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Treasury 3PS-Capital Planning

Company: Citi
Location: Tonawanda
Posted on: January 26, 2023

Job Description:

The Capital Planning Group within Citi Treasury is responsible for all aspects of capital analysis, forecasting, and planning for Citi, providing programmatic leadership for the firm's capital ratios; Risk Weighted Assets (RWA); Comprehensive Capital Analysis and Review (CCAR); and Recovery & Resolution Planning (RRP). In achieving these objectives, the Capital Planning Group partners with colleagues across Finance, Risk Management, the businesses, and other corporate functions to ensure capital measures are compliant with Basel and other regulatory guidelines, forecasts are reliable and actionable, capital is utilized efficiently, and the regulatory plans that are outputs of these activities demonstrate the strength of our capital planning framework and associated governance. The organization spans the full capital planning continuum, with the Head of Capital Planning reporting to the Citi Treasurer.

Capital Planning Group - Business Function Descriptions:

Capital Planning Verticals

Basel Interpretative Office and Regulatory Capital Planning (New York):

  • Strategic Capital initiatives, including driving regulatory advocacy on capital related matters and providing strategic insight into the Capital Policy
  • Basel Interpretive Office performs first line of defense (LoD) for Basel related matters, including determining the appropriate RWA treatment in accordance to Basel regulatory capital rules
  • Resolution capital management, including methodology and metrics
    RWA Integrity (New York and Tampa):
    • Responsible for RWA Actuals for Citigroup and CBNA Legal Vehicles across risk stripes
      • Ensure integrity of front-to-back process at a Basel exposure type level. Develop analytics for first LoD and second LoD reviews. Owns and attests to the completeness, accuracy, and timeliness of RWA.
      • Ensures RWA Actuals calculations per the U.S. Basel III rules: Wholesale, Retail, Derivatives, Secured Financing Transactions (SFT), Equity, Market Risk and Securitization.
      • Define, develop and RWA analytics (i.e., attribution analysis) to ensure the capital calculations adequately considers the Bank's size, complexity, and overall risk profile.
      • Develop expertise in U.S. Basel III rules and related regulatory developments for incorporating changes to RWA Regulatory Reporting as appropriate Capital Forecasting & Analysis (New York and Tampa):
        • Responsible for estimating projected capital measures in both business-as-usual and stress environments (CCAR/DFAST), which is then used in business strategy, including:
          • Capital Return Actions: Share Repurchases and Dividends
          • Extension of credit or the amount of Trading Book exposures that can be accommodated
            • Following activities / management information are performed by this unit which facilitates the discussions on business strategy:
              • Measurement / adherence to Capital Goals, in partnership with the Capital Management organization
              • RWA Forecasting of the following RWA Risk Stripes: Wholesale, Retail, Derivatives, Secured Financing Transactions (SFT), Equity, Market Risk and Securitization.
              • Forecast capital ratios for both Citigroup and CBNA (e.g., CET1, Tier 1 and Total Capital)
              • Develop and understanding of regulatory developments and incorporate the methodology changes into the forecast when relevant CCAR/DFAST Execution (New York):

                Responsible for overseeing and coordinating the activities of all work streams for CCAR/DFAST:
                • Communicate regulatory guidance and expectations
                • Coordinate end-to-end CCAR/DFAST execution, including the CCAR/DFAST capital adequacy assessment, ongoing remediation, and off-cycle capital adequacy assessments with CCAR workstreams, by participating in ongoing Capital Planning Group and/or workstream-specific senior governance group meetings
                • Monitor adherence to relevant Capital Planning Standards and procedures
                • In cooperation with relevant stakeholders and contributors, draft the Capital Plan
                • Facilitate review, challenge and approvals from Senior Management and the Board, as required by the Capital Planning Standards
                • Coordinate the CCAR/DFAST examination, and escalate emerging issues as needed

