Head of Capital Stress Testing Limits, Citi

Citi

Location:
Canada, Mississauga

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

Individuals in the Enterprise Risk Management team handle the comprehensive and collective impact of the bank's risks. The role involves responsibilities like managing risk appetite, ensuring regulatory compliance, and delivering enhancements to capital-based stress loss limit framework. Key attributes include exceptional leadership, strong regulatory knowledge, and the ability to lead high-profile programs.

Job Responsibility:

Establish firm-wide standards for Concentration, risk appetite and limits, acting as a subject matter expert
Set standards for risk appetite and limits across all business functions, countries, and legal entities in the firm, while ensuring their alignment with LOD responsibilities
Align risk appetite and limits with firm-wide processes such as capital planning, strategic planning, risk identification, and stress testing, providing constant oversight and review
Cascade enterprise risk appetite and limits deeper into the organization, challenging any inconsistencies and potential risks
Responsible for managing the end-to-end limit management lifecycle, including setting, calibration, approval, breach identification, and remediation, ensuring their compliance with LOD responsibilities
Utilize extensive knowledge of the regulatory and industry operating environment to inform the design of leading risk management practices and governance mechanisms
Engage senior management to socialize program enhancements, attend senior-level risk committees to advance the implementation of these enhancements while consistently reviewing and challenging their effectiveness
Manage existing processes, program enhancements, and various high-profile, ad hoc projects
Support regulatory and audit reviews at various locations, maintaining the responsibility to oversee, challenge, and review their findings and compliance with LOD responsibilities
Inspire people with a compelling and aspirational future vision
Demonstrate optimism when leading the organization through challenges and uncertainty
Act as a change catalyst by identifying and helping others see where new ideas could benefit the organization
Handle quarterly CBSL usage forecast and capacity review process, simplifying CBSL harmonization guidelines
Collaborate with Finance/Business/Risk stakeholders to streamline CBSL updates with key organizational processes
Drive analytical enhancements to better manage CBSL changes
Partner closely with stakeholders across Finance, Risk Analytics, Businesses, and other Risk Categories to drive improvement and execution of the CBSL workflow.

Requirements:

15+ years of experience
In-depth understanding of risk governance programs and processes
Expertise in setting standards for risk appetite and limits across diverse business functions, countries, and legal entities
Experience in managing end-to-end limit management lifecycle, including setting, calibration, approval, breach identification, and remediation
Deep understanding of the regulatory and industry operating environment, with the ability to apply this knowledge to the design of risk management practices and governance mechanisms
Experience in engaging senior management and attending senior-level risk committees
Proven experience in leading and developing high-performing, diverse teams
History of supporting regulatory and audit reviews at various locations
Exceptional leadership and management skills to lead risk governance programs and processes
Exceptional understanding and knowledge of setting and enforcing firm-wide standards for risk appetite and limits
Effective project management skills to manage the end-to-end limit management lifecycle
Excellent communication and interpersonal skills to engage senior management and attend senior-level risk committees
Detail-oriented with a focus on accuracy and quality
Strong decision-making skills, with a focus on risk-considered business decisions
Ability to work under pressure and meet deadlines
High ethical standards and professionalism, with the ability to support regulatory and audit reviews
Proficiency in using relevant software and tools for risk management
Familiarity or prior experience with stress limit framework in limit calibration, business limit allocation, alignment with capital planning and business plan aspects
Familiarity with Strategic/Operating Planning and Capital Planning process and methodologies
Familiarity with capital management concepts such as Tangible Common Equity (TCE), RWA allocation, Return on TCE
Knowledgeable about stress testing models/methodologies, stress scenarios, and stress testing analytics/infrastructure and their use in limit setting.

Additional Information:

Job Posted:
June 24, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Head of Capital Stress Testing Limits