Financial Planning & Analysis- C10

PPNR Forecasting and Budgeting - Methodology

This role will be part of Forecast Execution team established by Global FP&A head and Capital Planning head to:

• Provide oversight over execution of CCAR/DFAST, Quarterly Multi-Year Multi-Scenario Forecasting (QMMF) and Operating Plan
• Ensure delivery of all PPNR workstream deliverables including forecast analysis, governance, and controls requirements
• Drive target state process design for Citi’s planning processes working closely with FP&A, Treasury / Capital Planning, Risk, Tax, and business teams

This role will be part of the FP&A Budgeting and Forecasting team within Forecast Execution. This role provides support, analysis, and insight for the CCAR-PPNR Stress Testing & Quarterly Multi-Year Multi-Scenario Forecast (QMMF) process at Citi. The role works in a team that interacts closely with each business unit in Citi to create and model financial results and projections for each line of business. Through this analysis, the team facilitates the stress testing projections, which are used for the regulatory Comprehensive Capital Analysis and Review process (CCAR) and QMMF. Deliverables include, but are not limited to, quarterly forecasts and downside scenario generation, analytics of P&L and balance sheet components, review of forecasting methodologies, Y14A Federal Reserve templates, ad-hoc analysis and presentations for regulators, Board of Directors, Operating Committee and senior stakeholders. The work involves a mix of analytics, forecasting governance, and project/process improvement work as part of the through quarterly cycles. A critical component of the role is to be able to understand data structures throughout the firm and help remediate such issues for the PPNR team.

Responsibilities:

• Evaluate/review results for benchmark approaches/models to be used along with PPNR champion models on a product/segment level for triangulation/benchmarking; conduct root-cause analysis to address material differences between champion and benchmark results
• Execute rigorous Review and Challenge of all CCAR & QMMF activities, including overlays, workstream adjustments, benchmarking, final model results and expert judgment; review and challenge of business overlays is a key focus area
• Evaluate model limitations and applied overlays; partner with Model Development team to carry out post-cycle remediation actions considering feasibility and system implementation
• Coordinate aggregation of PPNR assumptions inventory; execute Review and Challenge of PPNR key assumptions and analysis of key sensitivities in preparation for submission to senior management and the Board
• Coordinate FP&A activities for CCAR & QMMF, including liaising with global Finance business units, Risk and Treasury; the ability to build partnerships is very important
• Develop analytics and analytical tools to help drive understanding of key results by the businesses and senior management, as well as to support the review and challenge execution
• Develop presentations and analysis of review and challenge activities/results to PPNR Senior Governance Group
• Support resolution of Fed questions/variance analysis, develop and review Fed materials
• Support external and internal audits of the PPNR process and results
• Change agent mentality and ability to work as part of a broader team are very important; identifying gaps and streamlining processes are primary elements of the role
• Be a very quick learner, ready to dive into details, gain good business knowledge of all Citi businesses, and become a PPNR expert/ go-to leader

Qualifications:

• Minimum of 2+ years of relevant finance/business/accounting experience in financial services
• Degree in Finance, Accounting, Economics or related discipline
• Financial statement/ product knowledge, particularly in Markets and Banking area is preferred
• Good working knowledge of RUBY (Citi Internal System) system is a plus
• Good working knowledge of Data visualization tools (e.g. Tableau), Excel VBA is a plus
• Ability to translate complex financial schedules into meaningful analysis and presentations
• Demonstrated analytical skills, including the ability to synthesize quantitative and qualitative data to draw conclusions and assist with decision making
• Strong interpersonal skills, with a balance of assertiveness and discretion to be a credible and sought after resource
• Flexibility to be effective and persuasive with all levels of management
• Ability to build key cross-functional and cross-business relationships
• Change agent mentality to drive for process enhancements and simplification; demonstrated ability to lead projects

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