• Competitive
  • Wilmington, DE, USA
  • Permanent, Full time
  • Citi-US
  • 2018-10-19

SVP, Collections & Recovery Risk Policy Sr. Manager (Collections Segmentation)

SVP, Collections & Recovery Risk Policy Sr. Manager (Collections Segmentation)

  • Primary Location: United States,Delaware,Wilmington
  • Education: Bachelor's Degree
  • Job Function: Risk Management
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: Yes, 10 % of the Time
  • Job ID: 18064329


Description

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citi's Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop to are widely available to all.

The Collections and Recovery Risk team's mission is to help customers bring their accounts current or fairly resolve their debt.  The Collections and Recovery Risk team owns strategy and policy and partners closely with the Operations and Technology teams on implementation and execution.

The Director of the Branded Cards Collections Strategy team is currently seeking a candidate to lead the segmentation strategy team.  Core responsibilities Include:

  • Develop appropriate segmentation strategies for past due customers
  • Partner with Operations, Independent Risk, Compliance and Legal to develop plans to comply with laws, regulations and regulatory guidance to ensure we allow customers to exercise their rights while trying to mitigate losses
  • Develop new strategies for segments which balance operational expense and treatment effectiveness
  • Provide Risk oversight for customer treatments. Identify trends with potential root causes and recommended strategy changes or tests. Present proposals to senior management.
  • Conduct industry benchmarking regarding segmentation practices and controls and identify best practices to implement at Citi.  Consumer preferences and regulatory expectations are rapidly evolving.
  • Meet with internal control teams (e.g., Independent Risk, Fundamental Credit Review (FCR), Internal Audit (IA)) and with regulators to explain Collections strategies and Risk oversight
  • Manage a team direct reports and provide leadership support to contractor resources


Qualifications

  • Bachelor's degree; MBA or other graduate degree preferred
  • At least 7 years of strategy, consulting, analytics and/or risk management experience, ideally with consumer financial institutions
  • Strong conceptual, problem solving, analytical and technical skills - Must be able to independently solve problems, form hypotheses and complete analyses
  • Strategic and project management capabilities coupled with strong analytic and financial acumen
  • Demonstrated ability to prioritize business goals and drive results
  • Strong relationship building, communication and influencing skills
  • Strong project and time management skills; must be able to effectively manage multiple priorities and projects