Credit Review Senior Officer II - Global Special Assets

Global Risk Review (GRR) provides independent, objective, reliable, valued, and timely assurance to the Boards, the Committees, the Citigroup Chief Risk Officer, the Citigroup Chief Credit Officer, senior management and regulators over the effectiveness of credit risk management and collateral risk management, and the ability of the Business and independent Risk Management to identify, monitor and mitigate current and emerging risks across Citigroup and Citibank.

The Director, Credit Review Senior Officer II manages independent review of complex Wholesale entities / credit portfolios, such as Corporate Bank Leveraged Finance, Global Special Assets, and Global Derivatives & Securities Financing Transactions (DSFT) and provides credible challenge to senior business teams. The role requires thorough understanding of regulatory requirements specific to these types of portfolios / credits.   

Responsibilities include execution of Business Monitoring and Reviews in accordance with the GRR Manual, monitoring, evaluation of strategies and credit risks, assessment of the effectiveness of credit risk management of assigned complex portfolios, proposal of pragmatic solutions to risk and control issues, and maintaining ongoing contact with a Review Entity’s management through continuous Business Monitoring and corrective action follow-up where applicable.

Key responsibilities:

• Manage complex BICR Review Entities through quarterly Business Monitoring and periodic Reviews

• Assess the quality of assigned portfolios and relationships, including identification and evaluation of emerging risks

• Assessment of the quality and adequacy of credit analysis and exposure analysis as well as accuracy and appropriateness of risk ratings and classifications of credit relationships

• Assessment of the effectiveness of the credit risk processes and standards of assigned Review Entities to promote leading practices and identify opportunities for improvements

• Assessment of Business and Risk staffing levels to determine the effects on assigned Review Entities

• Preparation of Credit Assessment Documents in accordance with and at the quality standards required by the GRR Manual and Review Guides

• Approval of relationship-level file testing prepared by BICR Credit Reviewers

• Evaluation of the appropriateness of Corrective Action Plans (“CAPs”) resulting from Reviews or Business Monitoring

• Provide guidance on CAPs implementation to help ensure a successful validation after implementation by the Business

• Accountability for the quality and consistency of work products that include Credit Assessment Documents, Sample Rationale Documents, and Banking and International Credit Reports created for the assigned Review Entities

• Support the Segment Head and Global Head of Banking and International Credit Review on segment and/or global tasks

• Proactive communication to Segment Head and GRR Senior Management of any concerns and/or emerging risks that may jeopardize the assigned Review Entities

• Maintain effective communication with the Business and Independent Risk to ensure a clear understanding of specific requirements for these complex portfolios

• Assist in training on various US regulations and credit policies specific to the assigned portfolios

• Participate in different senior forums representing BICR as well as in regular meetings with regulators, as required by the BICR Head

• Travel Required (15% to 50% depending on Segment)

Knowledge/Experience:

• Demonstrable financial services experience including 15+ years of experience in corporate banking and remedial management

• Deep and extensive capital markets experience in complex structures enabling an individual to pull deconstruct transactions and understand all the risk points in particular complex derivative transactions and leveraged finance transactions

• Work experience in Banking, Finance, Accounting, Economics, Business Administration or similar with credit or financial statement analysis experience

• Expert in risk analysis and risk management processes for corporate lending areas including assessment of regulatory classifications and risk ratings

• Fully conversant in credit policy matters with proven sound judgment

• Advance knowledge of regulatory frameworks or relevant experience in a similar role at another institution is desirable

Skills/Competencies:

• Demonstrated history of high ethical standards and discretion in dealing with highly confidential Board and Senior Management material

• Proven ability to interact credibly with senior stakeholders as well as senior leaders across the firm

• Advanced analytical skills with the ability to identify and communicate root causes and trends as well as to recognize emerging risks

• Strong project and time management skills with the ability to successfully handle large review teams and complex reviews

• Exceptional written and verbal communication skills with the ability to communicate clearly and concisely to audiences of varying levels of seniority

• Strong interpersonal skills with the ability to build relationships and exert influence without direct authority

• Proficient in Microsoft Office (Word, Excel, and PowerPoint)

• Knowledge of Citi's organization and systems preferred

• Fluent English Language skills

• Senior Credit Officer designation preferred

Qualifications:

• B.A. or B.S. degree or higher in business, finance or a related field master’s degree preferred

What we can offer you:

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• Cafeteria Program

• Home Office Allowance (for colleagues working in hybrid work models)

• Paid Parental Leave Program (maternity and paternity leave)

• Private Medical Care Program and onsite medical rooms at our offices

• Pension Plan Contribution to voluntary pension fund

• Group Life Insurance

• Employee Assistance Program

• Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed

• Flexible work arrangements to support you in managing work - life balance

• Career progression opportunities across geographies and business lines

• Socially active employee communities with diverse networking opportunities

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities. 

#LI-MF1

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