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.
Shape your Career with Citi
Citi’s Risk Management organization oversees Citi’s risk governance framework and risk appetite, ensures all risks generated by the firm’s businesses are measured, reviewed, and monitored on an ongoing basis.
We’re currently looking for a high caliber professional to join our team as Assistant Vice President, Credit Portfolio - Hybrid. (Internal Job Title: Senior Vice President - C12) based in Mumbai - India. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
Citi provides 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 empower our employees to manage their financial well-being and help them plan for the future.
Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
In this role, you’re expected to:
Financial Market Infrastructure Risk Management (FIRM) Credit Portfolio Senior Analyst is responsible for the evaluation, management, and approval of memberships and credit reviews. The candidate will also have to interface from a risk management perspective with external bodies including the Financial Market Infrastructures (FMIs), regulators, central banks, and industry bodies.
Conduct new FMI Memberships reviews and Material Changes in existing FMIs.
Timely completion of Membership Risk Rating (MRR) and Obligor Risk Rating (ORR), and preparing loss estimates as well as ensuring ongoing reviews on a periodic basis.
Responsible for evaluation and challenging 1LOD on annual credit reviews as FMI industry specialist
Interact with FMIs on aspects such as model changes relating to margin methodology and guarantee fund methodology and rule book changes in general.
Participate as a reviewer in the new deal review process and NAC (New Approval Committee) when FMI risks are involved with focus on potential risks and risk mitigation.
Ensure timely communication of FMI Risk policy requirements across Asia Clusters and maintain ongoing contact with senior business/product managers across Treasury and Trade Solutions/ Markets, Operations, Credit Risk Management Services, Consumer Bank, New Approval Committee and so on.
Collaborating with Business and Technology teams on automation and data quality issues.
Ensure full compliance with FMI risk policies and procedures as applicable.
Represent FMI Risk on internal and external risk forums/committees as required.
Ensure timely analysis and remediation of regional FMI exposures including reviewing with the relevant desks when breaches occur and provide exposure reporting commentary for senior management and regulators as and when needed.
Assess the impact of emerging risks for existing & new memberships.
Ensure awareness of latest markets news and impact on related FMIs and take actions as required.
Represent Citi and FMI Risk in Industry Group Risk Forums, ISDA (Int’l Swaps and Derivative Association), FIA (Futures Industry Association), IIF (Institute of International Finance), and others as required.
Use available tools and portfolio management techniques to effectively identify and assess trends and risks in the portfolio.
As a successful candidate, you’d ideally have the following skills and exposure:
Qualification/Knowledge/Experience:
Master’s degree preferred with 5 to 10 years’ experience in credit risk management preferably in the financial services industry.
Prior experience in Financial Market Infrastructure Risk Management (FIRM) preferred
In-depth knowledge of financial markets and products such as securities, derivatives (OTC derivatives) and/or cash clearing and/or payment systems. Central Counterparty Clearing House/Payment system experience preferred.
Experience interacting with senior management, regulators, and internal audit as well as managing regulatory examinations and audit reviews.
Experience in driving own book of work and delivering against multiple initiatives.
Skills and Abilities:
Strong oral and written communication skills
Strong analytical and problem-solving ability
Strong attention to detail
Demonstrate integrity, independence, leadership, judgment, and ability to balance risk and reward.
Ability to deal with ambiguity on business issues in reaching decisions.
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
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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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