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    Wealth Credit Management - New York, United States - Citigroup Inc

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    Description
    Citi Global Wealth

    Citi Global Wealth (CGW) is a Division of Citi focused on serving the needs of clients across the entire wealth spectrum. It has been created by combining the Wealth Management businesses across Citi Global Consumer Bank and Citi Private Bank. It serves over 500,000 clients through its global footprint in Asia, EMEA, Mexico, and North America.

    Citi Global Wealth delivers a wide range of products and services covering capital markets, managed investments, portfolio management, trust and estate planning, investment finance and banking. By building on the strengths and capabilities across Citi, we intend to transform the way we serve clients across the wealth spectrum, delivering the full range of high tech and high touch capabilities Citi can offer, and ultimately help them achieve their goals.

    Citi Global Wealth propositions are delivered via tailored offerings across the Citigold, Citi Private Client, and Citi Private Bank brands.

    Job Background/Context:

    The lending business of CGW offers aircraft finance, art-backed finance, law firm finance, commercial and residential real estate finance, margin finance, and tailored lending solutions to target market clients of the Private Bank.

    Wealth Credit Management (WCM) is a critical component of the first line of defense for credit risk management. Key responsibilities of the group include credit analysis, documentation, risk identification, exposure monitoring and associated administration associated with Citi Global Wealth lending activities.

    Within WCM, the Portfolio Strategy and Governance group is focused on the strategic business oversight of the portfolio management processes globally. This includes (i) developing best in class portfolio analytics, (ii) coordinating the global portfolio management framework to ensure standardization, timely identification of areas of credit concern and remedial actions where required, (iii) establishing portfolio and product limits, (iv) leading stress testing in alignment with Enterprise Risk Management requirements.

    Key Responsibilities:
    • Develop and enhance the credit risk analytical framework to support portfolio management activities related to CGW's credit portfolio.
    • Build product expertise across the credit offerings including CRE, structured lending (including illiquid collateral), aircraft, art and law firm finance.
    • Support the development and ongoing review of portfolio and product levels limits.
    • Assist in the build-out of the portfolio risk life-cycle, i.e. risk taxonomy, identify credit trends/emerging risks to calibrate risk appetite, and translate into portfolio/product limits.
    • Play a lead role in implementing portfolio level analytics, business-led stress testing, and an Early Warning indicators (EWI) framework.
    • Partner with the CGW Independent Risk function and with portfolio management teams in Institutional Credit Management (ICM) to ensure consistency of processes across the firm.
    • Help determine and implement enhanced process and risk infrastructure improvements, and partner with technology teams as required.
    • Assist with other Senior Management needs, including data aggregation and presentations.
    Skills/Competencies:
    • 4-6 years of risk experience
    • BS or equivalent degree in a quantitative or financial discipline
    • Strong analytical skills and attention to detail
    • Effective written and verbal communication skills
    • Self-starter, with ability to work well under pressure.
    • Ability to collaborate and build partnerships
    • Wholesale credit risk or Wealth Management credit experience a strong plus.
    Job Family Group:
    Private Client Product Services

    Job Family:
    IF Lending Generalist

    Time Type:
    Full time

    Primary Location:
    New York New York United States

    Primary Location Salary Range:
    $175, $250,000.00

    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


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