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CGW Regional Remedial Risk Manager- SVP

London, United Kingdom
Closing date
Dec 3, 2022

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Citi Global Wealth Remedial Risk Management ("CGWRRM") specializes in the risk management of the Citi Private Bank's classified portfolio. Cases managed by CGWRRM exhibit a heightened probability of default during varying stages of stress. CGWRRM works closely with Business and Risk partners to formulate and execute strategies that maximize the value of distressed cases, balancing risk, returns and recovery appropriately.


The CGWRRM Regional Manager will be responsible for the day-to-day management of the classified portfolio within the CGW EMEA region, based in London. This includes:
  • For Special Mention names, completion of assessments to determine appropriate classification and agree with the Business on classification triggers
  • Risk Management for the Classified portfolio, including monitoring performance of assigned accounts and forecasting exposures for capital and asset quality purposes
  • Analyze, formulate, and implement strategies geared toward the satisfactory remediation of deteriorated credit situations
  • Performs initial evaluation of assigned accounts, including business issues, likely loss or recovery, and documentation deficiencies, if any.
  • Manages account on an ongoing basis until workout is complete, and account is resolved via payment (in full or as a compromised settlement), bankruptcy plan is approved, returned to the originating business unit, liquidated, or abandoned.
  • Coordinates the retention of legal counsel and manages the relationship on an ongoing basis, including directing the parties' involvement in the workout and managing fee expenses.
  • Negotiate repayment / restructure terms either directly with clients or through legal counsel
  • Interact with the Business and Risk teams and internal partners including Legal, Governance, Risk Reporting and Compliance in proactively handling deteriorating credit situations
  • Manage aspects of collateral monitoring, legal documentation, valuation, and overall compliance
  • Conduct liquidation analysis and prepare timely individually assessed reserve recommendations and write-off justifications
  • Litigation management including foreclosure, DPC sale, liquidation, and bankruptcy
  • Prepare periodic Criticized Credit Memos (CCMs) with accurate remedial plans and timely actions
  • R epresents Citi in discussions with internal/external auditors and reviewers on issues relevant to their daily role, e.g., IA, FCR and OCC
  • Support Remediation efforts related to regulatory MRAs or Transformation projects
  • Assist in preparing and updating Remedial Policies, Standards and Procedures
  • Assist in designing and leading training sessions on remedial related topics
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
  • Extensive credit analysis skills
  • Experience in credit analysis and experience in lending/ remedial management
  • SCO or pipeline SCO candidates who have completed SCOPE & ACE will be preferred
  • Exceptional ability to communicate views both, verbally and in writing
  • Demonstrate sound understanding of credit issues and able to establish and process risk mitigation plans from inception to implementation to resolution aimed at maximizing recoveries while minimizing cost of credit build and franchise risk
  • Sound understanding of credit issues and able to establish and process risk mitigation plans from inception to implementation to resolution
  • Proficient in collateral analysis and valuation, including real estate appraisals
  • Excellent negotiating skills with customers and internal partners
  • Capable of collecting information from various parties with potential opposing views/agendas in an efficient and detail-oriented manner
  • Ability to communicate and influence in a cross functional environment in settings that could involve conflicting priorities and timetables
  • Knowledge of typical risk policies and procedures
  • Demonstrate experience in applicable national and local regulations, guidelines, and practices

Bachelor's/University degree, Master's degree preferred
Job Family Group:
Risk Management -------------------------------------------------
Job Family:
Remedial 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 .

View the " EEO is the Law " poster. View the EEO is the Law Supplement .
View the EEO Policy Statement .
View the Pay Transparency Posting

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