Citigroup
Finance Liquidity Quality Assurance, Monitoring & Testing Lead Analyst-VP
Citigroup, New York, New York, United States, 10001
Finance Liquidity Quality Assurance, Monitoring & Testing Lead Analyst-VP
Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact. Job Overview
Finance Quality Assurance, Testing and Validation (QATV), within the Finance Transformation organization, independently assess in-scope regulatory and management reports and associated report production processes for completeness, accuracy and conformance to regulatory requirements and adherence with relevant Policies, Standards, and Procedures with the aim of identifying non-adherence and continuous improvement opportunities. The Rules Conformance team, part of QATV team, assess whether Citi's processes, interpretations and system implementations conform with regulatory rules, Citi's policies and procedures, or other authoritative guidance. The key risk(s) being addressed are identification of discrepancies in system logic, data related issues, process breaks or incorrect implementation of rules and interpretations across different U.S. regulations & reports - Regulatory Capital (e.g. Risk Weighted Assets, Capital Ratios, Leverage Ratios), Liquidity (e.g. Net Stable Funding Ratio, Liquidity Coverage Ratio), Single counterparty Credit Limit (e.g. Gross Credit Exposure). This Lead Analyst role will support Liquidity conformance testing, focusing on conducting rule-based testing to support, monitor, and assess the accuracy of Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) calculations and adherence to reporting instructions. The role entails leading the team in developing test cases and test scripts, executing the tests, conducting root cause analysis on identified issues, and escalating potential problems. The Lead Analyst will also evaluate testing results to make recommendations to management for improvements to the LCR and NSFR production processes and coordinate with Liquidity Management (LM) and Liquidity Operations (LO) Teams to ensure the identified issues are appropriately prioritized and remediated. The Lead Analyst will partner extensively with colleagues across Finance, the LM and LO workstreams, technology, and front office business lines to develop and implement audit-style testing protocols to ensure the transparency and appropriateness of data inputs, calculation logic, and reporting of LCR and NSFR balances and ensure completeness and accuracy of testing results to senior management. Lead Analyst Role and Responsibilities Support with exposures leads in developing and employing an "audit-style" approach to testing across Liquidity Risk, to provide the necessary transparency and predictability to the LCR and NSFR calculations. Supporting the team to "tell the story" as to how and why Citi can take confidence in its LCR and NSFR 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 production processes and satisfy evolving regulatory developments Enabling continuous improvement by partnering with workstream leads and senior stakeholders to proactively design solutions for identified weaknesses or gaps with compensating controls. Developing a strong working relationship with process owners across the organization in support of their individual responsibilities and in support of creating 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. Performs other duties and functions as assigned. Has the ability to operate with a limited level of direct supervision. Appropriately assess risk when business decisions are made, demonstrating 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. Qualifications 5 10+ years of relevant experience within financial services industry preferred. Strong analytical and critical thinking skills with background in internal audit or public accounting. Expertise in trading book products, with the ability to understand product-level risk drivers and liquidity implications. Knowledge of and experience in interpreting and explaining U.S. Liquidity Risk Regulation (LCR, NSFR) and requirements including regulatory reports (e.g. 2052a, LCR, NSFR). Strong audit instincts and ability to apply independent judgment to historical business practices, with a proven ability and willingness to challenge the status quo. Experience and demonstrated ability to manage competing priorities in a complex and dynamic environment. Advanced Microsoft Office skills. CPA or CFA preferred. Education Bachelors degree, potentially Masters degree
Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact. Job Overview
Finance Quality Assurance, Testing and Validation (QATV), within the Finance Transformation organization, independently assess in-scope regulatory and management reports and associated report production processes for completeness, accuracy and conformance to regulatory requirements and adherence with relevant Policies, Standards, and Procedures with the aim of identifying non-adherence and continuous improvement opportunities. The Rules Conformance team, part of QATV team, assess whether Citi's processes, interpretations and system implementations conform with regulatory rules, Citi's policies and procedures, or other authoritative guidance. The key risk(s) being addressed are identification of discrepancies in system logic, data related issues, process breaks or incorrect implementation of rules and interpretations across different U.S. regulations & reports - Regulatory Capital (e.g. Risk Weighted Assets, Capital Ratios, Leverage Ratios), Liquidity (e.g. Net Stable Funding Ratio, Liquidity Coverage Ratio), Single counterparty Credit Limit (e.g. Gross Credit Exposure). This Lead Analyst role will support Liquidity conformance testing, focusing on conducting rule-based testing to support, monitor, and assess the accuracy of Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) calculations and adherence to reporting instructions. The role entails leading the team in developing test cases and test scripts, executing the tests, conducting root cause analysis on identified issues, and escalating potential problems. The Lead Analyst will also evaluate testing results to make recommendations to management for improvements to the LCR and NSFR production processes and coordinate with Liquidity Management (LM) and Liquidity Operations (LO) Teams to ensure the identified issues are appropriately prioritized and remediated. The Lead Analyst will partner extensively with colleagues across Finance, the LM and LO workstreams, technology, and front office business lines to develop and implement audit-style testing protocols to ensure the transparency and appropriateness of data inputs, calculation logic, and reporting of LCR and NSFR balances and ensure completeness and accuracy of testing results to senior management. Lead Analyst Role and Responsibilities Support with exposures leads in developing and employing an "audit-style" approach to testing across Liquidity Risk, to provide the necessary transparency and predictability to the LCR and NSFR calculations. Supporting the team to "tell the story" as to how and why Citi can take confidence in its LCR and NSFR 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 production processes and satisfy evolving regulatory developments Enabling continuous improvement by partnering with workstream leads and senior stakeholders to proactively design solutions for identified weaknesses or gaps with compensating controls. Developing a strong working relationship with process owners across the organization in support of their individual responsibilities and in support of creating 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. Performs other duties and functions as assigned. Has the ability to operate with a limited level of direct supervision. Appropriately assess risk when business decisions are made, demonstrating 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. Qualifications 5 10+ years of relevant experience within financial services industry preferred. Strong analytical and critical thinking skills with background in internal audit or public accounting. Expertise in trading book products, with the ability to understand product-level risk drivers and liquidity implications. Knowledge of and experience in interpreting and explaining U.S. Liquidity Risk Regulation (LCR, NSFR) and requirements including regulatory reports (e.g. 2052a, LCR, NSFR). Strong audit instincts and ability to apply independent judgment to historical business practices, with a proven ability and willingness to challenge the status quo. Experience and demonstrated ability to manage competing priorities in a complex and dynamic environment. Advanced Microsoft Office skills. CPA or CFA preferred. Education Bachelors degree, potentially Masters degree