Liquidity Regulatory Reporting Logic

Company: Citi
Location: Tarpon Springs
Posted on: January 20, 2023

Job Description:

Overview:The individual will work in the Global Liquidity Management (GLM) team within Citi's Treasury Global Function. The GLM team is responsible for establishing the framework for sizing liquidity requirements, including the internal stress testing framework and interpreting regulations in conjunction with other stakeholders within and outside Citi's Treasury function, providing liquidity oversight to Citi's global entities, and ensuring that Citi maintains adequate liquidity appropriately positioned to meet the Company's global needs both in normal market conditions as well as during periods of stress.The Liquidity Reporting Controllers team within GLM leads the Company's liquidity regulatory reporting oversight and initiatives as well as liquidity issues management. The team focuses primarily on the FR 2052a reporting and all related aspects including (1) development and maintenance of regulatory interpretations; (2) liquidity regulatory reporting implementation logic; (3) FR 2052a reporting oversight; (4) risk-based transaction testing; (5) liquidity data management including data requirements and issues management; and (6) control frameworks and policies/standards related to liquidity regulatory reporting.Scope of Liquidity Regulatory Reporting Implementation:Liquidity Regulatory Reporting Implementation manages the implementation of Citi's interpretations of the FR 2052a reporting requirements and underlying frameworks; creates and drives target state initiatives, projects, and programs; and represents Citi's liquidity regulatory reporting implementation efforts across multiple stakeholders, including Business, Risk, Functions, and Regulators. The group is a critical contributor in strategic projects supporting regulatory feedback and/or internal business developments and influence Citi's data infrastructure. To this end, we are seeking a strong Financial Services leader (preferably with experience from a major US Bank) with more than 8 years of experience in regulatory reporting or liquidity management cross-functional programs. Moreover, the preferred candidate will have:

• An understanding of liquidity regulatory reporting interpretations and best practices that are the foundation of the FR 2052a report
• Experience in Treasury, Controllers, Legal or a Business at a major financial institution
• Exposure to the changing nature of liquidity regulation and ability to implement the interpretation of regulations into liquidity systems and design solutions specific to liquidity regulatory reporting (e.g., FR 2052a)Key Responsibilities:
  • Responsible for the implementation of liquidity regulatory reporting interpretations including FR2052a
  • Contribute to the team responsible for detailed product-specific analysis to support interpretations calibration which will require strong collaboration and engagement with partners across Business, Controllers, Legal, Treasury and Risk functions
  • Participate in committee discussions and working groups that would review and approve implementation of liquidity regulatory interpretations
  • Make recommendations against liquidity regulatory reporting that may influence balance sheet and liquidity optimization across legal entities and businesses
  • Participate in the coordination and development of proofs of concept, including financial impact assessments, for liquidity regulatory reporting interpretation enhancements
  • Participate in the development of use cases to articulate new functional software needs and the roles of each class of application usage
  • Responsible for the documentation exercise of Business Requirements ("BRDs") for liquidity regulatory reporting system enhancements
  • Support the testing strategy standards including User Acceptance Testing ("UAT") reviews
  • Support the overall liquidity reporting change management process from data sourcing to report output, for both new reporting capabilities and existing capabilities undergoing enhancements
  • Implement the development of scalable solutions in anticipation of future regulatory reporting requirementsSpecialized Skills:The ideal candidate should have in depth knowledge of FR2052a reporting requirements, be eager to lead the work associated with implementing regulatory reporting interpretations, be a change-agent to effectively implement process improvements and help the team execute towards the target state. The candidate will need to have a solid working knowledge of regulatory reporting such as FR 2052a and liquidity concepts outlined in US Liquidity Coverage Ratio (LCR) and US Net Stable Funding Ratio (NSFR). Qualifications:
    • 8+ years of regulatory reporting or liquidity management leadership experience, preferably in Legal, Controllers, Treasury, or a Business with an understanding of liquidity-based metrics, regulatory reporting, analytics, and applicable regulations such as US LCR, US NSFR, and FR 2052a reporting
    • Experience in a transformation environment including process and technology change management
    • Ability to work in a high-energy environment leading teams with daily duties, and take ownership of and timely execute deliverables
    • Innovative self-starter with ability to thrive in a fast-paced environment
    • Team player with ability to work well with others, and able to collaborate across different levels and functions
    • Strong analytical, strategic, and problem-solving skills with attention to detail
    • Strong communication skills (written and verbal) including tact, diplomacy, and ability to influence other
    • Well-developed listening skills and ability to engage with senior leader at all levels
    • Minimum Bachelor's degree; MBA/advanced degree is a plus - Job Family Group: Finance - Job Family:Balance Sheet Management Time Type: Full time Primary Location: Long Island City New York United States Primary Location Salary Range: $164,310.00 - $246,460.00 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.Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .View the " EEO is the Law " poster. View the EEO is the Law Supplement .View the EEO Policy Statement .View the Pay Transparency Posting - Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

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