Description
Financial Institutions and Counterparty Credit ("FICC") within Wholesale Credit Risk (WCR) is responsible for proactively managing Citi's credit exposures across the globe through a coverage model of regional and industry specialists. The portfolio consists of banks, broker/dealers, insurance companies, funds, hedge funds, amongst other counterparty types. Credit-sensitive products and services include loans, derivatives and other capital markets products, trade finance, clearing and settlement, cash, and securities services. We're currently looking for a suitable candidate to join our FICC EMEA Insurance team as SVP(Senior Vice president)/Credit Risk Senior Officer graded C14, based in London, UK. What you'll do: - Assist the EMEA Insurance Portfolio Manager in providing independent second line risk oversight of the regional portfolio including credit portfolio management and stress testing. Escalate emerging trends and specific risks in a diligent and timely manner as necessary. Ensure the covering insurance portfolio remains within the risk appetite of the overall business strategy: - Reviewer and Credit Approver for Episodic Deals as well as Initial, Annual and Interim Credit Reviews within delegated credit authority. - Interface with coverage bankers or markets colleagues to review and challenge credit requests especially for complex, bespoke structured transactions. - Partner with other Risk Units such as ICM (Institutional Credit Management), CGME (Citigroup Global Markets Europe AG) Risk and CEP (Citibank Europe plc) Risk to ensure extensions of credit are in full compliance with all applicable Policies, Standards and Procedures, and target market criteria. - Conduct client calls where required for material multi-product credit relationships. - Interface with Internal Audit, Fundamental Credit Review and other control functions - Actively participate in ongoing portfolio reviews at the Regional as well as Credit Product level. - Additionally, the candidate is expected to oversee Counterpart Credit Risk (CCR) through continued implementation of CCR metrics, exposure controls, and reporting across Potential Future Exposure (PFE), Stress Testing, and Risk Factor Sensitivities. What we'll need from you: - Preferably a Senior Credit Officer (SCO) or close to obtaining this. - Extensive experience in FI (Financial Institution) risk management required, with relevant insurance credit or lending experience with a broad exposure to various banking products - The ability to identify and clearly communicate deterioration in portfolio or credit quality and anticipate potential loss - Proven analytic and negotiation skills - Consistently demonstrates clear and concise written and verbal communication - Bachelor's/University degree, Master's degree preferred What we can offer you: This is a role that'll offer you the opportunity to build an in-depth knowledge of financial services operations. Every day there will be new business challenges that will help you to develop new skills that can drive your career. By Joining Citi, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days per working at home per week), but also receive a competitive base salary, which is annually reviewed, paid annual leave and enjoy a whole host of additional benefits such as: - A discretional annual performance bonus - Private Medical Care & Life insurance - Employee Assistance Program - Pension Plan - Paid Parental Leave - Special Discounts for employees, family and friends - Access to an array of learning and development resources Alongside these benefits is Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self-every day. Citi is truly committed to fostering culture of inclusion where we champion success, regardless or race, ethnicity, or any other factor of diversity. We want the best talent around the world to be energized to join us, motivated to stay and empowered to thrive. Sounds like Citi has everything you need? Then apply to join the world leading global bank and discover the true extent of your capabilities. At Citi, you'll have the opportunity to grow your career in different geographic locations, give back to your community and make a real impact. Job Family Group: Risk Management Job Family: Credit Decisions 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 (https://www.citigroup.com/citi/accessibility/application-accessibility.htm) . View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\EEO\Supplement\Final\JRF\QA\508c.pdf) . View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\aa\policy.pdf) . View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\%20English\formattedESQA508c.pdf) Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.