Credit Risk Portfolio Officer

Job Background/ContextInstitutional Credit Management (ICM) is a critical component of Citi's First Line of defense for wholesale and counterparty credit risk (CCR) management. ICM works with Independent Risk teams to ensure best-in-class risk and controls, and 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 Markets as well as Banking to ensure full alignment on business and regulatory goals, as well as consistency and best practices.Within ICM Counterparty Credit Risk (CCR), ICM Funds Underwriting is a global team responsible for measuring, monitoring and controlling counterparty risk for Funds, covering Asset Management Companies, Investment Advisors as Agent, and Pension Funds.We are seeking an experienced professional to underwrite CCR risk for some of our largest Real Money Funds clients as a Credit Officer. This is a First Line of Defense risk management role, with plenty of opportunities to work with front office and independent risk partners as well as to interact with clients.Key Responsibilities:Maintain and manage credit exposures to Real Money Funds clients including asset managers, investment advisor as agents, and pension funds, arisen from derivatives, financing and direct lending productsApprove credit reviews as a first line of defense underwriter (Credit Officer CO designation) including assessment of portfolio risk, liquidity of client positions, credit limits and risk appetite ratiosReview and approve new Funds clients at on-boarding to establish appropriate risk parameters and credit limitsAdvise and approve large transactions or deals that require individual risk assessmentAnalyze and monitor client portfolios to ensure that risks are controlled - primarily credit risk arising from market sensitive exposure and liquidity riskWork with Risk colleagues on risk mitigation at both inception of transactions and on an ongoing basisPartner with businesses and quantitative teams on risk measurement enhancements, margin model development, new product approvals and real-time monitoring and controlsPerform daily and weekly risk analysis and reporting on existing client portfolios as well as customized risk analysis on new client portfoliosCommunicate key findings to senior management and contribute to 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 practicesUtilize risk management tools for the measurement, monitoring and management of exposure and participate in project management of strategic risk infrastructure development.EducationBachelor's/Master's degree in mathematics, science, finance/economics, risk management or a related field requiredAn MBA, CPA, or CFA preferred and formal Credit Training is a plusKnowledge/Experience:Credit risk experience at a major financial institutionExperience with managing credit risk with training in finance, mathematics, risk management or quantitative fieldsRelevant credit experience covering Real Money Funds, Asset Managers, Hedge Funds, or Financial Institutions with markets products knowledgeKnowledge of Funds' markets products and risk metricsCredit Officer (CO) or demonstrating the skills aligned with that designationCompetencies:Experience and familiarity with Real Money Funds, Asset Managers, Pension Funds – Industry products and relevant CCR risk measuresStrong analytical skillsStrong problem solving abilitiesSound risk and business judgmentExcellent written and oral communication skillsAbility to work well with cross-functional teams from Business, Credit, Operations and ComplianceAbility to work independently as well as in a team environmentSkills:Credit review and analysis techniques, ability to proactively identify and remediate risk issuesStrong understanding of portfolio risk and its impacts on counterparty credit risk, across multiples asset classes including rates, equities, foreign exchange, credit and commoditiesStress testing techniques, instrument modelling skills desirableAbility to think from first principle and challenge assumptionsStrong analytical skills with good attention to details and a demonstrated aptitude for tackling analytical issues through quantitative modelling and assimilation of data into a working productStrong Excel skills ideally incorporating VBA (Visual Basic for Applications), programming skills in Python is a plusDevelopment Values: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 clientsLearn about risk management and financing products broadly as mandate covers wide variety of Markets and Banking productsInfluence the strategic direction of the Bank from a risk management perspectiveBuild solid market/credit Risk experience as we use cutting-edge risk models and techniques------------------------------------------------------Job Family Group:Risk Management------------------------------------------------------Job Family:Portfolio Credit Risk Management------------------------------------------------------Time Type:Full time------------------------------------------------------Most Relevant SkillsAnalytical Thinking, Constructive Debate, Escalation Management, Industry Knowledge, Policy and Procedure, Policy and Regulation, Process Execution, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.------------------------------------------------------Other Relevant SkillsFor complementary skills, please see above and/or contact the recruiter.------------------------------------------------------Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.View Citi's EEO Policy Statement and the Know Your Rights poster.