Treasury Risk Manager - SVP Job at Citi (Shanghai)

Job Description

Citibank China Company Ltd. (‘CCCL’) is Citibank N.A.’s locally incorporated subsidiary with a full fletched banking license to serve the Mainland China market. The proper Second Line of Defense (‘2LoD’) oversight for the banks Liquidity, Non-trading Market as well as Trading Market Risks is performed by Finance CRO. The role will involve close collaboration with the Treasury team. Focus will be on the implementation and management of a regulatory-compliant and robust treasury risk framework for the entity and meeting the needs of local regulators. Among other things, the role will be responsible for monitoring, reporting and escalating Treasury and Global Markets Trading risks to internal and external stakeholders and has to ensure that CCCL complies with appropriate Citi policies and procedures, industry best risk management practices, and regulatory requirements at all times.

Job Responsibility

Overseeing the design, development, delivery and maintenance of best in class Risk Management programs, policies and practices and sets strategic direction with focus on Liquidity Risk, Interest Rate Risk (IRRBB), Traded Market, Investments and Capital Risk to ensure adherence to Citi’s policies and regulatory requirements
Working with Country Chief Risk Officer / Asia North & Australia/New Zealand Cluster Head as well as other Finance CRO clusters, global risk teams and seniors to ensure best in class Risk activities, including policies and procedures
Fronting senior regulators on key legal entity related asset-liability management matters to ensure responsible risk taking in line with internal risk appetite standards and prudential requirements
Liaise with the global and specialist teams to facilitate consistency, standardization and completeness of controls and challenges of identification so that all processes and their controls are supported by the required documentation and evidence (including credible and effective challenges)
Providing oversight and guidance over the assessment of broad complex issues, structures potential solutions and drives effective resolution with other senior stakeholders
Driving Global Risk projects to improve accuracy of Risk assessment, and implementing these across the country / entity / cluster or region
Reviewing and approving of risk framework, as well as monitoring compliance with risk limits/triggers
Interaction with Other key risk seniors across the region and globe (Market Risk, Credit Risk, Operational Risk) and relevant Finance and Reporting teams to improve accuracy of regulatory and management reporting
Establishing professional relationships with relevant regulatory bodies and represents Citi on critical regulatory matters as required
Directly leading and managing other Risk professionals, with direct accountability for hiring and organizational structure as well as direct oversight for compensation, performance appraisals, staff development, training, etc
Conduct analysis and provide challenge and oversight of ICAAP, Risk Appetite Statements, Stress Testing and other ad-hoc regulatory or legal entity governance projects
Escalate any issues, with appropriate suggested mitigations, to CCCL’s CRO without delay
Participating in new product approval reviews to ensure novel offerings, business launches, and complex products are in line with standards outlined in Citi’s risk policies
Participating with voting rights in senior governance forums such as respective entity CCC/ALCO

Requirements

Degree in Quantitative or Financial discipline
Minimum 10 years of experience within risk management, treasury or support functions with exposure to balance sheet, financial products, financial/risk analysis
General understanding of treasury products – securities, derivatives, and a broad mix of underlying asset classes
Fluent in written and spoken English and Putonghua
Authority to command attention with Treasury/Global Markets and enforce risk decisions in a relevant manner but in a way, which also meets Citi’s risk related policies
Interaction with auditors / regulators and understanding of applicable best practice guidelines and regulations
Up-to-date working knowledge of regulatory requirements and change, specifically those from Basel and European regulatory authorities (desirable)
Subject Matter Expert in asset-liability management, financial instruments, risk metrics and quantitative Risk Management
Expert analytical, technical, and quantitative skills
Expert knowledge of treasury, market risk, liquidity management, and derivative products
Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businesses
Articulate and effective communicator, both orally and in writing, with an energetic, charismatic and approachable style
Proficient in MS Office applications (Excel/VBA, Word, PowerPoint) and SQL as well as experience and curiosity in leveraging AI to increase efficiency
Project management skills
Ability to work in groups and flexibility in addressing several tasks simultaneously, to negotiate and resolve conflicts
Team player with proven ability to drive changes
Business acumen to interact with partners in Risk, Treasury, Markets, and other support Functions
Highly developed presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
Self-driven and finds it natural to take initiative and set agenda
Strong tenacity and resilience
Highly motivated, attention to detail and organized

Nice to have

Postgraduate degree in a quantitative or financial discipline
Knowledge of ALM, Market risk/IRRBB/liquidity models/capital adequacy and regulatory framework
Prior work experience in material entities and or regional markets

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