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For Companies At a Glance
- Tasks: Join our Underwriting team to manage credit risk and analyze portfolios.
- Company: Citi is a leading global bank with a focus on risk management.
- Benefits: Opportunity for growth, cutting-edge risk models, and influence strategic direction.
- Why this job: Be part of a new team and expand your role in a dynamic environment.
- Qualifications: Experience in counterparty credit risk and a degree in finance or related fields.
- Other info: Programming skills in Python or R are a plus but not mandatory.
The predicted salary is between 72000 - 108000 £ per year.
Job Purpose:
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.
Job Background/Context:
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.
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Senior Vice President - Underwriter at Citi employer: Citi
Contact Detail:
Citi Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Vice President - Underwriter at Citi
✨Tip Number 1
Familiarize yourself with the specific credit risk management practices at Citi. Understanding their approach to counterparty risk and how they align with regulatory goals will give you an edge in discussions during the interview.
✨Tip Number 2
Network with current or former employees in the Institutional Credit Management group. They can provide insights into the team dynamics and expectations, which can help you tailor your conversations during the interview process.
✨Tip Number 3
Brush up on your knowledge of financial products, especially derivatives and financing transactions. Being able to discuss these topics confidently will demonstrate your expertise and readiness for the role.
✨Tip Number 4
Prepare to showcase your analytical skills through real-world examples. Be ready to discuss how you've tackled complex risk assessments in the past, as this will highlight your problem-solving abilities and fit for the position.
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. Familiarize yourself with the key aspects of credit risk management and the specific needs of the Institutional Credit Management group.
Tailor Your CV: Customize your CV to highlight relevant experience in credit risk management, particularly with regulated funds and asset management. Emphasize 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 emphasize your strong analytical skills, attention to detail, and ability to work collaboratively with cross-functional teams. If you have programming skills in Python or R, mention them as they can be a valuable asset for this role.
How to prepare for a job interview at Citi
✨Showcase Your Analytical Skills
As a Senior Vice President - Underwriter, strong analytical skills are crucial. Be prepared to discuss specific examples of how you've tackled complex analytical issues in your previous roles, especially related to credit risk management.
✨Demonstrate Knowledge of Financial Products
Make sure to highlight your experience with various financial products, particularly derivatives and financing transactions. Discuss your understanding of different asset classes and how they relate to counterparty credit risk.
✨Communicate Effectively
Strong written and verbal communication skills are essential for this role. Practice articulating your thoughts clearly and concisely, especially when discussing risk assessments and portfolio analyses.
✨Prepare for Cross-Functional Collaboration
This position requires working with various teams, including Business, Credit, Legal, and Compliance. Be ready to share examples of how you've successfully collaborated across departments to achieve common goals.
