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Inter-affiliate risk management from the legal vehicle perspective has become a topic of great interest from a global regulatory perspective; prudential regulators around the world are focusing more on the relationships legal entities have with affiliates than ever before.  Citigroup Inc. (Citi) is a financial services holding company. The Company's whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, uses a vast footprint of subsidiaries to do so.  In order to offer services to the widest range of clients Citi is present in 97 countries, jurisdictions, and offer services in over 160 countries and jurisdictions.  In this role, the successful candidate will assist in developing and implementing the strategic risk governance framework to Citi’s risk management of affiliate credit relationships.

 

In this role, you’re expected to:

• Manage Inter-Affiliate relationships and maintain an in-depth understanding of the Firm's Global Booking Model

• Coordinated across the first and second lines of defense to ensure a robust and comprehensive risk management framework is established across multiple stakeholders

• Ensure Citi's use of Inter-Affiliates is in line with policy and regulatory guidance; specific aspects include: strategy, governance, metrics and reporting, inventory and segmentation, risk assessments, technology and data

• Partner with technology SMEs and direct project support resources to ensure efficient resolution of risk valuation issues in accordance with Citi's commitment to management inter-affiliate exposure

• Coordinate with legal entity risk management and other key stakeholders across the firm in order to establish and renew credit limits on an annual basis

• Partner with risk management colleagues globally to ensure inter-affiliate risk management requirements are firmly rooted in the global risk management framework across all regions, and legal entities 

• Develop credit profiles for affiliates based on stand-alone financial disclosures

• Manage, track, and coordinate data and structural remediation projects regarding inter-affiliate risk management

• Develop a high degree of technical and policy understanding with respect to business credit processing.

• Develop and maintain effective working relationships with colleagues in other areas of Risk, Finance, Treasury, Legal Vehicle management, and the Business

As a successful candidate, you’d ideally have the following skills and exposure:

• 10+ Years of business experience; preferably in Credit Risk, Audit, Compliance, or Finance

• Working Knowledge of pertinent regulations including Reg W, Reg K, MRNCCD, Section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and FDIC’s Covered Insured Depository Institution Response requirements.

• In depth knowledge of Citi’s corporate structure

• Working knowledge of Citi’s Resolution and Recovery plan to include in depth knowledge of Citi’s Material Legal Entity (MLE) structure.

• Familiarity with CitiRisk and other internal technology platforms preferred.

• Knowledge of a wide variety of capital markets products is a must

• Working knowledge of credit risk valuation and calculations preferred 

• Project Management skills

• Self-starter able to take on projects with minimal guidance or supervision.

• Strong presentation skills

• Ability to work in a team environment or as an individual

Education:

• Bachelor's degree/University degree or equivalent experience

• Master's degree preferred

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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Job Family Group:

Risk Management

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Job Family:

Credit Risk

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Constructive Debate, Escalation Management, Financial Analysis, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

 

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