Collateral Risk AVP - Hybrid
Citi Bank - New York City, NY
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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. The Collateral Risk team works globally, across all lending segments.Job SummaryThe ICM Collateral Risk AVP is responsible for the measurement, monitoring, and management of collateral risk arising from the bank's collateralized wholesale lending activities globally. Working closely with individual business units and with the second-line risk management function, the Collateral Risk Manager will assist in the structuring of and maintain monitoring responsibilities for a wide range of collateral types (including cash, real estate, commodities and other physical assets, etc.).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 be one of the founding members of the team, and to play a key role in the development of a new department within the bank.Ideal candidates for this role will have extensive experience either in secured lending and related collateral analysis, (whether in a banking or risk management capacity) or in other roles involving capital/stress testing related to collateralized lending. They will have a track record in tackling new challenges, solving complex problems and delivering effective and robust solutions.The Mission:The Wholesale Lending Collateral Risk team is one of five collateral team verticals, each tasked with establishing and operating an effective collateral risk function in their respective region or activity set, covering all collateral relating to Citi's wholesale credit activities. The individual in this role will work cross-functionally with various Business and Risk stakeholders. The role reports to the global head of Wholesale Lending Collateral Management.Key benefits include the development of an unusually broad perspective on the firm's wholesale lending activities globally (spanning Corporate Banking, Real Estate, Securitizations, and other business areas), 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 AVP 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:Assisting senior team members in review of collateral related risks, and the creation of collateral risk frameworksTaking a lead role in collateral related projects (business/asset specific, capital/Basel related, etc.)Acting as the focal point for all key queries and escalations in respect of collateral for lending activitiesTaking ownership of first line risk agenda in all relevant governance bodiesDevelopment into a leadership role to further build out the team and framework globally.Qualifications and Experience:Bachelors degree or equivalent experience3+ years relevant experience in Financial Services (or strategy consulting) including credit extension/management in corporate lending, ideally across 2 or more regionsHighly analytical & creative mindsetStrong and impactful presentation skillsTrack record in building internal relationships and cross-functional processesAbility to work well under pressure, in a front office environmentExcellent communication, interpersonal and organizational skillsKnowledge of the characteristics of individual collateral types, particularly real estate, physical assets and other non-financial collateralFamiliarity with risk and regulatory capital frameworks in the context of the banking bookKnowledge of Citi's organizational structure and infrastructure is a plusUnderstanding of regulatory capital (e.g. CCAR, Basel III) fundamentals / stress testing a plus but not required
Created: 2024-04-20