Risk Operations Analyst - Credit Risk Management Services

Employer
Citi
Location
Hong Kong, Hong Kong
Salary
Competitive
Posted
Aug 10, 2022
Closes
Sep 07, 2022
Ref
16309247
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
CRMS serves as a critical component of our First Line of defense for wholesale and counterparty credit risk managementthat is part of Institutional Credit Management (ICM) under ICG Business. CRMS works through the challenges of the Wholesale Credit Risk Lending processes with the aim of transforming the credit risk process flows including but not limited to credit facility management, legal documentation, collaterals and risk reporting. Importantly, CRMS will coordinate 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.
Our mandate is to create a world class, end-to-end wholesale credit management platform. The analyst is expected to bring in fresh thoughts andnewer perspectives to drive the transformation agenda..

This is a junior role in CRMS and involves the following:
  • Legal Documentation controls -review for completeness and ensuring retention in accordance with laws.
  • Controls over the set-up and management of credit facilities in line with the credit policy and approval conditions.
  • Collateral Process Management- recording, monitoring and reporting of collateral provided by the obligor against the credit sanctioned
  • Provide support in handling and reporting data elements to meet regulatory requirements.
  • Drive business process transformation and deliver tangible results in terms of efficiencies and strong controls.
  • Effective stakeholder engagement across multiple business verticals in ICG.

Key Stakeholders :
Business, Credit Analyst, Independent Risk

Req Qualifications :
  • At least a first degree or equivalent experience
  • Professional qualification in Finance, Accounting,Business related field or an MBA will be an added advantage
  • Knowledge of BFSI (Banking & Financial Services Industry) sector
  • Working knowledge of risk management concepts

The candidate would need to possess :
  • Strong interpersonal skills, including ability to work independently, multitasking, demonstrate attention to detail & meet timelines
  • Clear and concise written and verbal communication skills
  • Ability to coordinate within teams across businesses
  • Analytical and problem solving skills.

Responsibilities:
  • Review of credit documentation, and release of credit facilities
  • Interact with Relationship Manager and/or Risk Manager to understand the facilities granted to the customer as approved in the Credit Approval package or Credit Memo
  • Coordinate with Processing Unit for the Credit system maintenance and limit monitoring
  • Verify the signing authority and the proper documentation according to Customer's Memorandum & Articles of Association (M&AA) and Board Resolution
  • Authorize and Release credit facilities
  • Liaise with external solicitor for Mortgage Pledging and Mortgage Redemption
  • Handle Relationship Manager and RiskManager Enquiries
  • Prepare transaction and management reports
  • Participate in Systems Testing (User Acceptance Testing/ UAT) and Contingency Drills (Continuity Of Business/ COB)
  • Participate Department-related projects

Job Family Group:
Risk Management
Job Family:
Risk Exposure Monitoring & Management
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 .

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View the EEO Policy Statement .
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