Citi Sr. Country Risk Stress Test Analyst in Irving, Texas
Primary Location: United States,Texas,Irving
Education: Master's Degree
Job Function: Risk Management
Shift: Day Job
Employee Status: Regular
Travel Time: Yes, 10 % of the Time
Job ID: 16053427
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citi’s Mission and Value Proposition at http://www.citigroup.com/citi/about/mission-and-value-proposition.html explains what we do and Citi Leadership Standards at http://www.citigroup.com/citi/about/leadership-standards.html explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients’ and the public’s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.
Objective: Global Country Risk Management (GCRM) is responsible for establishing Citigroup’s country risk policy and analyzing and managing Citigroup’s exposure to country risk. Its mandate is to be early and proactive in identifying emerging global and country risks, and advising an appropriate course of action. GCRM is also responsible for defining the scenarios and projecting the macroeconomic variables related to internal financial planning and the stress-testing required by US regulators (including the Comprehensive Capital Analysis and Review—CCAR). Additionally, GCRM is an integral part of the Global Country Risk Strategy group that serves as an important link between Citi’s country management teams and its global products and functions. The Strategy group works closely with Chief Country Officers to understand and address the unique opportunities, challenges, and obstacles to success within their countries and, together with regional management, helps define strategic goals and execution plans.
Key Responsibilities - Maintaining databases of historical economic and market variables and preparing forecasts under different scenarios to support the strategic objectives of the organization. Economic variables are overwhelmingly macroeconomic variables, whereas market variable includes but not limited to treasury rates, various benchmark rates such as LIBOR, Swaps, CDS, VIX, sovereign credit spread, central bank discount rates, equity indices, FX rates, FX volatilities, commodities, and term structure of Corporate Bond spread by ratings grade.
Provide holistic view of risks and opportunities by combining risk management and strategy at the country level in our 100+ countries across the globe.
Work closely with country risk subject matter experts to identify and address issues and opportunities on-the-ground, and provides a link to global products and functions.
Creates macro-level forecasts of BHC Base, BHC downside based upon specific events or Executive Leadership requests
Superior problem-solving skills, the ability to think creatively and multi-task while maintaining an uncompromising attentiveness to detail and commitment to excellence.
Strong interpersonal skills and the ability to foster a collaborative environment. Strong quantitative skills, including the ability to work with large databases and perform statistical analysis.
Proficiency with personal computers and pertinent mainframe systems and software packages. Advanced spreadsheet and database knowledge preferred.
Outstanding communication skills (oral, written) with the ability to clearly articulate complex ideas. Ability to learn on his/her own in a non-formal training environment. Feel comfortable proposing new methodological approaches and being proactive.
The ideal candidate will have the following attributes/skills:
Strong quantitative skills preferably with an academic background in mathematics, statistics or economics, and 2-5 years of relevant professional experience. Previous experience in a role requiring managing/analyzing large data sets and presenting the data graphically is highly desired.
2 to 5 years of financial modeling experience as it relates to forecasting economic / market variables. Exposure to model review and documentation standards is desirable.
Preference for CCAR and Stress Testing related exposure.
Proficiency in Microsoft Office applications (Excel, PowerPoint, Word). Familiarity with statistical packages such as SAS, SAS/EG, SAS/Base, R is a plus. Knowledge of financial analysis, modeling, systems and reporting preferred.
Understanding of business line drivers for a large size global financial institution.
Skilled at articulating methodological issues in a manner that is understandable for non-technical stakeholders