In Business Counterparty Credit Approver

Recruiter
Citi
Location
London, United Kingdom
Salary
Competitive
Posted
16 Jan 2023
Closes
31 Jan 2023
Ref
18478168
Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job Purpose:
Individual will work as part of Counterparty Exposure (CPE) team under the global Institutional Credit Management (ICM) group and be responsible for measuring, monitoring, controlling and approving counterparty risk for institutional clients.

Job Background/Context:
Institutional Credit Management (ICM) is a critical component of Citi's First Line of defense for wholesale and counterparty credit risk management and works with Independent Risk teams to ensure best-in-class risk and controls, as well as client responsiveness. Key responsibilities of the group include credit analysis and approvals, documentation, risk identification, exposure monitoring and stress testing.
ICM coordinates with credit management groups across ICG businesses to ensure full alignment on business and regulatory goals, as well as consistency and best practices where appropriate.
Counterparty Exposure (CPE) is a global team within ICM responsible for measuring, monitoring and controlling counterparty risk. To fulfill this role, a risk professional is required who has experience in credit risk management and market risk management areas, or has training in finance, mathematics or other quantitative fields.

Key Responsibilities:
  • Approve credit reviews as a first line of defense approver (Credit Officer CO/Senior Credit Officer SCO designation) including assessment of portfolio risk, liquidity of client positions, credit limits and risk appetite ratios
  • Manage credit exposures to EMEA clients across derivatives, financing and direct lending products. Majority of the portfolio is NBFIs (Funds/Levered Funds, Pension Funds)
  • Advise and approve large transactions or deals that require individual risk assessment
  • Work with Independent Risk colleagues on risk mitigation at both inception of transactions and on an ongoing basis
  • Monitor client portfolios to ensure that risks are controlled - primarily credit risk arising from market sensitive exposure and liquidity risk
  • Work with Sales trading and clients to analyze client portfolios, propose counterparty risk limits and work with Credit risk management on getting limits approved
  • Perform daily and weekly risk analysis and reporting on existing client portfolios as well as customized risk analysis on new client portfolios
  • Communicate key findings to senior management and act as the chair for in-business risk forums as appropriate.
Developmental Value:
  • The team is new giving opportunity to expand the role as the function grows.
  • Learn about risk management and Financing products more broadly.
  • Influence the strategic direction of the Bank from a risk management perspective.
  • Build solid market/credit Risk experience as we use cutting-edge risk models and techniques.
Required Knowledge and Experience:
  • Experience in analyzing and managing Counterparty credit risk is a requirement, preferably at major financial institutions
  • Relevant product knowledge across multiples asset classes including rates, equities, credit and commodities
Skills:
  • Strong analytical skills with good attention to detail and a demonstrated aptitude for tackling analytical issues
  • Risk management of financial products such as derivatives and financing transactions. Ideally the candidate will have a good grasp of financial risk calculations (VaR, Stress Testing)
  • Ability to work well with cross-functional teams from Business, Credit, Operations and Compliance
  • Strong written and verbal communication skills
  • Sound risk and business judgment
  • Programming skills in Python, R or other statistical languages is a plus, but not mandarory
Education:
  • Bachelor's/Master's degree in mathematics, science, finance/economics or a related field
  • An MBA, CPA, or CFA preferred and formal Credit Training is a plus
Competencies:
  • Good communicator.
  • Entrepreneurial.
  • Strong analytical skills.
  • Strong problem solving abilities
  • Excellent written and oral communication skills
  • Ability to work independently as well as in a team environment.
  • Role is evaluated depending on the candidate's skillset and qualifications and can be AVP/VP.
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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.

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