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The Head of Financial Institutions and Counterparty Credit Risk (FIG & CCR) for Asia South is a strategic leadership role responsible for the proactive credit risk management and portfolio monitoring of Citi's Financial Institutions client segments across the Asia South cluster. This role involves significant engagement with senior management, various product and underwriting teams, and external stakeholders, focusing on a constructive and independent review and challenge approach. The portfolio coverage includes banks, broker-dealers, insurance companies, non-bank finance companies, fintech companies and real money funds.
Job Responsibility:
Provide leadership as the senior credit risk portfolio manager and approver for Financial Institutions segments (excluding hedge funds) within the Asia South Cluster
Proactively manage credit exposures for these segments, dictating Citi's risk appetite across all credit-sensitive products, including loans, derivatives, equity, Foreign Exchange (FX), Fixed Income, Currencies, and Commodities (FICC) derivatives, trade finance, clearing, and settlement
Complete comprehensive credit analysis and actively monitor the Financial Institutions portfolios, with a focus on proactive problem recognition, stress testing, and overall portfolio management
Make informed credit decisions through a deep understanding of the credit, structure, and profitability features of each relationship
Build a comprehensive understanding of the local markets, key clients, local market conditions, and the capabilities and practices of competitors across Asia South
Maintain significant interaction with Financial Institutions Group country heads, Markets and Treasury and Trade Solutions (TTS) Directors/Managing Directors, Institutional Credit Management (ICM) and other global functions colleagues
Manage and resolve escalation issues, communicating effectively with the Business regularly
Serve as the primary interface with local regulators for the portfolio, ensuring compliance and representation on relevant Country Risk Management Committees
Liaise with Internal Audit for country FIG & CCR audits and coordinate with the Global Controls Team
Manage and mentor a team of credit risk professionals across the Asia South region
Ensure the quality of credit decisions, identify areas for improvement within the team, and establish effective training and development plans
Manage increasing demands of regulatory and management reporting, ensuring timely input from key stakeholders and monitoring data quality
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 well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards
Requirements:
15+ years of credit risk management experience, with a proven track record in managing a diverse portfolio of financial institutions
Strong technical expertise and solid understanding of Financial Institutions' related products, credit documentation [e.g., credit agreements, International Swaps and Derivatives Association (ISDA) agreements, Control Self-Assessment (CSA)], complex structures, and associated risks (loans, derivative, trade, and transactional services)
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 quantitative and qualitative analysis
Ability to drive change within and beyond the organization, shaping operational strategies and influencing industry standards
Ability to break silos and build partnerships across functions and regions, collaborating effectively with others
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
Ability to act decisively in high-risk scenarios, assessing situations based on available data, experience, and judgment
Capability to challenge established norms and pioneer new approaches in complex domains
Proven ability to guide decision-making processes and implement technical solutions effectively
Unquestioned ethics with a thorough understanding of regulatory expectations
Strong analytical and credit analysis skills, with attention to detail and an ability to provide big-picture decision-making
Independent problem-solving skills, with the ability to prioritize and meet deadlines in complex transactions, often with short timetables
Bachelor's degree/University degree or equivalent experience is required
Professional/Master's degree, Master of Business Administration, Certified Public Accountant, or Chartered Financial Analyst preferred, with formal credit training being a plus
What we offer:
We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world
We empower our employees to manage their financial well-being and help them plan for the future
We have a variety of programs that help employees balance their work and life, including generous paid time off packages