4 days old

VP, Capital Planning, Treasury

Kew Gardens, NY 11415
The Capital Planning Group within Citi Treasury is responsible for all aspects of capital analysis, forecasting, and planning for Citi, providing programmatic leadership for the firms capital ratios; Risk Weighted Assets (RWA); Comprehensive Capital Analysis and Review (CCAR); and Recovery & Resolution Planning (RRP). In achieving these objectives, the Capital Planning Group partners with colleagues across Finance, Risk Management, the businesses, and other corporate functions to ensure capital measures are compliant with Basel and other regulatory guidelines, forecasts are reliable and actionable, capital is utilized efficiently, and the regulatory plans that are outputs of these activities demonstrate the strength of our capital planning framework and associated governance. The organization spans the full capital planning continuum, with the Head of Capital Planning reporting to the Citi Treasurer.

**Capital Planning Group Business Function Descriptions:**

**Capital Planning Verticals**

**Basel Interpretative Office and Regulatory Capital Planning** (New York):

+ Strategic Capital initiatives, including driving regulatory advocacy on capital related matters and providing strategic insight into the Capital Policy

+ Basel Interpretive Office performs first line of defense (LoD) for Basel related matters, including determining the appropriate RWA treatment in accordance to Basel regulatory capital rules

+ Resolution capital management, including methodology and metrics

**RWA Integrity** (New York and Tampa):

+ Responsible for RWA Actuals for Citigroup and CBNA Legal Vehicles across risk stripes

+ Ensure integrity of front-to-back process at a Basel exposure type level. Develop analytics for first LoD and second LoD reviews. Owns and attests to the completeness, accuracy, and timeliness of RWA.

+ Ensures RWA Actuals calculations per the U.S. Basel III rules: Wholesale, Retail, Derivatives, Secured Financing Transactions (SFT), Equity, Market Risk and Securitization.

+ Define, develop and RWA analytics (i.e., attribution analysis) to ensure the capital calculations adequately considers the Banks size, complexity, and overall risk profile.

+ Develop expertise in U.S. Basel III rules and related regulatory developments for incorporating changes to RWA Regulatory Reporting as appropriate

**Capital Forecasting & Analysis** (New York and Tampa):

+ Responsible for estimating projected capital measures in both business-as-usual and stress environments (CCAR/DFAST), which is then used in business strategy, including:

+ Capital Return Actions: Share Repurchases and Dividends

+ Extension of credit or the amount of Trading Book exposures that can be accommodated

+ Following activities / management information are performed by this unit which facilitates the discussions on business strategy:

+ Measurement / adherence to Capital Goals, in partnership with the Capital Management organization

+ RWA Forecasting of the following RWA Risk Stripes: Wholesale, Retail, Derivatives, Secured Financing Transactions (SFT), Equity, Market Risk and Securitization.

+ Forecast capital ratios for both Citigroup and CBNA (e.g., CET1, Tier 1 and Total Capital)

+ Develop and understanding of regulatory developments and incorporate the methodology changes into the forecast when relevant

**CCAR/DFAST Execution** (New York):

Responsible for overseeing and coordinating the activities of all work streams for CCAR/DFAST:

+ Communicate regulatory guidance and expectations

+ Coordinate end-to-end CCAR/DFAST execution, including the CCAR/DFAST capital adequacy assessment, ongoing remediation, and off-cycle capital adequacy assessments with CCAR workstreams, by participating in ongoing Capital Planning Group and/or workstream-specific senior governance group meetings

+ Monitor adherence to relevant Capital Planning Standards and procedures

+ In cooperation with relevant stakeholders and contributors, draft the Capital Plan

+ Facilitate review, challenge and approvals from Senior Management and the Board, as required by the Capital Planning Standards

+ Coordinate the CCAR/DFAST examination, and escalate emerging issues as needed

**Recovery & Resolution Planning (RRP)** (New York):

+ Responsible for executing the recovery and resolution planning strategies in coordination with key stakeholders through development, execution, and submission of the Citigroup and CBNA Recovery and Resolution Plans, pursuant to supervisory rules and guidance, as follows:

+ Serve as the central point of contact within the firm for understanding and interpreting RRP-related regulatory rules and guidance

+ Establish and socialize Citi's approach to address RRP-related regulatory rules and guidance across the organization

+ Establish and execute the Material Legal Entity (MLE) / Core Business Line (CBL) / Critical Operations (CO) designation process for Citi, globally

+ Develop hypothetical recovery scenarios for the Citigroup and CBNA Recovery Plans

+ Establish clean funding lines to deliver the required capital and liquidity to Operating MLEs

+ Drive alignment of Citi's US Recovery and Resolution Plans with international Recovery and Resolution Plans mandated by local jurisdiction supervisory authorities

+ Monitor and manage the resolution capital metrics (RCAP and RCEN) framework and reporting

**Capital Planning Horizontals**

**Regulatory Engagement and Finance Office** (New York):

Serves as the central point of contact for regulatory communications in Capital Planning. Manages internal communications to Citi senior management and the Board, and manages financial metrics including budgeting and staff resources.

