Senior Vice President, Counterparty Credit Risk

1 week ago

Singapore Citi Full time
Whether you're at the start of your career or looking to discover your next adventure, your story begins here.

At
Citi, you'll have the opportunity to expand your skills and make a difference at one of the world's most global banks.

We're fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning.

You'll also have the chance to give back and make a positive impact where we live and work through volunteerism.


Shape your Career with Cit
Citi's
Risk Management organization oversees risk-taking activities and assesses risks and issues independently of the front line units.

We establish and maintain the enterprise risk management framework that ensures the ability to consistently identify, measure, monitor, control and report material aggregate risks.

We're currently looking for a high caliber professional to join our team as
Senior Vice President, Counterparty Credit Risk (CCR) & Wholesale Credit Remediation Projects, Financial Institutions and Counterparty Credit Risk (FICC) - Hybrid (

Internal Job Title:
Credit Portfolio Senior Officer I - C14) based in Changi Business Park, Singapore.

Being part of our team means that we'll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future.


For instance:

  • We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That's why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
  • We empower our employees to manage their financial wellbeing and help them plan for the future.
  • We have a variety of programs that help employees balance their work and life, including generous paid time off packages.

Job Background:

Counterparty Credit Risk is one of the largest and most dynamic portfolios within Citigroup.

It spans all the capital markets products across all counterparties including Financial Institutions, Corporates, Public Sector, Central Counterparties, Commercial Bank and Private Bank clients and is part of 2nd Line of Defense independent risk function Financial Institutions and Counterparty Credit Risk (FICC) team under Banking and International Risk.


Reporting to:
Director, Asia Pacific (APAC) Head of Counterparty Credit Risk (CCR) & Wholesale Credit Remediation Projects, FICC

Job Purpose:


Under the guidance of APAC Head of Counterparty Credit Risk, design and implement the strategy and governance framework for Counterparty Credit Risk across Citi APAC.

CCR function includes portfolio management of CCR exposures across all Credit portfolios, oversight on CCR frameworks, pre-trade advisory on complex derivatives and addressing any remediation plans with the goal of bringing consistent thought process and actions to the CCR management in the region.


In this role, you're expected to:

  • Help implement and operate the 2nd Line Counterparty Credit Risk and controls framework for Citi APAC. Direct the execution strategy for Pre-Settlement Exposure (PSE), Net Stress Exposure (NSE) and various CCR measurements standards across Citi APAC 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
  • Design and enhance new and existing frameworks, related standards, and procedures for CCR risk management. Partner with a wide range of stakeholders including Global CCR, Risk, Analytics and Technology and Business
  • Ensure CCR frameworks, practices and policies applied to all market products, including all Over-TheCounter (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
  • Support Head of APAC CCR for CCR risk management council and subcouncils on various CCR frameworks related to PSE, Stress Testing etc. Prepare and present communications to senior management and forums on new initiatives
  • Support APAC CCR head in regulatory interactions on the CCR portfolio. Manage increasing demands of regulatory oversight on CCR including ensuring timely and accurate inputs to regulators
  • Oversee tracking and timely completion of any action plans related to any regulatory, intern

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