The Collateral Risk Manager is a key member of the in-business credit risk function responsible for collaterals that underpin Citigroup's wholesale lending and trading activities in the APAC region. Working closely with individual business units and with the second-line risk management function, the Collateral Risk Manager is part of a specialized team overseeing the management of collateral across multiple business units, identifying, and responding to exceptions in the use of collateral and monitoring collateral-related risks across all businesses in the region.
This is a new role in a rapidly growing area of the firm and provides an excellent opportunity for a dynamic, innovative, and results-oriented individual to take the next step of their career path and to play a key role in the development of a new department within the firm.
Ideal candidates for this role will have a strong understanding of credit risk management and collaterals, as well as excellent communication and relationship building skills. The candidate must be able to work independently and as part of a team and be able to effectively manage multiple tasks and priorities in a fast-paced environment.
In line with its focus on risk and controls, Citi has created a new first line risk function, Institutional Credit Management (ICM). ICM's principal focus is credit risk: 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 Risk Management group focuses on the monitoring and management of risks relating to collateral posted and received in connection with Citi's wholesale trading and banking book activities. The Collateral Risk Management group consists of the global team and a regional team in APAC of which this role forms a key part.
Collateral Risk Manager works in the APAC regional team which is tasked with operating the collateral risk function in the APAC region, covering both banking book and trading book collaterals. The role reports to the APAC Head of Collateral Risk Management.
Working closely with designated business units and the corresponding independent risk functions, the Collateral Risk Manager provides support and expertise in managing exceptional situations, monitors collateral quality and ensures consistent and robust application of collateral standards with respect to eligibility, rating, valuation, and maintenance. The person will also define and lead collateral project initiatives for the APAC region from time to time, which will involve initiating, resourcing, and driving tactical projects required to tackle the immediate needs of the ICM Collateral Risk Management group.
Key benefits include the development of an unusually broad perspective on the firm's activities (across both banking book and trading book), the acquisition of specialized knowledge of regulatory developments and the Bank's financing practices, exposure to senior leadership and a rewarding, creative, and dynamic working environment.
The Collateral Risk Manager is responsible for overseeing the risk management of collateral assets in the APAC region. Their main roles and responsibilities include:
Collateral risk management: Responsible for the development and implementation of collateral risk management strategies relating to all collateral assets within APAC, and make recommendations for appropriate actions, such as collateral substitution or liquidation.
Risk assessment: Assess the risk associated with the collateral assets within APAC. This involves analyzing the quality and value of the collateral, identifying any potential risks, and implementing risk mitigation strategies for collateral that is at risk of default.
Risk structuring: Collaborate with the lines of business and other stakeholders to establish appropriate collateralization terms and to agree exceptions to standard provisions where justified.
Reporting: Responsible for preparing and presenting reports to senior management and other stakeholders regarding the status of collateral assets within the region. This includes providing regular updates on the performance of collateral portfolios, identifying any emerging trends or risks, and making recommendations for risk mitigation strategies.
Compliance: Ensure that all collateralized wholesale credit exposures within APAC comply with internal policies and procedures relating to collateral, as well as external regulatory requirements. Work with individual businesses and underwriting teams to ensure that all requirements relating to collateral valuation, control, documentation, and monitoring are met.
Stakeholder management: Work closely with other stakeholders, such as clients, regulators, and auditors, to ensure that collateral management activities within APAC are aligned with the needs and expectations of these stakeholders.
Project management: Manage projects and programs that relate to collateral from time to time. The role will take the lead on specific collateral initiatives, actively participate in other collateral projects, and maintain an overview of all current transformation and credit risk programs impacting collateral.
Qualifications and Experience:
Bachelor's degree or equivalent experience
5+ years relevant experience in Financial Services
Experience in credit risk management and knowledge of the role of collateral in mitigating credit risk
Knowledge of the characteristics of individual collateral types, particularly real estate, physical assets, and other non-financial collateral
Highly analytical & creative mindset
Strong and impactful presentation skills
Self-motivated, meticulous, and a quick learner
Ability to work well under pressure, in a front office environment
Excellent communication, interpersonal and organizational skills
Familiarity with large scale data, and querying and engaging with technology partners is preferred
Knowledge of Citi's infrastructure is a plus
Track record of engagement in complex regulatory affairs and leadership of regulatory-related projects is a plus
Job Family Group: Risk Management -------------------------------------------------
Job Family: Business Risk & Controls ------------------------------------------------------
Time Type: Full time ------------------------------------------------------
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