**Capital Planning Governance & Controls** (New York and Tampa):

+ Responsible for developing and enhancing governance processes to improve efficiency, transparency, and control, as well as, ensure alignment with Citi standards and compliance with key regulatory requirements.

+ Partnering with key stakeholders across Citi to oversee the submission of the CCAR and RRP annual plans as well as the successful execution of Basel regulatory changes

+ Engaging with various groups across Citi to drive risk reduction efforts and report on a comprehensive inventory of issues impacting Capital Planning

+ Partnering with internal Capital Planning stakeholders to ensure the appropriate risk and controls are governed across our various functions

**Capital Planning Quality Assurance** (New York and Tampa):

+ Dedicated Quality Assurance function that articulates how and why Citi can take confidence in the outputs of its capital planning processes

+ Maintains 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

+ Responsible for two key aspects of capital planning:Understanding, contextualizing, aggregating, synthesizing, and reporting the key Assumptions, material model Limitations and Weaknesses (collectively, ALWs) across Citis capital planning processes, with a specific and immediate focus on spot RWA and CCAR; andEnsuring sufficient quality assurance and other compensating controls are in place to effectively mitigate the impact of any such key Limitations and Weaknesses

**Capital Planning Global Process Owner (GPO)** (New York and Tampa):

+ Executes all Capital Planning technology programs & initiatives (major new builds, automation, and systemic capabilities) in partnership with Capital Planning disciplines, Finance, and other partners

+ Drives centralized change of strategic infrastructure for Capital Planning and related Consent Order/MRAs/MRIAs and develops the necessary Annual IT Budget Plan as required for the same

+ Partners with Capital Planning verticals on action plans and programs to strengthen RWA integrity, Capital forecasting, CCAR and RRP and to implement/gain firms compliance in systems on new regulations

+ Delivers sustainable systemic solutions in alignment with Finance Transformation and other firm-wide initiatives as related to Capital Planning

**Responsibilities** :

+ Performing in-depth analyses and problem solving within respective Capital Planning business function

+ Supporting Capital Planning to tell the story as to how and why Citi can take confidence in its processes and outputs, and how those processes can improve over time

+ Delivering thought leadership and supporting the implementation of changes necessary to enhance Citis capital planning processes and satisfy evolving regulatory developments, including but not limited to criticisms articulated in the recent Consent Orders

+ Enabling continuous improvements by partnering with leads and senior stakeholders to proactively design solutions for identified weaknesses or gaps, in order to mitigate risk

+ Developing a strong working relationship across the organization in support of their individual responsibilities and in support of 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** **:**

+ Strong background in capital planning processes, including RWA, CCAR and RRP

+ 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.

+ 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(s) in Treasury, Financial Planning & Analysis (FP&A) and/or Controllers functions is preferred

+ Comprehends the importance of governance, controls, and legal entity considerations

+ Past interaction with Financial Regulatory stakeholders preferred

+ Strong understanding of capital markets and/or institutional banking are preferred

+ Understanding of Basel capital rules are preferred

+ 5+ years of proven experience in driving results with a very strong understanding of the financial services industry

+ Strong instincts and ability to apply independent judgment to historical business practices, with a proven ability and willingness to challenge the status quo

+ A self-starter with ability to independently manage work and drive multiple deliverables concurrently

+ Ability 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.

+ An undergraduate degree is required, preferably in Finance and/or Accounting. An MBA, CPA or CFA is a plus.

+ Advanced Microsoft Office skills

+ Knowledge of advanced technological / digital tools preferred (Tableau, MS Power BI, Python, etc.)


**Job Family Group:**



**Job Family:**

Fin Solutions Dsgn & Implement


**Time Type:**


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)** .

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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.


Posted: 2022-05-13 Expires: 2022-06-12

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VP, Capital Planning, Treasury

Kew Gardens, NY 11415

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