The Collateral Risk Manager is a key member of the in-business credit risk function with responsibility for the collateral that underpins the bank's lending, derivatives and securities financing activities. 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 bank and provides an excellent opportunity for a dynamic, innovative and results-oriented individual to take the next step on their career path and play a part in the development of a new department within the bank.
Ideal candidates will have experience in a corporate lending or a derivatives/securities finance function, either in a front office capacity or from a credit risk role. They will be strong team players with a track record in tackling new challenges, managing multiple priorities and delivering results.
The Team:
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 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 Citi's trading and banking book activities.
The Mission:
Collateral Risk Managers work in one of four regional teams, each tasked with operating the collateral risk function in their region, covering both banking book and trading book collateral. The role reports to the regional head of ICM Collateral 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.
Key benefits include the development of an unusually broad perspective on the firm's markets activities (including Rates, FX, Equities, Commodities and Credit), the acquisition of specialized knowledge of regulatory developments and, exposure to senior leadership and a rewarding, creative, and dynamic working environment.
The role:
The Collateral Risk Manager will be expected to take ownership of ICM's Collateral Management responsibilities for designated business units, including:
The analysis of collateralized activity in each of the business areas comprising Citi's wholesale credit activities
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
The documentation of collateral processes adopted in individual businesses and validation of alignment with Citi's policy and standards
Support of the business in the most effective use of collateral and the management of exceptional situations
Assisting the independent risk function, as they may require, in their capacity to review and challenge the collateral practices of the business
In partnership with ICM colleagues, the integration of risks deriving from collateral into counterparty credit considerations
Supporting the other members of the ICM Collateral Management team in the achievement of the team goals continuous improvement of the team's performance
Qualifications and Experience:
Bachelor's degree or equivalent experience
3+ years relevant experience in financial services; experience in risk management is a plus
Highly analytical & creative mindset
Strong and impactful presentation skills
Self-motivated, detail oriented, and a quick learner
Ability to work well under pressure, in a front office environment
Strong team player with good communication, interpersonal and organizational skills
Knowledge of the characteristics of individual collateral types is a plus
Familiarity with large scale data, querying and data handling applications such as Tableau is preferred
Knowledge of Citi's infrastructure is a plus
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Job Family Group: Risk Management -------------------------------------------------
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