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The Credit Risk role is focused on analyzing the creditworthiness of individuals and entities, assigning risk ratings, recommending, or approving credit extensions or withdrawals, and providing ongoing monitoring of credit exposures. This role includes those with credit approval authority for portfolios requiring management for delinquency. 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.
Job Responsibility:
Lead regional and 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
Lead the review and assessment of the Risk Appetite framework, ensuring its appropriateness, completeness, and usage trends
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 the Risk Head in orchestrating regional and/or global tasks using innovative techniques and methodologies
Develop strategic plans to enhance the efficiency and effectiveness of the organization
Innovate and optimize the decision engine capabilities of the collections process, ensuring optimal treatments for each account
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
Owning relevant scorecards and underwriting frameworks
Requirements:
15+ years of 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