10 days old

ICM Head of Wholesale Lending Collateral Risk (London/New York)

Citigroup
London, OH 43140
**The Team:**


In line with its focus on risk and controls, Citi has created a new first line risk function, Institutional Credit Management (ICM). ICMs principal focus is credit risk, and it has been established with the objective of providing integrated end-to-end credit underwriting, and the management of associated risks for wholesale credit businesses across the enterprise.


Within ICM, the Collateral team focuses on the monitoring and management of risks relating to collateral posted and received in connection both with Citis trading and banking book activities. The Collateral function will comprise Collateral Risk teams focusing on specific business lines and activities across NAM, EMEA, APAC, and LATAM, and a central regulatory team (with members based in NAM and EMEA).


**Job Summary**


The Head of Wholesale Lending Collateral Risk is a key member of the ICM Collateral leadership team with responsibility for the measurement, monitoring, and management of collateral risk arising from the banks collateralized wholesale lending activities globally. Working closely with individual business units and with the second-line risk management function, this individual leads a specialized team overseeing the management of a wide range of collateral types (including real estate, commodities, other physical assets, cash, securities, accounts receivable and artworks) across multiple business units, identifying and responding to exceptions in the use of collateral, and monitoring collateral-related risks across all businesses engaged in wholesale lending.


This is a new role in a rapidly growing area of the bank and provides an excellent opportunity for a dynamic, innovative and results-oriented individual to take the next step on their career path, to build and lead a team and to play a key role in the development of a new department within the bank.


Ideal candidates for this role will have extensive experience either in secured lending and the related collateral activities, (whether in a banking or risk management capacity) or in other roles involving the realization and liquidation of real estate, physical or other collateral in conditions of financial stress. They will have led teams and have a track record in tackling new challenges, solving complex problems and delivering effective and robust solutions.


**The Mission:**


The Head of Wholesale Lending Collateral Risk is one of five collateral team leads, each tasked with establishing and operating an effective collateral risk function in their respective region or activity set, covering all collateral relating to Citis wholesale credit activities. The individual in this role will establish effective working relationships with all collateral-taking lending businesses globally and with the 2nd line risk functions aligned to them. The role reports to the global head of ICM Collateral Management.


The Head of Wholesale Lending Collateral Risk will build and train a global lending-focused collateral risk team, lead the implementation of the WLCR collateral operating model and manage the oversight of related collateral activities, in the process building extensive relationships with regional business units, second line risk and the wider ICM Team.


Key benefits include the development of an unusually broad perspective on the firms wholesale lending activities globally (spanning BCMA, the CCB, GSP and other business areas), the acquisition of specialized knowledge of regulatory developments and the firms financing practices, exposure to senior leadership and a rewarding, creative, and dynamic working environment.


**The role:**


The Collateral Risk Manager will be expected to make a major contribution towards the refinement of the teams mandate and operating model and to take a leading role in the execution of existing responsibilities including:


+ The identification, classification and prioritization of collateral related risks (including wrong way risk, and, in collaboration with ICM colleagues, the internal assessment of credit and liquidity characteristics of collateral)

+ The ongoing oversight, review and refinement of collateral management processes and the tools and data supporting them

+ In partnership with ICM colleagues, the integration of risks deriving from collateral into counterparty credit considerations

+ Acting as the focal point for all key queries and escalations from ICM, the businesses, and Independent Risk in respect of collateral for lending activities

+ Taking ownership of first line risk agenda in all relevant governance bodies

+ Leadership of a Collateral Risk Team including the management and career development of team members


**Qualifications and Experience:**


+ Bachelor's degree or equivalent experience

+ 8+ years relevant experience in Financial Services (or strategy consulting) including credit extension/management in corporate lending, ideally across 2 or more regions

+ Track record in managing teams

+ Highly analytical & creative mindset

+ Strong and impactful presentation skills

+ Track record in building internal relationships and cross-functional processes

+ Ability to work well under pressure, in a front office environment

+ Excellent communication, interpersonal and organizational skills

+ Knowledge of the characteristics of individual collateral types, particularly real estate, physical assets and other non-financial collateral

+ Familiarity with risk and regulatory capital frameworks in the context of the banking book

+ Knowledge of Citis organizational structure and infrastructure is a plus


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**Job Family Group:**


Risk Management

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**Job Family:**


Business Risk & Controls

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**Time Type:**


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Citi is an equal opportunity and affirmative action employer.


Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.


Citigroup Inc. and its subsidiaries ("Citi) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review **Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** .


View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .


View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) .


View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)


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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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Posted: 2022-05-13 Expires: 2022-06-12

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ICM Head of Wholesale Lending Collateral Risk (London/New York)

Citigroup
London, OH 43140

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