VP, Portfolio Risk Manager-18015048
Description About CitiCiti, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. Citi’s Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients’ and the public’s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities. Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all. Business Overview:The Commercial Risk organization is responsible for independent risk management of Citi’s Commercial Bank (CCB) business organization. The CCB business exists in more than 25 countries and represents a market segment covering commercial customers generally with sales up to $500MM. The Global Commercial Wholesale portfolio is worth $50 billion in asset terms.Position ObjectiveThis position will provide a critical analytical oversight and support to the Global Commercial Risk Analytics Team which is involved in projects that impact all countries of the Commercial Bank presence. Duties require strong credit and analytical skills in portfolio management, credit risk and credit policies knowledge and to some extent data management and synthesized reporting abilities. The analyst will handle a mix of ongoing responsibilities, taking ownership of some of the team's processes as well get involved in ad hoc projects having an opportunity to work with several different Citi's Organizations, including Commercial Risk and Business around the globe, FRA, FRI, FP&A, FRO. He or she should have a strong interest in portfolio analytics and management and in the challenges associated with overseeing and supporting the global business. The position will provide a broad on the job learning experience with further career opportunities within the Global Commercial Risk.Key Responsibilities20% - Co-lead the Quarterly Wholesale Capital Governance process in the Commercial Bank. The function includes oversight of the Basel RWA data preparation and distribution by FRI, conducting in-depth analysis of the trends and reasons, optimization and escalation of any issues related to Advanced and Standardized Basel Wholesale parameters. The position will be responsible to further expand and develop the Capital Governance analytics for other Risk-measures used across the Citi, including Economic Risk Capital and Tangible Common Equity. The position will take active part in presenting in the quarterly reviews conducted with the Commercial CRO and the Regional Risk Heads around the globe. 10% - The position will be responsible for review, analysis and communication of impacts on the portfolio resulting from the annual update of Basel parameters such as PD, LGD, EAD and CCF, affecting Bank’s Capital adequacy and profitability and internal facility risk ratings.10% - The position takes ownership of coordinating the Bank's semi-annual CCAR stress testing process which include ensuring accuracy and completeness of the Commercial Wholesale portfolio, escalating and resolving encountered issues and process improvements to the data and modeling teams involved in CCAR and the Commercial businesses, reviewing macroeconomic assumptions and formulating general expectations on scenario severity, participating in review and overlay process for Commercial Wholesale C&I and CRE portfolios, accommodating any FP&A deliverables for the reviews with Citi Senior Management (GCB CEO and Citi CEO).15% - Actively participate and in parts take ownership, in the development, revision and updates of the Wholesale Risk Rating Methodologies (ORR/FRR) for all credit products offered by the Commercial Bank globally, and coordination with ICG, CPB, CORA and Commercial Businesses on the common risk rating methodologies used. The function includes UAT and usability review of the FRR calculator updates and Obligor Risk Rating Scorecards. 15% - Primary point of contact in providing guidance, assistance and training on the proper application of Risk Rating Methodologies to the various levels of Credit Officers in Business and Risk (including SCO and Country Risk or Business Heads) from all Commercial countries and to the Fundamental Credit Review. 15% - Establish, manage and own CCB dedicated Citi Collaborate website to facilitate the communication with Risk and Business on the Risk Rating related matters, improving awareness and enforcing importance of the subject. Establish, manage and own the Risk Ratings Data Quality process for the Commercial Bank to ensure risk ratings accuracy across the portfolio. 5% - Design, generate and maintain ad hoc portfolio analysis and presentations formulated to assist in Global Risk Oversight’s portfolio management responsibilities and for regulatory purposes.5% - Engage in projects driven by Policy changes, Risk Architecture and/or Re-engineering initiatives primary related to the Basel, CCAR and Risk Rating Methodologies for Wholesale exposures.5% - Support risk / return analytics for the CCB portfolio.The position will directly report to C-14/SVP Risk Reporting Group Manager and is designated to serve as his backup.
Qualifications Knowledge and Experience- Experience in financial institution and credit underwriting/analytics and data analytics role - REQUIRED- Good knowledge of credit risk concepts, including risk rating methodologies and application - REQUIRED- Knowledge of Basel III concepts- Knowledge of CCAR requirements- Familiarity with Citibank credit policies including risk ratings, procedures and risk reporting systems- Knowledge of wholesale credit and banking products- Some knowledge of loan loss reserve fundamentals- Some knowledge of Risk Return conceptsSkills and Competencies- Highly proficient in MS Office (Excel, PowerPoint, Word)- Detail oriented, able to work independently and to prioritize workload and meet hard deadlines. Self-learner and eager to learn and grow.- Excellent written and verbal communication skills - ability to communicate concisely and clearly, especially with overseas businesses.- Strong Interpersonal skills, ability to work in a team environment and eagerness to learn.- Energetic, responsive team player willing to take initiative and work in a fast-paced environment.Qualifications- BS or BA- min. 6-10 years of experience with at least 2 years in a current role
EEO Statement: Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity Pay Transparency: Citi won’t discriminate against anyone for discussing pay, but those with access to pay data in their work can’t disclose it unless responding to complaints/investigations or legal requirements.