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Candidate will need to become familiar with ICG Risk Policies and HKMA supervisory guidelines.
Support Country Risk Manager (CRM) in various portfolio management activities including ongoing monitoring of tripwires/triggers/covenants, stress tests (periodic and adhoc/thematic), portfolio level risk reporting and monitoring, and data integrity checks etc.
Review Credit Memos - Annual Reviews, EUDDs
Interface with Banking, Product, and Risk counterparts on credit approval and execution of transactions.
Participate in management of distressed credits and documentation reviews
Work with the CRM to maintain and update the Guidelines for Approved Elsewhere Process for Hong Kong including the recently approved streamlined Annual Review Process for names meeting certain metrics/thresholds agreed with HKMA.
Portfolio Management & Reporting
Prepare semi-annual portfolio review of Regional Credit including portfolio report, economic overview, and classification heat-map.
Manage stress testing including HK Regional Credit input for annual CCAR/ICG Corporates Global Stress Tests as well as ad hoc/thematic stress tests
Investigate portfolio movements and data quality issues; as required provide clarification or remediate issues
Prepare cost of credit forecasts
Ensure that Hong Kong Regional Credit activities are compliant with ICG Risk Policies and applicable US/HKMA regulations. Identify potential issues/gaps, implement remedial actions if required and drive to completion
Drive implementation of new regulatory and industry requirements as they arise
Coordinate with FIN and FRI on regulatory reporting for CBNA HK. Work with FRI on any new regulatory reporting requirements.
Franchise/Legal Vehicle Governance
Legal Vehicle Governance - assist CRM on regulatory compliance and satisfactory governance framework for booking of the wholesale credit exposures/portfolios
IFRS 9: review ECLs on a quarterly basis and input adjustments if required
Risk Appetite Statement: quarterly reporting to CHKL board on key trade asset metrics
ICAAP: manage stress test of portfolio, ensure appropriate documentation for legal vehicle board approval
Model Risk Management: submit potential models for identification. Manage model validation and compliance with Model Risk Management policies.
Booking Unit Memos: Review booking unit memos for transactions that are booked in Hong Kong without any local coverage; review and provide feedback on Booking Unit memo guidance
Regulatory Control Matrix: Ensure internal controls are mapped to local regulations and get updated as an when new applicable regulations are released.
Scenario Plan: Support RMCO on Hong Kong and Macau Scenario Plans and XB limits review.
Manage internal and external reviews/audits
For reviews by FCR, IA, KPMG, HKMA, Franchise Audit, prepare deliverables, provide information and analysis as requested
Follow up on any resulting recommendations/requirements, manage iCAPs as required, and track to completion.
On an ongoing basis, respond to questions from FRI reporting team who prepares several monthly country governance reports for the RMCO (CCC, RMCF, ALCO).
In case of new outsourcing activities, prepare Business Outsourcing Proposal (BOP),
Performance Level Standards Document (PLSD), Additional Documentation Requirement (ADR), performing Annual Due Diligence (ADD). Also complete parallel runs to ensure that outsourced functions prepare material in the manner required
MCA: Manage testing and consolidation for the Hong Kong Regional Credit MCA. Manage Annual Review session to review the continued relevance/completeness of MCA content
COB: Oversee all Continuity of Business (COB) requirements including preparation of Business Recovery Plan and Business Impact Analysis, People Loss Plan, performance of Application testing and coordinate Call Tree exercise
Candidate should have between 5-8 years of work experience in credit/portfolio management related asks and/or experience in risk regulatory matters.
Risk Management background with an understanding of credit risk and internal processes.
Knowledge of accounting and corporate finance, financial modelling, credit and banking products, credit analytics, risk assessment, and transaction execution
Consistently demonstrate clear and concise written and verbal communication
Proven ability to work with little direction and in a team
Demonstrated accountability, self-motivation and business acumen
Strong database management (Microsoft Excel, MS Access) and analytical/modelling skills
Strategic and goal oriented
Bachelor's degree/University degree or equivalent experience
------------------------------------------------- Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - HK------------------------------------------------------ Time Type :Full time------------------------------------------------------ Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity. 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 CLICK HERE . To view the "EEO is the Law" poster CLICK HERE . To view the EEO is the Law Supplement CLICK HERE . To view the EEO Policy Statement CLICK HERE . To view the Pay Transparency Posting CLICK HERE .