Jobs

    Senior Vice President, Counterparty Credit Risk - Singapore - Citi

    Citi
    Citi Singapore

    2 days ago

    Default job background
    Full time
    Description
    Whether you're at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you'll have the opportunity to expand your skills and make a difference at one of the world's most global banks. We're fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You'll also have the chance to give back and make a positive impact where we live and work through volunteerism.

    Shape your Career with Citi

    Citi's Risk Management organization oversees risk-taking activities and assesses risks and issues independently of the front line units. We establish and maintain the enterprise risk management framework that ensures the ability to consistently identify, measure, monitor, control and report material aggregate risks.

    We're currently looking for a high caliber professional to join our team as Senior Vice President, Counterparty Credit Risk (CCR) & Wholesale Credit Remediation Projects, Financial Institutions and Counterparty Credit Risk (FICC) - Hybrid (Internal Job Title: Credit Portfolio Senior Officer I - C14) based in Changi Business Park, Singapore. Being part of our team means that we'll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
    • We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That's why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
    • We empower our employees to manage their financial well-being and help them plan for the future.
    • We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
    Job Background:
    Counterparty Credit Risk is one of the largest and most dynamic portfolios within Citigroup. It spans all the capital markets products across all counterparties including Financial Institutions, Corporates, Public Sector, Central Counterparties, Commercial Bank and Private Bank clients and is part of 2nd Line of Defense independent risk function Financial Institutions and Counterparty Credit Risk (FICC) team under Banking and International Risk.

    Reporting to: Director, Asia Pacific (APAC) Head of Counterparty Credit Risk (CCR) & Wholesale Credit Remediation Projects, FICC

    Job Purpose:

    Under the guidance of APAC Head of Counterparty Credit Risk, design and implement the strategy and governance framework for Counterparty Credit Risk across Citi APAC. CCR function includes portfolio management of CCR exposures across all Credit portfolios, oversight on CCR frameworks, pre-trade advisory on complex derivatives and addressing any remediation plans with the goal of bringing consistent thought process and actions to the CCR management in the region .

    In this role, you're expected to:
    • Help implement and operate the 2nd Line Counterparty Credit Risk and controls framework for Citi APAC. Direct the execution strategy for Pre-Settlement Exposure (PSE), Net Stress Exposure (NSE) and various CCR measurements standards across Citi APAC businesses in partnership with Credit Officers, Risk Analytics and Technology and key stakeholders in 1st Line of Defense including Banking, Markets and Institutional Credit Management
    • Design and enhance new and existing frameworks, related standards, and procedures for CCR risk management. Partner with a wide range of stakeholders including Global CCR, Risk, Analytics and Technology and Business
    • Ensure CCR frameworks, practices and policies applied to all market products, including all Over-The-Counter (OTC) Derivatives across Equity, Foreign Exchange (FX), Fixed Income, Commodities, Credit derivatives; Prime Brokerage, Futures and OTC Clearing, Securities Financing Transactions and Cash trading across all Credit portfolios
    • Actively monitor CCR portfolio across business, risk stripes and legal vehicles on the quantum, trend, composition, and work in conjunction with Credit officers and Business partners to ensure CCR exposures remain within risk appetite.
    • Focus on early warning and proactive problem recognition based on markets indicators and portfolio concentrations and timely escalate issues to senior management for any action or resolution
    • Help 2nd line of defense Credit officers in pre-trade review, challenge, and what-if analysis for new complex derivatives activity with application of CCR frameworks for effective and efficient risk on-boarding
    • Support Head of APAC CCR for CCR risk management council and sub-councils on various CCR frameworks related to PSE, Stress Testing etc. Prepare and present communications to senior management and forums on new initiatives
    • Support APAC CCR head in regulatory interactions on the CCR portfolio. Manage increasing demands of regulatory oversight on CCR including ensuring timely and accurate inputs to regulators
    • Oversee tracking and timely completion of any action plans related to any regulatory, internal audit or self-identified CCR issues in APAC and the remediation associated with CCR issues
    • 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 behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
    As a successful candidate, you'd ideally have the following skills and exposure:

