Citi Group VP Enterprise Concentration Risk Management 

Canada, Ontario 

972151609

About the Group:

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 VP 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 stress testing and analytics. The role encompasses:

• Identify, monitor, and report or concentration risks that arise from different business and risk types, and cross-risk correlation between portfolios.
• Establish effective linkages between enterprise concentration risk management and other firmwide initiatives (risk identification, risk appetite, stress testing, etc.) to quantify, manage and mitigate material and emerging concentrations.

Responsibilities

• Risk Identification and Monitoring- Conduct comprehensive risk assessments & analysis to identify material and emerging concentration and correlation risks and evaluate potential concentration implications at enterprise level.
• Risk Assessment and Communication– Lead robust discussions with methodology owners and relevant stakeholders on the interpretations of outcomes to identify concentrations and fundamental risk drivers with concentration impact and recommend appropriate risk mitigation strategies.
• Risk Reporting and Escalation- Prepare clear, concise, and compelling risk reports for Senior Management and the Board by synthesizing key concentration issues that impact Citi.
• New initiatives and framework enhancement– Develop new approach and support continued enhancement of existing concentration risk stress analytics framework for more effective comprehensive concentration risk management.
• Adherence to Policy and Procedures- Ensure all concentration analytics procedures align with policies and work effectively with individual business risk policies as they pertain to ECRM.

Qualifications

• Strong background in Financial Risk Management with at least 6 -10 years of hands-on experience in enterprise risk management and/or stress testing and risk analytics
• Strong analytical skills and the ability to link common risks across different risk areas.
• Broad understanding of quantitative risk stripes (e.g. credit, market) and good understanding of stress testing models and approaches.
• Foundational knowledge of financial products, risk management processes and controls. Knowledge of regulatory requirements around risk management at large banks will be extremely helpful.
• Good verbal and written communication skills and influencing skill. Excellent proficiency in Microsoft Office.

Education:

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

Time Type:

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