UK Commercial Banking - Portfolio Risk Head - Director

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Job Overview

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your extensive knowledge and accreditation as Senior Credit Office or equivalent from other comparable institutions with broad and comprehensive understanding of the credit risk field, recognized as a subject matter expert alongside solid managerial experience to Citi’s Commercial Banking (CCB).

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

About Role / Team:

The Portfolio Risk Head for UK CCB is responsible for providing 2nd Line of Defence effective challenge, approval and risk oversight of the Commercial Banking business in UK. This critical Credit Risk role manages a team of credit risk professionals responsible for analysing the creditworthiness of UK mid-market companies, assigning risk ratings, recommending, or approving credit extensions or withdrawals, and providing ongoing monitoring of credit exposures. Individuals within this role maintain a balance between risk and return, ensuring that credit policies are appropriate, and perform regular in-depth reviews of the credit portfolio. This role manages and mitigates potential credit losses, safeguarding the company's financial stability and supporting sustainable business growth.

The successful individual will be a key stakeholder for the CCB within the UK, working closely with Bankers and Credit Underwriters in the 1st Line of Defence in ensuring the credit and lending portfolio is built in a controlled, sustainable and profitable manner.

CCB is a fast-growing client segment unit within Citi, providing the full range of lending, cash management, trade finance, treasury and Capital Markets products and solutions to mid-sized companies across the globe. CCB UK is a strategic growth engine for CCB globally, focusing on globally minded, mid-market companies domiciled and operating in UK.

What you’ll do:

• Lead key risk reviews, ensuring compliance and mitigating threats.
• Critically evaluate assigned portfolios, identifying and assessing emerging risks.
• Drive continuous improvement of credit risk processes and standards for assigned entities.
• Oversee and validate corrective action plans for identified issues, addressing concerns from control functions.
• Review, challenge and provide approval for the assigned portfolio credits and/or recommendations to more senior credit officers as needed.
• Provide independent assessments on the accuracy and appropriateness of risk ratings and classifications for assigned portfolios.
• Assist Senior Risk Heads in orchestrating regional and/or global tasks using innovative techniques and methodologies.
• Develop strategic plans to enhance the efficiency and effectiveness of the organization.
• Collaborate with other credit risk families to support the best outcome for Citi, sharing and implementing best practices.
• Manage relationships and expectations of external regulators, Regulatory reporting, Risk, Finance, and Accounting Policy.
• Partner with the Risk organization to refine the process of defining, extracting, and utilizing data.
• Make informed business decisions, considering risk assessment, the firm's reputation, and compliance with laws, rules, and regulations.
• Enforce compliance with applicable laws, rules, and regulations, upholding policy and ethical business practices.
• Manage and report control issues with full transparency, using advanced judgment and innovative techniques.

As a People Manager:

• Energizes the team by communicating a compelling vision of the future; helps them identify opportunities for change and improvement during uncertainty.
• Inspires the team to constantly improve, own mistakes, and proactively share learnings with other teams; demonstrates deep curiosity to help the team learn and improve.
• Creates a team environment in which members are proactively invited to speak up, seek out, and debate alternative views; role-models agility to change course when presented with new information.
• Acts as a catalyst for change by identifying and championing ideas that benefit the organization; supports the team to safely experiment.
• Communicates the context behind key organizational decisions; puts the enterprise above the team, and helps the team make decisions that benefit the greater good.
• Creates focus by communicating and aligning resources to the most critical organizational priorities; proactively reduces potential distractions for the team.
• Leads teams to strengthen controls that support client satisfaction and operational effectiveness; creates a culture in which all team members take accountability for managing risk.
• Role-models, educates, and holds the team accountable for doing the right thing for clients and Citi, in all situations, even when difficult.
• Holds self and team accountable for establishing partnerships that break down boundaries and engage cross-functional partners early and often; creates opportunities for enhanced collaboration across business and functions.
• Reinforces opportunities for team members to support clients and communities; educates teams on the challenges faced by Citi’s constituents.
• Actively monitors and listens respectfully to how teams are feeling, particularly when facing challenges; assumes best intent and responds with empathy.

What we’ll need from you: 

• Extensive knowledge and accreditation as Senior Credit Office or equivalent from other comparable institutions along with solid managerial experience.
• Requires a broad and comprehensive understanding of the credit risk field, recognized as a subject matter expert.
• Demonstrated thought leadership, developing new techniques, methodologies, and approaches for credit risk management.
• Proven track record of innovation and groundbreaking developments in credit risk assessment and mitigation.
• Expertise in evaluating complex issues with substantial impact, utilizing in-depth quantitative and qualitative analysis.
• Ability to drive change within and beyond the organization, shaping operational strategies and influencing industry standards.
• Exceptional communication skills, including clear articulation, effective presentation of complex information, and empathetic response.
• Advanced skills in mediating disputes and advocating for organizational interests with high-level stakeholders.
• Capability to challenge established norms and pioneer new approaches in complex domains.
• Proven ability to guide decision-making processes and implement technical solutions effectively.
• Bachelor's/University degree, Master's degree preferred.

What we can offer you:

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi London, 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 base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as: 

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
• A discretional annual performance related bonus 
• Private medical insurance packages to suit your personal circumstances
• Employee Assistance Program  
• Pension Plan 
• Paid Parental Leave 
• Special discounts for employees, family, and friends 
• Access to an array of learning and development resources. 

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-TM3

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Job Family Group:

Risk Management

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Job Family:

Credit Risk

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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