Citigroup Balance Sheet Management Senior Lead Analyst in New York, New York
The Balance Sheet Management (“BSM”) unit is a division within Treasury, and is part of Citigroup’s broader Finance organization. Balance Sheet Management’s specific responsibilities cover five key areas:
Asset and Liability Management (ALM):
FTP Governance & Execution: establishes and oversees the policies under which business assets and liabilities are priced based on interest rates and liquidity values; executes various firm-wide transfer pricing processes; and ensures retained costs and balance sheet in Treasury are minimal through an effective allocation process
Interest Rate Risk Management : evaluates, analyses, and reports Interest Rate Risk in the accrual businesses for Citigroup
Balance Sheet Analytics & Management : conducts analytics related to the firm’s balance sheet, NIR/NIM and associated financial metrics to drive financial resource allocations, and leading on internal and external communication of the strategy and performance of the balance sheet
Capital Management: Proposes Capital Policy design to Capital Committee including capital targets and buffers, and manages capital distribution strategy; designs the methodologies for allocating capital limits and attributing capital usage to businesses; and leads the design and delivery of portfolio management reporting and analytical capabilities to support Treasury’s securities portfolios.
Balance Sheet Costing and Implementation: Leads the design, development, and implementation of the firm’s and BSM’s target state systems (e.g. Funds Transfer Pricing system).
Strategic Design and Methodology: Leads cross functional workstreams to design, enhance, and evolve Balance Sheet costing frameworks and methodologies across FTP, IRRBB, and Capital. The team works together with key stakeholders across BSM to design and build the essential modelling and planning platforms to supply BSM with accurate and reliable information to make BSM function the way the firm intends.
Asset Allocation and Modeling: Designs and manages Treasury’s allocation process on security portfolio strategy for Citi’s $400bn+ global liquidity portfolios. The team also performs the review and challenge of the Stress Testing results for securities portfolios, and oversees model governance for models related to valuation and forecasting of AFS/HTM asset classes.
BSM’s key goal is to incentivize optimal usage of balance sheet resources by measuring and charging businesses for their use. The team also guides decision making on the firm’s management of balance sheet resources including capital and oversees Interest Rate Risk Management for the banking book. Together these activities ensure Citi’s balance sheet is managed in a prudent manner whilst also driving shareholder value.
These functions all provide key inputs into business performance measurement across all regions, informing senior management on strategic decision making.
Treasury Senior Lead Analyst - SVP
The Treasury Senior Lead Analyst is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Typically a small number of people within the business that provide the same level of expertise. Excellent communication skills required in order to negotiate internally, often at a senior level. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Accountable for significant direct business results or authoritative advice regarding the operations of the business. Necessitates a degree of responsibility over technical strategy. Primarily affects a sub-function. Responsible for handling staff management issues, including resource management and allocation of work within the team/project.
Within the Strategic Design and Methodology Group, the Treasury Senior Lead Analyst (SVP) will have the following responsibilities:
- The position will require both individual analytical work as well as partnership across teams to
identify solutions to internal client and stakeholder inquiries in a timely manner and own the implementation / execution steps to autonomously drive open issues to completion. Topics and workstreams will primarily focus on Funds Transfer Pricing (FTP) (including Interest Rate TP and Liquidity TP, spanning across bank and broker dealer entities), as well as IRRBB metrics (i.e. Interest Rate Exposure (IRE) and Economic Value Sensitivity (EVS)).
Support the design and development of methodology enhancements for IRRBB management and liaise with IRR, ALM, and other Treasury and Finance colleagues and stakeholders to roll out the new methodology.
Work with key colleagues from Treasury, business, and Risk to understand and develop driver-based Treasury cost allocation processes and analytics, as well as driver based IRRBB analytics.
Contribute and influence the requirements definition and development of systems (including Citi’s FTP and IRRBB platforms) and analytical platforms, considering feedback from Treasury, business, and technology partners.
Develop analytical solutions in local environments/platforms.
Where applicable, develop and communicate system requirements to Technology teams tasked with delivering the software (i.e. formal BRD or Agile processes).
Where applicable, partner with user groups and technology on system testing, to ensure error-free feature delivery
Produce high quality training and project status materials.
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules, and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing, and reporting control issues with transparency.
Perform other duties and functions as assigned
Experience & Qualifications:
Bachelor’s degree in a quantitative-focused discipline (e.g. Finance, Economics, Financial Engineering, Engineering, Science, Mathematics)
7+ years of relevant experience (Treasury, ALM, Risk, Balance Sheet Management)
Demonstrated direct experience with Assets & Liability Management is desired
Expert in the use of Excel and PowerPoint
Model building and deep analytics experience is required. Coding experience in Python, VBA preferred.
Interest Rate risk analytics experience is preferred.
Exceptional and flexible problem-solving skills with an ability to rapidly assimilate complex information across a variety of financial disciplines.
Excellent communication skills, oral and written, with the ability to converse with a wide variety of people across functions, including ability to simply and precisely translate complex topics.
Ability to interact and collaborate effectively with other team members and colleagues in other departments
High energy, self-starter with a flexible and pragmatic attitude and a desire to show continued progress
Unique opportunity to gain exposure to Citi’s Interest Rate Risk and Funds Transfer Pricing Management.
Develop a set of quantitative and qualitative skills that would enable the individual to become a seasoned Treasury professional.
Job Family Group:
Balance Sheet Management
New York New York United States
Primary Location Salary Range:
$170,880.00 - $256,320.00
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