Overview: Capital Planning includes multi-year model driven forecasting and reporting of key financial statements including Income, Balance Sheet, and Regulatory Capital. Financials forecasting is performed under a range of economic scenarios and assumptions and is performed on a quarterly basis for regulatory requirements (CCAR - Comprehensive Capital Analysis and Review) and internal business management (QMMF - Quarterly Multi-year Multi-scenario Forecasting). The role provides technology supports for three elements of CCAR/QMMF. This is an extremely Hands-on role and strong programming background with financial models and data tooling is a must-have.
Aggregation: A central aggregation and reporting engine is used for the collation of key financial forecasting results. The IT application is designed to align to business-as-usual reporting taxonomies across the firm, while also supporting the specific needs for CCAR (Comprehensive Capital Analysis and Review) and QMMF (quarterly multi-year multi-scenario forecasting). This includes aligning to regulatory reporting taxonomies, reporting for internal management review, governance in execution cycles. The role will provide ongoing support for this technology application.
Capital Forecasting: Specific financial forecasting is performed for Capital Forecasting, resulting in forecasted Capital Ratios (per CCAR requirements) and additional reporting of underlying Capital composition and Capital constraints. Forecasting methodologies are based on Basel rules for Regulatory Capital and CCAR regulatory guidance. Calculations are being strategically implemented in an IT application to allow for an efficient, controlled, and repeatable execution of the process. The role will provide ongoing support for this technology functionality.
Assumptions Management: For CCAR (Comprehensive Capital Analysis and Review) and QMMF (quarterly multi-year multi-scenario forecasting) financial forecasting, regulatory guidance SR 15-18 requires the quantitative evaluation of model uncertainty. A subcomponent is the analysis of model uncertainty driven by business assumptions within models. The approach of the analysis is to centrally collate an inventory of all key business assumption and calculate estimated impacts of the uncertainty range on the final forecasted Capital Ratios. A strategic IT solution is being implemented for the performance of this process and calculations, to allow for an efficient, controlled, and repeatable execution. The role will provide ongoing support for this technology functionality.
Qualifications:
- 10+ years of relevant experience
- Experience in applications development using Java, Starburst, Oracle, Hadoop
- Hands-on programmer
- Financial services exp a must
- Experience in managing team
- Experience managing global technology teams
- Working knowledge of industry practices and standards
- Consistently demonstrates clear and concise written and verbal communication
Additional Qualifications: Preferred but not required
· Knowledge of CCAR / Stress Testing
· Knowledge of Capital Planning, including Capital Ratios
· Knowledge of basic financial reporting for investment backs (income statements and balance sheet statements)
· Conceptual knowledge of financial modelling and assumptions sensitivity analysis
Education:
· Bachelor’s degree/University degree or equivalent experience
· Master’s degree preferred
Education:
- Bachelor’s degree/University degree or equivalent experience
- Master’s degree preferred
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Job Family Group:
Technology
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Job Family:
Applications Development
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Time Type:
Full time
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Primary Location:
Tampa Florida United States
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Primary Location Full Time Salary Range:
$141,440.00 - $212,160.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
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Anticipated Posting Close Date:
Oct 30, 2024
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Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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What We Do
Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. We are Citi, the global bank – an institution connecting millions of people across hundreds of countries and cities.
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