VP, Credit & Portfolio Risk Manager – Risk Appetite & Loss Forecasting job – Citi – Wilmington, DE

VP, Credit & Portfolio Risk Manager – Risk Appetite & Loss Forecasting

Citi


9,880 reviews


Wilmington, DE

Primary Location: United States,Delaware,Wilmington

Education: Bachelor’s Degree

Job Function: Risk Management

Schedule: Full-time

Shift: Day Job

Employee Status: Regular

Travel Time: Yes, 10 % of the Time

Job ID: 17045919

Description

The Credit & Portfolio Risk Manager will be responsible for executing Citi’s Risk Appetite Framework and related duties meeting monthly deadlines for reporting to Risk Appetite Benchmarks. Responsibilities span monitoring overall portfolio performance, acquisitions and ECM program performance and a number of triggers that are early warnings to changes in risk profile. The role is responsible for working with teams in Global Risk, Marketing, Product, Decision Management and Finance to collaborate on setting Risk Appetite in a comprehensive manner that offers governance and controls, while facilitating profitable growth. VP also will work closely with the portfolio loss forecasting team on the acquisitions impact to the overall portfolio loss performance. Key Responsibilities The Credit and Portfolio Risk Manager’s responsibilities include: • Collaborate with Risk Modeling, Portfolio and New Account Forecasting teams as well as data and reporting teams. • Measuring acquisition campaigns against risk appetite framework to ensure they are within expected risk and return guardrails.

  • Work with business peers to determine the best ways to produce results needed to support RAF. Provide Risk Management the most recent updates that includes the latest actuals and key drivers to forecast risk profiles for Program / segment and channel •Provide quantitative support for internal audits (ARA, FCR and Balanced Scorecard) •Compose and develop RAF documentation for review with Brands & Global Risk Management. • Establish and continually update standardized business and submission documentation. • Partner with Risk organization to understand sources of data and continue to improve the process of defining, extracting and utilizing data. • Drive continuous improvement of information controls with organizations outside of Risk to meet business objectives. * Mentor new staff on existing processes and data sources * Automat existing processes and deliverables as much as possible * Perform ad-hoc analysis to answer senior leadership questions * Create presentations for analysis – clearly stating objectives, methodology and key findings • Forecasting credit losses for new account acquisitions based on RAF benchmarks.
  • Working with marketing, decision management and finance on the P&L’s for the acquisition investment decision.

Qualifications

  • Card experience with compiling data – SAS / Citi EDW •Strategic thinking coupled with ability to drive change end to end from concept to execution •Self-starter who proactively seeks ways to improve processes •Strong understanding of Risk Management and Financial Statements (P&L, Balance Sheet) •Ability to understand and work with complex data to formulate a view of the card business that can be actioned by management •Broad understanding of overall credit card business and key drivers of profit and loss •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 analytical, communication, and project management skills position also requires the ability to work with all levels within the organization to drive projects to completion. •Bachelor’s degree required in Economics, Mathematics, Engineering, Statistics, Operations Research, or a relative quantitative discipline. Leadership Competencies: • Ability to present to internal teams and peers in other groups • Flexibility to work well with varying personal styles • Ability to develop strong working relationships that foster cooperation and respect Key Collaboration Points: • Global Risk and Regional Risk • Close interactions with Risk policy areas, Risk IT, and other cross-functional teams • Experience in consumer lending business and/or risk management. Credit card experience is preferred but not required. • Ability to understand and work with complex data and financials to forecast performance of new business. This requires strong analytical, communication, and project management skills. The position also requires the ability to work with all levels within the organization to drive projects to completion. • SAS/SQL and understanding of data files and data manipulation. • Strong understanding of the Card financials/P&L and underlying drivers. • Bachelor’s degree required.


9,880 reviews

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