The Capital Planning Review Group ( CPRG ) within Finance CRO is responsible for the independent review and challenge of Citigroup’s capital planning continuum, including actual and forecasted Risk Weighted Assets ( RWA ).
CPRG has created a new RWA Office to establish comprehensive, end-to-end oversight of the RWA actuals production process by the second line of defense (2LOD).
This is an essential function to achieve and maintain the requisite level of accuracy and reliability throughout the end-to-end RWA production process led by Capital Planning, the first line of defense (1LOD), within Citigroup Treasury.
Within the RWA Office, the RWA Review Team, headed by a Managing Director, is being established to expand and complete the scope of the 2LOD oversight of the RWA production process.
The Head of the RWA Controls Assessment and Testing Team will support the Head of the RWA Review Team by developing a detailed plan to implement comprehensive 2LOD oversight of the control environment for RWA actuals production consistent with Citi’s ongoing transformation efforts.
To execute the implementation plan, the Head of RWA Controls Assessment and Testing Team will be responsible for hiring and training a new team.
This senior role will play an integral part in implementing the plans necessary to achieve Citi’s transformation efforts over a multi-year timeframe.
The 2LOD RWA Controls Assessment and Testing Team will coordinate a review schedule with the 1LOD Capital Planning Quality Assurance ( CPQA ) team to design and implement a comprehensive controls testing framework through which Capital Planning and CPRG can gain confidence that the identified internal controls are performed at a level of quality that meets Citi’s standards and that any compensating measures are adequate.
The RWA Controls Assessment and Testing Team will perform independent review and challenge of controls testing work products prepared by CPQA and it will perform additional independent testing as it deems necessary.
In addition, the RWA Controls Assessment and Testing team will subsume RWA-related activities currently performed by Independent Compliance Risk Management (ICRM), including advanced systems verification responsibilities under Basel III section 122, and independent review and challenge of Operational Risk RWA.
This is a high visibility role that will provide significant exposure to senior management in Independent Risk Management, Finance and Business units.
The ability to work under pressure to meet tight deadlines and excellent interpersonal skills are required given the high level of interaction with senior management and banking regulators.
Reporting Structure and Responsibilities
The Head of the RWA Controls Assessment and Testing Team will be responsible for :
Job Family Group : Risk Management
Job Family :
Risk Analytics, Modeling, and Validation
Time Type : Full time
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