Counterparty Credit Risk Officer - SVP

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in Counterparty Credit Risk Management of Financial Institutions in Tier 1 institutions, deep understanding of markets, traded products and risk measurement to Citi’s Credit Risk - Financial Institution Group (FIG) 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.

Team / Role Overview:

Counterparty Credit Risk is one of the largest and most dynamic portfolios within Citigroup. It spans all the capital markets products in scope. This role is a senior-level position responsible for leading activities related to counter-party credit risk exposure management. This role broadly encompasses both portfolio management responsible for guiding and leading CCR portfolio review and stress testing in response to market events and evolving business strategies. The role also requires the investigation of specific trades/product issues such as pre-settlement exposure, stress testing etc. and reviewing and communicating significant changes or trends in credit risk profiles. The overall objective of this role is to manage the integrity of traded product (derivatives and SFT) exposures for counterparties globally.

Counterparty Credit Risk Portfolio Officer role is a risk manager role in Counterparty Credit Risk (CCR) function in Citgroup. CCR function includes portfolio management of CCR exposures across all Credit portfolios, oversight of CCR frameworks, pre-trade advisory on complex derivatives and addressing any remediation plans adhering to the best practices and regulatory requirements.

What you’ll do:

• Help implement and operate the 2nd Line Counterparty Credit Risk and controls framework for Citi. Direct the execution strategy for Pre-Settlement Exposure (PSE), Net Stress Exposure (NSE) and various CCR measurements standards across Citi’s businesses in partnership with Credit Officers, Risk Analytics and Technology and key stakeholders in 1st Line of Defense including Banking, Markets, and Institutional Credit Management
• Ensure CCR frameworks, practices and policies applied to all market products, including all Over-The-Counter (OTC) Derivatives across Equity, Foreign Exchange (FX), Fixed Income, Commodities, Credit derivatives; Prime Brokerage, Futures and OTC Clearing, Securities Financing Transactions and Cash trading across all Credit portfolios
• Actively monitor CCR portfolio across business, risk stripes and legal vehicles on the quantum, trend, composition, and work in conjunction with Credit officers and Business partners to ensure CCR exposures remain within risk appetite.
• Focus on early warning and proactive problem recognition based on markets indicators and portfolio concentrations and timely escalate issues to senior management for any action or resolution
• Help 2nd line of defense Credit officers in pre-trade review, challenge, and what-if analysis for new complex derivatives activity with application of CCR frameworks for effective and efficient risk on-boarding
• Support CCR risk management governance by preparing and presenting updates on various CCR pillars to CCR councils and senior management forums
• Support regulatory interactions on the CCR and manage increasing demands of regulatory oversight on CCR including ensuring timely and accurate inputs to regulators

What we’ll need from you:

• Candidates should have a solid experience in a large Financial Institution in Counterparty Credit Risk
• Strong understanding of Counterparty Credit Risk including Exposure and Margin frameworks/models, Stress testing, Wrong-Way Risk
• Knowledge of Markets businesses and products across OTC, Prime Brokerage, Clearing and Security Financing /Repo
• Strong technical expertise of complex derivative structures and understanding of associated first order/second order risks
• Knowledge of Credit documentation and various Credit master agreements, legal terms related to netting/collateral/margin mechanics will be a plus
• Broad understanding of current market and regulatory environment as applicable to Counterparty Credit Risk
• Excellent organizational and communication skills (written and verbal)
• Superior analytical and quantitative skills and be able to quickly distil transactions/business propositions to key risks
• Ability to work collaboratively with a wide group of cross-functional stakeholders across levels
• Demonstrated ability to lead meetings/calls, to listen to other points of view, provide appropriate challenge, influence partners
• Regularly communicates and ensures key messages are cascaded throughout the broader teams
• Demonstrates integrity and sound independent risk judgment and operates to the highest ethical standard
• Ability to work comfortably in a matrix environment
• Self-starter, motivated, aspirational
• Educated to quantitative/finance master's degree standard or equivalent
• Exceptional candidates who do not meet these criteria may be considered for the role, provided they have the necessary experience and skills.

What we can offer you:

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi London, 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: 

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
• A discretional annual performance related bonus 
• Private medical insurance packages to suit your personal circumstances
• Employee Assistance Program  
• Pension Plan 
• Paid Parental Leave 
• Special discounts for employees, family, and friends 
• Access to an array of learning and development resources.

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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