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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