Enterprise Concentration Risk Manager – Wholesale Credit Risk, Senior Vice President

Citigroup

  • Mississauga, ON
  • Permanent
  • Full-time
  • 12 days ago
Individuals in the Enterprise Risk Management are entrusted with managing the diverse and collective impact of the bank's risks. This involves identifying and managing enterprise-level and cross-cutting risks, designing scenarios for stress tests, managing climate risk, and safeguarding against reputational risk. This role is integral to the overarching objectives of the bank, as it ensures the bank's operations are within defined risk appetite and helps maintain financial stability. The role provides a comprehensive view of risk management, enabling the bank to anticipate, assess, and mitigate potential risks, crucial for the bank's sustained growth and success.Enterprise Concentration Risk Management (ECRM) is part of the overall Enterprise Risk Management (ERM) Organization and covers function that encompasses credit risk, market risk, liquidity risk and operational risk.The SVP Enterprise Concentration Risk Management - Identification and Monitoring is focused on supporting and enhancing the concentration risk framework at Citi for Wholesale Credit Risk. The individual will be responsible for providing concentration related subject matter expertise in concentration risk management to relevant stakeholders within the Wholesale Credit Risk area. The role encompasses:
  • reviewing and challenging concentration risk identification framework (including any metrics) in coordination with risk and business management
  • monitoring existing and emerging concentration risks to develop relevant concentration risk driven narrative for Senior Management (monthly) and to the Citi/CBNA Board (quarterly) reports
As the SVP Enterprise Concentration Risk Management, you will play a critical role in identifying, assessing, and mitigating risks across Citi. You’ll collaborate with senior leadership across 1LoD and 2LoD in Wholesale Credit Risk area to ensure effective risk management practices. If you have a strong background in Wholesale Credit Risk, particularly within portfolio management and credit approval, and can communicate complex risk concepts persuasively, we’d love to hear from you!Responsibilities:
  • Risk Assessment and Identification - Conduct comprehensive risk assessments, considering both internal and external factors to identify material / emerging concentration risks, evaluate their potential impact, and recommend appropriate risk mitigation strategies
  • Risk Analysis and Communication - Prepare clear, concise, and compelling concentration risk analysis within the Wholesale Credit Risk to be shared with senior management and the Board
Articulate complex risk issues in a way that resonates with diverse audiences. * Risk Monitoring and Measurement - Lead robust review and challenge sessions with key stakeholders across Wholesale Credit Riskto enhance concentration related key risk indicators (KRIs) and monitor their exposure
  • Credit Approval - Lead review and challenge of transaction approvals with a focus on concentration risk implications
  • Regulatory Compliance - Prior experience of with implementation of frameworks related to OCC's Heightened Standard is extremely desirable. Knowledge of regulatory requirements around management of Concentration Risks at large banks is required
  • Prepare high-quality materials for senior management, board-level committees, audits, and regulatory communication, while ensuring the accuracy and relevance of the information presented.
  • Adherence to Policy and Procedures - Ensure all monitoring and reporting procedures align with ECRM risk policies and work effectively with individual business risk policies as they pertain to ECRM
Qualifications:
  • 10+ years of experience
  • Familiarity with Portfolio Management within Wholesale Credit Risk. Experience in transaction approval highly preferred
  • Comprehensive understanding of risk management principles and practices, particularly in relation to risk appetite frameworks.
  • Demonstrated ability to plan, oversee, and execute complex programs involving a wide range of stakeholders.
  • Experience in leading the execution of risk management or transformation programs.
  • Familiarity with coordinating day-to-day program activities and managing working groups and stakeholder meetings.
  • Proficiency in preparing high-quality materials for senior management, board-level committees, audits, and regulatory communication.
  • Experience in partnering with internal teams to deliver program requirements and manage issue resolution.
  • Proven capability to escalate program risks as appropriate.
  • Experience in supporting regulatory and audit reviews at various levels.
  • Strong leadership and management skills to drive transformation efforts and lead complex programs.
  • Excellent analytical skills to assess and manage risks associated with the Concentration, risk appetite and Limits frameworks.
  • Superior communication and collaboration skills for working with a wide range of stakeholders and conveying information effectively to senior management and board-level committees.
  • Proficiency in planning, organizing, and coordinating program activities and stakeholder meetings.
  • Detail-oriented with the ability to prepare high-quality materials for audits and regulatory communication.
  • Strong critical thinking skills to manage issue resolution and corrective actions.
  • Ability to escalate program risks appropriately after careful review and assessment.
  • Proficiency in using relevant software and tools for risk management.
  • Strong decision-making skills, incorporating risk considerations and the firm's expectations.
  • Ability to work under pressure, with excellent time management skills to ensure on-time delivery of program requirements.
  • High ethical standards and professionalism, with the ability to support regulatory and audit reviews.
Education:Bachelor's/University degree, Master's degree preferredJob Family Group: Risk ManagementJob Family: Enterprise RiskTime Type: Full timeMost Relevant Skills Analytical Thinking, Business Acumen, Credible Challenge, Governance, Issue Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Stakeholder Management.Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.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 .View Citi’s and the poster.

Citigroup