Portfolio Credit Risk Lead Analyst - Vice President
Citi
Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills and experience in Credit Risk, Analytics and Governance to Citi’s Portfolio Credit Risk team.
By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
This role oversees portfolio risk management activities to minimize credit losses and potential damage to the Citigroup franchise or reputation. The role includes developing business strategies, calculating Current Expected Credit Losses (CECL) reserves, conducting stress tests, loss forecasts, and managing risk appetite for the First Line of Defense (1LOD). For the Second Line of Defense (2LOD), the role involves providing effective oversight and periodic review and challenge of 1LOD portfolio management processes and outcomes. Individuals in this role ensure credit risk is managed effectively across all portfolios, protecting the company's financial stability and reputation while supporting the overall business strategy.
What you’ll do:
Oversee credit portfolio limits and stress testing, ensuring a balance between risk and reward and maintaining the company's risk appetite.
Develop advanced methodologies for limit setting within the credit portfolio, factoring in industry trends, regulatory standards, and internal risk appetite.
Manage comprehensive risk profiles, coordinating with regulatory bodies, conducting regular portfolio health checks and anticipatory identification of top risk factors.
Direct regular portfolio analysis, providing updates on portfolio performance, market trends, and risk factors for ongoing risk assessment and mitigation.
Lead governance discussions, interpreting limit governance rules and overseeing activities related to single name and distribution risk to ensure regulatory compliance.
Represent and coordinate the second line of defense in terms of risk appetite engagement, effectively communicating and managing risk statements and assessments.
Supervise the end-to-end framework for the adequacy of credit reserve and stress testing, ensuring proper management of the credit portfolio.
Examine, challenge, and validate new account strategies and account management development for robust checks, minimizing potential risk exposure.
Conduct rigorous internal and oversight reviews, probing into internal processes and controls, and managing any ensuing internal audits or regulatory examinations.
Assess risk when making business decisions, using advanced analytical skills to evaluate potential risks and protect the firm's reputation.
Uphold ethical conduct and ensure compliance with relevant legal and regulatory requirements by critically examining and challenging activities and processes.
Stay updated with industry trends and communicate clearly with various stakeholders, utilizing detailed analytical skills to make complex business decisions.
Actively monitor and adapt to the latest trends in credit risk analysis, leveraging them for improved forecasting and allowance calculations for credit.
Utilize expertise to enhance the efficiency and effectiveness of compliance processes for credit portfolio limits and negotiate strategic changes when necessary.
Proactively identifies opportunities to streamline work; creates process improvements that enhance efficiency for self and the team.
Takes personal accountability for escalating, identifying, and managing potential risk; implements controls that enhance the client experience and operational effectiveness.
What we’ll need from you:
6-10 years of experience proven experience in overseeing, challenging, and reviewing credit portfolio management.
Demonstrable understanding of credit analysis and counterparty risk with the ability to provide robust oversight and review.
Solid experience in the review, challenge and oversight of loanable value methodology and portfolio stress testing.
Ability to oversee, evaluate and challenge risk management tools and exposure monitoring processes.
Proficient in accuracy and completeness of credit data with the capability to oversee, challenge and review data sets.
Experience in overseeing, challenging, and reviewing risk management processes and portfolio risk reports.
Comprehensive understanding of risk measurements with a proven oversight, challenge and review skill set.
Competence in interpreting and analyzing complex financial data and making informed decisions.
Understanding of credit analysis, counterparty risk, and portfolio stress testing.
Proficiency in using risk management tools and exposure monitoring processes.
Readiness to promptly respond to ad-hoc transaction requests by identifying and mitigating trade-specific risks.
Capability to collaborate effectively with various teams including Risk Management, Technology, and Reporting Functions.
Skill in communicating complex financial concepts and risks to stakeholders.
Aptitude for organizing, coordinating, and executing projects from inception to completion.
Capacity to assist with information requests from regulators, auditors, and manage remediation efforts or corrective action plans.
Education: Bachelor's/University degree, Master's degree preferred.
What we can offer you:
By joining Citi Solutions Center Poland, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed) and enjoy a whole host of additional benefits such as:
Private Medical Care Program
Life Insurance Program
Pension Plan contribution (PPE Program)
Employee Assistance Program
Paid Parental Leave Program (maternity and paternity leave)
Sport Card
Holidays Allowance
Sport and team recreation activities
Special offers and discounts for employees
Access to an array of learning and development resources
A discretional annual performance related bonus
A chance to make a difference with various affinity networks and charity initiatives.
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
#LI-TM3
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Portfolio Credit Risk Management------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Analytical Thinking, Credible Challenge, Governance, Monitoring and Evaluation, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment, Risk Remediation.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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