Canada Credit Risk Senior Officer, Senior Vice President

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Job Overview

The Credit Risk Senior Officer is a strategic professional who closely follows latest trends in credit risk management and adapts them for application within own job and the business. Typically a small number of people within the business that provide the same level of expertise. Excellent communication skills required in order to negotiate internally, often at a senior level. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Accountable for significant direct business results or authoritative advice regarding the operations of the business. Necessitates a degree of responsibility over technical strategy. Primarily affects a sub-function. 

This role acts as the credit risk lead for the Canada franchise and is responsible for credit risk management and regulatory reporting, IFRS9 monthly reviews, annual ICAAP/stress testing submissions and fulfillment of credit risk related OSFI requirements. 

Responsibilities:

• Serves as the single point of contact for franchise-level credit risk matters relating to the businesses operating in the country, and for providing risk management partnership to internal stakeholders. 
• Represents the interests of Citigroup as a whole, partnering with the CRO, with focus on credit risk management and regulatory matters, including the fulfillment of credit risk-related OSFI requirements.
• Responsible for ensuring the timely escalation and resolution of franchise-level credit risk issues.
• Serves as Country's lead risk manager for franchise level credit risk issues.
• Attends the Country Coordinating Committee to monitor and address aggregate risk issues.
• Ensures the risk oversight at the legal vehicle and subsidiaries level especially when used by more than a single product group.
• Identifies and co-champions cross sector/product utilities to deliver synergies and improve quality of risk management support.
• Coordinates identification, sharing and vetting of common risk concerns and sensitivities and develop coordinated solutions as appropriate (e.g. adverse developments in local regulatory and political landscape, deterioration in industry lending practices, etc.) 
• Facilitates/coordinates responses to inquiries/requests from regulators, ensuring compliance with credit risk-related OSFI requirements (e.g. B-2 Large Exposure Limit requirements).
• Responsible for review and analysis of the monthly IFRS9 submissions.
• Ensures annual ICAAP/stress testing submissions are completed on time and in line with regulatory requirements.
• Acts as focal point for best practice and knowledge sharing across Business.
• 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.

Qualifications:

• 10+ years of experience
• Advanced degree (e.g. JD, MBA) preferred
• Expertise of laws, rules, regulations, risks and typologies 
• Excellent written, verbal and analytical skills 
• Must be a self-starter, flexible, innovative and adaptive Highly motivated
• Knowledge of OSFI regulatory requirements and credit risk/IFRS9 related regulations preferred.

Education:

• Bachelor’s/University degree, Master’s degree preferred

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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Job Family Group:

Risk Management

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Job Family:

Risk Functional Management

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Credible Challenge, Escalation Management, Governance, Policy and Procedure, Policy and Regulation, Regulatory Compliance, Risk Controls and Monitors, Risk Identification and Assessment, Stakeholder Management.

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Other Relevant Skills

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

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