GI&RC Portfolio Risk Associate, AVP GI&RC Portfolio Risk Associate, AVP …

Citi
in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Last application, 29 Jul 20
Competitive
Citi
in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Last application, 29 Jul 20
Competitive
Citi
GI&RC Portfolio Risk Associate, AVP
Credit Analysis and Approvals
  • Candidate will need to become familiar with ICG Risk Policies and HKMA supervisory guidelines.
  • Support Country Risk Manager (CRM) in various portfolio management activities including ongoing monitoring of tripwires/triggers/covenants, stress tests (periodic and adhoc/thematic), portfolio level risk reporting and monitoring, and data integrity checks etc.
  • Review Credit Memos - Annual Reviews, EUDDs  
  • Interface with Banking, Product, and Risk counterparts on credit approval and execution of transactions. 
  • Participate in management of distressed credits and documentation reviews
  • Work with the CRM to maintain and update the Guidelines for Approved Elsewhere Process for Hong Kong including the recently approved streamlined Annual Review Process for names meeting certain metrics/thresholds agreed with HKMA.
Portfolio Management & Reporting
  • Prepare semi-annual portfolio review of Regional Credit including portfolio report, economic overview, and classification heat-map.
  •  Manage stress testing including HK Regional Credit input for annual CCAR/ICG Corporates Global Stress Tests as well as ad hoc/thematic stress tests
  • Investigate portfolio movements and data quality issues; as required provide clarification or remediate issues
  • Prepare cost of credit forecasts
Regulatory:
  • Ensure that Hong Kong Regional Credit activities are compliant with ICG Risk Policies and applicable US/HKMA regulations. Identify potential issues/gaps, implement remedial actions if required and drive to completion
  • Drive implementation of new regulatory and industry requirements as they arise
  • Coordinate with FIN and FRI on regulatory reporting for CBNA HK.  Work with FRI on any new regulatory reporting requirements.
Franchise/Legal Vehicle Governance
  • Legal Vehicle Governance - assist CRM on regulatory compliance and satisfactory governance framework for booking of the wholesale credit exposures/portfolios  
  • IFRS 9: review ECLs on a quarterly basis and input adjustments if required
  • Risk Appetite Statement: quarterly reporting to CHKL board on key trade asset metrics
  • ICAAP: manage stress test of portfolio, ensure appropriate documentation for legal vehicle board approval
  • Model Risk Management: submit potential models for identification. Manage model validation and compliance with Model Risk Management policies.
  • Booking Unit Memos: Review booking unit memos for transactions that are booked in Hong Kong without any local coverage; review and provide feedback on Booking Unit memo guidance
  • Regulatory Control Matrix: Ensure internal controls are mapped to local regulations and get updated as an when new applicable regulations are released. 
  • Scenario Plan: Support RMCO on Hong Kong and Macau Scenario Plans and XB limits review.
Manage internal and external reviews/audits
  • For reviews by FCR, IA, KPMG, HKMA, Franchise Audit, prepare deliverables, provide information and analysis as requested
  • Follow up on any resulting recommendations/requirements, manage iCAPs as required, and track to completion.
  • On an ongoing basis, respond to questions from FRI reporting team who prepares several monthly country governance reports for the RMCO (CCC, RMCF, ALCO).
  • In case of new outsourcing activities, prepare Business Outsourcing Proposal (BOP),
  • Performance Level Standards Document (PLSD), Additional Documentation Requirement (ADR), performing Annual Due Diligence (ADD). Also complete parallel runs to ensure that outsourced functions prepare material in the manner required
  • MCA: Manage testing and consolidation for the Hong Kong Regional Credit MCA. Manage Annual Review session to review the continued relevance/completeness of MCA content
  • COB: Oversee all Continuity of Business (COB) requirements including preparation of Business Recovery Plan and Business Impact Analysis, People Loss Plan, performance of Application testing and coordinate Call Tree exercise
Qualifications:
  • Candidate should have between 5-8 years of work experience in credit/portfolio management related asks and/or experience in risk regulatory matters.
  • Risk Management background with an understanding of credit risk and internal processes.
  • Knowledge of accounting and corporate finance, financial modelling, credit and banking products, credit analytics, risk assessment, and transaction execution
  • Consistently demonstrate clear and concise written and verbal communication
  • Proven ability to work with little direction and in a team
  • Demonstrated accountability, self-motivation and business acumen
  • Strong database management (Microsoft Excel, MS Access) and analytical/modelling skills
  • Strategic and goal oriented
Education:
  • Bachelor's degree/University degree or equivalent experience
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Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - HK------------------------------------------------------
Time Type :Full time------------------------------------------------------
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