Icm - Counterparty Exposure Mgmt - Vp

4 days ago

London, United Kingdom eFinancialCareers Full time

Individual will work as part of Counterparty Exposure (CPE) team under the global Institutional Credit Management (ICM) group and be responsible for measuring, monitoring and controlling counterparty risk for institutional clients. Analyzing portfoliosand businesses, with a focus on counter-party and collateral risk to ensure the risks are being properly measured and controlled in accordance with the Firm's risk policies.
Job Background/Context:
Institutional Credit Management (ICM) is a critical component of Citi's First Line of defense for wholesale and counterparty credit risk management and works with Independent Risk teams to ensure best-in-class risk and controls, as well as client responsiveness.Key responsibilities of the group include credit analysis, documentation, risk identification, exposure monitoring and stress testing. ICM coordinates with credit management groups across ICG businesses to ensure full alignment on business and regulatory goals,as well as consistency and best practices where appropriate.
Counterparty Exposure (CPE) is a global team within ICM responsible for measuring, monitoring and controlling counterparty risk. To fulfill this role, a risk professional is required who has experience in market risk management and credit risk management areas,or has training in finance, mathematics or other quantitative fields.
Key Responsibilities:

- Maintain and manage credit exposures to clients across derivatives, financing and direct lending products for Asset Managers, Regulated Funds, Pension Funds and Hedge Funds
- Approve credit reviews as a first line of defense approver (Credit Officer CO/Senior Credit Officer SCO designation) including assessment of portfolio risk, liquidity of client positions, credit limits and risk appetite ratios
- Advise and approve large transactions or deals that require individual risk assessment
- Work with Risk colleagues on risk mitigation at both inception of transactions and on an ongoing basis
- Partner with businesses and quantitative teams on risk measurement enhancements, margin model development, new product approvals and real-time monitoring and controls
- Analyze and monitor client portfolios to ensure that risks are controlled - primarily credit risk arising from market sensitive exposure and liquidity risk
- Perform daily and weekly risk analysis and reporting on existing client portfolios as well as customized risk analysis on new client portfolios
- Communicate key findings to senior management and act as the chair for in-business risk forums as appropriate.
- Put together presentations and documents for internal and external use on various topics including describing the functions of the Risk Group, stress methodologies, and summarizing risk issues.
- Conduct periodic review of the control environment, vetting of new systems, processes, policies and procedures associated and related to market and/or credit risk and ensuring they are in sync with market practices
- Develop and utilize risk management tools for the measurement, monitoring and management of exposure and participate in project management of strategic risk infrastructure development.
- Represent the department to various independent risk teams, auditors and regulatory agencies on issues related to counterparty risk and controls.
Developmental Value:

- Risk management role in the First Line of Defense, with plenty of opportunities to work with front office and independent risk partners as well as to interact with clients
- The team is new giving opportunity to expand the role as the function grows
- Learn about risk management and financing products broadly as mandate covers wide variety of markets products
- Influence the strategic direction of the Bank from a risk management perspective
- Build solid market/credit Risk experience as we use cutting-edge risk models and techniques
Required Knowledge and Experience:

- Relevant credit underwriting experience covering Asset Managers, Funds, Hedge Funds, and/or Financial Institutions counterparties
- Experience with managing credit risk OR training in finance, mathematics, risk management or quantitative fields
- Preferred 3 plus years credit risk experience at a major financial institution

**Skills**:

- Credit review and analysis techniques, ability to proactively identify and remediate risk issues
- Strong understanding of portfolio risk and its impacts on counterparty credit risk, across multiples asset classes including rates, equities, credit and commodities
- Stress testing techniques, instrument modelling skills desirable
- Ability to think from first principle and challenge assumptions
- Strong Excel skills ideally incorporating VBA (Visual Basic for Applications), programming skills in Python, R or other statistical languages is a plus
- Understanding of Swaps and SPV financing structures a plus

**Education**:

- Bachelor's/Master's degree in mathematics, science, finance/economics, risk management or a related field required
- An CFA/FRM or equivalent as well as formal Credit Training is a plus
Competencies:

- Strong analytical skills
- Strong problem solving abilities
- Sound risk and business judgment
- Excellent written and oral communication skills
- Ability to work well with cross-functional teams from Business, Credit, Operations and Compliance
- Ability to work independently as well as in a team environment
--------------------------------------------
- **Job Family Group**:
Risk Management ------------------------------------------------
- **Job Family**:
Business Risk & Controls -----------------------------------------------------
- **Time Type**:
Full time -----------------------------------------------------
- Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
View the " **EEO is the Law** " poster. View the **EEO is the Law Supplement**.
View the **EEO Policy Statement**.
View the **Pay Transparency Posting**:

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- Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccina

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