Job Purpose: Individual will work as part of the Underwriting team under the global Institutional Credit Management (ICM) group. The position covers the Real Money Funds portfolio and will be reporting to the local Head of Funds Underwriting.
Job Background/Context: Institutional Credit Management (ICM) is a critical component of Citi's First Line of defence for wholesale and counterparty credit risk management and works with Independent Risk teams to ensure best-in-class risk and controls, as well as client responsiveness. Key responsibilities of the group include credit analysis and approvals, documentation, risk identification, exposure monitoring and stress testing. ICM coordinates with credit management groups across ICG businesses to ensure full alignment on business and regulatory goals, as well as consistency and best practices where appropriate. Underwriting is a global team within ICM responsible for measuring, monitoring and controlling counterparty risk. To fulfil this role, a risk professional is required who has experience in credit risk management and market risk management areas, and has got training in finance, mathematics, or other quantitative fields.
Key Responsibilities:
Approve credit reviews as a first line of defence approver (Credit Officer CO/Senior Credit Officer SCO designation) including assessment of portfolio risk, liquidity of client positions, credit limits and risk appetite ratios
Manage credit exposures to EMEA clients across derivatives, financing and direct lending products. Majority of the portfolio is NBFIs (Regulated Funds/Leveraged Funds, Pension Funds, Asset Managers)
Advise and approve large transactions or deals that require individual risk assessment
Work with Independent Risk colleagues on risk mitigation at both inception of transactions and on an ongoing basis
Monitor client portfolios to ensure that risks are controlled - primarily credit risk arising from market sensitive exposure and liquidity risk
Work with front office and clients to analyse client portfolios, propose counterparty risk limits and work with Credit risk management on getting limits approved
Perform daily and weekly risk analysis and reporting on existing client portfolios as well as customized risk analysis on new client portfolios
Communicate key findings to senior management and participate in in-business risk forums as appropriate.
Developmental Value:
The team is new giving opportunity to expand the role as the function grows.
Learn about risk management and financing products more broadly.
Influence the strategic direction of the Bank from a risk management perspective.
Build solid market/credit risk experience as we use cutting-edge risk models and techniques.
Required Knowledge and Experience:
Experience in analysing and managing Counterparty credit risk is a requirement, preferably at major financial institutions.
Knowledge of regulated funds, pensions funds and asset management industry and related counterparty credit risk management experience.
Relevant product knowledge across multiples asset classes including rates, equities, credit and commodities.
Skills:
Strong analytical skills with good attention to detail and a demonstrated aptitude for tackling analytical issues
Risk management of financial products such as derivatives and financing transactions. Ideally the candidate will have a good grasp of financial risk calculations (VaR, Stress Testing)
Ability to work well with cross-functional teams from Business, Credit, Legal, Operations and Compliance
Strong written and verbal communication skills
Sound risk and business judgment
Programming skills in Python, R or other statistical languages is a plus, but not mandatory
Education:
Bachelor's/Master's degree in mathematics, science, finance/economics or a related field
An MBA, CPA, or CFA preferred and formal Credit Training is a plus
Competencies:
Good communicator.
Entrepreneurial.
Strong analytical skills.
Strong problem solving abilities
Excellent written and oral communication skills
Ability to work independently as well as in a team environment.
------------------------------------------------------ Job Family Group: Risk Management------------------------------------------------------ Job Family: Credit & Portfolio Risk Management------------------------------------------------------ Time Type: Full time------------------------------------------------------ Citi is an equal opportunity and affirmative action employer.
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