Credit Trader jobs at Citi Group in China

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

Shape your Career with Citi

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.

In this role, you’re expected to:

FIG&CCR is part of the Banking & International Risk (BIR) group, which oversees risk management of Wholesale Credit, International and Legacy Franchises. BIR provides second line of defense oversight, review and challenge over our lending and counterparty credit activities globally. We collaborate with our key partners in the first line of defense, including Institutional Credit Management (ICM) function to manage capabilities across our Wholesale Credit businesses, underpinned by a common Wholesale Credit Risk Framework and Policy. Key Activities include:

• Support the risk coverage of the Financial Institutions and Counterparty Credit (FIG&CCR) Portfolio for regional fund & hedge fund counterparties and provide local Hong Kong credit portfolio oversight, reporting to the Funds & Hedge Funds Cluster Head for FIG&CCR.
• Responsible for the review and challenge of financial analysis, risk assessment and credit structure recommendation for cash flow lending products and counterparty credit limits.
• Make recommendations or provide approvals to mitigate Counterparty Credit Risk including collateral management, netting agreements, and credit derivatives.
• Facilitate negotiation, review and challenge and approval of exceptions relating to Imaster trading agreements, collateral agreements, and other legal documents to ensure proper risk mitigation.
• Supplement analysis with research and evaluations from a wide variety of sources to develop an assessment of client, competitor/ industry risks and trends for senior management.
• Monitor the assigned credit portfolio and complete periodic reviews, maintaining a thorough understanding of the content and aggregate risks within the portfolio, trends and other key statistics
• Monitor and manage exceptions on counterparty exposure limits and concentrations.
• Supports the Hong Kong Chief Risk Officer (CRO) meeting regulatory expectations, new regulation implementation and handling queries from HKMA and SFC that are specific to the FIG&CCR portfolio booked in Hong Kong legal entities.

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

• 5 to 8+ years credit and analytical experience required.
• Proven track record of successfully overseeing financial institutions risk portfolios in the FIG&CCR space, preferably with prior experience covering funds and hedge funds counterparties.
• Strong product knowledge and understanding, e.g. swaps, futures, and repos, as well as the agreements that govern them such as ISDA/CSA and GMRA.
• Ability to operate in a fast-paced environment, characterized by a high volume of time-sensitive approvals, which requires proactivity and strong prioritization skills.
• Excellent communication and diplomacy skills required to negotiate internally, often at a senior level and occasionally with clients.
• Effective verbal and written communication skills.
• Strategic professional who closely follows latest trends in own field and adapts them for application within role.
• Bachelor’s/University degree, Master’s degree preferred.

Time Type:

Responsibilities:

• Develop the fundamental risk view and assign the risk settings on a portfolio of countries/counterparts and ensure that this view is adequately reflected in a wide range of sovereign/country exposures
• Assign the Watchlist designation for countries in partnership with CCOs/Banking Heads; establish early warning indicators with relevant stakeholders as appropriate
• Assign internal risk ratings for sovereign credit and cross-border risk with accompanying written assessments.
• Develop scenarios and macroeconomic/financial assumptions as needed for country-specific stress tests
• Conduct research and analysis on a wide range of topics to develop views on global/ regional macro conditions and sovereign credit assessments
• Support Regional Heads of SCM to develop and maintain any relevant models used by the team
• Support Regional Heads of SCM to develop a wide range of frameworks/early-warning indicators for anticipating a wide range of country crises
• Partner closely with stakeholders across the firm (both in Business and Risk)
• Participate in the ongoing efforts to develop and improve sovereign credit rating models
• Deepen the team’s connectivity with a wide range of market participants/policymakers
• Adhere to controls and governance around SCM’s processes
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards
• Ensure that SCM’s views are effectively disseminated throughout relevant parts of the firm (both in Business and Risk), particularly with regional and country management
• More experienced sovereign analysts would be expected to train and develop less experienced sovereign analysts
• Represent Citi on critical regulatory matters as required; serve as liaison with regulatory examiners/Internal Audit and oversee the implementation of related remediation

Qualifications:

