SVP, Enterprise Concentration Risk Management - Analytics and New Initiatives (Hybrid)

Citi; Mississauga; Hybrid; CAD 120,000 - 170,000; Full time

Job summary

Citi is seeking a Senior Vice President for Enterprise Concentration Risk Management with a focus on enhancing the concentration risk framework. The ideal candidate will have extensive risk management experience in the banking sector, exceptional analytical skills, and a strong capacity to communicate complex risk concepts effectively. Responsibilities include risk assessment, monitoring, reporting, and ensuring compliance with regulatory requirements.

Qualifications

• 8-12 years of Risk Management experience at large banks.
• Solid expertise in Counterparty Credit Risk.
• Experience with regulatory frameworks around Concentration Risks.

Responsibilities

• Conduct comprehensive risk assessments to identify material and emerging concentration risks.
• Lead review sessions to enhance concentration-related key risk indicators.
• Prepare compelling risk reports for senior management.

Skills

Risk Assessment

Concentration Risk Management

Analytical Skills

Education

Bachelor's degree

Master's degree

Certified Risk Professional (CRP)

Financial Risk Manager (FRM)

Job description

SVP, Enterprise Concentration Risk Management - Analytics and New Initiatives (Hybrid)

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SVP, Enterprise Concentration Risk Management - Analytics and New Initiatives (Hybrid)

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Enterprise Concentration Risk Management (ECRM) is an enterprise-wide risk management function that encompasses credit risk, market risk, liquidity risk and operational risk. ECRM is part of the overall Enterprise Risk Management (ERM) Organization. The SVP Enterprise Concentration Risk Management – Analytics and New Initiatives is focused on supporting and enhancing the concentration risk framework at Citi. The individual will be responsible for providing concentration related subject matter expertise in concentration risk management to relevant stakeholders with focus on Counterparty Credit Risk.

The role encompasses :

• reviewing and challenging concentration risk identification framework (including any metrics) in coordination with risk and business management
• monitoring existing and emerging concentration risks to develop relevant concentration risk driven narrative for Senior Management and to the Board reports
• Design and develop approach to identify concentration risk concentrations across different Citi businesses and cross risk correlations

As the SVP Enterprise Concentration Risk Management, you will play a critical role in identifying, assessing, and mitigating risks across Citi. You will collaborate with senior leadership across multiple risk stripes and various business units to ensure effective risk management practices. If you have a strong background in ERM, particularly within the banking sector, and can communicate complex risk concepts persuasively, we’d love to hear from you!

Responsibilities :

• Risk Assessment and Identification - Conduct comprehensive risk assessments, considering both internal and external factors to identify material / emerging concentration risks, evaluate their potential impact, and recommend appropriate risk mitigation strategies across risk stripes
• Risk Monitoring and Measurement - Lead robust review and challenge sessions with key stakeholders across Wholesale Credit Risk to enhance concentration related key risk indicators (KRIs) and monitor their exposure.
• Concentration Risk Management - Lead robust review and challenge sessions with key stakeholders to ensure concentration limits are appropriately calibrated
• Risk Reporting and Communication - Prepare clear, concise, and compelling risk reports for senior management and the Board by synthesizing key concentration issues that impact Citi. Articulate complex risk issues in a way that resonates with diverse audiences.
• Regulatory Compliance - Prior experience of with implementation of frameworks related to OCC's Heightened Standard is extremely desirable. Knowledge of regulatory requirements around management of Concentration Risks at large banks is required.
• Adherence to Policy and Procedures - Ensure all monitoring and reporting procedures align with ECRM risk policies and work effectively with individual business risk policies as they pertain to ECRM.

Qualifications :

• Strong background in Financial Risk Management
• 8-12 years of Risk Management experience at large banks with at least 4 years of hands-on experience in Enterprise Risk Management
• Broad understanding of different risk stripes (e.g. credit, market, operational) within ECRM framework, with solid expertise in Counterparty Credit Risk.
• Familiarity with Regulatory expectation around Concentration Risk will be extremely helpful
• Strong analytical skills and the candidate should have the ability to link common risks across different risk areas

Education :

• Bachelor's degree / University degree or equivalent experience
• Master's degree preferred
• Certified Risk Professional (CRP), Financial Risk Manager (FRM), or similar certifications is desirable

Job Family Group : Risk Management

Job Family :

Portfolio Credit Risk Management

Time Type :

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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 Citi’s EEO Policy Statement and the Know Your Rights poster.

Seniority level

Seniority level

Not Applicable

Employment type

Employment type

Full-time

Job function

Job function

Finance and Sales

Banking, Financial Services, and Investment Banking

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Enterprise Management • Mississauga, Peel Region, Canada