ICM- Real Money Funds, Credit Officer, AVP
Company: Citi
Location: Clarence Center
Posted on: May 25, 2023
Job Description:
Job Purpose:Individual will work as part of Counterparty
Exposure (CPE) team under the global Institutional Credit
Management (ICM) group and be responsible for measuring, monitoring
and controlling counterparty risk for institutional clients.
Analyzing portfolios and businesses, with a focus on counter-party
and collateral risk to ensure the risks are being properly measured
and controlled in accordance with the Firms risk policies.Job
Background/Context:Institutional Credit Management (ICM) is a
critical component of Citis First Line of defense 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, 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.Counterparty Exposure (CPE) is a global team within ICM
responsible for measuring, monitoring and controlling counterparty
risk. To fulfill this role, a risk professional is required who has
experience in market risk management and credit risk management
areas, or has training in finance, mathematics or other
quantitative fields.Key Responsibilities:
- Maintain and manage credit exposures to clients across
derivatives, financing and direct lending products for Financial
Institutions including banks, insurance companies, and Asset
Managers including Funds, Hedge Funds
- Approve credit reviews as a first line of defense approver
(Credit Officer CO/Senior Credit Officer SCO designation) including
assessment of portfolio risk, liquidity of client positions, credit
limits and risk appetite ratios
- Advise and approve large transactions or deals that require
individual risk assessment
- Partner with businesses and quantitative teams on risk
measurement enhancements, margin model development, new product
approvals and real-time monitoring and controls
- Work with Risk colleagues on risk mitigation at both inception
of transactions and on an ongoing basis
- Analyze and monitor client portfolios to ensure that risks are
controlled - primarily credit risk arising from market sensitive
exposure and liquidity risk
- 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 act as the
chair for in-business risk forums as appropriate.
- Put together presentations and documents for internal and
external use on various topics including describing the functions
of the Risk Group, stress methodologies, and summarizing risk
issues.
- Conduct periodic review of the control environment, vetting of
new systems, processes, policies and procedures associated and
related to market and/or credit risk and ensuring they are in sync
with market practices
- Develop and utilize risk management tools for the measurement,
monitoring and management of exposure and participate in project
management of strategic risk infrastructure development.
- Represent the department to various independent risk teams,
auditors and regulatory agencies on issues related to counterparty
risk and controls.Developmental Value:
- Risk management role in the First Line of Defense, with plenty
of opportunities to work with front office and independent risk
partners as well as to interact with clients
- The team is new giving opportunity to expand the role as the
function grows
- Learn about risk management and financing products broadly as
mandate covers wide variety of markets products
- 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 techniquesRequired Knowledge and
Experience:
- Experience with managing credit risk OR training in finance,
mathematics, risk management or quantitative fields
- Relevant credit experience covering Financial Institutions
including banks, insurance companies, and/or Asset Managers
including Funds, Hedge Funds
- Preferred 3 - 5 years credit risk experience at a major
financial institution?Skills:
- Credit review and analysis techniques, ability to proactively
identify and remediate risk issues
- Strong understanding of portfolio risk and its impacts on
counterparty credit risk, across multiples asset classes including
rates, equities, credit and commodities
- Stress testing techniques, instrument modelling skills
desirable
- Ability to think from first principle and challenge
assumptions
- Strong analytical skills with good attention to details and a
demonstrated aptitude for tackling analytical issues through
quantitative modelling and assimilation of data into a working
product
- Strong Excel skills ideally incorporating VBA (Visual Basic for
Applications), programming skills in Python, R or other statistical
languages is a plusEducation:
- Bachelors/Master's degree in mathematics, science,
finance/economics, risk management or a related field required
- An MBA, CPA, or CFA preferred and formal Credit Training is a
plusCompetencies:
- Strong analytical skills
- Strong problem solving abilities
- Sound risk and business judgment
- Excellent written and oral communication skills
- Ability to work well with cross-functional teams from Business,
Credit, Operations and Compliance
- Ability to work independently as well as in a team
environment-------------------------------------------------Job
Family Group: Risk
Management-------------------------------------------------Job
Family:Business Risk &
Controls------------------------------------------------------Time
Type:Full
time------------------------------------------------------Primary
Location:New York New York United
States------------------------------------------------------Primary
Location Salary Range:$105,510.00 -
$158,270.00------------------------------------------------------Citi
is an equal opportunity and affirmative action employer.Qualified
applicants will receive consideration without regard to their race,
color, religion, sex, sexual orientation, gender identity, national
origin, disability, or status as a protected veteran.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 review .View the
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Keywords: Citi, Buffalo , ICM- Real Money Funds, Credit Officer, AVP, Accounting, Auditing , Clarence Center, New York
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