Job Summary
The Collateral Risk Manager is a key member of the in-business credit risk function responsible for the collateral that underpins Citigroup’s wholesale lending and trading activities in the APAC region. Working closely with individual business units and with the second-line risk management function, the Collateral Risk Manager is part of a specialized team overseeing the management of collateral across multiple business units, identifying, and responding to exceptions in the use of collateral and monitoring collateral-related risks across all businesses in the region.
This is a new role in a rapidly growing area of the firm and provides an excellent opportunity for a dynamic, innovative, and results-oriented individual to take the next step on their career path and play a part in the development of a new department within the firm.
Ideal candidates will have experience in a corporate lending or a derivatives/securities finance function, either in a front office capacity or from a credit risk role. They will be strong team players with a track record in tackling new challenges, managing multiple priorities, and delivering results.
The Team:
In line with its focus on risk and controls, Citi has created a new first line risk function, Institutional Credit Management (ICM). ICM’s principal focus is credit risk: it has the objective of providing integrated “end-to-end” credit underwriting and the management of associated risks for wholesale credit businesses across the enterprise. Within ICM, the Collateral team focuses on the monitoring and management of risks relating to collateral posted and received in connection both with Citi’s trading and banking book activities.
The Mission:
Collateral Risk Manager works in the APAC regional team which is tasked with operating the collateral risk function in the APAC region, covering both banking book and trading book collaterals. The role reports to the APAC Head of Collateral Risk Management.
Working closely with designated business units and the corresponding independent risk functions, the Collateral Risk Manager provides support and expertise in managing exceptional situations, monitors collateral quality and ensures consistent and robust application of collateral standards with respect to eligibility, rating, valuation, and maintenance.
Key benefits include the development of an unusually broad perspective on the firm’s markets activities (including Rates, FX, Equities, Commodities and Credit), the acquisition of specialized knowledge of regulatory developments and, exposure to senior leadership and a rewarding, creative, and dynamic working environment.
The Role:
The Collateral Risk Manager is responsible for overseeing the risk management of collateral assets in the APAC region. Their main roles and responsibilities include:
- Risk assessment: Assess the risk associated with the collateral assets within APAC. This involves analyzing the quality and value of the collateral, identifying any potential risks, and implementing risk mitigation strategies.
- Risk structuring: collaborate with the lines of business and other stakeholders to establish appropriate collateralisation terms and to agree exceptions to standard provisions where justified.
- Reporting: Responsible for preparing and presenting reports to senior management regarding the status of collateral assets within the region. This includes providing regular updates on the performance of collateral portfolios, identifying any emerging trends or risks, and making recommendations for risk mitigation strategies.
- Compliance: Ensure that all collateralised wholesale credit exposures within APAC comply with internal policies and procedures relating to collateral, as well as external regulatory requirements. Work with individual businesses and underwriting teams to ensure that all requirements relating to collateral valuation, control, documentation, and monitoring are met.
- Team management: Responsible for assisting the APAC Head of Collateral Risk Management in managing a team of collateral risk analysts. This includes providing guidance, coaching, and training to ensure that the team is able to effectively manage collateral risk within APAC.
- Stakeholder management: Work closely with other stakeholders, such as clients, regulators, and auditors, to ensure that collateral management activities within APAC are aligned with the needs and expectations of these stakeholders.
Qualifications and Experience:
- Bachelor's degree or equivalent experience
- 8+ years relevant experience in financial services; experience in corporate lending or risk management is a plus
- Highly analytical & creative mindset
- Strong and impactful presentation skills
- Self-motivated, detail oriented, and a quick learner
- Ability to work well under pressure, in a front office environment
- Strong team player with excellent communication, interpersonal and organizational skills
- Knowledge of the characteristics of individual collateral types is a plus
- Familiarity with large scale data, querying and data handling applications such as Tableau is preferred
- Knowledge of Citi’s infrastructure is a plus
