Senior Independent Risk Approver

Citibank - More jobs by this advertiser
Senior Independent Risk Approver-18072586
Description
 Job Description
  • Position Title: Senior Independent Risk Approver
  • Business Group: GCG
  • Department: Independent Risk
  • Grade/Level: Senior Vice President / C14
  • Function/Group: Citi Commercial Bank
  • Location: Mumbai
  • Financial/Budgetary: Minimizing cost-of-credit through sound credit approval and alert monitoring – and leading implementation of account strategies.
  • Individual Contributor (IC)/Managerial: Individual Contributor.
  • Relocation: No

Role Outline/Job Summary
The Independent Risk Approver would be responsible for credit assessment, approval and monitoring of all credits in the portfolios under his/her ambit. These would be SME and MME customers from the target market segments. To begin with the approver may need to operate initially from Mumbai; the approver however should be prepared for relocation to other city per need of the unit. The work responsibilities would also include execution of a few specific projects, assignments related to portfolio, industry, regulations etc.
In order to function effectively, the Independent Risk Approver should have an in depth understanding of varied businesses and the key success factors within each of the key industry segments. This is essential so that decisions can be taken in a well-informed, timely and balanced manner.
The individual is expected to play a leadership role in implementing risk culture within the region covered – a risk culture that places premium on timely decisions to meet customer expectations, rigorous portfolio monitoring and early identification of credit trends so that optimum account strategies can be devised and effectively implemented.
Other key result areas that form part of the said role are contributing towards design and implementation of an overall risk management framework and providing support / training to colleagues on nascent risk topics / policies, etc. to build risk awareness within the unit.
The person is also expected to be a team player and contribute effectively through projects and additional responsibilities including related to Citi Risk implementation which may arise from time to time.
Role and Responsibilities
Business/Department Objectives
  • Assist the Business in establishing risk management practices for the approval, measurement, reporting, monitoring, control and analysis of risk.
  • Establishing a risk management culture that promotes good analysis, judgment, flexibility and balance between risk and reward.
  • Undertaking approvals of credit proposals for customers from the CCB target segment.
  • Performing proactive risk management of transactional and portfolio activities; monitoring the credit risk performance of portfolios.

Key Responsibilities
Approvals:
  • Providing independent review and approval of extensions of credit.
  • Being part of a team working on episodic transactions to decide appropriate credit and exposure strategy.
  • Exercise independent credit underwriting decisions – as per delegated credit authority.
  • Ensure compliance with the risk framework, policies and regulations.

Monitoring:
  • Monitor the trending of customers’ business – this will include doing independent research on the industry segments, collating feedback from trade and industry leads, meetings with customers, et al.
  • Assist in implementing the Early Warning process so that credit related trends are identified early-on.

Oversight activities:
  • Credit oversight activities on ongoing basis which includes tracking of limits expiries, renewals, etc.
  • Review and approval of criticized portfolio; formulation of account strategies and supporting remedial activities.
  • Facilitate accurate risk related reporting – such as BASELIII / other regulatory on a need basis and regional reporting.
  • Have an understanding of end-to-end business processes so as to highlight need to have additional controls or need to simplify processes if any.
  • Will need to play an active role in implementing of Citi Risk system

Audits and Reviews:
  • Participate in Audits / Reviews – internal, regulatory, etc.
  • Ensure accurate portfolio risk data reporting.

Key Deliverables
  • Engagement with all stakeholders for development and implementation of risk framework for Commercial.
  • Play a leadership role in upholding and promoting the risk culture in the region covered and promoting best lending practices in Commercial Risk.
  • Keep one-self updated about industry knowledge and then disseminating the learnings to the colleagues in a formal as well as informal manner.
  • Providing training support to team colleagues and Business partners.
  • Having an oversight on key credit processes the candidate needs to critically examine existing processes and associated controls and then to suggest and drive changes to address process and control gaps if any.


Qualifications
 Organizational Relationship
  • Reports to Direct: CCB India Risk Head (Mr. Milind A. Mainkar)
  • Internal Partnerships: Business – Sales Officers and Relationship Managers, Credit Analysts in the Credit Lending Management, CRMS, Product, Compliance and Legal
  • External Partnerships: Promoter and key management personnel of customers, Vendors empaneled with Citibank, Bankers on a need basis, Regulators on a need basis

Development
Career Progression
Commercial, Independent Risk follows a merit based approach towards career progress – it facilitates a culture of adequate trainings and self-learnings that would decide the career progression within the Unit.
About CCB INDEPENDENT RISK
The CCB India Independent Risk Unit provides support for the approval of credit and it assists towards building a portfolio with an acceptable risk and returns profile.
The Unit plays a vital role of developing and implementing the risk management framework within CCB – ensuring that staff is adequately trained, that the required systems are in place, and that the day-to-day operating procedures are well understood. The Unit is responsible for promoting a risk culture based on responsiveness towards customer needs as well as proactive monitoring to avoid surprises in the portfolio.
CCB recognizes that cost-effective, efficient and streamlined origination, approval and closing process along with rigorous monitoring is the key to success. Towards this objective, the Independent Risk Unit ensures that there is partnership with Business; simultaneous to maintaining independence of credit decisions.
Commercial Independent Risk is globally headed by Mr. Thomas Schwartz. In India CCB India Commercial Independent Risk is headed by Mr. Milind A. Mainkar who reports to Ms. Junia Ferreira in the region.
  



31 December 2018
Location: India Marche Mumbai
Work type:
Full time
Sector:
Banking and Financial Services
Profession:
Other
PLEASE! No enquiries from Recruitment Agencies or Headhunters.

Only direct applications will be considered.

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