1+ months

SVP, Retail Exposures Capital Interpretation & Management, Senior Manager

New York, NY
  • Primary Location: United States,New York,New York
  • Other Location: United States,New York,Long Island City
  • Education: Bachelor's Degree
  • Job Function: Finance
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: No
  • Job ID: 18001458


Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citis Mission and Value Propositionexplain what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients and the publics trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.
Join Citis Capital Interpretation and Management (CIM) team within the Capital Optimization Group to support the interpretation of grey areas in regulatory capital rules such as RWA (Risk Weighted Assets), SLE (Supplementary Leverage Exposure), GSIB, Comprehensive Capital Analysis and Review aka CCAR and Dodd-Frank Act Stress Test aka DFAST efforts) and other Capital drivers.  The Capital Interpretation and Management (CIM) team is responsible for firm-wide interpretation of regulatory rules related to various Capital drivers described above and assessing its impacts to proposed and existing transactions and product programs.  Regulatory capital rules are complex and continue to evolve over time leading to gaps in coverage resulting in ambiguity in understanding. CIM provides the analysis of the capital rules and ensures that Citis interpretations of the rules are consistently applied on a global basis.  In addition to policy interpretation, the teams mandate includes advocacy with the supervisors, implementation oversight and regulatory capital training.  This role will offer significant exposure to senior management and will partner extensively with colleagues across risk, finance, and line of business functions.  The role will also involve significant direct interaction with the regulators as well as industry advocacy groups. Excellent interpersonal skills are required given the high level of interaction with senior members, as well as the ability to work under pressure to meet tight deadlines.
The candidate will be responsible for
  • Interpretation and application of regulatory rules (e.g. Basel III SA, SLE, GSIB, Stress Testing) and assessing its impacts to proposed and existing transactions and product programs for Retail Credit risk
  • Partnering with Risk Management, Accounting Policy and other control functions, understanding the deal structure and advising business on various Capital impacts (e.g. RWA, GSIB, SLE) for Retail Credit risk exposures
  • Contribute to the creation of Senior Management-ready materials, particularly CCAR presentations to Lines of Businesses, Independent Risk Management, Finance and Regulators
  • Work across various Global Consumer Bank Businesses and control functions to drive change and influence risk and regulatory outcomes
  • Review Retail risk exposure calculations and forecasts for Basel, SLE, GSIB, CCAR and internal planning requirements. 
  • Understand the linkages and interconnectivity between various components of TCE (Tangible Common Equity) and how the Capital rules impacts them
  • Develop a strong working relationship with FP&A, GCB Businesses, Audit and Independent risk and other counterparts across the organization
  • Engage with Regulators and industry groups for advocacy and regulatory compliance


  • Comprehensive  understanding of Basel rules (e.g. US, CRD4, GSIB, SLE) specifically for Retail Basel (BCBS Revised Framework for International Convergence of Capital Measurement and Capital Standards)AIRB & Standardized approaches, and related publications
  • Calculating RWA and SLE for Retail exposures using Basel III Advanced and Standardized approaches
  • Good understanding of principles of accounting for (bank) credit assets, capital and ALLL/LLR
  • Ability to independently and effectively work across all levels of management and across functions including navigating through organizational complexity and demonstrate organizational savviness 
  • Ability to manage multiple priorities and tasks, work well as part of a team, and exhibit strong people and influencing skills
  • Expertise in CCAR clearly a plus, but if not, sufficient knowledge in a similar stress testing regime or proven ability to quickly come up to speed in managing a complex financial reporting process of comparable in complexity to CCAR
  • Strong attention to detail, willingness to 'roll up sleeves' and produce a polished, high quality, accurate product; tireless work ethic with ability to work well under pressure
  • Solid Microsoft Excel skills and the ability to quickly develop advanced knowledge of MS Excel and Access (or other database front end query applications).
  • Good understanding of regulatory capital computation and reporting requirements (Basel, FFIEC 101)
  • Good understanding of requirements relating to FRB  (e.g. FR Y-14Q, FR Y-14A)
  • Good understanding of requirements relating to other regulatory reporting forms bearing relevance to retail banking exposures (FR Y-9C, FFIEC-031, FFIEC-101)
  • 5 - 10 years experience in related field


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SVP, Retail Exposures Capital Interpretation & Management, Senior Manager

New York, NY

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