1 Capital Management jobs in Canada

Job Description

Individuals in the Enterprise Risk Management are entrusted with managing the diverse and collective impact of the bank's risks. This involves identifying and managing enterprise-level and cross-cutting risks, designing scenarios for stress tests, managing climate risk, and safeguarding against reputational risk. This role is integral to the overarching objectives of the bank, as it ensures the bank's operations are within defined risk appetite and helps maintain financial stability. The role provides a comprehensive view of risk management, enabling the bank to anticipate, assess, and mitigate potential risks, crucial for the bank's sustained growth and success.

Responsibilities :

• 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.
• Inspires people with a compelling and aspirational future vision; demonstrates optimism when leading the organization through challenges and uncertainty.
• Is an enthusiastic and early adopter of change; takes ownership for helping others see a better future and stay positive during uncertainty.
• Demonstrates and inspires curiosity in seeking new ways to overcome challenges; actively applies learning from failures.
• Challenges self and others to seek out and communicate alternative views even when unpopular; welcomes diverse ideas to improve outcomes.
• Acts as a change catalyst by identifying and helping others see where new ideas could benefit the organization.
• Proactively seeks to understand and act in alignment with organizational decisions; helps others prioritize team and enterprise success over their own personal agenda
• Focuses on highest-priority work aligned to business goals; helps others effectively manage competing priorities.
• Proactively identifies opportunities to streamline work; creates process improvements that enhance efficiency for self and the team.
• Takes personal accountability for escalating, identifying, and managing potential risk; implements controls that enhance the client experience and operational effectiveness.
• Anticipates problems and proactively identifies solutions that address the root causes and result in meaningful improvements.
• Sets high expectations and invests the necessary effort to deliver excellence and exceed performance goals.
• Role-models and helps others to do the right thing for clients and Citi in all situations, even when difficult
• Engages key stakeholders early and often and actively looks for opportunities to improve collaboration in achieving common goals.
• Proactively seeks out opportunities to volunteer in Citi programs that support the community; advocates for solutions that meet the needs of Citi’s clients and the community.
• Enthusiastically promotes the unique needs and preferences of colleagues; makes active commitment to help colleagues achieve balance, well-being, and development.
• Leverages varied networks to recruit diverse talent; advocates for colleagues with diverse skillsets, styles, and experiences to gain career opportunities.
• Empathetically listens and understands others’ positions before acting on issues; works to amplify voices that are minimized in the workplace
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of teams and create accountability with those who fail to maintain these standards

Qualifications :

• 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.
• Deep understanding of the regulatory and industry operating environment with the ability to apply this knowledge in practice.
• 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

Education :

Bachelor's/University degree, Master's degree preferred

This candidate will be leading Citi's capital stress loss limit framework and working closely with stakeholders across Finance, Risk Analytics, Businesses and other Risk Categories to continue driving enhancement and adoption of this limit framework.

Key responsibilities include:

• Enhance capital-based stress loss (CBSL) limit framework and better alignment annual CBSL limit update with annual Capital Plan and Operating Plan process
• Continue to enhance CBSL limit calibration methodology and CBSL limit management procedure, for both Citigroup and CBNA
• Simplify CBSL limit harmonization guideline and methodology to businesses and products, and better connect CBSL limits with BAU risk management limits
• Enhance and execute quarterly CBSL usage forecast and capacity review process, in conjunction with the firm’s QMMF process
• Partner with Finance/Business/Risk stakeholders to streamline the interdependency between the firm’s QMMF/GSST scenario update with CBSL limit update
• Drive analytical capability enhancements with relevant analytical teams to better manage changes in CBSL limit usages, both ex-ante and ex-post

Qualifications :

• Familiarity or prior experience with stress limit framework in limit calibration, business limit allocation, alignment with capital planning and business plan, etc. 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, etc.
• Knowledgeable about stress testing models/methodologies, stress scenarios, and stress testing analytics/infrastructure and their use in limit setting

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