Credit Risk and Reserves Officer

Citi • Wilmington, DE

9d • $125,760 - $188,640 • Onsite

About The Position

The Credit Risk and Reserves Officer is a senior-level position responsible for leading activities in credit loss forecasting and reserves blending expertise in portfolio analytics, monitoring the portfolio performance while closely following latest trends in own field. This role is pivotal in ensuring the accuracy, efficiency, and transparency of credit loss reserves while enhancing data-driven decision-making with a strong focus on simplification. You will work closely with finance, risk, and technology teams to streamline reserve methodologies, improve reporting processes, and drive automation initiatives.

Requirements

• Bachelor's degree required in Mathematics, Engineering, Statistics, Economics, Physics, or a relative quantitative discipline (Master's degree, MBA or CPA preferred, or equivalent experience).
• 6-10 years of experience in credit card risk management or equivalent preferably in the financial services industry, with a preference for work in forecasting, accounting or credit risk management
• Ability to develop and perform Financial and Risk analysis that addresses concerns and issues, and ability to present them to management and external auditors with a clear and concise approach.
• Advanced usage of Excel, SAS/SQL/Python required (2+ years), proficiency in PowerPoint, Word required, Oracle Hyperion tools (Essbase, Smart View), Tableau preferred
• Ability to work with senior managers, internal stakeholders to help build consensus to address difficult and complex business needs.
• Has the ability to operate with a limited level of direct supervision.
• Proven ability to remain organized in a fast-paced environment
• Demonstrated interpersonal, organizational and analytic skills

Nice To Haves

• Master's degree, MBA or CPA preferred, or equivalent experience
• Master's degree preferred
• Oracle Hyperion tools (Essbase, Smart View), Tableau preferred

Responsibilities

• Calculate and Analyze credit risk reserves across diverse loan portfolios, ensuring alignment with accounting and CECL standards.
• Identify key drivers of reserve changes, trends in portfolio performance, and emerging credit risks.
• Develop and maintain reserve forecasting models, stress-testing frameworks, and scenario analyses.
• Prepare risk management presentations for senior management that include analytics on expected portfolio performance and areas of potential risk and/or opportunity
• Create, review and share critical business decks for leadership and global policy.
• Utilize Statistical Analysis System (SAS) in a UNIX environment to perform risk, financial and data analyses including profiling, sampling, forecasting and due diligence.
• Drive AI and advanced analytics initiatives, including automation of reserve processes.
• Simplify and automate reserve calculation workflows, reducing manual processes and enhancing efficiency.
• Enhance reporting tools and dashboards to improve visibility and decision-making for senior leadership.
• Work with cross-functional teams to ensure data integrity and alignment across finance and risk functions.
• Identify opportunities to streamline methodologies, eliminate redundancies, and enhance operational efficiency.
• Drive adoption of digital tools and frameworks that enhance analytical capabilities and reduce complexity.
• Work closely with Governance and Model Risk Management to ensure adherence to all policy requirements
• Acts as SME to senior stakeholders and /or other team members.
• Appropriately assess risk when business decisions are made, demonstrating 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.

Benefits

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

What This Job Offers

• Job Type: Full-time
• Career Level: Senior