Senior Vice President - Global Credit Reserve Sr. Lead Analyst - Risk Management Job at Citi (Mississauga)

Job Description

The Global Credit Reserve Team oversees the firmwide credit reserving approaches including CECL and IFRS 9. Activities are focused on the ownership and oversight of the end-to-end process including development and maintenance of the documentation landscape, coordination of the relevant governance activities, review of macroeconomic scenarios, review of credit loss results and reporting to senior management within the firm to ensure the adequacy of firmwide credit reserves. The role includes developing business strategies, calculating/reviewing reserve results, preparation of senior management reporting and materials for analysis and decision making and review of internally generated scenarios. Individuals in this role help to ensure that credit risk is managed effectively across all portfolios, protecting the company's financial stability and reputation while supporting the overall business strategy.

Job Responsibility

Supervise and scrutinize risk management activities related to the credit portfolio, including risk assessment, mitigation, monitoring, and reporting to ensure optimal performance
Oversee the end-to-end framework for credit reserve adequacy, carefully assessing and mitigating potential risks
Review new and enhanced modelling techniques applied for credit reserving
Conduct rigorous internal and oversight reviews, probing and investigating internal processes and controls, managing any internal audits or regulatory exams to uphold institutional integrity
Assess and analyze risk during decision making processes, using sound judgement to safeguard the firm's reputation and financial stability
Ensure firm policies are upheld, promote ethical conduct, and rigorously examine activities and processes to ensure compliance with relevant legal and regulatory requirements
Stay informed about industry trends, leverage strong communication skills to clearly relay information to various stakeholders and make complex business decisions
Monitor and adapt current practices according to the latest trends in credit risk analysis, leveraging expertise for improved forecasting and allowance calculations
Manage governance discussions to ensure reserve adequacy
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
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

10+ years of experience
Solid knowledge and hands-on experience in risk management, especially with credit portfolios, exhibiting abilities in scrutinizing, probing, and supervising first line of defense risk management
Acumen in questioning, examining, and validating new account strategies, account management strategies, and non-scoring financial models
Familiarity with compliance protocols with a demonstrated ability to direct, assess and dispute compliance adherence
Experience in directing internal and external audits, with a strong understanding of oversight reviews, demonstrating competence in questioning and appraising audit processes
Ability to collaborate with multiple teams and departments with a focus on managing, inspecting and disputing collaborative endeavors
Comprehensive knowledge and experience in risk assessment, particularly when making business decisions demonstrating, strength in contesting, scrutinizing, and ensuring decisions maintain the firm's reputation
Proficiency in ensuring compliance with legal and regulatory requirements, demonstrating ability to dispute, assess, and supervise compliance processes
Advanced expertise in scrutinizing and evaluating complex financial data, with the capacity to make strategic decisions under review
Proficiency in credit analysis, counterparty risk, and portfolio stress testing, including the ability to predict and plan for potential market fluctuations whilst challenging these predictions
Mastered use of risk management tools and exposure monitoring processes with the ability to design, implement, and critically assess new processes
Prompt and efficient in responding to ad-hoc transaction requests with a keen ability to identify, mitigate and challenge trade-specific risks and forecast potential risk scenarios
Demonstrated leadership in driving collaboration with various teams, with skill in influencing and driving strategic decisions Reporting under scrutiny
Skilled communicator with the ability to explain complex financial concepts and risks to stakeholders and ensuring these communications stand up to challenge and review
Exceptional project management skills, with the capability to oversee multiple projects from inception to completion, ensuring timely and successful delivery under constant review
Capable of leading information requests from regulators and auditors, managing remediation efforts or corrective action plans, and ensuring compliance while minimizing business risks
Bachelor's/University degree, Master's degree preferred

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Senior Vice President - Global Credit Reserve Sr. Lead Analyst - Risk Management

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