Citi is seeking a bank regulatory professional with extensive knowledge and experience in CRA with the ability to work in a fast-paced and evolving regulatory environment as a member of the Community Reinvestment Act (CRA) Regulatory Group (CRA Group), which is responsible for managing Citis CRA program.
The CRA Regulatory Group resides within Enterprise Services and Public Affairs (ESPA), which seeks to enhance and protect the reputation of Citi, its business, and the brand across the world through direct and indirect communications with Citis various stakeholders. The CRA Group oversees Citi's CRA program, its governance structure, CRA-related examinations, and manages CRA-related reputational matters. The CRA Group partners with Citi's U.S. businesses to establish CRA lending, investment, and service goals to meet Citi's CRA obligations and achieve a record of CRA performance commensurate with an "Outstanding" rating. Together with CRA-related businesses, the CRA Group proactively manages Citi's reputational risk and relationships with external stakeholders, including bank regulators.
The CRA Group is comprised of five teams: (CRA Governance & Policy, CRA Analysis, CRA Transformation, CRA Regulatory Reporting, and CRA Verification) and is committed to maintaining Citis highly rated and best-in-class community reinvestment program.
The SVP, Senior CRA Analysis Manager will report to the Head of CRA Analysis & Transformation teams, who reports to the Chief CRA Officer. The SVP, Senior CRA Analysis Manager works closely with the Groups other managers, to leverage CRA knowledge and experience across Citis businesses and GPA and effectively collaborates in the execution of the CRA program.
POSITION OBJECTIVES
The SVP, Senior CRA Analysis Manager will play a critical strategic and thought leadership role in driving and implementing changes to Citis CRA program as Citis business model continues to evolve in response to the rapidly evolving banking industry and regulatory expectations, and in response to the recent OCC changes to the CRA regulatory framework. The individual will play a lead role in supporting the Chief CRA Officer by working on enterprise-wide initiatives and in preparing for meetings with the Board of Directors, and other high-level meetings.
The role will include monitoring risk and control activities, including external examinations, internal audits, Independent Compliance Risk Management activities and regulatory compliance activities. The Senior Manager may be called upon to represent Citi on various CRA trade groups and industry associations.
Among the required attributes, the Senior Manager is motivated and confident to anticipate and drive change, is a persuasive thought leader skilled at solving problems and explaining complex issues. The Senior Manager has a strong knowledge of risk management framework, including processes, controls, and governance. The candidate is adept at developing and leading collaborative, high performance teams, with a strong ability to coach as well as to effectively communicate candid feedback in a constructive/supportive manner and cultivates a work environment that embraces continuous learning and improvement.
JOB RESPONSIBILITIES
Governance
Policy
SKILLS REQUIRED
EXPERIENCE/TRAINING
EDUCATION
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group:
Communications and External Relations------------------------------------------------------
Job Family:
Community Development------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
New York New York United States------------------------------------------------------
Primary Location Full Time Salary Range:
$163,600.00 - $245,400.00
In addition to salary, Citis 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:
Mar 29, 2024------------------------------------------------------
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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