SVP, Capital Planning Review – Recovery and Resolution Planning Capabilities (Hybrid)

The Capital Planning Review Team (“CPRT”) is mandated by the Capital Committee and Board of Directors to lead the holistic independent review and challenge of the capital planning process across the capital planning continuum. The team sits in the Finance CRO organization as part of the overall Independent Risk Management function of Citi. Key objectives are to establish a centralized and consistent framework for independent review and challenge, enable an end-to-end perspective within and across workstreams, and increase transparency of methodologies, processes, governance and results.

CPRT - Recovery and Resolution Planning (RRP) SVP is responsible for executing independent review and challenge of the RRP workstream under the capital planning process, including Recovery and Resolution Plan submissions.

The role involves completing review and challenge, documenting and reporting results to senior management and communicating with regulators and Internal Audit. The CPRT – RRP SVP is responsible for credible evaluation of methodologies, results, governance and processes related to RRP; planning, contributing to policy enhancement and potential future strategy of the overall approach to capital planning review and challenge. The incumbent will be able to exert strategic influence on the business and interact with other functions or businesses.

The role requires a thorough understanding of regulatory requirements (Resolution Plan Final Guidance, SR 12-17, SR 14-8, 12 CFR Part 30 Appendix E), capital planning methodologies, governance and internal control processes, hands-on experience in foundational risk management (credit, market, liquidity or operational risk). Excellent written and verbal communication skills are required in order to negotiate internally, often at a senior level. Some external communication with regulators may be necessary. The role may involve or be responsible for diverse (cross-discipline) activities as necessary.

Responsibilities:

• Support the Review and Challenge Lead under the RRP workstream.
• Execute review and challenge sessions with the workstream Leads and their teams and document the results.
• Analyze Recovery and Resolution Planning related methodologies (e.g., Recovery triggers, scenario, actions; Resolution metrics, etc.) and review the methodologies for conceptual soundness, fitness for purpose, completeness of identification of estimation approaches, completeness of identification of key assumptions.
• Assess the appropriateness of rationale supporting key assumptions underlying the Recovery and Resolution Planning processes including sensitivity and impact analysis where applicable.
• Assess the reasonableness of Recovery and Resolution key results including variance analysis and benchmarking against historical outputs.
• Review and challenge the capabilities enabling the Recovery and Resolution Planning efforts including independent assessment of capabilities and capabilities testing.
• Summarize the review and challenge results and support Review and Challenge Lead in presenting the results to the respective governing groups inclusive of the Capital Committee.
• Apply subject matter expertise to the Recovery and Resolution Planning workstream and holistic capital planning process across the stress continuum. Required expertise include combinations of foundational risk management (risk identification, stress testing, market risk, wholesale and retail credit risk, operational risk), capital forecasting and Recovery and Resolution Planning.
• Drive efforts across Independent Risk Management functions to provide comprehensive and holistic review and challenge of RRP.

Qualifications:

• 10+ years of experience
• Technical skills: hands on experience with Recovery and Resolution scenario design, Recovery action identification and impact assessment, Resolution Capital Adequacy Positioning and Execution Need (RCAP/RCEN) forecasts and RRP submission in line with regulatory frameworks including Resolution Plan Final Guidance, SR 12-17, SR 14-8, 12 CFR Part 30 Appendix E.
• Highly motivated with attention to detail, team oriented, organized
• Consistently demonstrates clear and concise written and verbal communication skills with the ability to articulate complex problems and solutions through concise and clear messaging
• Ability to interact and communicate effectively with senior leaders
• Demonstrates ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholders
• Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businesses
• Experience with and previous exposure to internal or external control functions and regulators
• Ability to challenge business management and escalate issues when appropriate
• Strong verbal and written communication, experience with effective reporting to senior management and communication with regulators and audit.

Education:

• Bachelor’s degree or equivalent experience, preferred Master’s degree

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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.

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