Senior Vice President, Counterparty Credit Risk (CCR) & Wholesale Credit Remediation Projects, [...]

Citi; Singapore; Hybrid; SGD 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a Senior Vice President for Counterparty Credit Risk. This pivotal role involves designing and implementing risk management strategies across the APAC region. The ideal candidate will bring over a decade of experience in financial institutions, demonstrating a strong grasp of counterparty credit risk and market products. This innovative firm values growth and development, offering extensive training and the chance to make a meaningful impact through community engagement. Join a dynamic team where your expertise will shape the future of risk management in a collaborative environment.

Qualifications

• 10+ years of experience in Counterparty Credit Risk at a large Financial Institution.
• Strong understanding of Markets businesses and products.

Responsibilities

• Implement and operate the 2nd Line Counterparty Credit Risk framework.
• Design and enhance frameworks and procedures for CCR risk management.

Skills

Counterparty Credit Risk

Analytical Skills

Project Management

Communication Skills

Quantitative Skills

Education

Master's degree in quantitative/finance

Job description

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.

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.

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.
• Design and enhance new and existing frameworks, related standards, and procedures for CCR risk management.
• Ensure CCR frameworks, practices and policies applied to all market products.
• Actively monitor CCR portfolio across business, risk stripes and legal vehicles.
• Focus on early warning and proactive problem recognition.
• Help 2nd line of defense Credit officers in pre-trade review.
• Support Head of APAC CCR for CCR risk management council and sub-councils.
• Support APAC CCR head in regulatory interactions on the CCR portfolio.
• Oversee tracking and timely completion of any action plans related to CCR issues in APAC.
• Appropriately assess risk when business decisions are made.

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.
• Strong knowledge of Markets businesses and products.
• Strong technical expertise of complex derivative structures.
• Knowledge of Credit documentation and various Credit master agreements.
• Broad understanding of current market and regulatory environment.

Skills/Competencies:

• Excellent organizational and communication skills.
• Superior analytical and quantitative skills.
• Strong project and process management skills.
• Demonstrated ability to lead meetings/calls.
• Regularly communicates and ensures key messages are cascaded.
• Demonstrates integrity and sound independent risk judgment.
• 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.

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

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.