                  Recovery & Resolution Planning (RRP) (New York):
                  • Responsible for executing the recovery and resolution planning strategies in coordination with key stakeholders through development, execution, and submission of the Citigroup and CBNA Recovery and Resolution Plans, pursuant to supervisory rules and guidance, as follows:
                    • Serve as the central point of contact within the firm for understanding and interpreting RRP-related regulatory rules and guidance
                    • Establish and socialize Citi's approach to address RRP-related regulatory rules and guidance across the organization
                    • Establish and execute the Material Legal Entity (MLE) / Core Business Line (CBL) / Critical Operations (CO) designation process for Citi, globally
                    • Develop hypothetical recovery scenarios for the Citigroup and CBNA Recovery Plans
                    • Establish clean funding lines to deliver the required capital and liquidity to Operating MLEs
                    • Drive alignment of Citi's US Recovery and Resolution Plans with international Recovery and Resolution Plans mandated by local jurisdiction supervisory authorities
                    • Monitor and manage the resolution capital metrics (RCAP and RCEN) framework and reporting
                      Capital Planning Horizontals

                      Regulatory Engagement and Finance Office (New York):

                      Serves as the central point of contact for regulatory communications in Capital Planning. Manages internal communications to Citi senior management and the Board, and manages financial metrics including budgeting and staff resources.

                      Capital Planning Governance & Controls (New York and Tampa):
                      • Responsible for developing and enhancing governance processes to improve efficiency, transparency, and control, as well as, ensure alignment with Citi standards and compliance with key regulatory requirements.
                      • Partnering with key stakeholders across Citi to oversee the submission of the CCAR and RRP annual plans as well as the successful execution of Basel regulatory changes
                      • Engaging with various groups across Citi to drive risk reduction efforts and report on a comprehensive inventory of issues impacting Capital Planning
                      • Partnering with internal Capital Planning stakeholders to ensure the appropriate risk and controls are governed across our various functions Capital Planning Quality Assurance (New York and Tampa):
                        • Dedicated Quality Assurance function that articulates how and why Citi can take confidence in the outputs of its capital planning processes
                        • Maintains the requisite level of transparency and accountability throughout the end-to-end capital planning processes, which over time must be harmonized between all points of the stress continuum, from BAU (including spot RWA) to stress (CCAR) to severe stress (Recovery), to the ultimate resolution of the firm
                        • Responsible for two key aspects of capital planning: Understanding, contextualizing, aggregating, synthesizing, and reporting the key Assumptions, material model Limitations and Weaknesses (collectively, ALWs) across Citi's capital planning processes, with a specific and immediate focus on spot RWA and CCAR; and

                          Ensuring sufficient quality assurance and other compensating controls are in place to effectively mitigate the impact of any such key Limitations and Weaknesses

                          Capital Planning Global Process Owner (GPO) (New York and Tampa):
                          • Executes all Capital Planning technology programs & initiatives (major new builds, automation, and systemic capabilities) in partnership with Capital Planning disciplines, Finance, and other partners
                          • Drives centralized change of strategic infrastructure for Capital Planning and related Consent Order/MRAs/MRIAs and develops the necessary Annual IT Budget Plan as required for the same
                          • Partners with Capital Planning verticals on action plans and programs to strengthen RWA integrity, Capital forecasting, CCAR and RRP and to implement/gain firm's compliance in systems on new regulations
                          • Delivers sustainable systemic solutions in alignment with Finance Transformation and other firm-wide initiatives as related to Capital Planning
                            • Performing in-depth analyses and enabling problem solving within respective Capital Planning business function
                            • Working with large data-sets and translating into presentations for management consumption
                            • Supporting Capital Planning management to "tell the story" as to how and why Citi can take confidence in its processes and outputs, and how those processes can improve over time
                            • Delivering thought leadership and supporting the implementation of changes necessary to enhance Citi's capital planning processes and satisfy evolving regulatory developments, including but not limited to criticisms articulated in the recent Consent Orders
                            • Enabling continuous improvements by partnering with leads and senior stakeholders to proactively design solutions for identified weaknesses or gaps, in order to mitigate risk
                            • Developing a strong working relationship across the organization in support of their individual responsibilities and in support of a holistic framework in which the firm executes its collective capital planning responsibilities . click apply for full job details

Keywords: Citi, Tonawanda , Treasury 3PS-Capital Planning, Accounting, Auditing , Tonawanda, New York

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