Job details
Institutional Credit Management (ICM) works closely with our Banking & International businesses to serve as a critical component of our First Line of defence for wholesale and counterparty credit risk management and also with our Independent Risk partners to ensure best-in-class risk and controls, as well as client responsiveness. Key responsibilities include portfolio analysis, documentation, risk identification, management, monitoring, administration, and stress testing.
The ICM Legal Entity Portfolio Manager will report into the Portfolio Management – Legal Entity chain and will be responsible for managing the processes and systems for the detection of early signals of distress within legal entity wholesale portfolio, through a selected number of metrics and indicators for Portfolio Health, Risk appetite and Limits Management and Early Warning.
In this role, the Legal Entity Portfolio Manager will be responsible for liaising with other teams within ICM Portfolio Management, other ICM teams, Risk Management, and business partners, and executing on the monitoring strategies and priorities, as well as contributing to the calibration of alerts, metrics and indicators for maximum efficacy.
The Legal Entity Portfolio Manager is expected to produce recommendations to the portfolio owners that may include portfolio reviews, stress tests, risk appetite and underwriting criteria recalibrations, reclassification of facilities, risk rating changes among others.
Key Responsibilities:
- Ensuring the portfolio management of applicable portfolio is consistent with industry leading practices and conforms to all internal credit procedures/policies, and all related regulatory expectations
- Continuous engagement across ICM and with Wholesale businesses and Independent Risk senior stakeholders
- understand any concerns regarding execution of EW / portfolio alerts and/or emerging risks which will need to be addressed by the team
- Execute plans, strategy and objectives for EWCM / PMLE in an effective and innovative fashion; assess and report progress in meetings objectives including promotion of a healthy working culture
- Partner with applicable global, regional and industry stakeholders across ICM and within WCR and Independent Risk in the design and calibration of metrics and indicators for EW and Portfolio Health, and credit monitoring standards for applicable portfolios
- Assist in retaining talent; participate in budget development and monitoring of expenses
- Assist as Subject Matter Expert in developing/enhancing Learning, Develop and Training for EWCM and PMLE; participate as guest speakers
- Support PMLE, ICM, and WCR on internal projects and initiatives
- Support PMLE and ICM Voice of the Employee (VOE) initiatives
- Travel (less than 25%)
Qualifications:
- Degree in Finance or Accounting or higher degree in Business (MBA), or any other related subject
- An MBA, CPA, CFA preferred, and formal credit training is a plus
- Financial Services experience including 6+ years of credit experience in Banking or Credit Risk Management
Experience and requirements for the role:
- Superior risk assessment skills
- Fully conversant in credit policy and risk principles and perceived as a respected carrier of risk culture
- Ability to recognize and address major types of risk, including market, operational and cross border
- Solid knowledge in risk and regulatory capital issues as they relate to transactions, portfolios and businesses
- Proactively engages team, partners and seniors to collaborate holistic client-centric approach
- Highly Effective interpersonal skills
- Solid organizational skills
- Exceptional written and verbal communication skills
- Credit Underwriting experience is an advantage
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Portfolio Credit Risk Management------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location Full Time Salary Range:
Ft14,768,850.00 - Ft24,762,350.00------------------------------------------------------
Most Relevant Skills
Analytical Thinking, Constructive Debate, Escalation Management, Industry Knowledge, Policy and Procedure, Policy and Regulation, Process Execution, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
Automated Processing and AI
We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.
Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.
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This job opening is for an existing job vacancy.
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