• Sovereign credit analyst/macroeconomist with experience gained at top-tier global financial institutions, central banks (Fed, BoE, ECB), rating agencies or multilateral institutions/development banks such as the IMF/World Bank/EBRD
• Experience in working with finance ministries and central banks
• Experience with developing frameworks for sovereign credit analysis
• Experience with developing quantitative models for estimating sovereign default probability
• Outstanding communication skills (oral and writing), with the ability to convey complex economic concepts to a wide range of audiences
• Outstanding visual presentation skills with ability to tell an economic story via simple charts/visuals
• Highly motivated, team oriented, organized
• Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholders
• Demonstrated ability to concomitantly work and deliver on multiple projects/tasks on a wide range of topics
• Ability to influence and lead people across cultures using sound judgment and successful execution, understanding how to operate effectively across diverse businesses
• Comfort navigating complex, highly-matrixed organizations and acting as an agent for positive change with agility and flexibility

Education:

• Master’s degree (or equivalent) in macroeconomics, international finance, or related disciplines from a top-tier institution

Time Type:

Responsibilities:

• Market Citigroup’s execution capabilities, contribute to team strategy and deliver a high level of customer service
• Develop new relationships, cement current relationships and share existing relationships with Citi colleagues
• Offer certain client full sales trading plus trading coverage and ensure compliance with all relevant regulations and internal policy
• Develop client from acquisition to ownership of high profile institutional accounts
• Lead strong governance and controls
• Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance in order to ensure appropriate governance and control infrastructure
• Build a culture of responsible finance, good governance and supervision, expense discipline and ethics
• Appropriately assess risk/reward of transactions when making business decisions; demonstrating proper consideration for the firm’s reputation
• Be familiar with and adhere to Citi’s Code of Conduct and the Plan of Supervision for Global Markets and Securities Services
• Adhere to all policies and procedures as defined by your role which will be communicated to you
• Obtain and maintain allregistrations/licenseswhich are required for your role, within the appropriate timeframe
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 10+ years of sales trading experience
• In-depth knowledge of equity analysis, market dynamics and fundamentals,
• In-depth knowledge of financial institutions asset classes and products
• Proven client relationships and institutional client-specific knowledge
• Knowledge of equity trading, trading strategies, the market place and market issues
• Consistently demonstrate clear and concise written and verbal communication
• Proven negotiation and persuasion skills and fluency in additional languages preferred

Education:

• Bachelor's degree/University degree or equivalent experience

Time Type:

Hybrid(Internal Job Title: Credit Initiation Manager– C12) based in Hong Kong.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.

In this role, you’re expected to:

• Manage day to day operational works related to Secured Lending Products (Mortgage, Investment Lending and Premium Financing Loans), including but not limited to new application, credit line changes, annual renewal, account credit maintenance request as well as to achieve service / productivity standards, ensure work quality and take appropriate action to optimize risk-reward outcome. Ensure adequate resources are in place from time to time to support business applications volume.
• Monitor & ensure all processes are in compliance with credit policies, operating procedures and local regulatory requirements through effective execution of control program such as self-assessment, day 2 review, quality assurance framework etc.: report to Department Head for any control processing deficiencies issues.
• Review and identify opportunities to eliminate, automate or improve the workflow and process for productivity gain, cost efficiency and service improvement.
• Collaborate with various stakeholders such as Products, Risk Management, Technology, Regional Office (Other markets counterpart), other operation units and government statutory bodies to drive various business initiatives, enhancing applications processing & approval, other account credit maintenance request, post approval processes and government guarantee programs.
• Provide training and individual development guidance to staff, manages staff performance, makes compensation decision and manage staff career development.
• Perform credit analysis during credit assessment and exercise sound credit judgement in evaluating Secured Lending Products applications and account maintenance requests with compliance to the established guidelines / policies and maintain a balance thought between risk and business.

