Senior Vice President, Counterparty Credit Risk

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 Citi
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 well-being 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-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 Head of APAC CCR for CCR risk management council and sub-councils 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, internal audit or self-identified CCR issues in APAC and the remediation associated with CCR issues
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
As a successful candidate, you'd ideally have the following skills and exposure:
Knowledge/Experience:
Candidates should have a minimum of 10+ years of experience in a large Financial Institution in Counterparty Credit Risk
Strong understanding of Counterparty Credit Risk including Exposure and Initial Margin models, Stress testing, Wrong-Way Risk, Clearing and Settlement Risk
Strong knowledge of Markets businesses and products across OTC, Prime Brokerage, Clearing and Security Financing /Repo and across range of assets classes and lines of business
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
Broad understanding of current market and regulatory environment as applicable to Counterparty Credit Risk
Skills/Competencies:
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
Strong project and process management skills and the ability to work collaboratively with a wide group of cross-functional stakeholders across levels
Demonstrated ab ility to lead meetings/calls, to listen to other points of view, provide appropriate challenge , influence partners and to take decisions with a clear rationale
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, acts as a role model to others
Ability to work comfortably in a matrix environment
Self-starter, motivated, aspirational
Qualifications:
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 .
Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact.
Take the next step in your career, apply for this role at Citi today

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required
------------------------------------------------------
Job Family Group:
Risk Management
------------------------------------------------------
Job Family:
Credit & Portfolio Risk Management
------------------------------------------------------
Time Type:
Full time
------------------------------------------------------
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review
Accessibility at Citi
.
View the "
EEO is the Law
" poster. View the
EEO is the Law Supplement
.
View the
EEO Policy Statement
.
View the
Pay Transparency Posting
#J-18808-Ljbffr

---