1+ months
2018-06-122018-09-09

VP, Portfolio Risk Manager

Citigroup
Queens, NY
  • Primary Location: United States,New York,Long Island City
  • Education: Bachelor's Degree
  • Job Function: Risk Management
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: No
  • Job ID: 18015048

Description


About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citis Mission and Value Proposition  explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients and the publics trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.
Business Overview:
The Commercial Risk organization is responsible for independent risk management of Citis Commercial Bank (CCB) business organization. The CCB business exists in more than 25 countries and represents a market segment covering commercial customers generally with sales up to $500MM. The Global Commercial Wholesale portfolio is worth $50 billion in asset terms.
Position Objective
This position, being part of the Global Commercial Risk Analytics Team, will provide critical oversight and analytical support over all countries of the Commercial Banks presence.  Duties require good credit and analytical skills, portfolio and project management competencies, credit policies knowledge and working familiarity with data management and synthesized reporting. The position will handle a mix of ongoing responsibilities, taking ownership of some of the team's processes with involvement in ad hoc projects that provide the opportunity to cooperate with several different Citi Organizations beyond the Commercial Risk and Business franchises around the globe. The candidate should have an interest in assessing portfolios performance vis a vis past experience and expected behavior, providing consultation to the global network on credit risk related matters, and optimizing and enhancing the use of credit risk ratings and capital measures as credit quality indicators and strategic decision facilitators. The position aims to utilize the possessed credit knowledge and promote acquisition of thorough specialized expertise over a broad spectrum of senior management and regulatory interest banking topics (risk ratings, stress tests, capital and other).
Key Responsibilities
20% - Co-lead the Quarterly Capital Governance process for the Classifiably Managed exposures in the Commercial Bank. The function includes oversight of the Basel Risk Weighted Assets (RWA) metrics preparation and distribution by the reporting team, conducting in-depth analysis of the trends and reasons for RWA changes, optimization and escalation of issues related to Basel RWA drivers. The position will be responsible to further expand the Capital Governance analytics for other Risk-measures used across the Citi, including Economic Risk Capital and Tangible Common Equity. The position will take active part in presenting in the quarterly reviews conducted with the Commercial CRO and the Regional Risk Heads around the globe.
10% - The position will be responsible for review, analysis and communication of impacts on the Commercial Bank Classifiably Managed portfolio resulting from the annual update of Basel parameters, affecting Banks Capital adequacy and profitability as well from the perspective of internal facility risk ratings.
10% - The position takes ownership of coordinating the Bank's semi-annual CCAR stress testing process  in the Commercial Bank which include ensuring accuracy and completeness of the Commercial Classifiably Managed portfolio, escalating and resolving encountered issues and process improvements to the teams involved in the CCAR Cost of Credit results production and to the Commercial businesses, reviewing macroeconomic assumptions and formulating general expectations on scenario severity, participating in review and overlay process for Commercial and Industrial and Commercial Real Estate portfolios, accommodating any deliverables for the reviews with Citi Senior Management (Global Consumer Bank CEO and Citi CEO).
15% - Actively participate and in parts take ownership, in the oversight, revision and updates of the Wholesale Risk Rating Methodologies for all credit products offered by the Commercial Bank globally, and coordination with other Citi businesses, Risk Architecture and model owners on the risk rating methodologies used. The function includes user acceptance testing and usability review of the Facility Risk Rating calculator updates and Obligor Risk Rating Scorecards, but does not involve any model development.
15% - Primary point of contact in providing guidance, assistance and training on the proper application of Risk Rating Methodologies to the various levels of Credit Officers in Business and Risk (including SCO and Country Risk or Business Heads) from all Commercial countries and to the Fundamental Credit Review.
15% - Establish, manage and own CCB dedicated Citi Collaborate website to facilitate the communication with Risk and Business on the Risk Rating related matters, improving awareness and enforcing importance of the subject. Establish, manage and own the Risk Ratings Data Quality process for the Commercial Bank to ensure risk ratings accuracy across the portfolio.
5% - Design, generate and maintain ad hoc portfolio analysis and presentations formulated to assist in Global Risk Oversights portfolio management responsibilities and for regulatory purposes.
5% - Engage in projects driven by Policy changes, Risk Architecture and/or Re-engineering initiatives primary related to the Basel, CCAR and Risk Rating Methodologies for Wholesale exposures.
5% - Support risk / return analytics for the CCB portfolio.
The position will directly report to C-14/SVP Risk Reporting Group Manager and is designated to serve as his backup.

Qualifications


Knowledge and Experience
- Experience in financial institution and credit underwriting/analytics and data analytics role - REQUIRED
- Good knowledge of credit risk concepts, including risk rating methodologies and application - REQUIRED
- Knowledge of Basel III concepts would be a plus
- Knowledge of CCAR requirements would be a plus
- Familiarity with Citibank credit policies including risk ratings, procedures and risk reporting systems
- Knowledge of classifiably managed credit and banking products
- Some knowledge of loan loss reserve fundamentals
- Some knowledge of Risk Return concepts
Skills and Competencies
- Highly proficient in MS Office (Excel, PowerPoint, Word)
- Detail oriented, able to work independently and to prioritize workload and meet hard deadlines.
Self-learner and eager to learn and grow.
- Excellent written and verbal communication skills - ability to communicate concisely and clearly, especially with overseas businesses.
- Strong Interpersonal skills, ability to work in a team environment and eagerness to learn.
- Energetic, responsive team player willing to take initiative and work in a fast-paced environment.
Qualifications
- BS or BA
- min. 6-10 years of experience with at least 2 years in a current role

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VP, Portfolio Risk Manager

Citigroup
Queens, NY

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