APAC regional coverage role for the global Regulatory Capital Interpretation and Analysis Team ( CIAT ) within CBNA Risk Management, which covers Basel III RWA and regulatory capital policy for Citigroup firm-wide.
This is a highly transactional position and the individual will lead the evaluation of proposed financing and derivatives transactions to provide guidance on the proper regulatory capital treatment and RWA impact in connection with the new transaction structuring and approval processes
The transactions reviewed by CIAT are complex and a strong knowledge in identifying risks is required. The analyses typically include reviewing legal documents, risk approval memos, risk rating methodologies and financial accounting treatment.
Frequent interaction with Line Risk Senior Management, the Business and the NY CIAT senior team members during the transaction approval processes.
Representative to the New Product Approval Committee (NPAC) in APAC region
Member of the Basel III Interpretive Committee, whose primary purpose is to provide a forum to present and opine on the RWA treatment of highly complex and capital intensive transactions.
CIAT works closely with COBRA, Finance-COI, RWA GPO, Accounting Policy, Legal, Line Risk and ICG Financial Resource Management teams to formulate regulatory capital policy and insure consistency in RWA reporting.
Developmental Value :
CIAT is a corporate-wide control function which will provide candidates a view across the entire Citigroup organization globally.
CIAT’s scope of coverage includes trading book products as well as banking products to both retail and wholesale clients.
Individual will become proficient in understanding risk within various products and structures, identifying the economic substance of transactions, and applying the Basel regulatory capital rules to determine the RWA impact.
This learning will occur over time through active participation in live transaction analysis.
Individual will have frequent exposure to senior leaders in the business units, risk management and other control functions.
Job Requirements :
Excellent academic record preferably in finance or accounting.
Minimum Bachelor’s level qualification with 7+ years of work experience in the financial industry
Initially, the individual must have a basic knowledge of Basel III credit risk and market risk concepts and related RWA calculations.
Over time, the individual must become proficient in the US Basel III rules and Citi policies.
Experience in Risk Management (Credit or Market Risk) is preferred (including knowledge of Citi’s organizational structure and risk policies).
Understanding of the underwriting, structuring, pricing and syndication and hedging of bank financing products, as well as risk management practices, is preferred
Excellent communication skills are required. Be able to decompose complex concepts into simple concepts and clearly articulate them to a broader audience.
Be organized, disciplined and detail-oriented.
A highly motivated, self-starter who can operate both independently and as a member of a global team.
Keen interest in banking and finance, especially in the field of risk and capital management.
Yes, 10 % of the Time