Svp- Loss Forecasting
3 weeks ago
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 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 $90BN + 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 key deliverables for Comprehensive Capital Analysis & Review (CCAR/DFAST) for NA Cards portfolios.
The individual should demonstrate strong leadership skills and is expected to leverage technical and business acumen and leadership skills in order to deliver high quality results. The individual will collaborate with Modeling, Finance, Risk Policy, Governance, Global CCAR office, and External Auditors.
**Key Responsibilities**:
- Reliably execute and demonstrate leadership on:
- Loss Forecasting, Loan loss reserve forecasting and stress testing processes (CCAR, QMMF, Recovery Plan) deliverables for one or more NA Cards 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
- Review and challenge 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
- 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
- Develop and grow the right talent and coach the team to deliver best in class analytics on projects under preview. Drive excellence in work
- 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
- Guide and mentor, the team on the above deliverables
- 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).
- 12+ years of work experience in financial services or management 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
- Strong leadership 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
**About Citi**
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries
-
Stress Testing/Loss Forecasting Model Oversight
2 months ago
Mumbai, India Citi Full timeResponsible for Consumer Retail Credit Loss Forecasting Models Oversight and Governance in Asia and European countries. With in-depth understanding of the model life cycle and model risk management, ensure compliance of applicable policies and regulatory requirements pertaining to model development, validation, usage and on-going performance...
-
Stress Testing/Loss Forecasting Model Oversight
2 months ago
mumbai, India Citi Full timeResponsible for Consumer Retail Credit Loss Forecasting Models Oversight and Governance in Asia and European countries. With in-depth understanding of the model life cycle and model risk management, ensure compliance of applicable policies and regulatory requirements pertaining to model development, validation, usage and on-going performance...
-
mumbai, India 12542 Citicorp Services India Private Limited Full timeResponsible for Consumer Retail Credit Loss Forecasting Models Oversight and Governance in Asia and European countries. With in-depth understanding of the model life cycle and model risk management, ensure compliance of applicable policies and regulatory requirements pertaining to model development, validation, usage and on-going performance...
-
Mumbai, India 12542 Citicorp Services India Private Limited Full timeResponsible for Consumer Retail Credit Loss Forecasting Models Oversight and Governance in Asia and European countries. With in-depth understanding of the model life cycle and model risk management, ensure compliance of applicable policies and regulatory requirements pertaining to model development, validation, usage and on-going performance...
-
Mumbai, India 12542 Citicorp Services India Private Limited Full timeResponsible for Consumer Retail Credit Loss Forecasting Models Oversight and Governance in Asia and European countries. With in-depth understanding of the model life cycle and model risk management, ensure compliance of applicable policies and regulatory requirements pertaining to model development, validation, usage and on-going performance...
-
SVP - Stress Loss Quantification- C14
2 weeks ago
mumbai, India Citi Full timeThe Model/Anlys/Valid Group Mgr is accountable for management of complex/critical/large professional disciplinary areas. Leads and directs a team of professionals. Requires a comprehensive understanding of multiple areas within a function and how they interact in order to achieve the objectives of the function. Applies in-depth understanding of the...
-
Avp- Risk Model Oversight and Management-c12
10 hours ago
Mumbai, Maharashtra, India Citi Full time**DESCRIPTION / RESPONSIBILITIES**: - Responsible for Consumer Retail Credit Loss Forecasting Models as well as decision models Oversight and Governance in Asia and European countries. - With in-depth understanding of the model life cycle and model risk management, ensure compliance of applicable policies and regulatory requirements pertaining to model...
-
Mumbai, India 12542 Citicorp Services India Private Limited Full timeDESCRIPTION / RESPONSIBILITIES: Responsible for Consumer Retail Credit Loss Forecasting Models as well as decision models Oversight and Governance in Asia and European countries. With in-depth understanding of the model life cycle and model risk management, ensure compliance of applicable policies and regulatory requirements pertaining to model...
-
Mumbai, India 12542 Citicorp Services India Private Limited Full timeDESCRIPTION / RESPONSIBILITIES: Responsible for Consumer Retail Credit Loss Forecasting Models as well as decision models Oversight and Governance in Asia and European countries. With in-depth understanding of the model life cycle and model risk management, ensure compliance of applicable policies and regulatory requirements pertaining to model...
