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 Citi's 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 Citi's 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 Citi's 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 Group's other managers, to leverage CRA knowledge and experience across Citi's 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 Citi's CRA program as Citi's 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
Leading and actively contributing to the overall execution and strategic direction of Citi's CRA program.
Exercise both thought leadership and initiative in developing and leading the team's efforts to implement changes to the CRA program in response to Citi's evolving business model and regulatory requirements.
Provide critical assistance and focus on all regulatory exam management issues to include Data Integrity and CRA exams.
Perform follow-ups and ensure procedural changes are implemented and documented as required pending the result of internal/compliance audits.
Policy
Actively monitor regulatory changes and work closely with the Legal Department to draft comments on CRA, HMDA, and other related reforms, public hearings, testimonies, and public comment letters.
Responsible for the development and updates to the CRA Policy and Procedures and recommends to senior management proposed changes to the other legal vehicle's policies and procedures.
Assist the Governance and Policy Director with ensuring the bank adheres to established policies and is in compliance with applicable laws and regulation affecting CRA and HMDA.
Works closely with staff to develop corporate CRA training programs on concepts; practices, principles, and standards to ensure effective and consistent regulatory compliance.
Serves as a subject matter expert and shares knowledge, skills, and perspective on CRA matters.
Stays focused and up to date on matters affecting the GPA; and remains abreast of developments in the CRA, including industry trends, best practices, and emerging knowledge.
SKILLS REQUIRED
Strategic and goal-oriented focus.
Motivated and confident to drive change.
Foresight to anticipate and respond to rapidly evolving needs and priorities.
Ability to function effectively in a dynamic and evolving work environment; Excellent written, verbal communication and presentation skills, including astuteness in assessing appropriate content and tone for relevant audience.
Excellent analytical and problem-solving skills.
Extremely organized, reliable and highly attentive to detail; Ability to successfully manage relationships across the firm and execute against collective goals.
Good understanding of regulatory environment in the financial sector.
Ability to work independently under time pressure; Proven success as a leader and as a team player, with ability to build collaborative relationships with managers and staff at all levels.
Organizational savviness with ability to work across functions and levels of seniority; Ability to engage and collaborate with a variety of internal and external stakeholders to communicate issues, leverage insights and share expertise to influence CRA decisions.
Leadership experience including exercising initiative and innovative thinking; and
Leadership abilities and experience with managing complex projects and regulatory exams.
EXPERIENCE/TRAINING
10+ years of experience including managerial and 7+ years CRA experience, knowledge of consumer protection laws and regulations, lending practices, and community and economic development issues.
Demonstrable leadership and experience leading and managing change.
Prior bank examination (CRA and /or compliance) experience preferred; Proficiency in Microsoft Office suite of products (Excel, Word, PowerPoint, Access, Adobe Acrobat, Outlook); and
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required. ------------------------------------------------------
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, 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. ------------------------------------------------------
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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