Overview
Credit Risk Manager role in Citi's Financial Institutions Group (FIG) and Counterparty Credit Risk (CCR) team within Risk Management. Primary coverage for European insurance companies; the team also covers banks, broker dealers, FinTech and FMI clients as workload dictates. The role focuses on 2LoD review, challenge and decisioning of client and/or transaction level underwriting proposals received from 1LoD, incorporating detailed counterparty credit and/or transaction analysis. This role aims to manage and mitigate potential credit losses while supporting sustainable business growth.
What you’ll do
* Partner with 1LoD to risk manage a designated client portfolio in a proactive and timely manner.
* Provide review, challenge and credit decisioning for the assigned portfolio of FIG clients and/or recommendations to more senior credit officers as needed.
* Independently assess the accuracy and appropriateness of risk ratings and classifications for the assigned client portfolio.
* Critically evaluate assigned portfolio(s), identifying and assessing emerging risks.
* Monitor outsized exposures including CCR factor sensitivities and understand drivers of Citi’s exposure to these clients.
* Escalate early and maintain a culture of no surprises.
* Drive continuous improvement of credit risk processes and standards for assigned entities.
* Identify opportunities for simplification and improvement in credit-related processes, including the use of Citi AI tools.
* Oversee and validate corrective action plans for identified issues, addressing concerns from control functions.
* Contribute to periodic Insurance-related portfolio health reviews for EMEA clients.
* Lead ad-hoc requests for industry-specific data and/or analysis as requested by senior 2LoD risk management, in a timely manner, engaging with 1LoD and theBusiness as necessary.
* Attend meetings with external regulators in respect of the Insurance portfolio as required.
* Promote a collaborative work ethic with stakeholders including ICM, Banking and the Business.
* Contribute to periodic reviews of the Insurance CAM templates/guidance and risk rating scorecard.
* Assist the Global FIG&CCR Head and/or 2LoD Global Insurance lead in orchestrating regional and/or global tasks using innovative techniques and methodologies.
* Collaborate with other credit risk families to support the best outcome for Citi, sharing and implementing best practices.
* Make informed business decisions, considering risk assessment, the firm's reputation, and compliance with laws, rules, and regulations.
* Ensure compliance with applicable laws, rules, and regulations, upholding policy and ethical business practices.
* Manage and report control issues with full transparency, using advanced judgment and innovative techniques.
What we’ll need from you
* Solid and extensive Credit Risk experience with the European insurance sector, including life, non-life and composite insurers.
* Understanding of the European regulatory landscape, topical issues and the key risk considerations associated with these clients.
* Ability to multi-task to tight deadlines while managing stakeholder expectations.
* Experience with Global Markets products including complex transactions and associated legal documentation.
* Demonstrated thought leadership, developing new techniques, methodologies, and approaches for credit risk management.
* Expertise in evaluating complex issues with substantial impact, utilizing in-depth quantitative and qualitative analysis.
* Exceptional communication skills, including clear articulation and effective presentation of complex information.
* Advanced skills in mediating disputes and advocating for organizational interests with high-level stakeholders.
* A strong team player and collaborative mindset with the ability to challenge established norms and pioneer new approaches.
* Proven ability to guide decision-making processes and implement technical solutions effectively.
* Awareness of private credit and private equity as it pertains to the Insurance sector would be advantageous.
* Bachelor's or Master’s degree preferred.
What we can offer you
* Paid Parental Leave
* Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
* Discretionary annual performance-related bonus
* Private medical insurance packages to suit your personal circumstances
* Employee Assistance Program
* Pension Plan
* Special discounts for employees, family, and friends
* Access to learning and development resources
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