Website Citi Bank
Job description
Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.
Shape your Career with Citi
Citi’s Risk Management organization oversees Citi’s risk governance framework and risk appetite, ensures all risks generated by the firm’s businesses are measured, reviewed, and monitored on an ongoing basis.
We’re currently looking for a high caliber professional to join our team as Officer, Country Risk Specialist – Hybrid. (Internal Job Title: Officer – C09.) based in Colombo, Sri Lanka. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
• Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
• We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
• We empower our employees to manage their financial well-being and help them plan for the future.
• Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
• We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
• We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.
In this role, you’re expected to
The Country Risk Analyst I is a trainee professional role. Requires a good knowledge of the range of processes, procedures and systems to be used in carrying out assigned tasks and a basic understanding of the underlying concepts and principles upon which the job is based. Good understanding of how the team interacts with others in accomplishing the objectives of the area. Makes evaluative judgements based on the analysis of factual information. They are expected to resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents. Must be able to exchange information in a concise and logical way as well as be sensitive to audience diversity. Limited but direct impact on the business through the quality of the tasks/services provided. Impact of the job holder is restricted to own job.
Responsibilities:
• ICAAP preparation related : Verification of the portfolio data and other information for ICAAP stress loss and concentration models, verify the model outputs, coordinate with regional ICAAP team for Scenario and MEV forecasts, collate the required information from other departments for reputational and strategic risk assessments, coordinate with Finance, CAO and other business teams for necessary inputs. Coordinate for necessary 2LOD ICAAP governance i.e. approvals from RMCO, CFO, CCO, ICAAP Steering Committee, IRMC and CCC
• Managing IFRS9 submissions to regulator: Prepare IFRS9 monthly workings, exposure reconciliation, variance analysis, Prepare the working of expected loss scalar, prepare templates for staging adjustments, input data for regulatory submission, facilitate ad hoc information requests from regulator, review of local SLFRS9 procedure document etc.
• Model Risk Management : Provide all necessary information for validation , ongoing monitoring and model change processes for local models and coordinate with MRM validators for necessary model related workflows & approvals.
• MCA- Perform testing and the required MCA system updates for new EMPs, SMPs or local ARCMs. Assist RMCO MCA ARA
• Coordinate Sri Lanka RMC meetings quarterly and maintain the governance committee requirements as per the Citi governance policy. Perform functions as the secretary to RMC, prepare agenda, circulate the relevant documents (agenda, minutes, summary of key metrics) with the members.
• Involvement in regulatory reporting activities: Check the report accuracy, input regulatory returns in local regulatory systems, submit returns to the regulator, review procedure documents, maintain Atlas inventory, initiate monthly reg submission workflows for RMCO approvals and , involve in regulatory reports automation, validating the UAT results.
• Handle system related functions of record management, administrative functions in EUC system in relation to periodic reviews and periodic risk assessment, iCAPs and Issue coordination,
• Function as the AU reg coverage lead in Regulatory Change management for applicability review, impact assessment and action plans.
• Assist RMCO & RSCO for portfolio management tasks, preparation of portfolio review decks for CCC and IRMC, annual disclosures, review of Risk Appetite Statement and Risk Management Framework, functions related to Inter-affiliate services.
As a successful candidate, you’d ideally have the following skills and exposure:
Qualifications:
• Previous experience preferred
• Knowledge and understanding of Accounting and Financial Concepts; Financial analysis
• High attention to detail and analytical abilities
• Ability to work within tight deadlines. Ability to work in a team environment. Ability to work autonomously.
• Proficient in Microsoft office especially excel.
• Excellent communication skills.
• *** Internal employees at same job level or one job level below C08 are qualified to apply for the role
Education:
• Bachelor’s/University degree or equivalent experience
Working at Citi is far more than just a job. A career with us means joining a family 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.
Take the next step in your career, apply for this role at Citi today
https://jobs.citi.com/dei
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