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For Companies At a Glance
- Tasks: Lead quality assurance reviews and ensure compliance in credit risk management.
- Company: Citi is a global leader in financial services, committed to innovation and excellence.
- Benefits: Enjoy competitive pay, flexible working options, and a vibrant workplace culture.
- Why this job: Join a dynamic team focused on enhancing risk management and making a real impact.
- Qualifications: Experience in credit risk management or quality assurance is essential; strong analytical skills required.
- Other info: Citi values diversity and offers equal opportunities for all applicants.
The predicted salary is between 43200 - 72000 £ per year.
Individuals in Quality Assurance are responsible for the assessment of outcomes from activities and processes against conformance with applicable requirements to strengthen risk management quality such as quality testing performed for business function quality control and transformation lead quality control post completion of an activity/process. This includes the development and execution of Monitoring and Testing for controls, such as control design assessment, design of operational effectiveness for monitoring & testing tools, monitoring/testing design assessment, and execution of monitoring/testing tools to assess the effectiveness of key controls designed to address defined risks.
Responsibilities:
- Responsible for specialised Quality Assurance Reviews with focus on Counterparty Credit Risk / Financial Institutions Underwriting.
- Responsible for the quality, completeness, and accuracy of the implementation of the Control Framework, including Risk Control Policy, Control Standard, Issue Management.
- Lead the assessment of activities and processes as per required Policies, Standards and Procedures to strengthen credit risk management quality.
- Conduct routine testing of internal activities and processes to ensure adherence to established quality standards and identify areas of risk or non-compliance.
- Review stakeholder/client feedback and respond to any quality assurance complaints or issues in a timely and efficient manner.
- Integrate stakeholder/client feedback and respond to any quality assurance complaints or issues in a timely and efficient manner.
- Develop and execute Monitoring and Testing for controls, including control design assessment and design of operational effectiveness for monitoring & testing tools, monitoring/testing design assessment, and execution of monitoring/testing tool.
- Regularly report on quality control outcomes and control effectiveness to top management and relevant stakeholders.
- 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 behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of teams and create accountability with those who fail to maintain these standards.
Qualifications:
- Solid understanding of risk management and control frameworks related to Counterparty Credit Risk Management and Underwriting.
- Preferable skills requirement for the candidate is credit underwriting experience within the financial institutions / funds / hedge funds area.
- Demonstratable control related function / quality assurance experience, in banking, credit risk management, internal audit, or quality assurance review function at an investment or large commercial bank.
- Ability to identify, measure, and manage key risks and controls.
- Ability to see the big pictures with high attention to critical details.
- Deep knowledge of Wholesale Credit Processes and organizational awareness, covered portfolios, and processes.
- Proficient knowledge of regulatory guidance specific to quality assurance and monitoring/testing lifecycle.
- Developing new ideas and improving current processes to proactively mitigate risks.
- Requires an ability to provide challenge and make recommendation for risk and controls remediation.
- Expert knowledge in the development and execution for controls.
- Expert understanding of compliance with laws, rules, regulations, and best practices.
- Strong leadership, decision-making, and problem-solving skills.
- Strong analytical skills to evaluate complex risk and control activities and processes.
- Ability to deliver compelling presentations and influence executive audiences.
- Strong sense of accountability and ownership, with strong results orientation.
- Excellent communication skills; ability to engage and inspire across stakeholder groups.
- Exceptional command in Microsoft Office suite, particularly Excel, PowerPoint, and Word.
Contact Detail:
Citi Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Risk Manager - Citi
✨Tip Number 1
Familiarise yourself with the specific risk management and control frameworks related to Counterparty Credit Risk Management. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the banking and credit risk management sectors. Engaging with industry experts can provide insights into the role and may even lead to referrals, increasing your chances of landing the job.
✨Tip Number 3
Stay updated on regulatory guidance specific to quality assurance and monitoring/testing lifecycle. This knowledge will be crucial during discussions and can set you apart as a well-informed candidate.
✨Tip Number 4
Prepare to showcase your analytical skills by discussing past experiences where you evaluated complex risk and control activities. Be ready to present compelling examples that highlight your problem-solving abilities and leadership qualities.
We think you need these skills to ace Credit Risk Manager - Citi
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Credit Risk Manager position at Citi. Tailor your application to highlight relevant experience in quality assurance and credit risk management.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in credit underwriting, risk management, and quality assurance. Use specific examples that demonstrate your ability to assess risks and implement control frameworks effectively.
Showcase Analytical Skills: Citi values strong analytical skills. Include instances where you've evaluated complex risk and control activities. Mention any tools or methodologies you used to achieve successful outcomes in previous roles.
Craft a Compelling Cover Letter: Your cover letter should not only reiterate your CV but also convey your passion for the role and the company. Discuss how your values align with Citi's commitment to compliance and ethical standards, and express your eagerness to contribute to their team.
How to prepare for a job interview at Citi
✨Understand the Control Framework
Make sure you have a solid grasp of the Control Framework related to Counterparty Credit Risk Management. Be prepared to discuss how you would ensure compliance with policies and standards during your interview.
✨Showcase Your Analytical Skills
Highlight your ability to evaluate complex risk and control activities. Prepare examples from your past experience where you successfully identified risks and implemented effective controls.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think about situations where you had to respond to quality assurance complaints or issues, and be ready to explain your approach.
✨Demonstrate Leadership and Communication Skills
Since the role requires strong leadership and the ability to influence executive audiences, prepare to discuss your experiences leading teams and how you effectively communicate across different stakeholder groups.
