Role Outline/Job Summary:

This role supports the management of Risk Appetite Framework within Citi North America Cards business to articulate and identify risks that arise from business strategy and activities. The Risk Appetite Framework is the articulation of the aggregate level and types of risk that a financial institution is willing to accept, or to avoid. The Risk Appetite Framework contributor must ensure that the business operates following principles of responsible finance and using a set of policies and standards, metrics, tools and processes, controls, and governance forums specific to credit risk

The Risk Appetite Framework is a core component of the Risk Governance Framework and compliance with OCC Heightened Standards. The Risk Appetite function is responsible for the Risk Appetite statement that articulates the space in which the Business wants to acquire accounts or additional exposure supported by guardrails, triggers and Key Performance Indicators defining the targeted portfolio risk and returns

Grade/Level: C12

FUNCTION/GROUP: - Business RAF

LOCATION: Mumbai

ROLE & RESPONSIBILITIES

Business/ Department Objectives

• Leading a best in class Risk organization ultimately responsible for driving sustainable growth and strong risk management for the US Cards Business across the function’s core responsibility areas.

Core Responsibilities:

• Identify key risks, develop risk tolerance metrics and thresholds that could compromise risk appetite of the bank, monitor them monthly
• Developed and monitored risk tolerance metrics, perform in-depth analysis on cards portfolio performance and present key findings and recommendations to management
• Provide the Business with indications of credit quality on individual vintages, are at the heart of all Credit Risk Appetite Frameworks and appropriate benchmarks must be in place across the credit life cycle
• Update monthly Reporting to ensure capital adequacy is well understood within the Branded Cards organization
• Prepare executive presentations as part of Regulatory decks and senior management committees
• Contributes to the analysis and preparation of reports for Internal Management, Regulators, Auditors, etc. that detail risks inherent in Credit, Market, Operational or other Risk Portfolios. Reporting can cover a variety of areas including but not limited to: portfolio concentrations, limit exceptions, stress testing, loss reserves or high-risk exposures.

Key Deliverables:

• RAF Monitoring

• Annual RAF

QUALIFICATIONS

Required

Education:

Bachelor’s degree in Business, Economics, or quantitative field

Preferred: Master’s degree in Business, Economics, or quantitative field preferred

Experience: 5+ years of work experience preferably for a financial institution

Skills:

Strong drive to deliver results in a fast-paced environment, including ability to work independently, prioritize workload, demonstrate attention to detail and meet deadlines. Ability to develop and perform Financial and Risk analysis that addresses concerns and issues, and ability to present them to management Strong interpersonal skills, ability to collaborate with stakeholders (internal and external) as well as willingness to take initiative, learn quickly and expand responsibilities rapidly Strong verbal and written communication skills, including ability to communicate concisely and clearly Advanced usage of Excel, SAS/SQL required, proficiency in PowerPoint, Word required, Essbase preferred.