Job Description

Y14A Forecast Reporting SVP


Citigroup's Capital Planning organization is responsible for the firm's capital planning activities across the full range of operating environments, from business-as-usual conditions, through stress, recovery and resolution (the Capital Planning continuum). These activities are essential to determining Citi's target capital levels, dividends and share buybacks, level of Risk Weighted Assets and reported capital ratios.


The Capital Planning team coordinates the multi-year, multi-scenario forecasting exercise conducted on a quarterly basis and aggregates the forecasting results for internal reporting and for annual CCAR/DFAST submission to regulators using Y-14A forms.


The Y-14A Forecast Reporting SVP will be responsible for managing the annual production process of the Y-14A reports as well as the submission to the regulatory agencies. The SVP will also be responsible for defining and documenting the reporting process and the associated controls and specifying enhancements to the regulatory reporting system, and overseeing "dry runs" to produce the Y14A reports.


The role will provide exposure to senior management, and will partner extensively with colleagues across Finance, Risk Management, Technology, and Internal Audit. Ability to work under pressure to meet tight deadlines and excellent interpersonal skills are required given the high level of interaction with several stakeholders throughout the firm. Additionally, the role requires a control mindset, strong project leadership and excellent communication skills.


Production Responsibilities

Manage the annual production of the Y-14A reports and the submission to the Federal Reserve and OCC in accordance with Capital Planning's policies and procedures Manage the production process for Y-14A bespoke submissions (technical re-submissions, ad hoc requests from regulators, post notifications, etc.) Coordinate and track the submission of data by the forecasting workstreams to the regulatory reporting system (Insight) Execute first line of defense controls including edit checks to ensure completeness and accuracy of reported information and work with the forecasting workstreams to resolve issues Document reporting assumptions/decisions and control results

Continuous Improvement Responsibilities

Identify areas for improvement in the Y-14A reporting process and associated controls, including automation opportunities, and lead the implementation of remediation actions Collaborate with Technology to specify enhancements to the regulatory reporting system (Insight) or to upstream systems feeding Insight, define User Acceptance Testing (UAT) test cases and participate in the testing of system enhancements Enhance policies and procedures for the reporting process Collaborate with Internal Audit during audit reviews of the reporting process and own the remediation of audit findings.

More broadly, the role requires an in-depth understanding of how own sub-function contributes to achieving the objectives of the function. A good understanding of the industry, direct competitors' products and services, is also necessary in order to contribute to the commercial objectives of the business. Requires thorough understanding of strategic direction of Capital Planning, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary. Responsible for executing functional strategy in area managed. Determines approach to implementing functional strategy. Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of the area(s).



Qualifications:

15+ years' proven experience in financial services in Regulatory Reporting, Financial Control, Capital Stress Testing or similar function Knowledge of data analytics, e.g., KNIME, and coding languages, e.g., Python, SQL, etc. Knowledge of CCAR/DFAST requirements as well as Y-14A reporting requirements Strong knowledge of financial reporting (Balance Sheet and P&L) Good understanding of Regulatory Capital In-depth knowledge of quality control procedures in a regulatory reporting environment Strong attention to details, project management and leadership skills Excellent communication and presentation skills In depth knowledge of banking products/systems and how own sub-function contributes to achieving the objectives of the function. Extensive knowledge of the industry, direct competitors' products and services, is also necessary in order to contribute to the commercial goals of the business. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary. Frequently involved with a variety of broad based and complex issues requiring conceptual thinking.

Education:

Bachelors degree, potentially Masters degree and managerial experience

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Job Family Group:


Finance
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Job Family:

Capital Planning and Management
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Time Type:


Full time
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Most Relevant Skills


Business Acumen, Capital Planning and Management, Data Analysis, Financial Modeling, Internal Controls, Management Reporting, Problem Solving, Process Execution, Risk Identification and Assessment.
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Other Relevant Skills


For complementary skills, please see above and/or contact the recruiter.
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