This list contains only the countries for which job offers have been published in the selected language (e.g., in the French version, only job offers written in French are displayed, and in the English version, only those in English).
Counterparty Credit Risk Portfolio Officer role is a 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. 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.
Job Responsibility:
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
Requirements:
Minimum of 8+ years of experience in a large Financial Institution in Counterparty Credit Risk
Prior work experience in Counterparty Credit Risk including Exposure and Margin frameworks/models, Stress testing, Wrong-Way Risk, Clearing and Settlement Risk
Prior work experience in Markets businesses and products across OTC, Prime Brokerage, Clearing and Security Financing /Repo and across range of assets classes and lines of business
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
Broad understanding of current market and regulatory environment as applicable to Counterparty Credit Risk
Expert in Microsoft Excel for complex data modeling, analysis, and ability to leverage Python (e.g., Pandas, NumPy, Matplotlib/Seaborn) and other relevant data analytics tools for data manipulation, statistical analysis, and visualization
Excellent organizational and communication skills
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
Bachelor’s/University degree or equivalent experience
What we offer:
Extensive on-the-job training and exposure to senior leaders, as well as more traditional learning
Programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more
Access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses
Variety of programs that help employees balance their work and life, including generous paid time off packages
Opportunity to give back and make a positive impact where we live and work through volunteerism