JOB DESCRIPTIONThe Basel Interpretive Office ensures accurate, consistent, and transparent U.S. Basel III regulatory capital treatment for all interpretations. The Basel Interpretive Office team members work closely with many partners across the organization to ensure the accurate end-to-end representation of exposures in Citi's regulatory capital ratios. The Capital Interpretation role covers U.S. Basel III interpretations required for new product approval transaction flows and general regulatory capital inquiries. In addition, the Basel Interpretive Office reviews forthcoming changes to the U.S. Basel IIII rules (e.g., SA-CCR; Basel IV).
Responsibilities:This role is responsible for:
- The interpretation of U.S. regulatory capital rules (e.g. Basel III, SLE) for all initiatives subject to new product approval processes.
- Drafting comprehensive regulatory capital technical interpretive memos.
- Providing U.S. Basel III regulatory capital treatment to the business.
- Collaborating with Risk Management, Accounting Policy, Legal, Regulatory Reporting, and other control functions to ensure proper application of the U.S. Basel III to deal structures.
- Advising the business on regulatory capital treatment during the structuring phase of transactions.
- Creating ad hoc Senior Management-ready materials including interpretive guidance presentations to Lines of Businesses, Committees, and Regulators as necessary.
- Developing a strong working relationship with Finance, Front Office, Treasury, Technology, Audit, Independent Risk and other counterparts across the organization.
Qualifications:- Bachelor's Degree in Finance, Accounting, Business, or related field.
- 7+ years of related Basel advisory experience and/or complex transaction based background.
- Comprehensiveknowledge of U.S. Basel III rules for a wide range of exposure types (e.g., wholesale, securities financing transactions, securitizations, OTC derivatives) is highly preferred
- Understanding of complex product structures transacted by large banking organizations and ability to navigate across a complex organization in a high-pressure environment to meet stringent deadlines.
- Ability to understand the connectivity between the U.S. Basel III rules, economic risk considerations, and U.S. GAAP/U.S. Regulatory Reporting treatment for transactions.
- Exceptional written and oral communication skills with proven ability to translate complex concepts user-friendly language for multiple audiences (e.g., senior management, internal constituents, and regulators).
- Ability to manage multiple priorities; work collaboratively within the team and across the organization, and exhibit interpersonal/influencing skill.
- Ability to manage and develop junior staff
Education:- Bachelors degree, potentially Masters degree
N/A
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Job Family Group: Finance
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Job Family:Fin Solutions Dsgn & Implement
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Time Type:Full time
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