Citi Group Senior Vice President - Credit Portfolio Officer 

Malaysia, Penang, George Town 

51830772

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.

Counterparty Credit Risk Portfolio Manager is a senior-level position responsible for designing and implementing the governance framework for Counterparty Credit Risk (CCR) with the goal of bringing globally consistent thought process and actions to the CCR management in Citigroup. CCR function includes portfolio management of CCR exposures across all Credit portfolios, oversight of CCR frameworks, pre-trade advisory on complex derivatives and addressing any remediation plans adhering to the best practices and regulatory requirements.

Responsibilities:

• Help implement and operate the 2nd Line Counterparty Credit Risk and controls framework for Citi. Direct the execution strategy for Pre-Settlement Exposure (PSE), Net Stress Exposure (NSE) and various CCR measurements standards across Citi APAC businesses in partnership with Credit Officers, Risk Analytics and Technology and key stakeholders in 1st Line of Defense including Banking, Markets and Institutional Credit Management

• Design and enhance new and existing frameworks, related standards, and procedures for CCR risk management. Partner with a wide range of stakeholders including Global CCR, Credit, Business, Risk Analytics and Technology

• Ensure CCR frameworks, practices and policies applied to all market products, including all Over-The-Counter (OTC) Derivatives across Equity, Foreign Exchange (FX), Fixed Income, Commodities, Credit derivatives; Prime Brokerage, Futures and OTC Clearing, Securities Financing Transactions and Cash trading across all Credit portfolios

• Actively monitor CCR portfolio across business, risk stripes and legal vehicles on the quantum, trend, composition, and work in conjunction with Credit officers and Business partners to ensure CCR exposures remain within risk appetite.

• Focus on early warning and proactive problem recognition based on markets indicators and portfolio concentrations and timely escalate issues to senior management for any action or resolution

• Help 2nd line of defense Credit officers in pre-trade review, challenge, and what-if analysis for new complex derivatives activity with application of CCR frameworks for effective and efficient risk on-boarding

• Support CCR risk management governance by preparing and presenting updates on various CCR pillars to CCR councils and senior management forums

• Support regulatory interactions on the CCR and manage increasing demands of regulatory oversight on CCR including ensuring timely and accurate inputs to regulators

• Oversee tracking and timely completion of any action plans related to any regulatory, internal audit or self-identified CCR issues and the remediation associated with CCR issues

Experience:

• Candidates should have a minimum of 12+ years of experience in a large Financial Institution in Counterparty Credit Risk

• Prior work experience in Counterparty Credit Risk including Exposure and Margin frameworks/models, Stress testing, Wrong-Way Risk, Clearing and Settlement Risk

• Prior work experience in Markets businesses and products across OTC, Prime Brokerage, Clearing and Security Financing /Repo and across range of assets classes and lines of business

• Strong technical expertise of complex derivative structures and understanding of associated first order/second order risks

• Knowledge of Credit documentation and various Credit master agreements, legal terms related to netting/collateral/margin mechanics

• Broad understanding of current market and regulatory environment as applicable to Counterparty Credit Risk

Skills/Competencies:

• Excellent organizational and communication skills

• Superior analytical and quantitative skills and be able to quickly distil transactions/business propositions to key risks

• Strong project and process management skills and the ability to work collaboratively with a wide group of cross-functional stakeholders across levels

• Demonstrated ability to lead meetings/calls, to listen to other points of view, provide appropriate challenge, influence partners and to take decisions with a clear rationale

• Regularly communicates and ensures key messages are cascaded throughout the broader teams

• Demonstrates integrity and sound independent risk judgment and operates to the highest ethical standard, acts as a role model to others

• Ability to work comfortably in a matrix environment

• Self-starter, motivated, aspirational

• Bachelor’s/Universitydegree or equivalent experience

8 AM - 5 PM OR 9 AM - 6 PM

Time Type:

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