Risk - FIG Strategy Program Director

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in Credit Risk Management of Financial Institutions in Tier 1 institutions, deep understanding of markets, traded products and risk measurement to Citi’s Credit Risk - Financial Institution Group (FIG) team.

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team / Role Overview:

This 2LoD Credit Risk role is responsible for the management of strategy in Credit Risk Management of FIG and oversight of the Credit Monitored Program (CMP) for counterparties that transact in eligible Cash products. This covers a broad assessment of current policies, processes and frameworks utilised for Credit Risk management of FIG clients; benchmarking to regulatory expectations and industry best practice; and design and implementation of any desired changes. This will include the management of a broad range of projects in risk measurement, process enhancements, policy changes, and implementation.

What you’ll do:

• Build working knowledge of existing policies, processes and frameworks utilised for Credit Risk management of FIG clients
• Benchmark these to evolving regulatory expectations and industry best practice
• Propose and design desired uplift, coordinate implementation with stakeholders in the Business, Prod Dev and 1, 2 and 3 LoD and drive to ultimate completion
• Take on overall responsibility for the CMP program’s control environment
• This includes annual and ongoing review and challenge of the CMP Framework including the review of eligible products, and risk profiles of the eligible products and establishing the corresponding product limits, governance, oversight and approval
• Working with the various 2LoD Risk industry groups to establish and reassess CMP client eligibility criteria on an annual basis. Review and challenge client specific industry exceptions to the client eligibility criteria during the new onboarding and annual renewal process
• Work collaboratively with the 1LoD risk team during crisis events for industries and/or specific counterparties events to ensure actions are taken to promptly mitigate risk, including restricting trading.
• Review instances where exceptions warrant the consideration of onboarding existing CMP clients onto credit risk managed limited to address higher, and possibly more riskier profiles
• Attend ongoing governance meetings including weekly portfolio meetings, weekly settlement meetings, and monthly governance forums
• Liaise with internal and external quality assurance groups e.g. fundamental credit review, internal audit, and external examiners to represent the 2LoD Risk management process
• Ensure high degree of oversight and escalation of issues especially with respect to settlement fails
• Collaborate with Technology teams to enhance risk management reporting.

What we’ll need from you:

• Solid experience in Credit Risk Management of Financial Institutions in Tier 1 institutions
• Deep understanding of markets, traded products and risk measurement
• Strong quantitative skills with deep expertise in both market and credit risk
• Practical experience in assessment of fundamental credit quality of financial institutions
• Excellent communication skills and stakeholder management experience in negotiating with and influencing senior internal and external stakeholders
• Good presentation skills – adept at effectively presenting complex risk issues to audiences of various sizes and seniorities
• Ability to work comfortably on multiple different projects, effectively prioritising time
• Solid understanding of financial regulatory frameworks.

What we can offer you:

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
• A discretional annual performance related bonus
• Private medical insurance packages to suit your personal circumstances
• 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 Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. 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 discover the true extent of your capabilities.