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 to Citi’s Risk Management 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

FIG&CCR is part of the 2nd Line of Defence, responsible for the management of Citi’s counterparty credit risk exposures to Financial Institutions. This position will be management of one of the key risk areas for this entity and will work closely with the global and regional team on developing and implementing this framework. Citi's goal is to ensure continuous and consistent service for our UK and Western European clients while managing associated risks to fit within Citi’s Risk Appetite.   

The successful candidate will directly support the ongoing Citi-wide framework for the management of counterparty credit risk as well as their appropriate and accurate reflection in advanced regulatory capital requirement calculations.  As such, the role will entail top-level exposure across all businesses operating globally.

The Senior Vice President on the Western European Banks, Brokers and NBFI Team with responsibility for managing the Organisation’s credit risk to a portfolio of the Firm’s most complex and large bank and finance company relationships. The role will involve working in very close collaboration with the rest of FIG&CCR in North America and other global locations.

What you’ll do

• Directing the initial and annual credit reviews on a portfolio of banks, brokers and/or NBFIs.

• Approving credit facilities, specific transactions and exceptions within delegated credit authority and communicating with the 1st Line of Defence and sales force on a daily basis.

• Reviewing bespoke transactions and new products.

• Advancing and innovating risk management tactics

• Streamlining processes and changing firm-wide policies and procedures to be more reflective of current market conditions

• Negotiating the credit-related terms in committed loan documents as well as ISDAs, MRAs, MSFTAs and other capital markets legal documentation.

• Providing leadership and guidance to junior staff.

• Provide recommendations about specific clients within the portfolio and provide monitoring of all extensions of credit for these names

• Work with Frankfurt and Dublin based CEP and CGME Head of Counterparty Credit Risk respectively on specific projects, including portfolio reviews, updating of credit processes within the portfolio, presentations to senior management, adherence to Regulations and Guidelines, IFRS 9 etc.

• Have the responsibility acting as the 2LoD  for the Businesses (Investment Banking and Markets) and ICM for approvals and risk management on relationships within the portfolio.

• Monitor industry, product and macro-economic developments and assess the impact on portfolio

• Undertake critical projects and ad-hoc risk requests as they arise

• Work closely with the regional and global FIG&CCR Team as well as with Citi’s global Risk team.

Development Value

The successful candidate will directly support the management of counterparty credit risk as well as their appropriate and accurate analysis of regulatory requirements analysis. As such, the role will entail high-level exposure across all businesses operating on Citi’s multiple legal vehicle platforms.

• Significant interaction with senior Risk Management and non-Risk partners.

• Significant interaction with in-business Risk, product partners and Corporate Banking partners.

• Significant scope for improving processes and practices

• Significant exposure to a large variety of products and services provided to the interbank market on a global scale

• Breadth of role will provide significant business and personal development opportunities

• Unique opportunity to be part of entity and business structure in a key strategic area for Citi.

What we’ll need from you

• Solid / relevant experience in counterparty credit risk management

• Citi Senior Credit Officer (SCO) or equivalent qualification is needed

• Preferable prior coverage: large, complex, banks and finance companies for a broad range of loan, capital markets and treasury/cash management products

• Up-to-date working knowledge of regulatory requirements and change, specifically those from Basel and European regulatory authorities (desirable)

• Knowledge of treasury, cash management, and clearing products and services

• Deep technical expertise with the ability to combine a broader skillset of managing stakeholders and driving a strategic agenda

• Ability to lead projects and assignments of high complexity within Citi

• Understanding of Citi’s internal models and risk management practices

• Understanding and insight into key regulations affecting Citi’s use of counterparty credit internal models

• Ability to identify complex business issues ensuring proper analysis / interpretation of issues

• Strong negotiation, influencing and communication skills

• Scope for improving processes and practices

• Strong organizational and project management skills

• Strong analytical skills & proven ability to solve problems independently

• Excellent interpersonal skills necessary to deal with colleagues at all levels across the firm

• Track record of success in delivering high quality work in a fast paced and dynamic environment

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 Programme  

• 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 energised 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-PM3

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Job Family Group:

Risk Management

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Job Family:

Credit Decisions

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Time Type:

Full time

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