Commercial Real Estate Risk Manager

The Real Estate Risk Officer is a strategic professional who manages governance related activities for the Wholesale Credit Risk - Real Estate and Securitization Group. Real Estate and Securitization is responsible for overseeing risks taken in connection with real estate activities which includes extensions of credit that are secured by liens on or interests in real estate, direct and indirect private equity and public market real estate investments, capital markets, construction lending, servicing, any consumer or commercial loan undertaken when real estate security or real estate activity, or an asset sale, or a refinancing is contemplated as a first or second way out. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas including internal/external audit and regulators. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.

**Responsibilities**:

- Participates in preparing regular and time-sensitive ad-hoc deliverables to the Regulators and Senior Managements, closely working with industry and regional senior portfolio managers
- Develop streamlined industry reviews and ensure that regulatory submissions are concise and in-line with expectations
- Work with Risk Officers and Technology to develop real estate dashboards and needed tools to monitor associated risks. Must have the ability to create detailed project plans and tracking processes
- Work on improving current processes with a lens to improve and streamline and ensure that the team remains compliant with Risk policies and procedures
- Assist with the Global Real Estate Limits process. Requires coordination across business sectors to manage and evaluate and recommend approval to the Citi Board of Directors
- Assist in the preparation of portfolio reviews, product programs
- Assist with the streamlining of all Real Estate Exposure reporting helping develop a holistic, comprehensive reporting strategy satisfying all internal needs as well as board and regulatory requirements
- Assist and develop several testing programs supporting the Global Real Estate Group for MCA process as well as self-identifying control gaps needing to be addressed
- Assist the Real Estate team with key governance processes including Material Risk Identification
- Develop a granular understanding of the drivers behind Risk control issues and provide standardization of the relevant processes used to manage the control environment
- Ensure compliance with Citi data standards, coordinate Management Control assessment (MCA), and help maintain high level of control and oversight in the team’s processes
- Interface with Risk Managers, Business Managers, Model Owners, Finance and corporate counterparts to ensure robust execution and compliance with all requirements; identifying and following up on emerging methodological or process issues
- Ensure that Real Estate CCAR submission have documented and well vetted and agreed upon controls
- Has the ability to operate with a limited level of direct supervision
- Can exercise independence of judgement and autonomy
- Acts as SME to senior stakeholders and /or other team members
- Provides regulatory risk project management support (business requirements, analysis and testing) for delivery of regulatory solutions. (i.e.. CECL, CCAR, FR Y14 reporting, Stress Test and CCAR regulatory requirements, etc.)
- Performs data analysis to monitor and track data quality and completeness of data

Qualifications:

- 5+ years previous risk experience required
- Knowledge of mortgage bankers, REITs, securitizations, warehouse financing and capital markets are preferred
- Excellent attention to detail. Willingness to learn new products. Possess complex and diverse knowledge of financial services. Comprehensive understanding of applicable industry regulations and standards
- Computer, analytical and quantitative skills with ability to perform credit analysis
- Proficiency in Excel, PowerPoint, Word as well as database management experience
- Tableau experience preferred
- Excellent attention to detail and willingness to learn new products
- Comprehensive understanding of applicable industry regulations and standards

**Education**:
Bachelor’s/University degree, Master’s degree preferred. MBA in Accounting or Finance, a plus
- **Job Family Group**:
Risk Management
- **Job Family**:
Real Estate Risk
- **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.

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