Job Purpose:
Individual will work as part of Counterparty Exposure (CPE) team under the global Institutional Credit Management (ICM) group and be responsible for measuring, monitoring and controlling counterparty risk for institutional clients. Analyzing portfolios and businesses, with a focus on counter-party and collateral risk to ensure the risks are being properly measured and controlled in accordance with the Firm’s risk policies.
Job Background/Context:
Institutional Credit Management (ICM) is a critical component of Citi’s First Line of defense 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, 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.
Counterparty Exposure (CPE) is a global team within ICM responsible for measuring, monitoring and controlling counterparty risk. To fulfill this role, a risk professional is required who has experience in market risk management and credit risk management areas, or has training in finance, mathematics or other quantitative fields.
Key Responsibilities:
- Approve credit reviews as a first line of defense approver (Credit Officer CO/Senior Credit Officer SCO designation) including assessment of portfolio risk, liquidity of client positions, credit limits and risk appetite ratios for APAC Real Money Funds.
- Maintain and manage credit exposures to clients across derivatives, financing and direct lending products.
- Advise and approve large transactions or deals that require individual risk assessment
- Work with Risk colleagues on risk mitigation at both inception of transactions and on an ongoing basis
- Monitor client portfolios to ensure that risks are controlled - primarily credit risk arising from market sensitive exposure and liquidity risk
- Work with Sales trading and clients to analyze client portfolios, propose counterparty risk limits and work with Credit risk management on getting limits approved
- Perform daily and weekly risk analysis and reporting on existing client portfolios as well as customized risk analysis on new client portfolios
- Communicate key findings to senior management.
- Work with business managers and In-Business Risk teams on margin model development, new product approvals and real-time monitoring and controls
- Analyzing control environment including periodic review of the control environment, vetting of new systems, processes, policies and procedures associated and related to market and/or credit risk and ensuring they are in sync with market practices.
- Utilize risk management tools for the measurement, monitoring and management of exposure.
- Represent the department to various independent risk teams, auditors and regulatory agencies on issues related to counterparty risk and controls.
Developmental Value:
- The team is new, giving opportunity to expand the role as the function grows.
- Learn about risk management and financing products more broadly.
- Influence the strategic direction of the Bank from a risk management perspective.
- Build solid market/credit risk experience as we use cutting-edge risk models and techniques.
Required Knowledge and Experience:
- Experience with funds underwriting.
- Experience with managing market or credit risk and training in finance, mathematics or quantitative fields.
- More than 12 years credit risk experience, preferably gained at a major financial institution.
Skills:
- Strong analytical skills with good attention to details and a demonstrated aptitude for tackling issues
- Ability to work well with cross-functional teams from Business, Credit, Operations and Compliance
- Strong written and verbal communication skills
- Sound risk and business judgment
Education:
- Bachelor’s/Master's degree in mathematics, science, finance/economics or a related field required
- An MBA, CPA, or CFA preferred and formal Credit Training is a plus
Competencies:
- Good communicator.
- Entrepreneurial.
- Strong analytical skills.
- Strong problem-solving abilities.
- Ability to work independently as well as in a team environment.
