Counterparty Credit Portfolio Officer, VP
Citi
full-time
Posted on:
Location Type: Hybrid
Location: Mumbai • India
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Job Level
About the role
- Help implement and operate the 2nd Line Counterparty Credit Risk and controls framework for Citi.
- Direct the execution strategy for Pre-Settlement Exposure (PSE), Net Stress Exposure (NSE) and various CCR measurements standards across Citi APAC businesses in partnership with Credit Officers, Risk Analytics and Technology and key stakeholders in 1st Line of Defense including Banking, Markets, and Institutional Credit Management.
- Ensure CCR frameworks, practices and policies applied to all market products, including all Over-The-Counter (OTC) Derivatives across Equity, Foreign Exchange (FX), Fixed Income, Commodities, Credit derivatives; Prime Brokerage, Futures and OTC Clearing, Securities Financing Transactions and Cash trading across all Credit portfolios.
- Actively monitor CCR portfolio across business, risk stripes and legal vehicles on the quantum, trend, composition, and work in conjunction with Credit officers and Business partners to ensure CCR exposures remain within risk appetite.
- Focus on early warning and proactive problem recognition based on markets indicators and portfolio concentrations and timely escalate issues to senior management for any action or resolution.
- Help 2nd line of defense Credit officers in pre-trade review, challenge, and what-if analysis for new complex derivatives activity with application of CCR frameworks for effective and efficient risk on-boarding.
- Support CCR risk management governance by preparing and presenting updates on various CCR pillars to CCR councils and senior management forums.
- Support regulatory interactions on the CCR and manage increasing demands of regulatory oversight on CCR including ensuring timely and accurate inputs to regulators.
Requirements
- Candidates should have a minimum of 8+ years of experience in a large Financial Institution in Counterparty Credit Risk.
- Prior work experience in Counterparty Credit Risk including Exposure and Margin frameworks/models, Stress testing, Wrong-Way Risk, Clearing and Settlement Risk.
- Prior work experience in Markets businesses and products across OTC, Prime Brokerage, Clearing and Security Financing /Repo and across range of assets classes and lines of business.
- Strong technical expertise of complex derivative structures and understanding of associated first order/second order risks.
- Knowledge of Credit documentation and various Credit master agreements, legal terms related to netting/collateral/margin mechanics.
- Broad understanding of current market and regulatory environment as applicable to Counterparty Credit Risk.
- Expert in Microsoft Excel for complex data modeling, analysis, and ability to leverage Python (e.g., Pandas, NumPy, Matplotlib/Seaborn) and other relevant data analytics tools for data manipulation, statistical analysis, and visualization.
Benefits
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Applicant Tracking System Keywords
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Hard Skills & Tools
Counterparty Credit RiskExposure frameworksMargin frameworksStress testingWrong-Way RiskClearing RiskSettlement RiskComplex derivative structuresData modelingStatistical analysis
Soft Skills
Problem recognitionProactive communicationPresentation skillsStakeholder managementCollaboration