Capital Planning, AVP/C12

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 firm’s capital ratios; 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– Business Function Descriptions:

Capital Forecasting & Analysis

• 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 / Stress Testing

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)

• 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 Transformation

• Centrally deliver Citi’s commitments pertaining to Article VIII of the OCC Consent Order and paragraph 3(b) of the FRB Consent Order, which both relate to transformation of capital-related capabilities​. Responsibilities include:

• Capital Chief Data Office & Infrastructure
• Capital Governance TransformationPlanning Governance
• Basel Transformation
• Planning Transformation

Capital Planning Governance & Controls

• 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

Communications and Finance Office

• The Capital Planning Communications and Finance Team (i) manages Capital Planning’s engagement with regulators; (ii) coordinates production of internal presentations to Citi senior management and the Board; and (iii) oversees Capital Planning’s headcount management, Continuity of Business (CoB), Records Management, and other matters, including financials and budget-related processes.

Responsibilities

• Performing in-depth analyses and enabling problem solving within respective Capital Planning business function
• Working with large data-sets and translating into presentations for management consumption       
• Supporting Capital Planning management 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 Citi’s 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:

• Past background in capital planning processes, including RWA, CCAR and RRP is a plus
• Excellent communication skills, including well-developed verbal, written and presentation skills 
• Creative skills necessary to craft persuasive, well-researched narratives for management consumption
• 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 or past work experiences at a Regulatory body is a plus
• Strong basic understanding of capital markets and/or institutional banking are preferred 
• Basic understanding of Basel capital rules is a plus 
• 3 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
• 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 (Tableau, MS Power BI, Python, etc.) is a plus

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Job Family Group: Finance

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Job Family:Fin Solutions Dsgn & Implement

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Time Type:

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Primary Location:Ofallon Missouri United States

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Primary Location Salary Range:$87,050.00 - $130,570.00

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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.

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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.

Salary : $87,050 - $130,570