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Citibank Berhad KL SVP Risk Head Model Management and Risk Services
September 15, 2018
Kuala Lumpur, Malaysia
Primary Location: Malaysia,Wilayah Persekutuan,Kuala Lumpur
Education: Bachelor's Degree
Job Function: Risk Management
Shift: Day Job
Employee Status: Regular
Travel Time: No
Job ID: 18039112
Global Consumer Banking (GCB) Credit Risk Management function helps to ensure the balance between risk and reward within the diverse lending businesses.
Assists in portfolio performance monitoring & evaluation, loss forecasting methodologies and risk model management.
Promote risk culture of trust, transparency and accountability. Ensure compliance and adherence of regulations and policies.
Support Country Risk Manager (CRM) in portfolio risk management to ensure adherence, compliance and timely reporting with accuracy and consistency.
Provide information for CRM to reinforce clear risk appetite in business in delivering standard risk management framework of oversight and controls
Make credit decisions based on transparent, accurate, analytics and to escalate issues when necessary
Key responsibilities can be broken down into 3 parts (a) Global Regulatory and Corporate reporting (b) Local Regulatory reporting including loss and provision forecasting (c) Model development, monitoring and management
Manage a large team of 12-13 employees to support the key responsibilities of Model Risk Management and Risk reporting
Develop, maintain and monitor credit losses forecasting models for Consumer Banking to ensure model relevancy for Planning and Stress testing (CCAR, ICAAP and BNM Stress Testing).
Responsible for ensuring compliance of Model Risk Management and Loss Provision guidelines against Global and Local Regulatory policies/guidances.
Undertake holistic review and maintenance of credit losses forecast models and processes to ensure best practice benchmarks are developed and adhered through a process of continuous improvement. Identify and escalate emerging and material risks within products losses and performance of forecasting models to Country Risk Manager.
Facilitates the development of appropriate risk scenarios for local stress testing exercises with stakeholders and other risks groups for ICAAP and Scenario Planning. Engage and plan for the delivery of stress test results in timely manner.
Develop MIS framework and methodology for Portfolio quality reports and performance reporting to cater for local regulator, regional and global. Mitigate inconsistent, inaccurate and error in reporting.
Establish and strengthen competency in building quantitative and analytical capability in support of strategic planning within risk team. Maintain strong discipline on compliance and controls aspects of the function.
Provide risk oversight on models performance and compliance to Model Risk Management policy and Chap 17 of GCCFRP. Ensure consistent tracking and monitoring of models performances. Work closely with Region model management team to ensure models breaches and model accuracy MIS are analyzed and escalated for improvement in timely manner.
Facilitate new models development and implementation with GMRA and Technology. Provide guidance on all the UATs testing to ensure smooth models implementation.
Ensure model documentation (Models Development Document Template and Annual Model Renewal are completed and approved as per Policy
Establish and strengthen competency in building quantitative and analytical capability in support of strategic planning within reporting team.
Develop succession planning and create opportunity for people development and cross functional learning.
Qualifications and Competencies:
Specialist in consumer banking with 10 years' experience and preferably have experienced in regulatory reporting and risk management.
Strong business acumen with ability to translate MIS or models results into business strategies.
Familiar with BNM guidelines and regulatory requirements to support the reporting process.
Ability to balance both quantitative and qualitative skills, providing support to CRM
Technical acumen; problem-solving and decision-making abilities
Analytical skills and a good eye for detail
Ability to cope under pressure
Planning and organization skills
Numerical skills and the ability to evaluate financials