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For Companies At a Glance
- Tasks: Join the Underwriting team to manage credit risk and assess client portfolios.
- Company: Citi is a leading global bank, committed to innovation and excellence in financial services.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and development.
- Why this job: Be part of a new team influencing risk management strategies at a major financial institution.
- Qualifications: Experience in credit risk management and a degree in finance or related fields required.
- Other info: Citi values diversity and offers equal opportunities for all applicants.
The predicted salary is between 72000 - 108000 £ per year.
Individual will work as part of the Underwriting team under the global Institutional Credit Management (ICM) group. The position covers the Real Money Funds portfolio and will be reporting to the local Head of Funds Underwriting.
Institutional Credit Management (ICM) is a critical component of Citi's First Line of defence 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. Underwriting is a global team within ICM responsible for measuring, monitoring and controlling counterparty risk. To fulfil this role, a risk professional is required who has experience in credit risk management and market risk management areas, and has got training in finance, mathematics, or other quantitative fields.
Key Responsibilities:
- Approve credit reviews as a first line of defence 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 (Regulated Funds/Leveraged Funds, Pension Funds, Asset Managers).
- 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 front office and clients to analyse 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 participate in 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 analysing and managing Counterparty credit risk is a requirement, preferably at major financial institutions.
- Knowledge of regulated funds, pensions funds and asset management industry and related counterparty credit risk management experience.
- 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, Legal, 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 mandatory.
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.
Senior Vice President - Underwriter at Citi employer: NACBA
Contact Detail:
NACBA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Vice President - Underwriter at Citi
✨Tip Number 1
Familiarise yourself with the latest trends in credit risk management, especially related to regulated funds and asset management. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the industry, particularly those who work in credit risk at major financial institutions. Attend relevant conferences or webinars to make connections and gain insights that could give you an edge in your application.
✨Tip Number 3
Brush up on your analytical skills and be prepared to discuss specific risk management techniques, such as VaR and stress testing. Being able to articulate your understanding of these concepts will show your expertise and readiness for the role.
✨Tip Number 4
Consider obtaining additional certifications like CFA or CPA if you haven't already. These qualifications can enhance your profile and signal to Citi that you are serious about your career in risk management.
We think you need these skills to ace Senior Vice President - Underwriter at Citi
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Senior Vice President - Underwriter position at Citi. Familiarise yourself with the key aspects of credit risk management and the specific skills needed for this role.
Tailor Your CV: Customise your CV to highlight relevant experience in credit risk management, particularly with regulated funds and asset management. Emphasise your analytical skills and any experience with financial products like derivatives and financing transactions.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and how your background aligns with Citi's needs. Mention specific experiences that demonstrate your ability to manage counterparty credit risk and your familiarity with risk analysis and reporting.
Highlight Relevant Skills: In your application, be sure to highlight your strong analytical skills, attention to detail, and ability to work with cross-functional teams. If you have programming skills in Python or R, mention these as they can set you apart from other candidates.
How to prepare for a job interview at NACBA
✨Understand the Role Thoroughly
Before your interview, make sure you have a solid grasp of the responsibilities and expectations for the Senior Vice President - Underwriter position. Familiarise yourself with credit risk management, particularly in relation to regulated funds and asset management, as this will be crucial in demonstrating your expertise.
✨Showcase Your Analytical Skills
Given the emphasis on strong analytical skills in the job description, prepare to discuss specific examples where you've successfully tackled complex analytical issues. Be ready to explain your thought process and the outcomes of your analyses, especially in relation to financial products like derivatives.
✨Prepare for Technical Questions
Expect technical questions related to risk management, such as VaR calculations and stress testing. Brush up on these concepts and be prepared to discuss how you've applied them in previous roles. If you have programming experience in Python or R, be ready to highlight that as well.
✨Demonstrate Strong Communication Skills
As communication is key in this role, practice articulating your thoughts clearly and concisely. Prepare to discuss how you've effectively communicated complex risk assessments to senior management or cross-functional teams in the past, showcasing your ability to convey important information succinctly.