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

• 5-8 years of experience in a related role
• Intermediate to senior level experience in a related role with commensurate people management experience preferred.
• Demonstrated ability to resolve issues utilizing in-depth disciplinary knowledge of concepts and procedures.
• Consistently demonstrates clear and concise written and verbal communication.
• Bachelor’s degree/University degree or equivalent experience

Time Type:

Responsibilities:

• Oversee a trading book and generate revenues and manage risk for the respective business
• Coordinate with Sales, Research, CMand and other organizations across Markets and Securities Services and the broader business
• Trade a book and deliver on budgeted revenues and manage book risk
• Establish and maintain key relationships to deliver trades to the desk
• Anticipate client demand in each respective product/market
• Coordinate with desk analysts as needed and with sales to develop the franchise
• Leading strong governance and controls:
• Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance in order to ensure appropriate governance and control infrastructure
• Build a culture of responsible finance, good governance and supervision, expense discipline and ethics
• Appropriately assess risk/reward of transactions when making business decisions; demonstrating proper consideration for the firm’s reputation.
• Be familiar with and adhere to Citi’s Code of Conduct and the Plan of Supervision for Global Markets and Securities Services
• Adhere to all policies and procedures as defined by your role which will be communicated to you
• Obtain and maintain all registrations/licenses which are required for your role, within the appropriate timeframe
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 6-10 years of experience in a related role
• Knowledge of respective products and clients
• Required licensing and registrations as applicable
• Advance analytical and numerical competency
• Consistently demonstrates clear and concise written and verbal communication
• Effective interpersonal skills to develop and maintain relationships with internal and external stakeholders
• Ability to analyze and pitch situations and determine suitable counterparties
• Knowledge of Bloomberg, booking systems, trading protocol, closing technicalities

Education:

• Bachelor’s degree/University degree or equivalent experience
• Master’s degree preferred

Time Type:

Hybrid(Internal Job Title: Credit Maint Analyst – C10) based in Hong Kong.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.

In this role, you’re expected to:

• Support processing and credit underwriting functions on Lending Products Applications (Mortgage, Investment and Premium Financing Loans) and processed within the established processing turnaround time as well as meeting productivity benchmark.
• Perform credit assessment activities (including client profiling assessment, credit risk analysis, credit proposal writes up and credit underwriting for new application / line maintenance / annual review) for consumer clients.
• Make evaluative judgements based on the analysis of application and client information.
• Analyze/evaluate credit reports as well as coordinate and follow up on actions plans, implementations, and related defects.
• Review client’s application and loan documents as part of credit underwriting process
• Render support on quality check (eg. day 2 review, quality assurance framework, etc) to ensure compliance with the regulatory requirement, prevailing policy, and procedure.
• Support projects, development of new workflows and procedures to simplify credit underwriting and post-approval process whenever deemed necessary.
• Provide administrative support surrounding application processing and portfolio activities (like conducting annual review on existing account holders)
• Provide training to junior staff / new hire where necessary.
• Support various control tasks where necessary (eg. Support department manager or supervisor in collating samplings for Audit Review)
• Appropriately assess risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets, by driving compliance with applicable laws, rules, and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing, and reporting control issues with transparency.

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

• 2-5 years prior experience in a financial institution
• Experience in credit operations or similar position
• Ability to work in a team-oriented environment.
• Bachelor’s degree/University degree or equivalent experience

Time Type:

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The Credit Risk Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.Responsibilities:

• Assess quality of assigned portfolios, including identification and evaluation of emerging risks
• Assess effectiveness of the credit risk processes and standards of assigned entities to promote leading practices and identify opportunities for improvements
• Review and assess the appropriateness, completeness and usage trends of the credit risk components of the Risk Appetite framework for the assigned portfolios
• Provide autonomous assessment of the accuracy and appropriateness of risk ratings and classifications of the assigned portfolios
• Assess business/risk staffing models to ensure appropriate resources for assigned entities
• Ensure that Corrective Action Plans for assigned businesses are appropriate, monitored and duly validated addressing concerns resulting from Fundamental Credit Risk Reviews or Business Monitoring.
• Ensure that Fundamental Credit Risk documents including the Credit Assessment Documents and the Fundamental Credit Review Reports meet quality and consistency standards
• Keep Fundamental Credit Risk senior management informed of any concerns and/or emerging risks that may jeopardize their Review Entities.
• Significant impact on the area through complex deliverables.
• Provides advice and counsel related to the technology or operations of the business.
• Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.
• Typically deals with complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting needs.
• Demonstrate Quality Assurance activities as Subject Matter Expert
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 6-10 years relevant experience
• Requires good analytical skills in order to filter, prioritize and validate potentially complex material from multiple sources.
• Exercises wide degree of latitude and discretion.

Education:

• Bachelor’s/University degree, 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.

Time Type:

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