Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills and experience within Wholesale Credit Risk (corporate), including due diligence, transactional, structuring and documentation to Citi’s Wealth Risk Management business.
By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
About Team / Role:
Citi’s Wealth Risk Management business is a global organization within the 2nd Line of Defence dedicated to the Wealth business primarily to address credit and suitably, covering both retail and wholesale credit. Wealth Risk Management provides Second Line of Defence oversight and challenge of the Wealth activities; spanning lending, deposits and investments.
Through establishing and maintaining effective frameworks and governance, promoting a strong risk culture, applying sound credit risk judgment, and ensuring proactive risk management. We help the 1st Line of Defence be stronger risk managers through 2nd Line of Defence review and challenge.
What you’ll do:
- Oversee credit portfolio limits and stress testing, ensuring a balance between risk and reward and maintaining the company's risk appetite.
- Develop advanced methodologies for limit setting within the credit portfolio, factoring in industry trends, regulatory standards, and internal risk appetite.
- Manage comprehensive risk profiles, coordinating with regulatory bodies, conducting regular portfolio health checks and anticipatory identification of top risk factors.
- Direct regular portfolio analysis, providing updates on portfolio performance, market trends, and risk factors for ongoing risk assessment and mitigation.
- Lead governance discussions, interpreting limit governance rules and overseeing activities related to single name and distribution risk to ensure regulatory compliance.
- Represent and coordinate the second line of defence in terms of risk appetite engagement, effectively communicating and managing risk statements and assessments.
- Supervise the end-to-end framework for the adequacy of credit reserve and stress testing, ensuring proper management of the credit portfolio.
- Examine, challenge, and validate new account strategies and account management development for robust checks, minimizing potential risk exposure.
- Conduct rigorous internal and oversight reviews, probing into internal processes and controls, and managing any ensuing internal audits or regulatory examinations.
- Assess risk when making business decisions, using advanced analytical skills to evaluate potential risks and protect the firm's reputation.
- Uphold ethical conduct and ensure compliance with relevant legal and regulatory requirements by critically examining and challenging activities and processes.
- Stay updated with industry trends and communicate clearly with various stakeholders, utilizing detailed analytical skills to make complex business decisions.
- Actively monitor and adapt to the latest trends in credit risk analysis, leveraging them for improved forecasting and allowance calculations for credit.
- Utilize expertise to enhance the efficiency and effectiveness of compliance processes for credit portfolio limits and negotiate strategic changes when necessary.
- Serve as a key authority in overseeing first line of defence processes for portfolio management, driving strategic improvements by adapting to industry trends and leveraging expertise.
What we’ll need from you:
- Solid Wholesale Credit Risk (corporate), including due diligence, transactional, structuring and documentation experience.
- Proven experience in overseeing, challenging, and reviewing credit portfolio management.
- Demonstrable understanding of credit analysis and counterparty risk with the ability to provide robust oversight and review.
- Solid experience in the review, challenge and oversight of loanable value methodology and portfolio stress testing.
- Ability to oversee, evaluate and challenge risk management tools and exposure monitoring processes.
- Proficient in accuracy and completeness of credit data with the capability to oversee, challenge and review data sets.
- Experience in overseeing, challenging, and reviewing risk management processes and portfolio risk reports.
- Comprehensive understanding of risk measurements with a proven oversight, challenge and review skill set.
- Competence in interpreting and analysing complex financial data and making informed decisions.
- Understanding of credit analysis, counterparty risk, and portfolio stress testing.
- Proficiency in using risk management tools and exposure monitoring processes.
- Readiness to promptly respond to ad-hoc transaction requests by identifying and mitigating trade-specific risks.
- Capability to collaborate effectively with various teams including Risk Management, Technology, and Rep