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Counterparty Credit Risk Credit Officer - Senior Vice President'

Job LocationSingapore
EducationNot Mentioned
SalaryNot Disclosed
IndustryBanking / Financial Services
Functional AreaNot Mentioned

Job Description

Counterparty Credit Risk (CCR) – Margin Lending Risk Management is responsible for the review and challenge to the Global Margin Lending (GML) business who provides financing to the whole spectrum of clients ranging from the affluent up to the Ultra High Net Worth segment (Global Wealth Management) against collateralized securities. CCR Margin Lending Risk Management provides second line of defense review, challenge and approval functions for all counterparty risk across Global Wealth Management. The Credit Portfolio Group Manager is a senior management-level position responsible for accomplishing results through the management of a team or department to monitor the Citi portfolio and identify credit migration in coordination with the Risk Management team. The overall objective of this role is to lead the management of Citis portfolio exposure to client and counterparties globally. Reporting to the Regional CCR Margin Lending Risk Heads, key responsibilities will include.​Responsibilities:Perform due diligence and analysis of portfolios, counterparties, and transactions, covering all aspects, including operational capabilitiesReview, challenge and approve CCR portfolio risk metrics and analytics for the whole of the GML.Review, challenge and approve stress testing and methodologiesReview, challenge and approve loanable value (LV) methodology based on collateral concentration and liquidityReview, challenge and approve CCR modelsProvide oversight for audits and regulatory inquiries related to LV governance, and takes an active role in resolution as necessaryActively participates in the Loanable Value Governance Forum and provides credible challenge and approvalsPerform risk assessment of securities for assigning appropriate loanable values and credit approvalSupport on-going monitoring of the portfolio to ensure compliance with corresponding product program, procedures and standardsAssist with regional efforts to address new regulatory requirementsManage the portfolio with product and collateral stress testing toolsExercise Credit Officer signing authority to approve credit facilities.SPECIFIC MARKET/CREDIT RISK EXPERIENCEMarket Risk or Counterparty Risk experience in managing global complex book including multi asset derivatives exposuresExperience in and exposure to global market risk of CCR risk management standards.Experience in derivatives market/credit risk management or of market risk managing non-recourse/recourse margin loans and complex equity or credit derivativesAbility to understand complex counterparty credit product structures, and ideally well-versed in capital markets products.In depth understanding of portfolio CCR stress testing techniquesGood understanding of non-recourse/recourse and CCR pricing models and of CCR regulatory capital modelsMANAGEMENT CAPABILITYDemonstrates managerial maturity in looking out for the best interests of the enterprise including managing dual reporting linesProven ability to lead / integrate global organizationA strong mentor and coach – one with the ability to rally followers and embed / empower leads for each of the core pillarsHighly skilled communicator who ensures key messages are cascaded throughout the organizationBUSINESS / RISK PARTNERSHIPStrong presence / ability to liaise with internal heads of businesses and risk portfolio leads and manage multiple front-line and second-line demandsNavigates organizational complexity and breaks silosCreates and sustains a network of strong partnerships with the business in all segments & geographies and other risk functionsProvides well-reasoned, balanced assessments of risk/return trade-offs associated with collateral liquidity and concentration and collateral and PDs correlations.Proven track record of partnering with global peers in leveraging and implementation of best practicesQualifications:7+ years risk/risk-related credit work experience in banking/financial institutionsSenior market risk or CCR risk management experienceKnowledge of margin lending and capital markets productsConversant with the risks in various security asset classes and derivatives Knowledge in market risk and the associated statistical modelsKnowledge of the interconnection between credit and market riskStrong analytical and problem solving skills in portfolio review and industry/company analysisAble to identify and document procedures and process flows, understand the end-to-end product risk management frameworkAdvanced user of Microsoft Excel (pivot tables, advanced look and conditional formulas). Skilled user of Access, PowerPoint, SharePoint, Bloomberg and Adobe Standard. Has the ability to operate with a limited level of direct supervision.Can exercise independence of judgement and autonomy.Effectively communicate with multiple management levels, verbally and in writingProven ability to effectively engage with internal control functionsDemonstrates strong ethics and integrityAbility to see the ‘big picture’ in a complex environment Can make decisions under pressure and short timelineExcellent verbal & written communication skills. Active listening skills. Experience in working in multiple geographiesDemonstrated influencing and negotiating ability, resolve conflicts amongst various constituenciesExcellent presentation skills – adept at presenting effectively to audiences of various sizes and various constituenciesEducation:Bachelors degree/University degree or equivalent experienceMasters degree preferred

About Company

Citi is more than a global financial services company. It’s an engine for progress. Join us, and you’ll have the chance to get involved in progress in all its shapes and forms, right across the world. From the micro to the macro, from Australia to Zambia, the work we do has real positive impact. Wherever you are and whatever you do, progress starts here.
Mission: Citis mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. We are Citi, the global bank – an institution connecting millions of people across hundreds of countries and cities.


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