Citi Group SVP Enterprise Concentration Risk Management 

United States, District of Columbia, Washington 

475105401

Enterprise Concentration Risk Management (ECRM) is an enterprise-wide risk management function that encompasses credit risk, market risk, liquidity risk and operational risk. ECRM is part of the overall Enterprise Risk Management (ERM) Organization. The SVP Enterprise Concentration Risk Management – Analytics and New Initiatives is focused on supporting and enhancing the concentration risk framework at Citi. The individual will be responsible for providing concentration related subject matter expertise in concentration risk management to relevant stakeholders with focus on Counterparty Credit Risk.

The role encompasses:

• reviewing and challenging concentration risk identification framework (including any metrics) in coordination with risk and business management
• monitoring existing and emerging concentration risks to develop relevant concentration risk driven narrative for Senior Management and to the Board reports
• Design and develop approach to identify concentration risk concentrations across different Citi businesses and cross risk correlations

As the SVP Enterprise Concentration Risk Management, you will play a critical role in identifying, assessing, and mitigating risks across Citi. You will collaborate with senior leadership across multiple risk stripes and various business units to ensure effective risk management practices. If you have a strong background in ERM, particularly within the banking sector, and can communicate complex risk concepts persuasively, we’d love to hear from you!

Responsibilities:

• Risk Assessment and Identification
• Risk Monitoring and Measurement- Lead robust review and challenge sessions with key stakeholders across Wholesale Credit Risk to enhance concentration related key risk indicators (KRIs) and monitor their exposure.
• Concentration Risk Management- Lead robust review and challenge sessions with key stakeholders to ensure concentration limits are appropriately calibrated
• Risk Reporting and Communication - Prepare clear, concise, and compelling risk reports for senior management and the Board by synthesizing key concentration issues that impact Citi. Articulate complex risk issues in a way that resonates with diverse audiences.
• Regulatory Compliance- Prior experience of with implementation of frameworks related to OCC's Heightened Standard is extremely desirable. Knowledge of regulatory requirements around management of Concentration Risks at large banks is required.
• Adherence to Policy and Procedures - Ensure all monitoring and reporting procedures align with ECRM risk policies and work effectively with individual business risk policies as they pertain to ECRM.

Qualifications:

• Strong background in Financial Risk Management
• 8-12 years of Risk Management experience at large banks with at least 4 years of hands-on experience in Enterprise Risk Management
• Broad understanding of different risk stripes (e.g. credit, market, operational) within ECRM framework, with solid expertise in Counterparty Credit Risk.
• Familiarity with Regulatory expectation around Concentration Risk will be extremely helpful
• Strong analytical skills and the candidate should have the ability to link common risks across different risk areas

Education:

• Bachelor's degree/University degree or equivalent experience
• Master's degree preferred
• Certified Risk Professional (CRP), Financial Risk Manager (FRM), or similar certifications is desirable

Anticipated Posting Close Date:

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