Credit Risk Group Manager - Toronto, Canada - Citi

Citi

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Job Purpose:
Act as the lead for all credit risk issues related to Citi's Canadian Franchise. Identify related issues for enhancement and
resolution and oversee their implementation and ensure strong credit risk management within Citi's Canadian Franchise. There are two main

aspects:
a) credit portfolio analytics to support the Canada Chief Risk Officer, management Risk Committee, Board of Directors Risk
Committee and Ad hoc regulator requests, and b) individual credit review and approval and ongoing individual credit monitoring in support of
the Canada Chief Risk Officer

Key Responsibilities:

Represent Citi in discussions with Canadian regulators on credit risk issues
Ensure Canada Franchise complies with all Canadian and US regulations, guidelines and credit risk requirements
Perform or oversee gap analyses for new credit risk regulatory requirements and Citi policy enhancements and ensure timely closure of gaps
Oversee IFRS 9 Impairment process for Canada and analyze reserves
Review, analyze and challenge from local perspective Extensions of Credit and other credit approvals booked on the Canada Franchise
Monitor on an ongoing basis individual credits in Canada portfolio to ensure that ratings and classifications remain accurate and credit policy is being followed
Ensure Canada regulatory requirement that risk ratings be refreshed on a timely basis after material credit developments is met
Provide in depth analysis of how new Basel Standardized approach will affect Citi's Canadian Franchise and provide regular updates to regulators, Canadian senior management and ALCO
Deliver presentations regarding key credit risk issues, exposures, etc. to key internal clients and regulators
Represent Canada Risk Management in the implementation of Citi's global credit risk measures and framework
Oversee credit risk components of major regulatory submissions including annual Internal Capital Adequacy Assessment Process
Ensure that credit risks do not jeopardize compliance with Franchise Risk Appetite.
Design risk measures including stress tests and portfolio metrics to monitor credit risks to the Franchise.
Work closely with business and risk management colleagues to understand emerging risks
Inform Canada senior management and Citibank Canada Board of Directors of risk position of the Franchise as well as emerging risk issues and their potential impact to the Franchise
Project manager of Franchiselevel initiatives including Canada Franchise Scenario Plan and crossborder limit proposal.
Lead overall efforts for Capital Adequacy process and Risk Appetite Framework
Monitor credit portfolio and ensure issues are escalated and resolved timely by interacting with business partners Develop indepth analysis of credit risk issues for presentation to Canadian senior management, internal audit, Risk Committee, Board and regulators
Partner with global peers to leverage best practices in the identification and implementation of risk mitigation programs
Assess risk/return tradeoffs associated with transactions, products, and client relationships
Represent Citibank Canada at various Canadian Bankers Association committees on credit risks
Create and sustain a network of strong relationships with peers, Citi business partners and Canadian senior management

Qualifications:

Minimum of 7 years expertise in the performance and delivery of indepth risk analysis services within a large global financial institution
Extensive project management experience
Strong quantitative background; exceptional attention to detail
Must have a product knowledge across fixed income, equities, derivatives, corporate loans and deposits
Solid understanding of credit risk management
Selfstarter who works well in rapidly changing environment with multiple competing priorities
Excellent verbal and written communication skills
Effective negotiation and interpersonal skills
Ability to influence senior executives and key clients internally or externally
MBA / CFA Education:
STEM undergraduate degree preferred

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Job Family Group:

Risk Management

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Job Family:

Country Risk

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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.

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