At a Glance
- Tasks: Lead global credit risk management, ensuring effective processes and controls while enhancing client experience.
- Company: Citi is a leading global bank, committed to providing financial services and solutions worldwide.
- Benefits: Enjoy competitive pay, opportunities for remote work, and a dynamic corporate culture.
- Why this job: Join a diverse team, drive impactful projects, and shape the future of credit risk management.
- Qualifications: 15+ years in banking or credit risk management, with strong leadership and project management skills.
- Other info: Citi values diversity and offers equal opportunities for all applicants.
The predicted salary is between 72000 - 108000 £ per year.
Global Head of Credit Risk Management Services Global Head of Credit Risk Management Services
Citi London, United Kingdom Apply now Posted 17 days ago Permanent Competitive Global Head of Credit Risk Management Services
ICM Global Credit Risk Management Services (CRMS) supports the credit production process by capturing and maintaining credit facility data for WLCR and CCR products globally. CRMS coordinates the alignment of policies, processes, controls, data, reporting and governance across wholesale lending capabilities. Credit facility setup and maintenance
Excess approval management
Regulatory reporting
Responsible for the design, implementation and execution of processes to manage credit risks while ensuring a sound control environment at all times along with excellent client experience.
Provide Leadership and Strategic Direction for CRMS globally including direct management of 300+ people.
Maintain close interaction and co-ordination with ICM, Banking, International, Citi Commercial Bank (CCB), Treasury and Trade Solutions (TTS), Risk Management, Operations, Legal and Finance
Maintain frequent and high level of interaction with senior management across all lines of defense including Product, Coverage and Functional lines in additional to various Local Regulatory Authorities
Cover diverse portfolio including Global and Top Tier Local Corporates, Commercial, Financial Institutions, Central Banks and Public Sector client segments.
Institute and ensure effectiveness of controls and processes meet all internal policies and regulatory requirements/expectations.
Lead projects and provide valuable input with various working groups created to enhance processes, controls, performance and efficiency supporting the strategic direction of ICM, Client and Citi.
Act as CRMS point of contact Globally; effectively represent at a senior level including global business forums.
Partner with global leadership in defining and executing CRMS target operating model in conjunction with many of the wholesale credit programs.
Effective control and management of the Global function.
Identification, development, and implementation of CRMS initiatives that increase efficiency, strengthen controls, data quality and positively improve the overall client experience.
Act as the key contact and take accountability for internal and external audits.
Lead projects and provide valuable input with various working groups created to enhance processes, controls, performance and efficiency
Partner with Product Management to reduce risk, automate and streamline through technological capabilities.
Represent global initiatives to standardize or refine the global credit process. Reassess processes, propose and contribute to implementation of enhanced and streamlined standard processes. Contribute to implementation of Institutional Credit Management global and regional strategic plans
Management of operational risk and controls by tracking and monitoring key performance indicators, regular and robust Manager Control Assessments (MCA), and use of continuous process improvement techniques to identify areas of weakness and implementing corrective actions as appropriate.
Building and maintaining a robust control environment across all areas of responsibility and elimination of manual touch points.
An experienced, capable and influential manager who can deliver high quality service in a very demanding, constantly changing and frequently ambiguous environment.
Risk based thinking and analytical mind set; Significant operational experience in credit risk management or related areas.
Demonstrated knowledge of best practices and trends in credit risk management in addition to understanding the local regulatory environments.
Experience in applying strong project management discipline, governance & controls as well as change management programs and initiatives.
Product development and program management leadership preferably within the business.
Bachelor\’s / University degree. Master\’s degree and managerial experience a distinct advantage
Demonstrate a consistent track record having worked as a Program or Project Manager, Transformation Lead, PMO or hands on credit and risk management experience
At least 15 years\’ experience in Product Development, Banking or Credit Risk Management, including 10+ years of managerial experience.
In depth understanding of global and local trends in Financial reporting and standards including regulatory reporting.
Ability to achieve results through influence of stakeholders and clients and the leadership of and participation in virtual teams.
Operations – Transaction Services ——————————————————
Transaction Capture Services ——————————————————
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
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 .
View Citi\’s EEO Policy Statement and the Know Your Rights poster.
Head of Risk & Governance Services employer: Citi
Contact Detail:
Citi Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Risk & Governance Services
✨Tip Number 1
Network with professionals in the credit risk management field. Attend industry conferences or webinars where you can meet potential colleagues and leaders from Citi. Building these connections can give you insights into the company culture and the specific challenges they face.
✨Tip Number 2
Stay updated on the latest trends and regulations in credit risk management. Familiarise yourself with recent changes in financial reporting standards and regulatory requirements, as this knowledge will be crucial during interviews and discussions with senior management.
✨Tip Number 3
Prepare to discuss your leadership style and experience managing large teams. Given the role's requirement to lead over 300 people, think of examples that showcase your ability to inspire and manage diverse teams effectively.
✨Tip Number 4
Demonstrate your project management skills by preparing case studies of past projects you've led. Highlight how you implemented change management initiatives and improved processes, as this aligns closely with the responsibilities of the Head of Risk & Governance Services.
We think you need these skills to ace Head of Risk & Governance Services
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit risk management and governance. Focus on your leadership roles, project management skills, and any specific achievements that align with the responsibilities outlined in the job description.
Craft a Compelling Cover Letter: Your cover letter should reflect your understanding of the role and the company. Discuss how your background and skills make you a perfect fit for leading CRMS globally, and mention any specific projects or initiatives you've led that demonstrate your capability.
Highlight Relevant Experience: In your application, emphasise your experience in managing large teams and your familiarity with regulatory environments. Mention any successful strategies you've implemented in previous roles that improved efficiency or client experience.
Showcase Your Analytical Skills: Given the analytical mindset required for this role, include examples of how you've used data to drive decision-making or improve processes in credit risk management. This will demonstrate your ability to think critically and strategically.
How to prepare for a job interview at Citi
✨Showcase Your Leadership Skills
As the role involves managing over 300 people, it's crucial to demonstrate your leadership experience. Prepare examples of how you've successfully led teams, managed conflicts, and driven strategic initiatives in previous roles.
✨Understand Regulatory Environments
Given the importance of compliance in credit risk management, make sure you are well-versed in local and global regulatory requirements. Be ready to discuss how you've navigated these regulations in past positions and how you plan to ensure adherence in this role.
✨Highlight Your Analytical Mindset
The job requires a strong analytical approach to risk management. Prepare to discuss specific instances where your analytical skills have led to improved processes or risk mitigation strategies. Use data and metrics to back up your claims.
✨Demonstrate Project Management Expertise
With a focus on project management and transformation, be prepared to share your experiences leading projects. Discuss methodologies you've used, challenges faced, and how you ensured successful outcomes, particularly in high-pressure environments.