Citigroup CCAR PPNR - SVP, FP&A Senior Lead Analyst in New York, New York
This Corporate Financial Planning & Analysis role provides support, analysis, and insight for the CCAR Stress Testing process at Citi. The role works in a team that interacts closely with each business unit in Citi to create and model financial results and projections for each line of business. Through this analysis, the team facilitates the stress testing projections, which are used for the regulatory Comprehensive Capital Analysis and Review process (CCAR). Deliverables include, but are not limited to, semi-annual forecasts and downside scenario generation, analytics of P&L and balance sheet components, review of forecasting methodologies, Y14A Federal Reserve templates, ad-hoc analysis and presentations for regulators, Board of Directors, Operating Committee and senior stakeholders. The work involves a mix of analytics, forecasting governance, and project/process improvement work as part of the through an annual cycles. A critical component of the role is to provide Independent Review and Challenge of the CCAR results and process, including analytics and results to the PPNR Senior Governance Group.
Develop challenger approaches/models to be used along with PPNR champion models on a product/segment level for triangulation/benchmarking
Execute rigorous Review and Challenge of all CCAR activities, including overlays, workstream adjustments, final model results and qualitative modeling approaches/expert judgment; review and challenge of overlays is a key focus given recent regulatory feedback
Evaluate model limitations and applied overlays; partner with Model Development team to carry out post-cycle remediation actions considering feasibility and system implementation aspects
Execute Review and Challenge of PPNR key assumptions and analysis of key sensitivities in preparation for submission to senior management and the Board
Coordinate FP&A activities for CCAR, including liaising with global Finance business units, Risk and Treasury; the ability to build partnerships is very important
Develop analytics and analytical tools to help drive understanding of key results by the businesses and senior management, as well as to support the review and challenge execution
Develop presentations and analysis of review and challenge activities/results to PPNR Senior Governance Group
Support resolution of Fed questions/variance analysis, develop and review Fed materials
Support external and internal audits of the PPNR process and results
Change agent mentality and ability to work as part of a broader team are very important; identifying gaps and streamlining processes are primary elements of the role
Be a very quick learner, ready to dive in to details, gain good business knowledge of all Citi businesses, and become a PPNR expert/ go-to leader
Minimum of 8+ years of relevant finance/business/accounting/statistical experience in financial services
Degree in Economics, Finance, Accounting or related discipline
Financial product knowledge, particularly in Markets and Banking area is preferred
Good working knowledge of RUBY system is a plus.
Good working knowledge of Excel VBA, SAS is a plus.
Ability to translate complex financial schedules into meaningful analysis and presentations
Demonstrated analytical skills, including the ability to synthesize quantitative and qualitative data to draw conclusions and assist with decision making
Strong interpersonal skills, with a balance of assertiveness and discretion to be a credible and sought after resource
Flexibility to be effective and persuasive with all levels of management
Ability to build key cross-functional and cross-business relationships
Change agent mentality to drive for process enhancements and simplification; demonstrated ability to lead projects
Bachelor’s degree/University degree in Finance, Statistics or related degree
Master’s degree preferred
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Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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