Location: Long Island City,NY, USA
The Director in Capital Remediation is a senior role within the Controllers Organization that will report to the Global Head of Capital Remediation. The individual will serve as an integral member of the Controllers Regulatory and Capital Remediation team.
The Director of Capital Remediation is responsible for driving remediation of critical issues relating to the completeness and accuracy of Citis actuals and spot RWA (Standardized and Advanced approaches), CET1 Capital and GSIB production and reporting. The individual will be responsible for executing on plans to remediate regulatory/auditor review findings including MRIAs and MRAs.
The individual will partner closely with the Regulatory and Capital Reporting Interpretative Office on interpretations issues identified in regulatory/auditor review findings. Will work with the relevant Data Leads and team to maintain and continue to enhance data quality throughout the end-to-end data lifecycle including issues identified with proxies etc. The role will also partner with various stakeholders including the Controllers Transformation team to ensure implementation of milestones, compensating measures and strategic remediation efforts required to address relevant Consent Order, MRIA and MRAs. Finally, the role will also be responsible for assisting the maintenance a robust governance and oversight framework that provides oversight over the remediation efforts.
To be successful in the role the candidate must have a comprehensive understanding of Regulatory capital rules, control frameworks, banking operations, and financial / regulatory reporting frameworks and be able to effectively work across several teams (Business, Treasury, Risk etc.,) and functions to execute on timely remediation while maintaining a robust controls environment and advancing process improvements with a sense of urgency.
Key Responsibilities
Qualifications:
Education:
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Job Family Group:
Finance------------------------------------------------------
Job Family:
Fin Solutions Dsgn & Implement------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
Long Island City New York United States------------------------------------------------------
Primary Location Full Time Salary Range:
$170,000.00 - $300,000.00In addition to salary, Citis offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
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Anticipated Posting Close Date:
Sep 30, 2024------------------------------------------------------
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