Counterparty Credit Risk Sr. Lead Analyst, SVP (Hybrid)

Discover your future at Citi

Working at Citi is far more than just a job. A career with us means joining a team 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.

Job Overview

Discover your future at Citi

Working at Citi is far more than just a job. A career with us means joining a team 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.

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here.  AtCiti, 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 Citi

Citi’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 Senior Vice President - Counterparty Credit Risk - C14 - Hybrid. (Internal Job Title: Senior Vice President– C14) 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.

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Job Description

Counterparty Credit Risk Portfolio Manager role is a senior risk manager role in Counterparty Credit Risk (CCR) function in Citigroup. CCR function includes portfolio management of CCR exposures across all Credit portfolios, oversight of CCR frameworks, pre-trade advisory on complex derivatives and addressing any remediation plans adhering to the best practices and regulatory requirements.

Job Background

Counterparty Credit Risk is one of the largest and most dynamic portfolios within Citigroup. It spans all the capital markets products across all counterparties including Financial Institutions, Corporates, Public Sector, Central Counterparties, Commercial Bank and Private Bank clients and is part of 2nd Line of Defense independent risk function Financial Institutions Group and Counterparty Credit Risk team under Banking and International Risk.

In this role, you’re expected to:

• Help implement and operate the 2nd Line Counterparty Credit Risk and controls framework for Citi. Direct the execution strategy for Pre-Settlement Exposure (PSE), Net Stress Exposure (NSE) and various CCR measurements standards across Citi APAC businesses in partnership with Credit Officers, Risk Analytics and Technology and key stakeholders in 1st Line of Defense including Banking, Markets, and Institutional Credit Management

• Ensure CCR frameworks, practices and policies applied to all market products, including all Over-The-Counter (OTC) Derivatives across Equity, Foreign Exchange (FX), Fixed Income, Commodities, Credit derivatives; Prime Brokerage, Futures and OTC Clearing, Securities Financing Transactions and Cash trading across all Credit portfolios

• Actively monitor CCR portfolio across business, risk stripes and legal vehicles on the quantum, trend, composition, and work in conjunction with Credit officers and Business partners to ensure CCR exposures remain within risk appetite.

• Focus on early warning and proactive problem recognition based on markets indicators and portfolio concentrations and timely escalate issues to senior management for any action or resolution

• Help 2nd line of defense Credit officers in pre-trade review, challenge, and what-if analysis for new complex derivatives activity with application of CCR frameworks for effective and efficient risk on-boarding

• Support CCR risk management governance by preparing and presenting updates on various CCR pillars to CCR councils and senior management forums

• Support regulatory interactions on the CCR and manage increasing demands of regulatory oversight on CCR including ensuring timely and accurate inputs to regulators

• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

As a successful candidate, you’d ideally have the following skills and exposure:

Knowledge/Experience:

• Candidates should have a minimum of 12+ years of experience in a large Financial Institution in Counterparty Credit Risk

• Strong understanding of Counterparty Credit Risk including Exposure and Margin frameworks/models, Stress testing, Wrong-Way Risk

• Knowledge of Markets businesses and products across OTC, Prime Brokerage, Clearing and Security Financing /Repo

• Strong technical expertise of complex derivative structures and understanding of associated first order/second order risks

• Knowledge of Credit documentation and various Credit master agreements, legal terms related to netting/collateral/margin mechanics will be a plus

• Broad understanding of current market and regulatory environment as applicable to Counterparty Credit Risk

Skills/Competencies:

• Excellent organizational and communication skills (written and verbal)

• Superior analytical and quantitative skills and be able to quickly distil transactions/business propositions to key risks

• Ability to work collaboratively with a wide group of cross-functional stakeholders across levels

• Demonstrated ability to lead meetings/calls, to listen to other points of view, provide appropriate challenge, influence partners

• Regularly communicates and ensures key messages are cascaded throughout the broader teams

• Demonstrates integrity and sound independent risk judgment and operates to the highest ethical standard

• Ability to work comfortably in a matrix environment

• Self-starter, motivated, aspirational

Education:

• Educated to quantitative/finance master's degree standard or equivalent

• Exceptional candidates who do not meet these criteria may be considered for the role, provided they have the necessary experience and skills.

Working 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 today

https://jobs.citi.com/dei

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Job Family Group:

Risk Management

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Job Family:

Portfolio Credit Risk Management

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Credible Challenge, Governance, Monitoring and Evaluation, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment, Risk Remediation.

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Other Relevant Skills

Data Analysis, Laws and Regulations, Management Reporting, Referral and Escalation.

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