    Knowledge/Experience:
    • Candidates should have a minimum of 10+ years of experience in a large Financial Institution in Counterparty Credit Risk
    • Strong understanding of Counterparty Credit Risk including Exposure and Initial Margin models, Stress testing, Wrong-Way Risk, Clearing and Settlement Risk
    • Strong knowledge of Markets businesses and products across OTC, Prime Brokerage, Clearing and Security Financing /Repo and across range of assets classes and lines of business
    • Strong technical expertise of complex derivative structures and understanding of associated first order/second order risks
    • Knowledge of Credit documentation and various Credit master agreements, legal terms related to netting/collateral/margin mechanics
    • Broad understanding of current market and regulatory environment as applicable to Counterparty Credit Risk
    Skills/Competencies:
    • Excellent organizational and communication skills (written and verbal)
    • Superior analytical and quantitative skills and be able to quickly distil transactions/business propositions to key risks
    • Strong project and process management skills and the ability to work collaboratively with a wide group of cross-functional stakeholders across levels
    • Demonstrated ab ility to lead meetings/calls, to listen to other points of view, provide appropriate challenge , influence partners and to take decisions with a clear rationale
    • Regularly communicates and ensures key messages are cascaded throughout the broader teams
    • Demonstrates integrity and sound independent risk judgment and operates to the highest ethical standard, acts as a role model to others
    • Ability to work comfortably in a matrix environment
    • Self-starter, motivated, aspirational
    Qualifications:
    • Educated to quantitative/finance master's degree standard or equivalent
    • Exceptional candidates who do not meet these criteria may be considered for the role , provided they have the necessary experience and skills .
    Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact.

    Take the next step in your career, apply for this role at Citi today

    This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required


    Job Family Group:
    Risk Management


    Job Family:
    Credit & Portfolio Risk Management


    Time Type:
    Full time


    Citi is an equal opportunity and affirmative action employer.

    Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

    Citigroup Inc. and its subsidiaries ("Citi) invite all qualified interested applicants to apply for career opportunities. 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 the " EEO is the Law " poster. View the EEO is the Law Supplement .

    View the EEO Policy Statement .

    View the Pay Transparency Posting
  • AGRICULTURAL BANK OF CHINA LIMITED

    Credit Risk

    2 days ago

    AGRICULTURAL BANK OF CHINA LIMITED Singapore

    1. Liaise with Branch's front-office and back-office departments in processing of credit and trade transactions. · 2. Responsible for credit and trade transactions' limit set-up in the banking system and limit adjustments · 3. Evaluate corporate credit risk relating to credit ter ...

  • TRUST RECRUIT PTE. LTD.

    Credit Risk

    4 days ago

    TRUST RECRUIT PTE. LTD. Singapore

    **5 days work week / permanent role / Central** · **Good Opportunity and Progression** · **Minimum of 3 years experience in credit risk. · **Our Client is one of the biggest wholesale banks. · - Liaise with Branch's front-office and bank-office departments in processing of credit ...

  • PARADIGM RECRUITMENT PTE. LTD.

    Credit Risk

    20 hours ago

    PARADIGM RECRUITMENT PTE. LTD. Singapore

    **OUR CLIENT** · - International Bank · **HIGHLIGHTS** · - Excellent remuneration and perks · - Hybrid work arrangement · - Good visibility with senior management for progression · **LOCATION** · - Central · **RESPONSIBILITIES**: · - Analyse financial statements and data to evalu ...

  • Page Personnel

    Credit Risk

    1 week ago

    Page Personnel Singapore

    3-6 months contract with opportunity to convert · - Excellent opportunity to join a multinational bank · **About Our Client**: · The client provides a wide array of banking services on a global scale. Its offerings encompass savings, lending, mortgages, and investment products. T ...

  • ACCEO PTE. LTD.

    Credit Risk

    2 days ago

    ACCEO PTE. LTD. Singapore

    **Responsibilities**: · - Establish and enhance the company's business procedures and risk management system. · - A due diligence examination of loan operations conducted on-site. · - In charge of business follow-up inspections. · - In charge of overseeing the Company's debt coll ...

  • CREDIT INDUSTRIEL ET COMMERCIAL

    Credit Risk Analyst

    2 days ago

    CREDIT INDUSTRIEL ET COMMERCIAL Singapore

    **JOB ROLE DESCRIPTION - SUMMARY** · The Credit Risk Analyst may be required to be contactable after office hours. He has strong exposure to and understanding of credit analysis methodologies and credit risk management regulations. He is able to work independently with minimum su ...

  • Kerry Consulting

    Head of Credit Risk

    4 days ago

    Kerry Consulting Singapore

    **Description**: · - Large and established energy trading firm · - Stable leadership team · years credit risk experience in energy trading · **Description** · This is a Group best described as well-integrated, with global business presence along with a large and established asset ...

  • Kerry Consulting

    Credit Risk Manager

    4 days ago

    Kerry Consulting Singapore

    **Description**: · years' credit risk experience in commodities or banks · - Physical and Derivatives LNG Optimization and Trading · - Quantitative credit risk a plus · This is a leading Gas & Power Trading player in the region, with LNG as one of their key commodities. There is ...

