Citi Group SVP Wealth Management Residential Real Estate Risk Policy Senior Officer 

United States, Texas, Houston 

790962149

TheWealth Residential Real Estate (RRE) Risk Policy Senior Officerprovides independent risk policy and portfolio management oversight for RRE lending, including reports and portfolio analysis thought the credit cycle. In addition, this role is responsible of the development and implementation of a comprehensive WM RRE Lending Policy, Control, Approval & Governance framework within the Retail Credit Risk Policy, standard and procedures.

Responsibilities:

• Monitor credit quality and the performance of new loans against approved benchmarks and risk appetite. Where warranted, adjust credit policies and processes to ensure performance are within established risk appetite.
• Working in partnership with the Residential Real Estate (RRE) business units, participate in defining target market / business strategy and the performance and return metrics that comply with corporate standards as appropriate to the local operating environment.
• Provide independent Risk monitoring of key performance metrics, lagging and leading indicators, various ad-hoc analytics and work with reporting teams in the 1LOD and 2LOD teams to ensure transparency and alignment of information and direction.
• Proactively identify emerging risk issues and develop mitigation actions as appropriate.
• Provide risk oversight to the Residential Real Estate (RRE) business units to ensure appropriate credit product program governance, approval processes, loans quality control and assurance, portfolio monitoring, collection management and systems capabilities.
• Provide oversight to the relevant business and operation units to ensure that credit processes and staffing are appropriate, effective, and executed in full compliance with policies, both local and corporate.
• Provide support to Wealth Management Residential Real Estate Risk Lead for various Risk Management Committees. Actively participate in various risk and business forums.
• Support the Wealth Management Residential Real Estate Risk Head in regulatory and key stakeholders’ management. Actively participate in various risk and business forums. Maintain close transparent communication to ensure all stakeholders are fully apprised of the strategy, performance and events that could impact the portfolio.
• Maintain a strong control environment at all times; escalate critical issues in accordance with corporate protocols and/or based on prudent judgment.
• Lead and/or work on ad hoc Risk projects, Wealth Management data oversight, Policy Governance, Regulatory remediation relating to the Residential Real Estate portfolio.

Experience / Qualifications

• Extensive previous risk management experience (10+ years) in retail risk management with knowledge of residential real estate markets in the United States and regulatory management
• Experience in data management, advanced analytics, portfolio MIS using SAS or similar software system for data analysis and report writing.
• Experience in Residential Real Estate credit policies and processes.
• Experience in executing on global initiatives across multiple regions and countries. The ability to work with a diverse group of stakeholders to achieve milestones and meet deadlines
• Leadership, people and stakeholders management experience
• Effective written and verbal communication skills
• Proficient in MS Office applications (Excel, Word, Power Point)
• Desire experience in underwriting large ticket / complex Residential Real Estate financing transactions for high net worth and professional clients

Education

• Bachelor’s / University degree or equivalent qualification
• MBA or equivalent graduate studies is a plus

Anticipated Posting Close Date:

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