Institutional Credit Management - Counterparty Credit Risk Approver - VP

Employer
Citi
Location
Singapore, Singapore
Salary
Competitive
Posted
Jan 23, 2022
Closes
Feb 09, 2022
Ref
13425667
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Purpose:

Individual will work as part of Counterparty Exposure (CPE) team under the global Institutional Credit Management (ICM) group and be responsible for measuring, monitoring and controlling counterparty risk for institutional clients. Analyzing portfolios and businesses, with a focus on counter-party and collateral risk to ensure the risks are being properly measured and controlled in accordance with the Firm's risk policies.

Job Background/Context:

Institutional Credit Management (ICM) is a critical component of Citi's First Line of defense for wholesale and counterparty credit risk management and works with Independent Risk teams to ensure best-in-class risk and controls, as well as client responsiveness. Key responsibilities of the group include credit analysis, documentation, risk identification, exposure monitoring and stress testing. ICM coordinates with credit management groups across ICG businesses to ensure full alignment on business and regulatory goals, as well as consistency and best practices where appropriate.

Counterparty Exposure (CPE) is a global team within ICM responsible for measuring, monitoring and controlling counterparty risk. To fulfill this role, a risk professional is required who has experience in market risk management and credit risk management areas, or has training in finance, mathematics or other quantitative fields.

Key Responsibilities:
  • Maintain and manage credit exposures to APAC FI clients across derivatives, financing and direct lending products
  • Approve credit reviews as a first line of defense approver (Credit Officer CO/Senior Credit Officer SCO designation) including assessment of portfolio risk, liquidity of client positions, credit limits and risk appetite ratios.
  • Advise and approve large transactions or deals that require individual risk assessment
  • Work with Risk colleagues on risk mitigation at both inception of transactions and on an ongoing basis
  • Monitor client portfolios to ensure that risks are controlled - primarily credit risk arising from market sensitive exposure and liquidity risk
  • Work with Sales trading and clients to analyze client portfolios, propose counterparty risk limits and work with Credit risk management on getting limits approved
  • Perform daily and weekly risk analysis and reporting on existing client portfolios as well as customized risk analysis on new client portfolios
  • Communicate key findings to senior management.
  • Work with business managers and In-Business Risk teams on margin model development, new product approvals and realtime monitoring and controls
  • Put together presentations and documents for internal and external use on various topics including describing the functions of the Risk Group, stress methodologies, and summarizing risk issues.
  • Analyzing control environment including periodic review of the control environment, vetting of new systems, processes, policies and procedures associated and related to market and/or credit risk and ensuring they are in sync with market practices.
  • Develop and utilize risk management tools for the measurement, monitoring and management of exposure and participate in project management of strategic risk infrastructure development.
  • Represent the department to various independent risk teams, auditors and regulatory agencies on issues related to counterparty risk and controls.

Developmental Value:
  • The team is new, giving opportunity to expand the role as the function grows.
  • Learn about risk management and financing products more broadly.
  • Influence the strategic direction of the Bank from a risk management perspective.
  • Build solid market/credit risk experience as we use cutting-edge risk models and techniques.

Required Knowledge and Experience:
  • Experience with managing market or credit risk and training in finance, mathematics or quantitative fields
  • Relevant credit or market risk experience across multiples asset classes including rates, equities, credit and commodities
  • More than 5 years credit risk experience, preferably gained at a major financial institution

Skills:
  • Strong analytical skills with good attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modelling and assimilation of data into a working product
  • Ability to work well with cross-functional teams from Business, Credit, Operations and Compliance
  • Strong written and verbal communication skills
  • Sound risk and business judgment
  • Stress testing skills essential, instrument modelling skills desirable.
  • Programming skills in Python, R or other statistical languages is a plus

Education:
  • Bachelor's/Master's degree in mathematics, science, finance/economics or a related field required
  • An MBA, CPA, or CFA preferred and formal Credit Training is a plus

Competencies:
  • Good communicator.
  • Entrepreneurial.
  • Strong analytical skills.
  • Strong problem solving abilities
  • Excellent written and oral communication skills
  • Ability to work independently as well as in a team environment.


Role is evaluated depending on the candidate's skillset and qualifications and can be AVP/VP.

Job Family Group:
Risk Management

Job Family:
Business Risk & Controls

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 .

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