Portfolio Credit Risk Management 2nd Lod Lead Analyst, Vice President Job at Citi (Getzville)

Job Description

The Portfolio Credit Risk Management role oversees portfolio risk management activities to minimize credit losses and potential damage to the Citigroup franchise or reputation. The role includes developing business strategies, calculating CECL reserves, conducting stress tests, loss forecasts, and managing risk appetite for the First Line of Defense (1LOD). For the Second Line of Defense (2LOD), the role involves providing effective oversight and periodic review and challenge of 1LOD portfolio management processes and outcomes. Individuals in this role ensure credit risk is managed effectively across all portfolios, protecting the company's financial stability and reputation while supporting the overall business strategy.

Job Responsibility

Oversee credit portfolio limits and stress testing, ensuring a balance between risk and reward and maintaining the company's risk appetite
Develop advanced methodologies for limit setting within the credit portfolio, factoring in industry trends, regulatory standards, and internal risk appetite
Manage comprehensive risk profiles, coordinating with regulatory bodies, conducting regular portfolio health checks and anticipatory identification of top risk factors
Direct regular portfolio analysis, providing updates on portfolio performance, market trends, and risk factors for ongoing risk assessment and mitigation
Lead governance discussions, interpreting limit governance rules and overseeing activities related to single name and distribution risk to ensure regulatory compliance
Represent and coordinate the second line of defense in terms of risk appetite engagement, effectively communicating and managing risk statements and assessments
Supervise the end-to-end framework for the adequacy of credit reserve and stress testing, ensuring proper management of the credit portfolio
Examine, challenge, and validate new account strategies and account management development for robust checks, minimizing potential risk exposure
Conduct rigorous internal and oversight reviews, probing into internal processes and controls, and managing any ensuing internal audits or regulatory examinations
Assess risk when making business decisions, using advanced analytical skills to evaluate potential risks and protect the firm's reputation
Uphold ethical conduct and ensure compliance with relevant legal and regulatory requirements by critically examining and challenging activities and processes
Stay updated with industry trends and communicate clearly with various stakeholders, utilizing detailed analytical skills to make complex business decisions
Actively monitor and adapt to the latest trends in credit risk analysis, leveraging them for improved forecasting and allowance calculations for credit
Utilize expertise to enhance the efficiency and effectiveness of compliance processes for credit portfolio limits and negotiate strategic changes when necessary
Serve as a key authority in overseeing first line of defense processes for portfolio management, driving strategic improvements by adapting to industry trends and leveraging expertise
Is an enthusiastic and early adopter of change
takes ownership for helping others see a better future and stay positive during uncertainty
Demonstrates and inspires curiosity in seeking new ways to overcome challenges
actively applies learning from failures
Challenges self and others to seek out and communicate alternative views even when unpopular
welcomes diverse ideas to improve outcomes
Acts as a change catalyst by identifying and helping others see where new ideas could benefit the organization
Proactively seeks to understand and act in alignment with organizational decisions
helps others prioritize team and enterprise success over their own personal agenda
Focuses on highest-priority work aligned to business goals
helps others effectively manage competing priorities
Proactively identifies opportunities to streamline work
creates process improvements that enhance efficiency for self and the team
Takes personal accountability for escalating, identifying, and managing potential risk
implements controls that enhance the client experience and operational effectiveness
Anticipates problems and proactively identifies solutions that address the root causes and result in meaningful improvements
Sets high expectations and invests the necessary effort to deliver excellence and exceed performance goals
Role-models and helps others to do the right thing for clients and Citi in all situations, even when difficult
Engages key stakeholders early and often and actively looks for opportunities to improve collaboration in achieving common goals
Proactively seeks out opportunities to volunteer in Citi programs that support the community
advocates for solutions that meet the needs of Citi’s clients and the community
Enthusiastically promotes the unique needs and preferences of colleagues
makes active commitment to help colleagues achieve balance, well-being, and development
Leverages varied networks to recruit diverse talent
advocates for colleagues with diverse skillsets, styles, and experiences to gain career opportunities
Empathetically listens and understands others’ positions before acting on issues
works to amplify voices that are minimized in the workplace
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 teams and create accountability with those who fail to maintain these standards

Requirements

6-10 years of experience
Proven experience in overseeing, challenging, and reviewing credit portfolio management
Demonstrable understanding of credit analysis and counterparty risk with the ability to provide robust oversight and review
Solid experience in the review, challenge and oversight of loanable value methodology and portfolio stress testing
Ability to oversee, evaluate and challenge risk management tools and exposure monitoring processes
Proficient in accuracy and completeness of credit data with the capability to oversee, challenge and review data sets
Experience in overseeing, challenging, and reviewing risk management processes and portfolio risk reports
Comprehensive understanding of risk measurements with a proven oversight, challenge and review skill set
Competence in interpreting and analyzing complex financial data and making informed decisions
Understanding of credit analysis, counterparty risk, and portfolio stress testing
Proficiency in using risk management tools and exposure monitoring processes
Readiness to promptly respond to ad-hoc transaction requests by identifying and mitigating trade-specific risks
Capability to collaborate effectively with various teams including Risk Management, Technology, and Reporting Functions
Skill in communicating complex financial concepts and risks to stakeholders
Aptitude for organizing, coordinating, and executing projects from inception to completion
Capacity to assist with information requests from regulators, auditors, and manage remediation efforts or corrective action plans
Bachelor's/University degree, Master's degree preferred

What we offer

medical, dental & vision coverage
401(k)
life, accident, and disability insurance
wellness programs
paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays
discretionary and formulaic incentive and retention awards

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