Head of Counterparty Credit Risk

6 months ago

London, United Kingdom Citi Full time

**Job Purpose**:
Define and implement the strategy and governance framework for Counterparty Credit Risk (CCR) across Citi. CCR Governance includes the 2LOD review and challenge in a variety of CCR related committees (PSE Council, DSFT, Stress Testing; PPL, etc.) with the goal of bringing consistent thought process and actions to the CCR exposures.

**Job Background/Context**:
Counterparty Credit risk is one of the largest and most dynamic portfolios within Citi/ICG. The CCR portfolio accounts for $183Bln of OSUC across Citi of which $176Bln resides within the ICG. It spans all the capital markets products in scope.

**Key Responsibilities**:

- Lead and manage a team of risk professionals to determine and set CCR risk appetite and governance of CCR exposures
- Create and build a CCR governance framework, policies and procedures, and operating model
- Demonstrate strong capital markets and technical expertise to ensure that risk is appropriately identified, measured and managed accordingly
- Be fluent on the quantum, trend, composition of CCR exposure and work in conjunction with risk and business partners to establish overall CCR and WWR risk tolerance limits
- Oversee governance of the PSE and DSFT Councils and PPLs
- Devise a stress testing approach to pre-settlement exposure so that it can be used as another lens into the CCR portfolio
- A proactive approach to managing and motivating the team and searching for process improvements
- Engage with regulators and other constitutes on counterparty credit and financial institutions discussions
- Clear and responsive communication with senior management, auditors and regulators on all aspects

**Knowledge/Experience**:

- Strong capital markets product knowledge and analytical experience is required
- Strong partnering skills and the ability to work collaboratively across the organization; sound fundamental credit and portfolio management skills

**Skills**:

- Excellent organizational and communication skills (written and verbal)
- Superior analytical and quantitative skills
- Able to quickly distil transactions/business propositions to key risks
- Strong people and process management, mentoring, and coaching ability
- Demonstrated leadership skills
- Ability to lead meetings/calls, to listen to other points of view, provide appropriate challenge and to take decisions with a clear rationale

**Qualifications**:

- Educated to degree standard or equivalent; MBA preferred

**Competencies**:

- Demonstrates integrity and sound independent risk judgment
- Operates to the highest ethical standard, acts as a role model to others
- Ability to work comfortably in a matrix environment
- Self-starter, motivated, aspirational

The Certification Regime is one element of the Individual Accountability Regime which came into effect on 7 March 2016.

Under the Certification Regime, Citi UK regulated entities (Citi entities) must ensure that employees working in certain roles categorised as specified significant harm functions (Certified Roles) are assessed as fit and proper to carry out their role.

Under the guidance provided by the FCA and PRA, firms should have regard to the following when assessing fitness and propriety:

- Honesty, integrity and reputation
- Financial soundness
- Competence and capability

In order to comply with the requirements of the Certification Regime, Citi entities must take reasonable care to ensure that an employee does not perform a Certified Role without first being certified as Fit and Proper. For this reason, you will be assessed for this role against the Fit and Proper requirements, as described above.

This assessment will be carried out through extensive interviews, self-disclosures, permitted criminal record checks, regulated reference checks, credit checks and other background screening checks.
- **Job Family Group**:
Risk Management
- **Job Family**:
Credit Decisions
- **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

  • Head of EMEA Counterparty Risk

    3 weeks ago

    London, Greater London, United Kingdom Marex Spectron Full time

    Job SummaryWe are seeking an experienced Head of EMEA Counterparty Risk to lead our counterparty risk function across the Marex EMEA client base. As a key member of our credit risk team, you will be responsible for monitoring and assessing counterparty risk exposures, providing recommendations for credit facilities, and collaborating with global teams to...

  • Counterparty Risk Expert for EMEA

    1 week ago

    London, Greater London, United Kingdom Marex Spectron Full time

    Marex Spectron is a global financial services platform that provides essential liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets.Job Description:We are seeking a seasoned Counterparty Risk Expert to lead our EMEA counterparty risk function. As part of this role, you will take ownership of all...

  • Counterparty Credit Risk Officer

    7 days ago

    London, Greater London, United Kingdom Citibank (Switzerland) AG Full time

    Credit Risk Senior Officer, Senior Vice PresidentWe are seeking an experienced Counterparty Credit Risk Officer to join our team. The successful candidate will directly support the ongoing Citi-wide framework for the management of counterparty credit risk as well as their appropriate and accurate reflection in advanced regulatory capital requirement...

  • Risk Monitoring Specialist

    3 weeks ago

    London, Greater London, United Kingdom Marex Spectron Full time

    Marex Spectron is a diversified global financial services platform, offering essential liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets.Key ResponsibilitiesTake ownership of all elements of counterparty risk monitoring across the Marex Spectron EMEA client base.Collaborate with regional Heads...

  • Counterparty Credit Risk Associate

    2 days ago

    London,, UK, United Kingdom Miryco Consultants Ltd Full time

    Job Title: Counterparty Credit Risk AssociateOverview:A leading Investment Bank is seeking a skilled Counterparty Credit Risk Associate to join the function. The role involves managing counterparty risks for a diverse portfolio, including hedge funds, insurance companies, and agent lenders, and working across a range of banking products such as derivatives,...

  • Counterparty Credit Risk Associate

    4 days ago

    London, United Kingdom Miryco Consultants Ltd Full time

    Job Title: Counterparty Credit Risk AssociateOverview:A leading Investment Bank is seeking a skilled Counterparty Credit Risk Associate to join the function. The role involves managing counterparty risks for a diverse portfolio, including hedge funds, insurance companies, and agent lenders, and working across a range of banking products such as derivatives,...

