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About the role
Key responsibilities & impact- 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
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency
Requirements
What you’ll need- 12+ years of experience in a large Financial Institution in Counterparty Credit Risk
- Strong understanding of Counterparty Credit Risk including Exposure and Margin frameworks/models, Stress testing, Wrong-Way Risk
- Knowledge of Markets businesses and products across OTC, Prime Brokerage, Clearing and Security Financing /Repo
- 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 will be a plus
- Broad understanding of current market and regulatory environment as applicable to Counterparty Credit Risk
Benefits
Comp & perks- access to telehealth options
- health advocates
- confidential counseling
- learning and development resources
- generous paid time off packages
ATS Keywords
✓ Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
Counterparty Credit RiskExposure frameworksMargin frameworksStress testingWrong-Way RiskComplex derivative structuresCredit documentationCredit master agreementsNetting mechanicsCollateral mechanics
Soft Skills
Problem recognitionCommunicationPresentationStakeholder managementRisk assessmentEthical judgmentTransparency