Hitec - New York, NY

posted 3 months ago

Full-time - Mid Level
New York, NY
Merchant Wholesalers, Durable Goods

About the position

The Balance Sheet Management Lead Analyst is a strategic professional who plays a crucial role in the Balance Sheet Recovery and Resolution Planning team. This position requires staying updated on developments within the financial services field and contributing to the directional strategy by applying this knowledge to the job and the business. The analyst is recognized as a technical authority in their area, necessitating a basic commercial awareness. The role typically involves collaboration with multiple experts within the business, requiring developed communication and diplomacy skills to guide, influence, and convince colleagues across various departments and occasionally external customers. The work performed has a significant impact on the area through complex deliverables, providing advice and counsel related to the technology or operations of the business. The outcomes of this role affect the overall performance and effectiveness of the sub-function or job family. Core responsibilities include supporting the Recovery and Resolution Planning forecasting execution processes, developing and enhancing the Resolution Planning balance sheet forecasting capability, and creating methodology and projection models for balance sheet and PPNR (Pre-Provision Net Revenue). The analyst will execute on balance sheet for annual 165d regulatory submissions and contribute to the narratives of the Resolution Plan. General responsibilities also encompass governance of funding, investing, and analytics of the balance sheet, managing liquidity and interest rate risk, capital/legal entity structure, and capital planning, as well as managing relationships with rating agencies. The role involves participation in capital markets activities, including commercial paper and securitization, liquidity, accrual risk oversight, and transfer pricing. The analyst will gain exposure to Citi's balance sheet and develop an understanding of the data and technology infrastructure supporting the liquidity reporting process. Additionally, the analyst is expected to perform other duties and functions as assigned, while appropriately assessing risk in business decisions, demonstrating consideration for the firm's reputation, and ensuring compliance with applicable laws, rules, and regulations.

Responsibilities

  • Support Recovery and Resolution Planning forecasting execution processes
  • Develop and enhance Resolution Planning balance sheet forecasting capability
  • Develop methodology and projection models for balance sheet and PPNR
  • Execute on balance sheet for annual 165d regulatory submissions
  • Contribute to Resolution Plan narratives
  • Contribute to the governance of funding, investing, and analytics of the balance sheet
  • Manage liquidity and interest rate risk, capital/legal entity structure, and capital planning
  • Manage rating agency relationships
  • Participate in capital markets activities including commercial paper and securitization
  • Oversee liquidity, accrual risk, and transfer pricing
  • Gain exposure to Citi's balance sheet and understand data and technology infrastructure supporting liquidity reporting
  • Perform other duties and functions as assigned
  • Assess risk when making business decisions, ensuring compliance with laws and regulations.

Requirements

  • 6-10 years of experience working for a financial services organization
  • Analytical skills and ability to design strategic solutions and processes
  • Knowledge of Recovery and Resolution Planning regulations
  • Knowledge of stress testing (e.g. CCAR)
  • Experience with modelling and the model lifecycle
  • Knowledge of an Investment Bank Balance Sheet composition and P&L
  • Knowledge of general accounting principles and double entry accounting
  • Thorough knowledge of key Interest Rate Risk metrics (IRE, EVS)
  • Working knowledge of Citigroup Financial Systems (PEARL / GENESIS/ Etc.) is preferred
  • Proficiency with standard analysis tools (Excel / Access / SQL)
  • Excellent written and oral communication skills
  • Ability to prioritize in a fast-paced environment
  • Ability to interact with all levels of management

Benefits

  • Medical, dental & vision coverage
  • 401(k)
  • Life, accident, and disability insurance
  • Wellness programs
  • Paid time off packages including vacation, sick leave, and paid holidays
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