1+ months

Risk - Legal Entity Risk Reporting Officer (CGME) (M/W/D) - VP

Frankfurt am Main, Hessen 60311
**Job Title: Legal Entity Risk Reporting Officer (CGME) (M/W/D)**

**Business: Risk Management**

**Division: DE Regional Chief Risk Officers**

**Officer title: VP**

**C-Grade: C13**

**Location: Frankfurt**

**Legal Entity: CGME**

**Posting until: 10 June 2022**

**Job Purpose:**

The new role is required to strengthen the Enterprise Risk Management team in Germany/legal entity risk management.

The role will involve close collaboration with regional and institutional risk management teams, as well as a broad range of other control function and business partners. Focus will be on managing overall risk reporting for the ERM team, as well as support more broadly the legal entity risk reporting. Among other things, the role will be responsible for monitoring, reporting and escalating material risk to internal and external stakeholders.

**Job Background/Context:**

CGME is acting as broker-dealer entity and falls under German supervision. Change of regulatory regime towards ECB supervision is expected to take place in 2022. In order to ensure adherence to all existing and to ensure preparation for new regulatory requirements, the job holder will be actively involved in the further evolvement of the risk management related governance and control environment.

The ERM Team is responsible for the legal entity risk management across all key risk stripes as well as providing infrastructure support, such as risk reporting for the legal entity and Germany franchise, capital planning, stress testing and a broad range of other regulatory projects and initiatives.

The successful candidate will be directly responsible for the overall design of the reporting packages, analysis, data quality and for delivery of risk reports / analytical commentary to the Management and Supervisory Board, Risk and other relevant Committees along with Regulators and Senior Management.

**Key Responsibilities:**

+ Responsible for the design of the risk reporting packages for the legal entity and Germany franchise, and overall delivery of critical legal entity risk reporting

+ Contributes to the analysis and preparation of reports for Internal Management, Regulators, Auditors, etc. that detail risks inherent in Credit, Market, Operational or other Risk Portfolios. Reporting can cover a variety of areas including but not limited to: portfolio concentrations, limit exceptions, stress testing, loss reserves or high-risk exposures.

+ Ensures risk reporting governance and framework, including related controls and written guidelines, are constantly reviewed, challenged and enhanced to always meet regulatory expectation of risk management.

+ To be actively involved in the BCBS 239 implementation to support workstream lead.

+ Serves as key risk reporting contact for all interactions with internal- and external stakeholders such as Internal Audit, External Audits or regulatory interaction.

+ To act as outsourcing manager for all outsourcings in relation to risk reporting. This includes the full adherence to all Citi guidelines and regulatory expectations on outsourcing.

+ Participates in preparing regular and time-sensitive ad-hoc deliverables to the regulators and senior managements, closely working with industry and regional senior portfolio managers

+ Provides quantitative risk metrics underlying the reports and design enhancements to the reports.

+ Maintains the input or data quality of risk management systems to ensure accurate reporting.

+ Develops quantitative risk management processes designed to support a range of mandatory stress test known as the Comprehensive Capital Analysis and Review (CCAR), as well as Business As Usual (BAU) stress testing and economic risk capital reporting.

+ Utilizes sophisticated quantitative risk analytics tools to ensure that the risk parameters used to determine stress losses and economic capital are calculated in accordance with both internal Citi and government regulatory requirements.

+ Analyzes test results and prepare monthly commentary for senior management.

+ Partners with Global reporting teams, Risk Systems and Technology teams to jointly design strategic automated solutions and ensure complete, correct, and timely reporting.

+ Has the ability to operate with a limited level of direct supervision.

+ Can exercise independence of judgement and autonomy.

+ Acts as Reporting SME to senior stakeholders and /or other team members.

**Development Value:**

The successful candidate will directly support the buildout of the legal entity risk management, as well as supporting the reporting infrastructure development to provide accurate and timely reflection of the risk profile of the legal entity/Germany franchise. As such, the role will entail exposure across businesses and functions operating on Citis new EU investment firm.

+ Significant interaction with management and exposure to local and regional stakeholders

+ Significant scope for improving processes and practices

+ Breadth of role will provide significant business and personal development opportunities

+ Unique opportunity to be part of the inception of a new entity and business structure in a key strategic area for Citi

Opportunities available to take on additional responsibilities over time.


+ 5-7 years or relevant work experience (at least one year in risk or financial reporting an advantage)

+ Bachelors/University Degree, Masters degree preferred (e.g. Engineering, Business studies, Economics, Quantiative studies, etc.)

+ Fluent in written and spoken English, German (preferred)

+ Knowledge of MaRisk, CRR, EBA Guidelines (desirable) or strong understanding of risk management principles.


+ Risk reporting or finance experience an advantage

+ Advanced working knowledge of Microsoft Excel, PowerPoint, Word

+ Up-to-date working knowledge of regulatory requirements and change, specifically those from Basel and European regulatory authorities(desirable)

+ It is essential that the candidate has a proven ability to analyze and assimilate information for presentation to legal entity Boards, committees and senior management (internally and externally).


+ English and German fluency (written and spoken)

+ Integrity, maturity, dependability

+ Ambitious and hard working

+ Willing to learn

+ Be a team player and get along well with different personality types, potentially across dual location

+ Positive and pro-active professional attitude

+ Ability to manage multiple demands

+ Self-driven and finds it natural to take initiative and set the agenda

+ Demonstrates appreciation for diverse workforce, and uses these differences to make better decisions

+ Leads by example as a strong role model

+ Promotes diversity of thought, background and experience

+ Maintains business focus understands client needs and drives customer satisfaction

+ Entrepreneurial, in a corporate / globally regulated bank context

+ Holds self and other accountable for results.


+ Ability to identify complex business issues ensuring proper analysis / interpretation of issues

+ Strong local and remote people management skills, partnering and influencing skills.

+ Significant scope for improving processes and practices

+ Strong communication skills and exceptionally good at stakeholder management at all levels

+ Excellent organizational and project management skills

+ Strong analytical skills & ability to solve problems

+ Excellent interpersonal skills necessary to deal with colleagues at all levels across the firm

+ Track record of success in delivering high quality work in a fast paced and dynamic environment

+ Ability to lead projects and assignments of high complexity within Citi

+ technical expertise with the ability to combine a broader skillset of managing stakeholders and driving a strategic agenda.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.


**Job Family Group:**

Risk Management


**Job Family:**

Regulatory Risk


**Time Type:**

Full time


Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review **Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** .

View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .

View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) .

View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.


Posted: 2022-05-27 Expires: 2022-07-29

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Risk - Legal Entity Risk Reporting Officer (CGME) (M/W/D) - VP

Frankfurt am Main, Hessen 60311

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