Avp- CCAR / QMMF: Stress Testing, Forecasting, Citi

Citi

Location:
India, Mumbai ▼
Gurgaon

Category:
Finance

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

The role is within the Loss / Loan Loss Reserve Forecasting and Stress Testing team tasked with calculating and managing the net credit loss and loan loss reserve forecast on a $90BN+ portfolio, working with Finance teams to build forecasts under varying macro-economic and business conditions. Responsibilities include executing forecasting processes, collaborating across various teams, driving process efficiencies through automation, and ensuring governance and documentation best practices.

Job Responsibility:

Quarterly loss / loan loss reserve forecasting and stress testing processes (CCAR, QMMF, Recovery Plan) deliverables for one or more NA Cards portfolios
Associated governance activities (Manager Control Assessment, End User Computing, Activity Risk Control Monitoring and its Assessment Units)
Cross-portfolio and cross-functional collaboration on loss / loan loss reserve forecasting and stress testing analytics
Review and challenge existing models, and model outputs to identify areas of improvement relative to portfolio & macro-economic trends
Understand the calculation of reserves, components of P&L, and the impact of CECL on CCAR results
Partner with Finance team to complete requests on financial planning & CCAR/DFAST results
Collaborate with Risk Modeling, Portfolio and New Account Forecasting, Data and Reporting teams
Create presentations with supportive analysis, storyboard results, and lead discussions with senior management, Finance heads, Independent Risk
Establish and continually evolve standardized business and submission documentation
Coordinate with Global CCAR Office, drive centralized reporting requirements, and communicate with Auditors and Regulators
Partner with Risk and Finance organization to understand sources of data
Identify areas of improvement in BAU and drive process efficiency through process simplification and automation (VBA, SAS, etc.)
Manage information controls to meet business objectives with clarity.

Requirements:

Bachelor’s degree in a quantitative discipline: Mathematics, Sciences, Economics, Management, Operations Research, Engineering and Statistics
8+ years of work experience in financial services or management consulting
Strong understanding of risk management
Knowledge of credit card industry and key regulatory activities (CCAR) are a plus
Strong understanding and hands-on experience with econometric and empirical forecasting models
Strong CCAR / DFAST/Stress Testing experience is preferred
Broad understanding of overall business model and key drivers of P&L
5+ years of experience in using analytical packages, SAS, datacube/Essbase, MS Office (Excel, Powerpoint)
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.

Nice to have:

Knowledge of credit card industry and key regulatory activities (CCAR)
Vision and ability to provide innovative solutions to core business practices.

What we offer:

Best-in-class benefits
Positive work environment
Opportunities for personal responsibility and leadership
Diversity and inclusion initiatives.

Additional Information:

Job Posted:
May 22, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Avp- CCAR / QMMF: Stress Testing, Forecasting