Initiative Manager - Wholesale Credit Risk - AVP

London, United Kingdom
09 Sep 2022
23 Sep 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job Description

The role is within the Institutional Credit Management (ICM), which is accountable for the management of complex, critical & large professional client credit risk, working on the delivery of the multi-year Wholesale Credit Risk project.

The successful candidate will be able to apply understanding of the business to project management. Good communication skills are required to influence internally, often at a senior level, to tight deadlines. The role is accountable for the end results in their area of responsibility.

  • Develop a detailed understanding of the Wholesale Credit Risk (WCR) Initiative program deliverables, Wholesale and Counterparty Credit Risk (WLCR / CCR) and the working of the first and second lines of defense, in accordance with Citi project management and governance standards of practice.
  • Provide governance, oversight and monitoring activities in accordance with the WCR initiative and processes specified by the Transformation Program Office.
  • Provide reporting or analyze data across key deliverables, including the identification and remediation of issues and audit items.
  • Able to influence and work with a team of professionals across different time zones and departments
  • Requires an understanding of multiple areas within the function and how they interact to achieve the objectives of the function
  • Ensure that emerging risks identified are socialized with key stakeholders and mitigation strategies are in place
  • Excellent communication skills required to negotiate internally, often at a senior level.
Job Responsibilities

Responsibilities and priorities will reflect needs of the WCR Initiative and will evolve over time, however the following are some of the specific activities expected of this role:
  • Accountable for the successful delivery of certain components of the WCR Initiative in line with overall book of work.
  • Global reporting and communication of project status and risks to appropriate senior business and project managers, project reviews / health checks of the book of work, will be required across all program deliverables to support execution in accordance with strict guidelines.
  • Supporting the Program Director in the identifying and resolving program risks/issues and ensuring the timely delivery of program plans, resources and reporting across all ICG lines of business and wider stakeholders.
  • Building a strong network in Citi across teams and time zones to support them completing their milestones
  • Effective communication with key stakeholders, both internal and external to the program / project, including obtaining buy-in for proposals.
  • Liaison and clear communications with internal parties as required.
  • Analyzing, providing insight and driving execution across various project components
  • Producing information to support regulatory or audit reviews when applicable and be involved in post program reviews for key initiatives.
  • The role will require developing a deep knowledge of the key regulations and rules applicable to CCR and/or WLCR
Further the role holder must 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Knowledge, Experience & Skills
  • 3+ years of experience in Risk, the Front Office or a Financial PMO function.
  • Knowledge and experience of structured project management techniques in a front office environment
  • Knowledge of CCR and/ or WLCR management and regulations.
  • Ability to review and provide concise/impactful insight into meeting regulatory remediation needs.
  • Bachelor's/University degree or equivalent experience in a relevant subject e.g. Math, Finance or Business is preferred
  • Strong, appropriate industry knowledge & delivery track record is essential.
What we Offer
As well as a competitive salary and consideration for a yearly discretionary bonus, Citi offers:
  • 23 days paid annual leave
  • Award winning pension scheme
  • Life assurance
  • Private medical insurance with Bupa healthcare
In addition, we offer a competitive maternity, paternity and adoption leave scheme and employees also have the option (provided they have a student loan from the Student Loan Company) to divert saver and company match contributions to their student loan. We pride ourselves on our ability to offer employees a number of lifestyle benefits including; on site restaurant and coffee shops, online shopping and concierge service and subsidised clubs and societies.
  • Our select benefit package offers you the opportunity to customise your benefits according to your own lifestyle preferences and includes corporate discounts, memberships and a range of additional extras.
  • Our vast range of diversity networks demonstrates Citi's commitment to growing a diverse workforce.
Job Family Group:
Risk Management -------------------------------------------------
Job Family:
Business Risk & Controls ------------------------------------------------------
Time Type:
Full time ------------------------------------------------------
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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