA management to "tell the story" as to how and why Citi can take confidence in its RWA processes and outputs, and how those processes can improve over time
- Delivering thought leadership and supporting the implementation of changes necessary to enhance Citi's RWA production processes and satisfy evolving regulatory developments, including criticisms articulated in the recent Consent Orders
- Enabling continuous improvement by partnering with workstream leads and senior stakeholders to proactively design solutions for identified weaknesses or gaps in compensating controls
- Developing a strong working relationship with process owners across the organization in support of their individual responsibilities and in support of creating a holistic framework in which the firm executes its collective capital planning responsibilities
- Interacting closely with members across the organization in multiple locations on a regular basis
**Qualifications**
- Excellent background in public accounting or internal audit, with demonstrated understanding of substantive testing procedures and internal controls.
- Excellent communication skills, including well-developed verbal, written and presentation skills.
Must be able to quickly create concise, informative summaries for internal and external stakeholders that convey a well-developed "story" and advocate for a well-reasoned point of view.
- Creative skills necessary to craft persuasive, well-researched narratives for management consumption.
- Aptitude for translating strategy into execution in a complex and cross-functional organization.
- Strong attention to detail with proven ability to distil complex ideas into simple stories.
- Previous experience in Treasury or Controllers functions is preferred.
- Strong basic understanding of capital markets and/or institutional banking is a must.
Understanding of Basel capital rules is a bonus.
- A self-starter with ability to independently manage work and drive multiple deliverables concurrently.
- Ability to work together with team to gain consensus and agreement across disparate functions, products and geographies.
- Must have ability to stay ahead in a constantly changing environment.
Must be a change agent, ensuring others understand current direction.
- Strong basic Microsoft Office skills
- Advanced English
**Education*