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ICAAP Process Coordinator

Citi Budapest, Hungary
Posted 11 days ago Permanent Competitive
You will be joining the ICAAP Centre of Excellence that leads the way in setting the EMEA ICAAP framework and standards in line with the strategic target operating model to enhance governance, processes, models and controls. This drive for enhanced standards and sophistication extends into the capital management process and ICAAP reports.

As a senior professional you will be responsible for driving the generation of the ICAAP report for UK entities under PRA regulation and for the coordination across the different functions primarily in Risk and Finance. You will also take ownership of the lifecycle of the ICAAP production from initiation to final submission to the regulator including reviews and approvals. In this role you are also expected to critically review and provide effective challenge to inputs into the report as well as writing sections.

In this position you will use and expand your experience and professional skills for the following responsibilities:

Process Coordination
  • End-to-end process coordination of the ICAAP production with effective review and challenge to ensure a high standard of the ICAAP report in line with industry best practice.
  • Chair ICAAP working group meetings and document action points.
  • Play a key role in terms of editing the annual ICAAP submission in line with local regulations and EMEA ICAAP document templates and have key involvement in the 1LOD review and challenge of the proposed annual ICAAP submission.
  • Ability to understand and challenge base and stress balance sheet, P&L and Pillar 1 and 2 risk numbers, capital planning and balance sheet modelling, risk appetite
  • Provide support in connection with the preparation of standardised management decks for ALCO, Country Coordinating Committees and/or the Board (as relevant) in respect of the annual ICAAP submission.
  • Appropriately assess risks and issues related to projects and ensure timely and effective escalation.
  • Attend local ALCO meetings relating to ICAAP.
  • Strong eye for controls and understanding of the need for governance surrounding the ICAAP and stress testing.
  • Coordination for the production and submission of Governance Reports.
Innovative Transformation
  • Be part of the team creating standardised processes for non-MLEs.
  • Drive improvements/implement feedback for future ICAAP submissions
  • Bring new ideas to the table for the benefit of Citi and propose implementation solutions.
  • Provide support to EMEA ICAAP teams, where applicable, in the implementation of the new Global ICAAP Standard.
Stakeholder Management
  • Collaborate across a variety of functions, primarily in Finance and Risk, to contribute to the production of the ICAAP report for UK entities
  • Act as a SME to senior stakeholders and team members.
  • Potentially lead training for EMEA legal entities in respect the ICAAP
  • Participation in ICAAP Communications to EMEA staff
  • Engage stakeholders including project sponsors and project managers, country CFOs/Controllers, CROs/Risk, MRM, regional managers, and Technology seniors
Appropriately assess risk when business decisions are made, demonstrating consideration for the Bank'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 behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.

The ideal candidate for this position possesses the following qualifications and skills:
  • 8+ years of work experience in a risk, prudential or finance role within a financial institution
  • Strong project management skills ideally gained in an international and global financial institution
  • Strong understanding of regulatory capital rules (Basel), ICAAP regulations and current developments including PRA and EBA (e.g. SREP, Stress Testing, Pillar 2, ICAAP)
  • Experience with ICAAP and stress testing
  • Knowledge of non-Pillar 1 risks (e.g. IRRBB, concentration or pension) would be beneficial
  • Strong communicator - both written and verbal
  • Interpersonal skills, ability to manage stakeholder relationships across various levels of seniority using the English language; ability to make and/or facilitate decisions
  • Strong MS Office and Word skills
  • Enthusiastic team player and at the same time a self-starter
  • Ability to manage deadlines under pressure and unexpected changes
  • Good analytical skills and structural approach and thinking; ability to pay attention to detail
  • Efficient and effective time management, and proven organisational skills
  • Proven track record of having completed projects / tasks within tight deadlines
We are a development focused organization. The above qualifications and skills are considered as primary assets for the position - but we do not pursue perfectionism: We look for capable colleagues and help them grow to excellence in their fields and positions.
  • Being part of a high profile and growing area will give the person the opportunity to contribute to change in a process that crosses Finance and Risk functions.
  • Excellent networking opportunity at senior level, as process necessitates constant cooperation and communication with country, cluster and regional level senior management.
  • Enhance knowledge of risk concepts and chance to combine with finance knowledge.
  • Competitive compensation package with a wide range of benefits:
    • Cafeteria Program
    • Home Office Allowance - for colleagues working in hybrid and remote work models
    • Paid Parental Leave Program - maternity leave and paternity leave
    • Private Medical Care Program and onsite medical rooms at our offices
    • Pension Plan Contribution to voluntary pension fund
    • Group Life Insurance
    • Employee Assistance Program
  • Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
  • Flexible work arrangements to support colleagues' in managing work - life balance
  • Continuous career progression opportunities across geographies and business lines
  • Inclusive and friendly corporate culture
  • Socially active employee communities with diverse networking opportunities
Job Family Group:
Finance -------------------------------------------------
Job Family:
Financial Reporting ------------------------------------------------------
Time Type:
Full time ------------------------------------------------------
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.

Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .

View the " EEO is the Law " poster. View the EEO is the Law Supplement .
View the EEO Policy Statement .
View the Pay Transparency Posting
Job ID  22593034
Accounting & Finance
At Citi, we get to connect millions of people across hundreds of cities and countries every day. And we’ve been doing it for more than 200 years. Our...
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