Icm Collateral Risk Manager

ICM Collateral Risk Manager (APAC)

Job Summary
The Collateral Risk Manager is a key member of the in-business credit risk function with responsibility for the collateral that underpins the bank’s lending and trading activities in the APAC region. Working closely with individual business units and with the second-line risk management function, the Collateral Risk Manager leads a specialized team overseeing the management of collateral across multiple business units, identifying and responding to exceptions in the use of collateral and monitoring collateral-related risks across all businesses in the region.
This is a new role in a rapidly growing area of the bank and provides an excellent opportunity for a dynamic, innovative and results-oriented individual to take the next step on their career path, to build and lead a team and to play a key role in the development of a new department within the bank.

**The Team**:
In line with its focus on risk and controls, Citi has created a new first line risk function, Institutional Credit Management (ICM). ICM’s principal focus is credit risk, and it has been established with the objective of providing integrated “end-to-end” credit underwriting, and the management of associated risks for wholesale credit businesses across the enterprise.
Within ICM, the Collateral team focuses on the monitoring and management of risks relating to collateral posted and received in connection both with Citi’s trading and banking book activities. The Collateral team will consist of 4 regional Collateral Risk teams (NAM, EMEA, APAC, LATAM) and a central regulatory team (split across NAM and EMEA).

**The Mission**:
The Collateral Risk Manager is one of four regional leads, each tasked with establishing and operating an effective collateral risk function in their respective region, covering both banking book and trading book collateral. The Collateral Risk Manager will establish effective working relationships with all collateral-taking businesses in the region and with the 2nd line risk functions aligned to them. The role reports to the global head of ICM Collateral Management with a matrix reporting line in region.
The Collateral Risk Manager will build and train the regional collateral risk team, lead the implementation of the collateral operating model and manage the oversight of all collateral activities in the region, in the process building extensive relationships with regional business units, second line risk and the wider ICM Team.
Key benefits include the development of an unusually broad perspective on the firm’s markets activities (including Rates, FX, Equities, Commodities and Credit), the acquisition of specialized knowledge of regulatory developments and the firm’s financing practices, exposure to senior leadership and a rewarding, creative, and dynamic working environment.

**The role**:
The Collateral Risk Manager will be expected to make a major contribution towards the refinement of the team’s mandate and operating model and to take a leading role in the execution of existing responsibilities including:
The identification, classification and prioritization of collateral related risks (including wrong way risk, and, in collaboration with ICM colleagues, the internal assessment of credit and liquidity characteristics of collateral)
The ongoing oversight, review and refinement of collateral management processes and the tools and data supporting them
In partnership with ICM colleagues, the integration of risks deriving from collateral into counterparty credit considerations
Take ownership of first line risk agenda in all relevant governance bodies
Leadership of the regional Collateral Risk Team including the management and career development of team members

**Qualifications and Experience**:
Bachelor's degree or equivalent experience
8+ years relevant experience in Financial Services (or strategy consulting) including credit extension/management in corporate lending
Track record in managing teams
Highly analytical & creative mindset
Strong and impactful presentation skills
Self-motivated, detail oriented, and a quick learner
Ability to work well under pressure, in a front office environment
Excellent communication, interpersonal and organizational skills
Knowledge of the characteristics of individual collateral types, particularly real estate, physical assets and other non-financial collateral is a plus
Familiarity with large scale data and querying and engaging with technology partners is preferred
Experience partnering with the business to assess data for patterns and spot anomalies
Knowledge of Citi’s infrastructure is a plus
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- **Job Family Group**: Risk Management
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- **Job Family**: Business Risk & Controls
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- **Time Type**: Full time
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- Citi is an equal opportunity