Job Purpose:
Define and implement the strategy and governance framework for Counterparty Credit Risk (CCR) across Citi. CCR Governance includes the 2LOD review and challenge in a variety of CCR related committees (PSE Council, DSFT, Stress Testing; PPL, etc.) with the goal of bringing consistent thought process and actions to the CCR exposures.
Job Background/Context:
Counterparty Credit risk is one of the largest and most dynamic portfolios within Citi/ICG. The CCR portfolio accounts for $183Bln of OSUC across Citi of which $176Bln resides within the ICG. It spans all the capital markets products in scope.
Key Responsibilities:
- Lead and manage a team of risk professionals to determine and set CCR risk appetite and governance of CCR exposures
- Create and build a CCR governance framework, policies and procedures, and operating model
- Demonstrate strong capital markets and technical expertise to ensure that risk is appropriately identified, measured and managed accordingly
- Be fluent on the quantum, trend, composition of CCR exposure and work in conjunction with risk and business partners to establish overall CCR and WWR risk tolerance limits
- Oversee governance of the PSE and DSFT Councils and PPLs
- Devise a stress testing approach to pre-settlement exposure so that it can be used as another lens into the CCR portfolio
- A proactive approach to managing and motivating the team and searching for process improvements
- Engage with regulators and other constitutes on counterparty credit and financial institutions discussions
- Clear and responsive communication with senior management, auditors and regulators on all aspects
Knowledge/Experience:
- Candidates should have demonstrable financial institution or other intensive credit risk experience
- Strong capital markets product knowledge and analytical experience is required
- The preferred internal candidate must be at least a Level 1 Senior Credit Officer, or demonstrate the ability to attain Level 1 quickly.
- Strong partnering skills and the ability to work collaboratively across the organization; sound fundamental credit and portfolio management skills
- The candidate should be proficient in legal, regulatory and compliance matters and should be able to demonstrate strategic risk insight and sensitivity to macro and regulatory issues.
Skills:
- Excellent organizational and communication skills (written and verbal)
- Superior analytical and quantitative skills
- Able to quickly distil transactions/business propositions to key risks
- Strong people and process management, mentoring, and coaching ability
- Demonstrated leadership skills
- Ability to lead meetings/calls, to listen to other points of view, provide appropriate challenge and to take decisions with a clear rationale
Qualifications:
- Educated to degree standard or equivalent; MBA preferred
- Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
Competencies:
- Demonstrates integrity and sound independent risk judgment
- Operates to the highest ethical standard, acts as a role model to others
- Ability to work comfortably in a matrix environment
- Self-starter, motivated, aspirational
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Job Family Group:
Risk Management
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Job Family:
Credit Decisions
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Time Type:
Full time
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Primary Location:
New York New York United States
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Primary Location Salary Range:
$250,000.00 - $500,000.00
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