-
AVP- Risk Model Oversight and Management-C12
2 days ago
Mumbai, India 12542 Citicorp Services India Private Limited Full timeDESCRIPTION / RESPONSIBILITIES: Responsible for Consumer Retail Credit Loss Forecasting Models as well as decision models Oversight and Governance in Asia and European countries. With in-depth understanding of the model life cycle and model risk management, ensure compliance of applicable policies and regulatory requirements pertaining to model...
-
Risk Model Oversight and Management Analyst II- C10
15 hours ago
mumbai, India 12542 Citicorp Services India Private Limited Full timeDESCRIPTION / RESPONSIBILITIES: Responsible for Consumer Retail Credit Loss Forecasting Models as well as decision models Oversight and Governance in Asia and European countries. With in-depth understanding of the model life cycle and model risk management, ensure compliance of applicable policies and regulatory requirements pertaining to model...
-
AVP- Risk Model Oversight and Management-C12
15 hours ago
mumbai, India 12542 Citicorp Services India Private Limited Full timeDESCRIPTION / RESPONSIBILITIES: Responsible for Consumer Retail Credit Loss Forecasting Models as well as decision models Oversight and Governance in Asia and European countries. With in-depth understanding of the model life cycle and model risk management, ensure compliance of applicable policies and regulatory requirements pertaining to model...
-
Risk Model Oversight and Management Manager-C11
15 hours ago
mumbai, India 12542 Citicorp Services India Private Limited Full timeDESCRIPTION / RESPONSIBILITIES: Responsible for Consumer Retail Credit Loss Forecasting Models as well as decision models Oversight and Governance in Asia and European countries. With in-depth understanding of the model life cycle and model risk management, ensure compliance of applicable policies and regulatory requirements pertaining to model...
-
Team Member-support Services-credit Industry
4 days ago
Mumbai, India Kotak Mahindra Full timeKotak Mahindra Bank looking to hire Team Member-Credit Risk Location: BKC, Mumbai - Credit Risk Analytics and Modelling - Analyse, model, validate and document various measures of Credit Risk for use in Expected Credit Loss and Capital computations. - Hands-on experience in building, implementing, documenting, monitoring, validating, refining models and...
-
Credit Risk Associate
3 weeks ago
Mumbai, India Citi Full timeThe Credit Risk Senior Analyst is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively...
-
Credit Risk Associate
3 weeks ago
mumbai, India Citi Full timeThe Credit Risk Senior Analyst is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively...
-
Accounts Assistant
1 month ago
Mumbai, India Kanakia Spaces Reality Pvt.Ltd. Full timeComplying with all company, local, state, and federal accounting and financial regulations. - Compiling, analyzing, and reporting financial data. - Creating periodic reports, such as balance sheets, profit & loss statements, etc. - Presenting data to managers, investors, and other entities. - Maintaining accurate financial records. - Performing audits and...
-
Business Finance
1 month ago
Mumbai, India Elevation Capital Full time**This role is with one of our portfolio companies.** **Role: Head of Business Finance** **Reporting to - Founders** **Location - Mumbai** **Responsibilities -** - Develop a financial plan and oversee financial budgeting and forecasting for the business - Manage business development activities according to financial plans to achieve profitability and...
-
Account Executive
4 weeks ago
Mumbai, India Wisecor Services Pvt Ltd Full timeManage all accounting transactions - Prepare budget forecasts - Publish financial statements in time - Handle monthly, quarterly and annual closings - Reconcile accounts payable and receivable - Ensure timely bank payments - Compute taxes and prepare tax returns - Manage balance sheets and profit/loss statement - Audit financial transactions and documents -...
-
Financial Analyst
7 days ago
Mumbai, India ACG World Full timeFunctionalPreparation & circulation of monthly financial reportsSales & average price realisation analysisPreparation / analysis of income & expenses scheduleAnnual BudgetingMonthly forecasting & analysis, variance analysisPlant and segmental reportingLeading financial review meetings at plant level.➢ Budgeting / Forecasting1. Maintain a tight control...
