Citi

Senior Officer, Independent Risk Quality Assurance – Wholesale Credit Risk

Citi

full-time

Posted on:

Origin:  • 🇺🇸 United States • Florida

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Salary

💰 $114,720 - $172,080 per year

Job Level

Senior

About the role

  • As part of Citi's Risk Management function, the Banking and International Risk (BIR) organization is responsible for management of Wholesale Credit Risk (WCR), International and Legacy Franchises. The advertised role is part of the Independent Risk Quality Assurance (IRQA-WCR) function within BIR, whose objective is to independently assess whether the established policies, standards, procedures, processes and controls relating to WCR management are followed and consistently applied across Citi. Leading and/or executing routine and complex QARs, including support and implementation of the IRQA WCR Program components and synthesizing QAR results Supporting Global Head of IRQA WCR and Function Heads in the execution and delivery of a robust IRQA Program Providing ongoing mentoring, guidance and coaching to IRQA WCR staff and stakeholders as necessary Provide effective credible challenge during QARs to Accountable Executive(s) and Portfolio Leads of the in-scope portfolios Synthesizing and assisting in preparation of QA Reports to senior management Subsequent follow-up on corrective actions that were raised during QARs Assisting in creation of, and providing feedback on, or updates to, new and existing IRQA assessment document templates and other templates used in the IRQA Program

Requirements

  • Bachelor’s degree in finance/accounting, or any other related subject; Master’s degree preferred 10+ years in banking, wholesale credit risk management, internal audit, portfolio management , loan review or quality assurance review function at an investment or large commercial bank. Understanding of Wholesale Credit Processes, and organizational awareness of covered portfolios, and processes; practical experience in wholesale lending and/or counterparty credit risk would be an added advantage Understanding of risk management and controls frameworks related to corporate/counterparty credit risk management or another financial risk discipline, past experience in problem credit assessment and risk mitigation is a plus Understanding of the markets and lending wholesale credit risk covered processes , to evaluate findings within the Quality Assurance process, determine materiality, and partnering with in-line makers and checkers for ongoing improvement, problem detection, and sustainable remediation Good background on end-to-end credit risk management processes and controls for large corporate and finance industries to properly evaluate processes, controls design and quality breaks within the quality assurance function Understanding of QA policies and procedures with the ability to execute change seamlessly. Strong awareness and adherence to the control environment including Quality Assurance and Quality Control. Strong interpersonal skills, with the ability to build relationships and exert influence with and without direct authority Good organizational skills with ability and willingness to work under pressure and manages time and priorities effectively Clear written and verbal communication skills, with the ability to communicate clearly and concisely to audiences of varying levels of seniority Intermediate Microsoft Office (Word, Excel, and PowerPoint) skills