Loss Forecasting and Stress Testing Analytics

india, Uttar Pradesh, Noida

Full–time

Posted on: 5 days ago

As a member of the Loss / Loan Loss Reserve Forecasting and Stress Testing team at Citi Cards, you will play a crucial role in calculating and managing the net credit loss and loan loss reserve forecast on a $90BN+ portfolio. Your responsibilities will include collaborating with various teams to build forecasts for credit losses and loan loss reserves under different macro-economic and business conditions. Additionally, you will be involved in NA Cards efforts around Comprehensive Capital Analysis & Review (CCAR/DFAST) for NA Cards portfolios. Your leadership skills will be crucial in delivering high-quality results by leveraging technical and business acumen effectively. You will interact with multiple departments such as Modeling, Finance, Risk Policy, Governance, Global CCAR office, and External Auditors to ensure successful outcomes.
  • *Key Responsibilities:**
  • - Reliably execute and demonstrate leadership in quarterly loss / loan loss reserve forecasting and stress testing processes for one or more NA Cards portfolios
    - Engage in associated governance activities including Manager Control Assessment, End User Computing, and Activity Risk Control Monitoring
    - Collaborate cross-portfolio and cross-functionally on loss / loan loss reserve forecasting and stress testing analytics
    - Review and challenge existing models to identify areas of improvement
    - Partner with Finance team for financial planning & CCAR/DFAST results integration
    - Create presentations, storyboard results, and lead discussions with senior management
    - Establish standardized business and submission documentation
    - Coordinate with Global CCAR Office, drive centralized reporting requirements, and communicate with Auditors and Regulators
    - Identify areas of improvement in BAU and drive process efficiency through automation
    - Manage information controls to meet business objectives efficiently
  • *Qualifications:**
  • - Bachelors degree in a quantitative discipline (Masters degree is a plus)
    - 7-9 years of work experience in financial services or management consulting
    - Strong understanding of risk management and knowledge of credit card industry
    - Hands-on experience with econometric and empirical forecasting models
    - Strong CCAR / DFAST/Stress Testing experience preferred
    - Proficiency in analytical packages, SAS, datacube/Essbase, MS Office
    - Ability to provide innovative solutions and develop partnerships
    - Strong written and oral communication skills

    In addition to the above details, Citi is a leading global bank operating in more than 160 countries and jurisdictions, providing a wide range of financial products and services. As an equal opportunity employer, Citi values diversity and inclusion in its workforce.

    Should you require any accommodations during the application process, please review Accessibility at Citi for further information on how to proceed. As a member of the Loss / Loan Loss Reserve Forecasting and Stress Testing team at Citi Cards, you will play a crucial role in calculating and managing the net credit loss and loan loss reserve forecast on a $90BN+ portfolio. Your responsibilities will include collaborating with various teams to build forecasts for credit losses and loan loss reserves under different macro-economic and business conditions. Additionally, you will be involved in NA Cards efforts around Comprehensive Capital Analysis & Review (CCAR/DFAST) for NA Cards portfolios. Your leadership skills will be crucial in delivering high-quality results by leveraging technical and business acumen effectively. You will interact with multiple departments such as Modeling, Finance, Risk Policy, Governance, Global CCAR office, and External Auditors to ensure successful outcomes.
  • *Key Responsibilities:**
  • - Reliably execute and demonstrate leadership in quarterly loss / loan loss reserve forecasting and stress testing processes for one or more NA Cards portfolios
    - Engage in associated governance activities including Manager Control Assessment, End User Computing, and Activity Risk Control Monitoring
    - Collaborate cross-portfolio and cross-functionally on loss / loan loss reserve forecasting and stress testing analytics
    - Review and challenge existing models to identify areas of improvement
    - Partner with Finance team for financial planning & CCAR/DFAST results integration
    - Create presentations, storyboard results, and lead discussions with senior management
    - Establish standardized business and submission documentation
    - Coordinate with Global CCAR Office, drive centralized reporting requirements, and communicate with Auditors and Regulators
    - Identify areas of improvement in BAU and drive process efficiency through automation
    - Manage information controls to meet business objectives efficiently
  • *Qualifications:**
- Bachelors degree in a quantitative discipline (Masters degree is a plus)
- 7-9 years of work experience in financial services or management consulting
- Strong understanding of risk management and knowledge o