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 includestress testing,credit analysisrisk identification, exposure monitoring and
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 or credit risk management, risk analytics and/or model development.
Key Responsibilities:
- Develop and enhance tools for the measurement, monitoring and management of counterparty exposure including PFE, risk capital, wrong way risk and stress testing.
- Actively liase with sales trading, CVA and market risk managers to ensure comprehensive coverage of counterparty and liquidity risk measures across all derivatives and financing products.
- Closely work with Quantitative risk and Markets analytics teams, Technology and Model Validation groups on CCR model development and evolution of CCR models to address new products or risk areas.
- Work with business managers and In-Business Risk teams on margin model development, new product approvals and realtime monitoring and controls
- Monitor client portfolios to ensure that risks are controlled - primarily credit risk arising from market sensitive exposure and liquidity risk, but also documentation, legal and reputational risks.
- 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 and act as the chair for CCR and in-business risk forums as appropriate.
- Put together presentations and documents for internal and external use on various topics including describing the functions of the Risk Group, stress methodologies, and summarizing risk issues.
- 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.
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 managing market or credit risk OR training in finance, mathematics or quantitative fields
- Relevant market risk experience across multiples asset classes including rates, equities, credit and commodities
- Experience in working on large scale risk technology projects and/or model development
Skills:
- Strong analytical skills with good attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modelling and assimilation of data into a working product
- Large scale project management skills spanning risk and technology
Operations and Compliance:
- Strong written and verbal communication skills
- Sound risk and business judgment
- Stress testing skills essential, instrument modelling skills desirable.
- Strong Excel skills ideally incorporating VBA (Visual Basic for Applications)
- Programming skills in Python, R or other statistical languages is a plus
Qualifications:
- 3 years plus years of relevant experience
- Knowledge of commercial risk analytics
- Ability to apply credit and risk principles toward business goals
- Demonstrated ability to synthesize, prioritize and drive results with a sense of urgency
- Proven ability to remain organized in a fast-paced environment, managing multiple projects
- Proven interpersonal, organizational and analytic skills
Education:
- Bachelor's degree/University degree or equivalent experience
Risk ManagementCredit & Portfolio Risk ManagementFull timeNew York New York United States$109,120.00 - $163,680.00
Anticipated Posting Close Date:
Sep 24, 2024View the " " poster. View the .
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