Job Description
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 CitiCiti’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 - Services Cash Credit Risk Management - C12 - Hybrid. (Internal Job Title: Assistant 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: The Services Cash Credit Risk Management team is a subset of Services Risk Management, which consists of a core group of professional risk managers who develop, design and implement active risk management strategies for the entire business front to back. Most of the current work encompasses managing credit risk, process risk in payment and liquidity business, intra-day exposure, balance sheet exposure and pro-active portfolio analysis. Services Cash Risk Management is a vertical unit providing full range of risk advisory services to the front line businesses in their product implementation and partners with Operations, Technology, Compliance and Legal to mitigate P&L impacts to Services Business. Role Scope:Daily clearing limit excesses for Services Cash and SS businesses. (3000+ a month) management of Follow-the-Sun, clearing optimizationClearing and OD excess monitoring and challenges at a client and portfolio leveI.Responsibilities:Authorize payments and securities services (SecSvcs) limit excess approvals across Western Europe, manage follow the sun limit allocationsProvide analysis in collaboration with 1LOD on the portfolio, offering recommendations for line risk reviews reviews in downgrades and distressed client/country casesPartner with the first line of defense (LOD) to optimize clearing limits for the assigned portfolio.Evaluate and challenge overdraft exceptions, ensuring their resolution in coordination with relationship management units.As a successful candidate, you’d ideally have the following skills and exposure: Experience:Overall 8+ years experienceThe role requires a detailed understanding of payments, securities services and creditprocesses in the firm to enable the incumbent to make connections to challenge and advise business effectively Product subject matter expertise and well rounded risk management experience are key complimentary requirements for the successful incumbentA good understanding of TTS Payments products, LMS and Securities Services products, their set ups and interactions with risk and product systemsKnowledge on following Citi specific tools/systems will be also very helpful given the Optima, Facility Management, GCCS (Securities), RBCS/ Flexcube.Individual contributor for the product he/she manages with ability to develop credibility, strengthening their communication skills and developing influencing skillsEducation:Bachelor’s/University degree or equivalent experienceWorking 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 todayhttps://jobs.citi.com/dei------------------------------------------------------Job Family Group: Risk Management------------------------------------------------------Job Family:Credit & Portfolio Risk Management------------------------------------------------------Time Type:Full time------------------------------------------------------Citi is an equal opportunity and affirmative action employer.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.Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.View the "EEO is the Law" poster. View the EEO is the Law Supplement.View the EEO Policy Statement.View the Pay Transparency Posting
