Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citi's Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all. The Head of Capital Risk Management and Review ("CRMR Head") reports directly to the Citibank NA ("CBNA") CRO, and has primary responsibility for the day-to-day second-line risk management activities of the CIAT and COBRA teams.
Establish strong and effective relationships with a network of key stakeholders, partnering with senior colleagues in Finance, Accounting Policy, Legal, Corporate Reporting and Risk Management (including Credit Risk, Market Risk, Convergence Risk and Quantitative Risk and Stress Testing ("QRS"))
Maintain strong and effective relationships with US and International regulators for Basel-related topics
Together with the Capital Planning and Recovery & Resolution Planning ("CPRRP) team, develop an effective process for analyzing and concluding on capital decisions
Serve as a key liaison with Internal Audit (IA) and external auditors on all significant Basel related issues
Collaborate in the ongoing maintenance of appropriate Basel-related capital policies
Develop and maintain a central repository for Basel related interpretations and review results
Through strategic and operational leadership, support the CBNA CRO on a wide spectrum of Risk management and governance activities related to Risk and Basel Capital
Participate in key capital-related forums, as required
Drive the Second Line of Defense Strategy in coordination with CPRRP as First Line
Develop appropriate staffing strategy for the new organization
Drive the second line participation in the interpretive process for Basel III Risk Weighted Asset ("RWA") measurement, providing effective and credible challenge to first line decisions for both the Standardized and Advanced Approaches
Together with QRS and first line partners, ensure that internal and regulatory capital treatment for new products and complex transactions are consistent and that differences are appropriately explained
Participate in New Product Approval processes as appropriate
Conduct independent reviews to provide assurance of compliance with the U.S. Basel III Final Rules
Through such reviews and in partnership with QRS, provide assurance that internal and regulatory capital treatment are consistent for Credit Risk and Market Risk, with differences appropriately explained, and that capital treatment is applied consistently on a global basis
Monitor and report on remediation of issues raised requiring a Corrective Action Plan
Unique visibility, cross-functional and cross-Risk experience and knowledge
Significant interaction with senior management
Direct involvement in a variety of critical RWA strategic projects across Citi
Strong understanding of the credit and market risk issues impacting regulatory and risk capital, as well as governance of the Basel capital process