Posted:
9/4/2024, 8:52:42 AM
Location(s):
Dublin, Leinster, Ireland ⋅ Leinster, Ireland
Experience Level(s):
Expert or higher ⋅ Senior
Field(s):
Product
Workplace Type:
Hybrid
Shape your career with Citi in Dublin. 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.
Citi has had a presence in Ireland since 1965, it was one of the first foreign banks to open an office in the country and is the Citibank Europe Plc (CEP) Headquarters. CEP is the main European Union (EU) licensed banking entity for Citi in Europe and has branches in 21 countries. It is a systemically important bank for the European Central Bank (ECB) and Central Bank of Ireland (CBI). CEP has adopted principles based on regulatory requirements and guidance specifying the requirements and timeline for independent credit risk review which drives the rationale for this role.
Team/Role Overview
Global Risk Review (GRR) provides independent, objective, reliable, valued and timely assurance to Citi’s Boards, the Committees, the Citigroup Chief Risk Officer, the Citigroup Chief Credit Officer, senior management and regulators over the effectiveness of credit, capital and collateral risk management and the ability of the first and second lines of defence (the Business and independent Risk Management, respectively) to identify, monitor and mitigate current and emerging risks. Within GRR, the Banking & International Credit Review (BICR) function provides an independent review and challenge of credit risk management.
The Credit Review Senior Officer - BICR is responsible for independently managing all aspects of his or her assigned Review Entities. Responsibilities include execution of Business Monitoring and Reviews in accordance with the BICR Manual, monitoring and evaluation of Corporate Bank, Commercial Bank, Global Wealth and Markets portfolios, strategies, and credit risks, assessment of the effectiveness of credit risk management of assigned businesses, proposal of pragmatic solutions to risk and control issues, and maintaining ongoing contact with a Review Entity’s management through continuous Business Monitoring and corrective action follow-up where applicable.
What you’ll do
Assesses the effectiveness of credit risk management at Citi and the ability of the Business and Independent Risk to identify, monitor and mitigate current and emerging credit risks across assigned BICR Review Entities
Management of BICR Review Entities through quarterly Business Monitoring and periodic Reviews
Assessment of the quality and adequacy of credit analysis and exposure analysis as well as accuracy and appropriateness of risk ratings and classifications of corporate, commercial and high-net worth relationships
Assessment of the effectiveness of the credit risk processes and standards of assigned Review Entities to promote leading practices and identify opportunities for improvements
Assessment of Business and Risk staffing levels to determine the effects on assigned Review Entities
Preparation of Credit Assessment Documents in accordance with and at the quality standards required by the BICR Manual and Review Guides
Approval of relationship-level file testing prepared by BICR Credit Risk Reviewers
Evaluation of the appropriateness of Corrective Action Plans resulting from Reviews or Business Monitoring, and subsequent validation of the effectiveness of the same after implementation by the Business
Accountability for the quality and consistency of work products that include Credit Assessment Documents, Sample Rationale Documents, and Banking & International Credit Review Reports created for the assigned Review Entities
Support Credit Review Managers, Senior Credit Review Managers and Global Head of Banking and International Credit Review on cluster and/or global tasks
Proactive communication to Credit Review Team Managers, Senior Credit Review Managers and GRR Senior Management of any concerns and/or emerging risks that may jeopardize the assigned Review Entities
Travel Required (10% to 30% depending on cluster)
What we’ll need from you
Demonstrable financial services experience including credit experience in corporate or commercial banking
Work experience in Banking, Finance, Accounting, Economics, Business Administration or similar with credit or financial statement analysis experience
Good knowledge of capital markets products, including derivatives
Expert in risk analysis and risk management processes for one or more products and lending areas
Fully conversant in credit policy matters with proven sound judgment
Regulatory experience or relevant experience in a similar role at another institution is desirable
Advanced analytical skills, with the ability to identify root causes and trends and anticipate horizon issues
Strong project management skills, with the ability to coordinate and manage large review teams
Ability to recognize emerging risks, including operational risk
Proven ability to build and maintain relationships and exert influence without direct authority
Excellent written and verbal communication skills, with the ability to communicate clearly and concisely to audiences of varying levels of seniority
Proficient in Microsoft Office (Word, Excel, and PowerPoint)
Knowledge of Citi's organization and systems preferred
Language skills preferred, depending on cluster
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
What we can offer you
By joining Citi Dublin, 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 that support you (and your family) to be well, live well and save well. Discover more here.
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-JD2
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Credit Review Risk Management------------------------------------------------------
Time Type:
Full time------------------------------------------------------
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Website: https://www.citigroup.com/
Headquarter Location: New York, New York, United States
Employee Count: 10001+
Year Founded: 1812
Last Funding Type: Post-IPO Equity
Industries: Banking ⋅ Credit Cards ⋅ Financial Services ⋅ Wealth Management