Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi, 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.
Institutional Credit Management (ICM), in the 1st line of defense, works closely with our front line businesses to serve as a critical component of our First Line of defense for wholesale and counterparty credit risk management and also with our Independent Risk partners to ensure best-in-class risk and controls, as well as client responsiveness. Key responsibilities include portfolio analysis, documentation, risk identification, management, monitoring, administration, and stress testing.
The ICM Portfolio Associate (PA) will help manage risk appetite and limits management (RALM) for the wholesale credit exposures in the Bank. RALM looks at portfolio health and emerging risks to help define the Bank’s risk appetite. In particular, limits management is a major deliverable for the Bank both in terms of limits setting and limits monitoring and very challenging work can be offered to the right candidate to work on the risk appetite definition of the Bank. RALM is in charge of developing appropriate tools to detect emerging risks and inform on the direction of risk appetite. The Bank is busy improving various frameworks to lead the industry with new cutting edge analysis on wholesale credit.
In this role, the PA will be responsible for liaising with business partners, and assisting in executing the monitoring strategies and priorities, as well as contributing to the calibration of risk appetite, metrics and indicators for maximum efficacy.
The PA should be resourceful with the ability to produce recommendations to the portfolio owners that may include portfolio reviews, stress tests, risk appetite and underwriting criteria recalibrations, reclassification of facilities, risk rating changes, or limits changes among others.
In this role, you’re expected to:
Assisting portfolio management and consistent with industry leading practices and conforms to all internal credit procedures/policies, and all related regulatory expectations
Continuous engagement across ICM and with businesses
Help execute plans, strategy and objectives for RALM in an effective and innovative fashion; assess and report progress in meetings objectives including promotion of a healthy working culture. Such plans may include mitigation/remediation plans to major exposures while negotiating with key business leaders to agree on an appropriate plan.
Coordinate with the Heads of Early Warning Credit Management, other ICM senior managers and key members of governance forums as appropriate to address and escalate emerging risk concerns, and to share best practices
Assist in developing/enhancing Learning, Develop and Training for portfolio management
Support internal projects and initiatives
Support ICM Voice of the Employee (VOE) initiatives
Travel (less than 25%)
As a successful candidate, you’d ideally have the following skills and exposure:
Ability to meet deadlines due to business needs
Independent problem solving skills
Exceptional written and verbal communication skills with strong attention to detail.
Understanding of corporate finance and bank products
Education:
Bachelors degree in Business Administration, Finance or Economics
An MBA, CPA, CFA preferred, and formal credit training is a plus
Financial Services experience (min 4 years) including credit experience in Banking, Trading, Structuring or Risk Management
Global Benefits:
We provide programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.
Take the next step in your career, apply for this role at Citi today
https://jobs.citi.com/dei
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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