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Assist in developing and implementing the strategic risk governance framework to Citi’s risk management of affiliate credit relationships.
Job Responsibility:
Manage Inter-Affiliate relationships and maintain an in-depth understanding of the Firm's Global Booking Model
Coordinated across the first and second lines of defense to ensure a robust and comprehensive risk management framework is established across multiple stakeholders
Ensure Citi's use of Inter-Affiliates is in line with policy and regulatory guidance
specific aspects include: strategy, governance, metrics and reporting, inventory and segmentation, risk assessments, technology and data
Partner with technology SMEs and direct project support resources to ensure efficient resolution of risk valuation issues in accordance with Citi's commitment to management inter-affiliate exposure
Coordinate with legal entity risk management and other key stakeholders across the firm in order to establish and renew credit limits on an annual basis
Partner with risk management colleagues globally to ensure inter-affiliate risk management requirements are firmly rooted in the global risk management framework across all regions, and legal entities
Develop credit profiles for affiliates based on stand-alone financial disclosures
Manage, track, and coordinate data and structural remediation projects regarding inter-affiliate risk management
Develop a high degree of technical and policy understanding with respect to business credit processing
Develop and maintain effective working relationships with colleagues in other areas of Risk, Finance, Treasury, Legal Vehicle management, and the Business
Requirements:
10+ Years of business experience
preferably in Credit Risk, Audit, Compliance, or Finance
Working Knowledge of pertinent regulations including Reg W, Reg K, MRNCCD, Section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and FDIC’s Covered Insured Depository Institution Response requirements
In depth knowledge of Citi’s corporate structure
Working knowledge of Citi’s Resolution and Recovery plan to include in depth knowledge of Citi’s Material Legal Entity (MLE) structure
Familiarity with CitiRisk and other internal technology platforms preferred
Knowledge of a wide variety of capital markets products is a must
Working knowledge of credit risk valuation and calculations preferred
Project Management skills
Self-starter able to take on projects with minimal guidance or supervision
Strong presentation skills
Ability to work in a team environment or as an individual
Bachelor's degree/University degree or equivalent experience
Master's degree preferred
Nice to have:
Familiarity with CitiRisk and other internal technology platforms preferred
Working knowledge of credit risk valuation and calculations preferred