Loss Forecasting and Stress Testing Analytics Intmd Analyst

The Model/Anlys/Valid Intmd Anlyst is a developing professional role. Deals with most problems independently and has some latitude to solve complex problems. Integrates in-depth specialty area knowledge with a solid understanding of industry standards and practices. Good understanding of how the team and area integrate with others in accomplishing the objectives of the subfunction/ job family. Applies analytical thinking and knowledge of data analysis tools and methodologies. Requires attention to detail when making judgments and recommendations based on the analysis of factual information. Typically deals with variable issues with potentially broader business impact. Applies professional judgment when interpreting data and results. Breaks down information in a systematic and communicable manner. Developed communication and diplomacy skills are required in order to exchange potentially complex/sensitive information.

• Moderate but direct impact through close contact with the businesses' core activities. Quality and timeliness of service provided will affect the effectiveness of own team and other closely related teams.


• Responsibilities: Qualifications: Education:
  • Develops, enhances, and validates the methods of measuring and analyzing risk, for all risk types including market, credit and operational. Also, may develop, validate and strategize uses of scoring models and scoring model related policies.
  • Supports the design, development, delivery and maintenance of best-in-class Risk programs, policies and practices for Risk Management.
  • Reviews institutional or retail analytics and Models and other documents to ensure compliance with various regulatory and legal requirements.
  • Identifies potential risks and escalates for further review.
  • Handles preliminary investigations, assists with reconciliation procedures and prepares routine correspondence.
  • Creates and maintains reports for control, tracking, and analysis purposes and ensures appropriate and secure retention of documents.
  • Works with more senior staff in investigating and responding to customer and operational complaints.
  • Interacts and works with other areas within Risk Management, as necessary.
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
  • 5+ years experience
  • Proficient in Microsoft Office with an emphasis on MS Excel
  • Consistently demonstrates clear and concise written and verbal communication skills
  • Self-motivated and detail oriented
  • Demonstraed project management and organizational skills and capability to handle multiple projects at one time
  • Bachelor’s/University degree or equivalent experience

Integral to Citi Cards‘ success is strong and effective Risk Management that allows us to serve our customers while also protecting Citi’s interests. NA Cards Risk Management division comprises of highly qualified individuals spread across the globe.

Position Summary:

The role is within the Credit Loss / Loan Loss Reserve Forecasting and Stress Testing team. This group is specifically tasked with calculating and managing the net credit loss and loan loss reserve forecast on a $200BN + portfolio and working with the Finance teams to build forecasts for credit losses and loan loss reserves under varying macro-economic and business conditions. The individual will be responsible for NA Cards and Personal Installment Loan (PIL) Credit Loss / Loan Loss Reserve Forecasting and Stress Testing including Comprehensive Capital Analysis & Review (CCAR/DFAST) for specific NA Cards and PIL sub-portfolios.

The individual should demonstrate strong thought leadership and is expected to leverage technical and business acumen and functional experience in order to deliver high quality results. The individual will also collaborate with Modeling, Finance, Risk Policy, Governance, Global CCAR office, and External Auditors.

Responsibilities include but are not limited to understanding the key drivers of losses and loan loss reserves, their relative importance and the current trends; apply this knowledge effectively to forecast losses / loan loss reserves meaningfully and accurately; analyze underlying model outputs relative to other business, ensure that the models provide rational and logical output, Reconcile detailed financial data from disparate data sources, be able to present the findings to various key stake-holders and senior management across the NA Cards organization; hold meaningful discussions and present to various review and challenge teams, internal and external auditors and regulators; ensure best in class governance and documentation practices for these functions; drive process efficiencies through automation for the underlying data, forecasting and reporting processes.

Key Responsibilities:

• Reliably execute:
  • Quarterly loss / loan loss reserve forecasting and stress testing processes (CCAR, QMMF, Recovery Plan) deliverables for one or more NA Cards / PIL portfolios, and
  • Associated governance activities (Manager Control Assessment, End User Computing, Activity Risk Control Monitoring and its Assessment Units
  • Cross-portfolio and cross-functional collaboration on loss / loan loss reserve forecasting and stress testing analytics

• Support review and challenge of existing models, and model outputs to identify areas of improvement relative to portfolio & macro-economic trends.
• Understand the calculation of reserves, components of P&L, and the impact of CECL on CCAR results besides understanding the synergies between two processes; and apply these concepts effectively for generating accurate forecasts
• Partner with Finance team to complete requests on financial planning & CCAR/DFAST results and increased integration of credit risk & PPNR results
• Collaborate with Risk Modeling, Portfolio and New Account Forecasting, Data and Reporting teams
• Create presentations with supportive analysis, storyboard results, and lead discussions with senior management, Finance heads, Independent Risk; required as part of the business review and effective challenge process
• Establish and continually evolve standardized business and submission documentation
• Coordinate with Global CCAR Office, drive centralized reporting requirements, and communicate with Auditors and Regulators
• Partner with Risk and Finance organization to understand sources of data and continue to improve the process of defining, extracting and utilizing data.
• Identify areas of improvement in BAU and drive process efficiency through process simplification and automation (VBA, SAS, etc.)
• Manage information controls (version control, central results summary) to meet business objectives with utmost clarity

Qualifications:

• Bachelor’s degree in a quantitative discipline: Mathematics, Sciences, Economics, Management, Operations Research, Engineering and Statistics (Master’s degree in an analytical field is a plus).
• 5+ years of work experience in financial services or related consulting.
• Strong understanding of risk management. Knowledge of credit card industry and Knowledge of credit card industry and key regulatory activities (CCAR) are a plus.
• Strong understanding and hands-on experience with econometric and empirical forecasting models
• Strong CCAR / DFAST/Stress Testing experience is preferred
• Broad understanding of overall business model and key drivers of P&L.
• 5+ years of experience in using analytical packages, SAS, datacube/Essbase, MS Office (Excel, Powerpoint)
• Vision and ability to provide innovative solutions to core business practices.
• Ability to develop partnerships across multiple business and functional areas.
• Strong written and oral communication skills.

Leadership Competencies:

• Capability and experience to drive changes in order to achieve business targets
• Senior executive interactions - can present credibly to both large and small groups
• Strong interpersonal skills and ability to influence at all levels of management
• Displays flexibility to work well with varying personal styles
• Takes personal responsibility to lead by example. Understands and appreciates diverse backgrounds.
• Demonstrates strong ethics
• Develops strong cross-functional relationships within and outside Risk Management
• Contributes to a positive work environment; shares knowledge and supports diversity

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