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    Collateral Risk Manager AVP - New York, United States - Citigroup Inc

    Citigroup Inc
    Citigroup Inc New York, United States

    1 week ago

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    Description


    Job DescriptionThe Collateral Risk Manager is a key member of the in-business credit risk function with responsibility for the collateral that underpins the bank's lending, derivatives and securities financing activities.

    Working closely with individual business units and with the second-line risk management function, the Collateral Risk Manager is part of a specialized team overseeing the management of collateral across multiple business units, identifying and responding to exceptions in the use of collateral and monitoring collateral-related risks across all businesses in the region.

    This is a new role in a rapidly growing area of the bank and provides an excellent opportunity for a dynamic, innovative and results-oriented individual to take the next step on their career path and play a part in the development of a new department within the bank.

    Ideal candidates will have experience in a corporate lending or a derivatives/securities finance function, either in a front office capacity or from a credit risk role.

    They will be strong team players with a track record in tackling new challenges, managing multiple priorities and delivering results.


    The Team:


    In line with its focus on risk and controls, Citi has created a new first line risk function, Institutional Credit Management (ICM).


    ICM's principal focus is credit risk:

    it has the objective of providing integrated "end-to-end" credit underwriting and the management of associated risks for wholesale credit businesses across the enterprise.

    Within ICM, the Collateral team focuses on the monitoring and management of risks relating to collateral posted and received in connection both with Citi's trading and banking book activities.


    The Mission:


    Collateral Risk Managers work in one of four regional teams, each tasked with operating the collateral risk function in their region, covering both banking book and trading book collateral.

    The role reports to the regional head of ICM Collateral Management.

    Working closely with designated business units and the corresponding independent risk functions, the Collateral Risk Manager provides support and expertise in managing exceptional situations, monitors collateral quality and ensures consistent and robust application of collateral standards with respect to eligibility, rating, valuation and maintenance.

    Key benefits include the development of an unusually broad perspective on the firm's markets activities (including Rates, FX, Equities, Commodities and Credit), the acquisition of specialized knowledge of regulatory developments and, exposure to senior leadership and a rewarding, creative, and dynamic working environment.


    The role:
    The Collateral Risk Manager will be expected to take ownership of ICM's Collateral Management responsibilities for designated business units, including:The analysis of collateralized activity in each of the business areas comprising Citi's wholesale credit activitiesThe identification, classification and prioritization of collateral related risks (including wrong way risk, and, in collaboration with ICM colleagues, the internal assessment of credit and liquidity characteristics of collateralThe ongoing oversight, review and refinement of collateral management processes and the tools and data supporting themThe documentation of collateral processes adopted in individual businesses and validation of alignment with Citi's policy and standardsSupport of the business in the most effective use of collateral and the management of exceptional situationsAssisting the independent risk function, as they may require, in their capacity to review and challenge the collateral practices of the businessIn partnership with ICM colleagues, the integration of risks deriving from collateral into counterparty credit considerationsSupporting the other members of the ICM Collateral Management team in the achievement of the team goals continuous improvement of the team's performanceQualifications and Experience:Bachelor's degree or equivalent experience3+ years relevant experience in financial services; experience in risk management is a plusHighly analytical & creative mindsetStrong and impactful presentation skillsSelf-motivated, detail oriented, and a quick learnerAbility to work well under pressure, in a front office environmentStrong team player with good communication, interpersonal and organizational skillsKnowledge of the characteristics of individual collateral types is a plusFamiliarity with large scale data, querying and data handling applications such as Tableau is preferredKnowledge of Citi's infrastructure is a plus

    Job Family Group:
    Risk Management

    Job Family:
    Credit & Portfolio Risk Management

    Time Type:
    Full time

    Primary Location:
    New York New York United States

    Primary Location Salary Range:
    $109, $163,680.00Citi 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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