  • The Edge Partnership

    Credit Risk Analyst

    2 days ago

    The Edge Partnership Singapore

    Some of the key responsibilities will include: · - Responsible for the oversight of the Branch's credit portfolio to ensure robust credit risk · - management practices in safeguarding the credit quality of the loan portfolio. · - Review and analyse deal proposals, look through cr ...

  • EA RECRUITMENT PTE. LTD.

    Credit Risk Manager

    4 days ago

    EA RECRUITMENT PTE. LTD. Singapore

    **- Company located at Chinatown** · **- Walking distance from Chinatown MRT** · **- Working hours: Monday - Friday (9:30am - 6.30pm)** · **- Well Established Wealth Management Company** · **- Variable Bonus + Excellent Welfare & Benefits · **Job Scope · - Evaluate the potential ...

  • DCS CARD CENTRE PTE. LTD.

    Credit Risk Analyst

    1 week ago

    DCS CARD CENTRE PTE. LTD. Singapore

    DCS Card Centre is an innovative and forward-looking payments fintech that provides value-added card services with the most advanced technology to our customers and partners. · We offer attractive remuneration packages and reward schemes, and invite the talents to join our big fa ...

  • Trust Bank

    Credit Risk Analyst

    1 week ago

    Trust Bank Singapore

    Trust is the first of a new breed of banks in Singapore - digitally native and focused on delivering a delightful customer experience. You will work in a fast-paced and collaborative environment to solve new and interesting challenges each day. Together with our Trust team, you w ...

  • Direct Search Global

    Credit Risk Analyst

    1 week ago

    Direct Search Global Singapore

    **Job Detail**: · - Job Reference · - T6658 · **Responsibilities**: · - Ability to perform risk assessment on the credit reports and perform predictions for the future risks. · - Submission of reports on credit forms and credit reports for the risk management to the head of depar ...

  • RGF

    Credit Risk Manager

    2 days ago

    RGF Singapore

    **Location**: Singapore · **Salary**: Open · **Industry**: Manufacturing, Engineering & Industrial, Consumer Goods & Retail · **Sub-industry**: Marine, Wholesale/Trading · **Function**: Legal & Compliance, Finance & Accounting · **Job Description**: · **Our Client**: · Our client ...

  • Ethos BeathChapman

    Credit Risk Analyst

    1 week ago

    Ethos BeathChapman Singapore

    **Job Details**: · **Location** · Singapore · **Salary** · Competitive Salary · **Job Type** · Permanent · **Ref** · BH · **Contact** · Weiyun Teo- **Posted** · about 4 hours ago · **The Role**: · My Client is a leading Corporate Bank we are looking for a Credit Risk Analyst to ...

  • UBS

    Credit Risk Officer

    1 week ago

    UBS Singapore

    Singapore · - Risk · - Group Functions · **Job Reference #** · BR · **City** · - Singapore · **Job Type** · - Full Time · **Your role** · - Are you naturally curious and ambitious? Do you have sharp analytic skills? We're looking for someone like that who can: · - evaluate counte ...

  • Ambition

    Credit Risk Manager

    2 days ago

    Ambition Singapore

    Ambition SingaporePosted 2 hours ago Hybrid Permanent Negotiable · - Credit Risk Manager · - Large Corporates · Our client is a reputable foreign bank, looking for a Credit Risk professional to join their Asia team in Singapore. · **Responsibilities**: · - As a senior member in t ...

  • STRIVEX PTE. LTD.

    Credit Risk Analyst

    1 week ago

    STRIVEX PTE. LTD. Singapore

    StriveX is partnering with a regional Bank who is looking for a Credit Risk Analyst to join their Risk department. Reporting to the Head of Risk, you will be responsible for liaising with both front-office and back-office departments in the processing of credit and trade transact ...

  • Bunge

    Intern - Credit Risk

    1 week ago

    Bunge Singapore

    This position will support the credit analysis / approval of counterparties as well as the preparation of credit reports in accordance with the company's credit policies and standard processes. · **Main Accountabilities** · - Coordinate and prepare annual reviews for approval · - ...

  • UBS

    Credit Risk Auditor

    2 days ago

    UBS Singapore

    Singapore · - Audit · - Group Functions · **Job Reference #** · BR · **City** · - Singapore · **Job Type** · - Full Time · **Your role** · - Are you a sharp evaluator of risk? Can you investigate complex solutions? Do you have specific experience leading or conducting credit risk ...