Retail Credit Risk Management, Vice President

The Portfolio Credit Risk Management role oversees portfolio risk management activities to minimize credit losses and potential damage to the Citigroup franchise or reputation. The role includes developing business strategies, calculating CECL reserves, conducting stress tests, loss forecasts, and managing risk appetite for the First Line of Defense (1

LOD). For the Second Line of Defense (2

LOD), the role involves providing effective oversight and periodic review and challenge of 1

LOD portfolio management processes and outcomes. Individuals in this role ensure credit risk is managed effectively across all portfolios, protecting the company's financial stability and reputation while supporting the overall business strategy.

• Ensure efficient and effective governance of critical regulatory programs including Comprehensive Capital Analysis & Review (CCAR), Dodd-Frank Act Stress Tests (DFAST) as well as other strategic initiatives within Citi’s Transformation and Consent Order Action Plan commitments.
• Responsible for CCAR/DFAST Stress Testing Process Governance and Controls, administration and documentation of Independent Risk Review and Challenge activities, and Methodology Documentation.
• Collaborate with businesses risk managers during methodology development, to identify and articulate portfolio risks and concentrations, critical indicators, limitations to forecasts, and to incorporate into methodology documentation.
• Interact with the 1st and 2nd lines of defense (i.e., Developers, Independent Risk Model Oversight, Global Product Specialists) to ensure communication of expectations and requirements, improve documentation quality and consistency, and capture documentation for the Retail Control Binder.
• Project management and content development support in the preparation, completion, and ongoing maintenance of the Retail Methodology Document, the Retail CCAR Control Framework, regulatory presentations, and Global Consumer CCAR Office communications.
• Ensure efficient and effective governance by supporting the administrative requirements for the Independent Risk Oversight Committee and Independent Risk Model Oversight (e.g., preparation and distribution of meeting materials, minuting meetings, communication, follow‑up on action items).
• Develop, document, and communicate Control Framework Standards and non‑production controls and monitor adherence via MCA.
• Take a leadership role in the development, communication, and implementation of an enhanced framework for administering, executing, and documenting Review and Challenge of CCAR models and forecasted outputs.
• Take ownership of project management responsibilities to ensure that action is taken on follow‑up items resulting from Review and Challenge by Independent Reviewers and the Independent Risk Oversight Committee.
• Interact with the 1st and 2nd lines of defense (i.e., Developers, Independent Risk Reviewers, and Global Product Specialists) to ensure communication of expectations and requirements, improve documentation quality and consistency, and capture documentation of Retail Credit controls.
• Ensure efficient and effective governance by supporting the administrative and information requirements for the Independent Risk Oversight Committee and Independent Risk Model Oversight.
• Develop, document, communicate, and implement enhanced controls for key non‑production activities (e.g., assumptions, model monitoring); maintain the Retail Credit Workstream Procedures and non‑production controls; and monitor adherence via MCA.
• Interact with diverse stakeholders from first‑ and second‑line Risk Management, Capital Planning, Internal Audit, Finance and Technology organizations with activities including oversight and coordination of Issues & Corrective Action Plans (CAPs), Manager Control Assessments (MCA), End User Computing (EUC) controls, Book of work management, regulatory interactions related to stress tests and FR Y‑14 data submissions (e.g., coordinating examinations, Q&A responses, etc.).

• 6‑10 years of experience.
• Demonstrable understanding of credit analysis and counter party risk with the ability to provide robust oversight and…