  • Counterparty Credit Risk Associate

    5 days ago

    London, United Kingdom Miryco Consultants Ltd Full time

    Job Title: Counterparty Credit Risk AssociateOverview:A leading Investment Bank is seeking a skilled Counterparty Credit Risk Associate to join the function. The role involves managing counterparty risks for a diverse portfolio, including hedge funds, insurance companies, and agent lenders, and working across a range of banking products such as derivatives,...

  • Counterparty Credit Risk Associate

    3 days ago

    London, United Kingdom Miryco Consultants Ltd Full time

    Job Description Job Title: Counterparty Credit Risk Associate Overview: A leading Investment Bank is seeking a skilled Counterparty Credit Risk Associate to join the function. The role involves managing counterparty risks for a diverse portfolio, including hedge funds, insurance companies, and agent lenders, and working across a range of banking products...

  • Counterparty Credit Risk Analyst

    7 days ago

    London, Greater London, United Kingdom Citigroup Inc. Full time

    Citi Financial Risk Technology is seeking a skilled Counterparty Credit Risk Developer to join our team. This role will be responsible for developing and maintaining applications used for derivatives credit risk and exposure calculations Firm-wide.The ideal candidate will have experience in systems analysis and programming of software applications, as well...

  • Senior Counterparty Credit Risk Strategist

    1 week ago

    London, Greater London, United Kingdom Citi Full time

    Job DescriptionWe are seeking a Senior Counterparty Credit Risk Strategist to join our team at Citi.About the RoleThis is a full-time opportunity that offers a competitive salary of $120,000 - $180,000 per year, depending on experience.Key ResponsibilitiesDevelop and implement a comprehensive strategy for managing counterparty credit risk across Citi's...

  • Head of Counterparty Credit Risk Management

    4 weeks ago

    London, Greater London, United Kingdom Citi Full time

    Job Purpose: We are seeking a highly skilled professional to lead Counterparty Credit Risk (CCR) governance across Citi. The ideal candidate will define and implement the strategy and governance framework for CCR, ensuring consistent thought process and actions across the organization. Key Responsibilities:Develop and manage a team of risk professionals to...

  • Counterparty Credit Risk Officer-

    5 months ago

    London, United Kingdom Société Générale Full time

    **Responsibilities**: **Description of the Business Line or Department**_ _ OUR CULTURE At Société Générale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We...

  • Credit Risk Modeller – Counterparty Risk

    5 days ago

    London, United Kingdom Alexander Ash Consulting Full time

    Credit Risk Modeller – Counterparty Risk / Derivatives (Python)A major investment bank is undertaking a large risk programme regarding how they source data for credit risk modelling across the trade lifecycle and supporting functions, as well as how they ultimately model counterparty credit risks.You will be responsible for developing credit risk models...

  • Credit Risk Modeller – Counterparty Risk

    5 days ago

    London,, UK, United Kingdom Alexander Ash Consulting Full time

    Credit Risk Modeller – Counterparty Risk / Derivatives (Python)A major investment bank is undertaking a large risk programme regarding how they source data for credit risk modelling across the trade lifecycle and supporting functions, as well as how they ultimately model counterparty credit risks.You will be responsible for developing credit risk models...

  • Credit Risk Modeller – Counterparty Risk

    2 days ago

    London, United Kingdom Alexander Ash Consulting Full time

    Credit Risk Modeller – Counterparty Risk / Derivatives (Python)A major investment bank is undertaking a large risk programme regarding how they source data for credit risk modelling across the trade lifecycle and supporting functions, as well as how they ultimately model counterparty credit risks.You will be responsible for developing credit risk models...

  • Counterparty Credit Risk Strategist

    7 days ago

    London, Greater London, United Kingdom Citi Full time

    Citi is seeking a skilled Counterparty Credit Risk Strategist to join our team. In this role, you will be responsible for defining and implementing the strategy and governance framework for Counterparty Credit Risk (CCR) across Citi.Key ResponsibilitiesYou will lead and manage a team of risk professionals to determine and set CCR risk appetite and governance...

  • Credit Risk Modeller

    4 days ago

    London, United Kingdom Alexander Ash Consulting Full time

    Job Description Credit Risk Modeller – Counterparty Risk / Derivatives (Python) A major investment bank is undertaking a large risk programme regarding how they source data for credit risk modelling across the trade lifecycle and supporting functions, as well as how they ultimately model counterparty credit risks. You will be responsible for developing...

  • Software Engineer

    3 weeks ago

    London, Greater London, United Kingdom Goldman Sachs Full time

    About the RoleTransform Goldman Sachs by applying your technical expertiseAs a software engineer on our Counterparty Credit Risk team, you will play a key role in enhancing the way the firm measures, manages, and supervises counterparty credit risk. You will be responsible for designing and developing software solutions that improve first-line-of-defense...

  • Credit Risk Modeller – Counterparty Risk

    4 days ago

    London Area, United Kingdom Alexander Ash Consulting Full time

    Credit Risk Modeller – Counterparty Risk / Derivatives (Python)A major investment bank is undertaking a large risk programme regarding how they source data for credit risk modelling across the trade lifecycle and supporting functions, as well as how they ultimately model counterparty credit risks.You will be responsible for developing credit risk models...

  • Credit Risk Modeller – Counterparty Risk

    5 days ago

    London Area, United Kingdom Alexander Ash Consulting Full time

    Credit Risk Modeller – Counterparty Risk / Derivatives (Python)A major investment bank is undertaking a large risk programme regarding how they source data for credit risk modelling across the trade lifecycle and supporting functions, as well as how they ultimately model counterparty credit risks.You will be responsible for developing credit risk models...