ICM Agency Lending Disclosures (ALD) Counterparty Credit Risk AVP/VP

Singapore, Singapore
20 May 2023
19 Jun 2023
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
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Job Purpose
Individual will be part of the Counterparty Exposure team (CPE), within the global Institutional Credit Management group (ICM). Main responsibilities include measuring, monitoring and controlling counterparty risk for institutional clients participating to the Agency Lending activity (ALD).

Job Background/Context
ICM/CPE is a critical component of Citi's First Line of defense 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, 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. ALD is a critical activity of Citi' Securities business, supporting the daily liquidity and inventory needs (hedging and funding equities and fixed income requirements across the firm). The role involves daily interaction with Agent Lenders, Citi's securities businesses as well as the independent risk organization.

Key Responsibilities:
• Maintain and manage credit exposures to ALD principal lenders
• Approve credit reviews as a first line of defense approver (Credit Officer CO designation) including assessment of portfolio risk, liquidity of client positions, credit limits and risk appetite ratios
• Advise and approve large transactions or deals that require individual risk assessment
• Work with Risk colleagues and business stakeholders on risk mitigation and exceptions at both inception of transactions and on an ongoing basis
• Partner with businesses and quantitative teams on risk measurement enhancements, margin model development, new product approvals and real-time monitoring and controls
• Analyze and monitor client portfolios to ensure that risks are controlled - primarily credit risk arising from market sensitive exposure and liquidity risk
• Perform daily and weekly risk analysis and reporting on existing client portfolios as well as customized risk analysis on new client portfolios
• Conduct periodic review of the control environment, vetting of new systems, processes, policies and procedures associated and related to market and/or credit risk and ensuring they are in sync with market practices
• Develop and utilize risk management tools for the measurement, monitoring and management of exposure and participate in project management of strategic risk infrastructure development
Developmental Value:
• Risk management role in the First Line of Defense, with plenty of opportunities to work with front office and independent risk partners as well as to interact with clients
• The team is new giving opportunity to expand the role as the function grows
• Learn about risk management and financing products broadly as mandate covers wide variety of markets products
• 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:
• Relevant credit underwriting experience covering Asset Managers, Funds, Hedge Funds, and/or Financial Institutions counterparties
• Experience with managing credit risk OR training in finance, mathematics, risk management or quantitative fields
• Preferred 5-7 years credit risk experience at a major financial institution

• Credit review and analysis techniques, ability to proactively identify and remediate risk issues
• Strong understanding of portfolio risk and its impacts on counterparty credit risk, across multiples asset classes including rates, equities, credit and commodities
• Stress testing techniques, instrument modelling skills desirable
• Ability to think from first principle and challenge assumptions
• Strong Excel skills ideally incorporating VBA (Visual Basic for Applications), programming skills in Python, R or other statistical languages is a plus

• Bachelor's/Master's degree in mathematics, science, finance/economics, risk management or a related field required
• An MBA, CPA, or CFA preferred and formal Credit Training is a plus

• Strong analytical skills
• Strong problem solving abilities
• Sound risk and business judgment
• Excellent written and oral communication skills
• Ability to work well with cross-functional teams from Business, Credit, Operations and Compliance
• Ability to work independently as well as in a team environment

Job Family Group:
Risk Management

Job Family:
Business Risk & Controls

Time Type:
Full time

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