Shape your Career with Citi
Institutional Credit Management (ICM) is a critical component of Citi’s First Line of defence 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 and approvals, 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
We’re currently looking for a high caliber professional to join our team as Vice President, Risk Management Cash Trading - Hybrid (Internal Job Title: Credit Portfolio Officer - C13) based in Singapore. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
- Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
- We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
- We empower our employees to manage their financial well-being and help them plan for the future.
- Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
- We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
- We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.
Located on the Trading Floor, Citi’s ICM Client Risk Solutions team structures umbrella trading-programs for clients, balancing risk vs profitability. Accordingly, the group increases Citi’s fee-based revenue and market-making execution while managing the firm’s risk in times of market volatility and stress.
Based in SG, the individual will interact with clients and internal stakeholders across Asia North & South, Australia and Japan to carry out the core responsibilities listed. The role requires candidates to have strong background in risk and finance, knowledge of derivatives, as well as the ability to articulate complex ideas to management and clients.
In this role, you’re expected to:
- Manage pre-settlement risk for cash transactions on an assigned group of clients, both financial institutions and corporates, and approve limit exceptions within designed risk tolerance.
- Perform periodic credit reviews and analysis of financial metrics on assigned group of clients.
- Provide clarifications to clients and internal stakeholders on the calculation of both regulatory initial margin uncleared derivatives and initial margin computed using internal models.
- Work with sales and clients to analyze client portfolios, propose risk limits and work with Credit Risk Management to have them approved
- Utilize risk management tools for the measurement, monitoring and management of exposure. Communicate , these to internal trading desks, Credit Risk and external clients as required
- Compile presentations and documentation for internal or external use
As a successful candidate, you’d ideally have the following skills and exposure:
- At least 8 to 9 years of relevant experience preferred for this role.
- Degree in business, finance or mathematics.
- Strong, relevant work experience in counterparty credit risk or XVA.
- Outstanding candidates with experience in market risk management and familiarity with credit risk management will also be considered.
- Familiarity with derivatives across asset classes.
- Knowledge of structured products is a plus.
- Experience in empirical data analysis, risk modelling and stress testing.
- Sound risk and business judgement
- Strong analytical skills and familiarity with statistical tools and methods as well as with risk concepts (VaR, Factor Sensitivities, and Stress Test).
- Ability to work in a cross-functional teams across time-zones and to work well under pressure.
- Programming skills in Python and VBA a plus
Education:
- Bachelor's degree/University degree or equivalent experience
Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.
Take the next step in your career, apply for this role at Citi today
https://jobs.citi.com/dei
