VP; Liquidity Stress Testing (Model Development) Lead Analyst
Company: Citi
Location: West Nyack
Posted on: January 27, 2023
Job Description:
Team: The individual will work in the Liquidity Stress Testing
team within Global Liquidity Management (GLM) team at Citi's
Corporate Treasury. The GLM team is responsible for measuring,
reporting, and managing liquidity risk across the firm in a
consistent and transparent manner and within well-established risk
appetite. It partners with businesses and functions across the firm
to establish and implement initiatives to improve Citi's liquidity
profile and related risk management processes. The GLM team
interfaces with Citi's Asset Liability Committees (ALCOs),
Business, Legal Entity, Regional and Country Treasurers, Regional
and Country Risk Managers, Business Managers, Independent Risk, and
the Recovery and Resolution (RRP) team in ensuring a consistent
view of balance sheet and liquidity across the firm. It coordinates
with country and business treasurers to implement funding and
liquidity plans for each country / entity which includes analysis
of the balance sheet and economic/business conditions for each
country and/or significant operating entity. The GLM team maintains
an active and open dialogue on liquidity matters with regulators,
investor relations and industry groups.Key Responsibilities:In this
role, the individual will be responsible for:
- Support and selectively lead the development, enhancement and
maintenance and review of methodologies and models for internal
liquidity stress tests (ILSTs) and interpretations for regulatory
liquidity metrics (US LCR, US NSFR)
- Performing detailed product-specific analysis to support stress
testing calibration which will require strong collaboration and
engagement with partners across Business, Treasury and Risk
functions
- Actively participate in discussions with Citi's Model Risk
Management (MRM) function in documenting and validating models
- Assessing the liquidity impacts related to new businesses and
products
- Developing responses to regulatory examinations related to
liquidity stress testing
- Understanding Citi's regulatory liquidity metrics, reporting
requirements and existing liquidity framework in order to
effectively support both ongoing liquidity oversight requirements
and proposed liquidity regulations
- Make strategic recommendations with regard to balance sheet and
liquidity optimization across legal entities and
businessesQualifications:
- A bachelor degree in finance, legal, accounting, or related
fields; advanced degree is a plus.
- Minimum 2-4 years of experience in one or more of Finance,
Treasury, Risk, or Quantitative model development disciplines.
- Ideally at least 2 years of experience in Treasury and/or
Liquidity Risk Management at a U.S global financial services
institution with knowledge of liquidity regulations, reporting,
analytics and development of internal liquidity stress testing
models related to Markets products such as High Quality Liquidity
Assets, Secured Funding, Derivatives, Prime Brokerage
- Willingness to take ownership and execute on deliverables.
- Excellent organizational skills, with experience in leading
large teams, composed of product specialists with different
backgrounds
- Strong communication skills (written, verbal) including tact,
diplomacy and ability to influence others
- Strong quantitative skills, with attention to detail.
- Advanced Excel and MS Office skills requiredSpecialized Skills:
- Understanding and knowledge of regulatory landscape (e.g., US
LCR, US NSFR, Reg YY, CLAR / LISCC exam process, Recovery Plan,
Resolution Plan) and liquidity planning exercises (e.g. Funding &
Liquidity Planning, Contingency Funding Planning)
- Working knowledge of SQL, VBA, Python, PowerBI, Tableau is
desirable - Job Family Group: Finance - Job Family:Balance Sheet
Management Time Type: Full time Primary Location: Long Island City
New York United States Primary Location Salary Range: $132,320.00 -
$198,480.00 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 .View the " EEO is
the Law " poster. View the EEO is the Law Supplement .View the EEO
Policy Statement .View the Pay Transparency Posting - 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.
Keywords: Citi, Tenafly , VP; Liquidity Stress Testing (Model Development) Lead Analyst, Executive , West Nyack, New Jersey
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