VP, Credit Portfolio Officer
Citigroup
Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At **Citi** , you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.
**Shape your Career with Citi**
Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
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**In this role, you’re expected to:**
FIG&CCR is part of the Banking & International Risk (BIR) group, which oversees risk management of Wholesale Credit, International and Legacy Franchises. BIR provides second line of defense oversight, review and challenge over our lending and counterparty credit activities globally. We collaborate with our key partners in the first line of defense, including Institutional Credit Management (ICM) function to manage capabilities across our Wholesale Credit businesses, underpinned by a common Wholesale Credit Risk Framework and Policy. Key Activities include:
+ Support the risk coverage of the Financial Institutions and Counterparty Credit (FIG&CCR) Portfolio for regional fund & hedge fund counterparties and provide local Hong Kong credit portfolio oversight, reporting to the Funds & Hedge Funds Cluster Head for FIG&CCR.
+ Responsible for the review and challenge of financial analysis, risk assessment and credit structure recommendation for cash flow lending products and counterparty credit limits.
+ Make recommendations or provide approvals to mitigate Counterparty Credit Risk including collateral management, netting agreements, and credit derivatives.
+ Facilitate negotiation, review and challenge and approval of exceptions relating to Imaster trading agreements, collateral agreements, and other legal documents to ensure proper risk mitigation.
+ Supplement analysis with research and evaluations from a wide variety of sources to develop an assessment of client, competitor/ industry risks and trends for senior management.
+ Monitor the assigned credit portfolio and complete periodic reviews, maintaining a thorough understanding of the content and aggregate risks within the portfolio, trends and other key statistics
+ Monitor and manage exceptions on counterparty exposure limits and concentrations.
+ Supports the Hong Kong Chief Risk Officer (CRO) meeting regulatory expectations, new regulation implementation and handling queries from HKMA and SFC that are specific to the FIG&CCR portfolio booked in Hong Kong legal entities.
**As a successful candidate, you’d ideally have the following skills and exposure:**
+ 5 to 8+ years credit and analytical experience required.
+ Proven track record of successfully overseeing financial institutions risk portfolios in the FIG&CCR space, preferably with prior experience covering funds and hedge funds counterparties.
+ Strong product knowledge and understanding, e.g. swaps, futures, and repos, as well as the agreements that govern them such as ISDA/CSA and GMRA.
+ Ability to operate in a fast-paced environment, characterized by a high volume of time-sensitive approvals, which requires proactivity and strong prioritization skills.
+ Excellent communication and diplomacy skills required to negotiate internally, often at a senior level and occasionally with clients.
+ Effective verbal and written communication skills.
+ Strategic professional who closely follows latest trends in own field and adapts them for application within role.
+ Bachelor’s/University degree, Master’s degree preferred.
Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.
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**Job Family Group:**
Risk Management
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**Job Family:**
Portfolio Credit Risk Management
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**Time Type:**
Full time
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