Investment Lending Senior Credit Risk Manager - Vice President Investment Lending Senior Credit Risk Manager -  …

Citi
in Hong Kong
Permanent, Full time
Last application, 29 Nov 21
Competitive
Citi
in Hong Kong
Permanent, Full time
Last application, 29 Nov 21
Competitive
Citi
Investment Lending Senior Credit Risk Manager - Vice President
The role is responsible to assist the Investment Lending Risk Head to lead a team of 10 members composed with credit analysts and senior risk managers to define (a) Risk Appetite Framework around Collateral Acceptance and Portfolio metrics (b) Define Credit Policy Framework (c) Monitor Performance and make dynamic adjustments (d) Implement effective risk management tools (e) Maintain NIL/Low cost of credit (f) Comply to local regulations and Citi policies, etc. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers.

Responsibilities:
  • Manage the risk/return of the secured lending portfolio:Margin Securities Backed Financing and Insurance Premium Financing. Formulate overall credit strategy, policies and procedures
  • Monitor changes in the macroeconomic environment, investment markets and the portfolio mix to ensure product performs to profitability, risk benchmarks and corporate guardrails
  • Review and approve credit review of new and existing facilities, manage counterparty/collateral concentration approval and monitoring process
  • Provide oversight on the margin monitoring process and the overall credit operations
  • Ensure product compliance with internal policies, external regulatory guidelines and alignment with the firm's Risk Appetite Framework and strategy
  • Help drive the completion of regulatory reporting including the annual portfolio stress testing exercises
  • Demonstrate strong leadership skills with abilities to provide adequate coaching and supervision over junior staffs
  • Performing both quantitative and qualitative analysis on new and existing products to identify potential risk arising on the areas of responsibility and taking appropriate actions to mitigate the risk.
  • Coordinating and conducting the periodic review of risk policies and procedures as well as lending programs.
  • Escalates performance outliers to Senior Risk Manager with a view on the macro and/or microeconomic factors contributing to that performance.
  • Manages the ongoing pipeline of periodic reviews related to specific products, programs, and firm models within coverage areas. Take responsibility for meeting approval deadlines and escalating, early, those issues that may delay delivery.
  • Assisting with periodic presentations to Citi senior management, regulators, and other constituents, requiring the translation of complex concepts into 'user friendly' language.
  • 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 well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications:
  • 8+years relevant experience in Consumer or Private banking credit risk management covering wide range of Investment / Wealth Management products and , Portfolio management
  • Moderate to extensive knowledge of retail investment products and services, including: mutual funds, stocks, structured notes, fixed income instruments etc.
  • Good knowledge of wealth & Investment management, understanding of global financial market and dynamics of financial instruments and their associated risks (Credit, market, Liquidity, Legal etc.) are critical for the role.
  • Ability to work effectively in a team setting; demonstrated ability to manage and influence divergent views across a complex organization in the absence of direct authority
  • Expert analytical and writing skills
  • An ability to drive tasks through to completion, with minimal supervision
  • Advanced proficiency in Microsoft Excel and PowerPoint
  • Ability to maintain and build relationships and organizational skills including sophisticated communication and relationship management skills
  • Ability to develop relationships cross-functionally
  • Excellent analytical skills including experience with portfolio-construction techniques and portfolio analysis
  • Flexibility in thought and approach; able to introduce creative solutions and enact reasonable judgment for complex issues that have no 'right' answer
  • Able to work in a rapidly changing external environment and support business in a highly competitive and challenging market.

Education:
  • Bachelor's/University degree, Master's degree preferred


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:
Investment Product Risk Mgmt
Time Type:

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