Financial Institutions and Counterparty Credit (“FICC”) within Wholesale Credit Risk (WCR) is responsible for proactively managing Citi’s credit exposures to NAM based insurance companies and their subsidiaries across the globe through a coverage model of regional and industry specialists. This team is similarly responsible for managing credit exposures for BDCs (Business Development Companies). Credit-sensitive products and services include loans, bespoke structured transactions, derivatives and other capital markets products, trade finance, clearing and settlement, cash, and securities services.
We are currently looking for a suitable candidate to join our FICC NAM Insurance team as a Senior Vice President/Credit Risk Officer graded C14, based in New York, New York. The position will report into the Head for FICC NAM.
What you’ll do:
- Be a strategic professional who closely follows the latest trends in own field and adapts them for application within own job and the business.
- Provide independent second line risk ‘review & challenge’ and final approval/recommendations for an assigned regional credit portfolio; maintain a thorough understanding of the content and aggregate risks within the portfolio, trends and other key statistics.
- Escalate emerging trends and specific risks in a diligent and timely manner. Ensure the covered insurance portfolio remains within the risk appetite of the overall business strategy.
- Partner with other Risk Units such as ICM (Institutional Credit Management), the first line risk team. Interface with coverage bankers or markets colleagues.
- Contribute to client diligence for new clients and complex transactions
- Help lead the development of insurance specific credit risk underwriting policies and practices, including the enhancement and monitoring of insurance risk rating models.
- Conduct analysis as needed and provide direction to partners on the appropriate response to external events, such as changes to insurance regulations, accounting standards, and financial markets.
- Interface with Internal Audit, Fundamental Credit Review and other control functions.
- Actively participate in ongoing portfolio reviews at the Regional as well as Credit Product level.
- Oversee Counterpart Credit Risk (CCR) through continued monitoring of CCR metrics and exposure controls.
- Assist ICM in the development of appropriate procedures around approvals, underwriting, portfolio functions, appropriate credit guidelines around proposed cash flow lending appetite
- Pro-actively reach out to risk and business partners, creating a shared learning environment between remote location and front office.
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
What we’ll need from you:
- 12+ years credit experience required
- Thorough credit and analytical skills, knowledge of credit products
- Preferably a Senior Credit Officer (SCO) or someone close to obtaining this title
- Extensive experience in Financial Institution risk management required with a focus on the insurance sector
- Deep technical expertise and credit risk experience with a broad exposure to banking and trading products as well as their relevant documentation
- Excellent communication and diplomacy skills required in order to negotiate internally
- Bold in approach to approve sound credit and highly collaborative work style
Education:
- Bachelor’s/University degree, Master’s degree preferred
What we can offer you:
This is a role that’ll offer you the opportunity to further deepen credit risk skills and knowledge of financial services operations. New business challenges that will help you to develop skills that can drive your career.
---------------------------------------- --------------
Job Family Group:
Risk Management--------------------------------------- ---------------
Job Family:
Credit Decisions-------------------------------------- ----------------
Time Type:
Full time------------------------------------- -----------------
Primary Location:
New York New York United States------------------------------------ ------------------
Primary Location Full Time Salary Range:
$163,600.00 - $245,400.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
----------------------------------- -------------------
Anticipated Posting Close Date:
Jul 15, 2024---------------------------------- --------------------
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.
Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. 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 the "EEO is the Law" poster. View the EEO is the Law Supplement.
View the EEO Policy Statement.
View the Pay Transparency Posting
