Firmwide CECL Senior Vice President

The Portfolio Credit Risk Management role oversees portfolio risk management activities to minimize credit losses and potential damage to the Citigroup franchise or reputation. The role includes developing business strategies, calculating CECL reserves, conducting stress tests, loss forecasts, and managing risk appetite for the First Line of Defense (1LOD). For the Second Line of Defense (2LOD), the role involves providing effective oversight and periodic review and challenge of 1LOD portfolio management processes and outcomes. Individuals in this role ensure credit risk is managed effectively across all portfolios, protecting the company's financial stability and reputation while supporting the overall business strategy.

Responsibilities: 

• Supervise and scrutinize risk management activities related to the credit portfolio, including risk assessment, mitigation, monitoring, and reporting to ensure optimal performance.
• Oversee the end-to-end framework for credit reserve adequacy and stress testing, carefully assessing and mitigating potential risks.
• Validate new account strategies, account management strategy development, and non-scoring financial models, ensuring robust and effective checks are in place.
• Conduct rigorous internal and oversight reviews, probing and investigating internal processes and controls, managing any internal audits or regulatory exams to uphold institutional integrity.
• Assess and analyze risk during decision making processes, using sound judgement to safeguard the firm's reputation and financial stability.
• Ensure firm policies are upheld, promote ethical conduct, and rigorously examine activities and processes to ensure compliance with relevant legal and regulatory requirements.
• Stay informed about industry trends, leverage strong communication skills to clearly relay information to various stakeholders and make complex business decisions.
• Monitor and adapt current practices according to the latest trends in credit risk analysis, leveraging expertise for improved forecasting and allowance calculations.
• Utilize expertise to enhance compliance processes for credit portfolio limits and negotiate strategic changes when necessary.
• Serve as a key authority in overseeing the first line of defense processes for portfolio management, adapt to industry trends, and drive strategic improvements for efficient operations.
• Develop limit methodologies, manage risk, coordinate regulatory interactions, and enhance process controls in the context of overseeing credit portfolio limits and stress testing.
• Manage governance discussions, oversee risk mitigation efforts, and deal-based limit constructs to ensure balanced risk exposure.
• Interpret limits governance, oversee risk activities including single name and distribution risk, and define risk mitigation activities to ensure overall portfolio health.
• Represent and coordinate second line of defense risk appetite engagement, manage risk statements and assessments, identify top risks to ensure proactive risk management.
• Conduct regular reviews of portfolio health, engage in ad-hoc work related to risk control, and identify potential risks for the purpose of continuous improvement and risk reduction.

• Is an enthusiastic and early adopter of change; takes ownership for helping others see a better future and stay positive during uncertainty.
• Demonstrates and inspires curiosity in seeking new ways to overcome challenges; actively applies learning from failures.
• Challenges self and others to seek out and communicate alternative views even when unpopular; welcomes diverse ideas to improve outcomes.
• Acts as a change catalyst by identifying and helping others see where new ideas could benefit the organization.
• Proactively seeks to understand and act in alignment with organizational decisions; helps others prioritize team and enterprise success over their own personal agenda
• Focuses on highest-priority work aligned to business goals; helps others effectively manage competing priorities.
• Proactively identifies opportunities to streamline work; creates process improvements that enhance efficiency for self and the team.
• Takes personal accountability for escalating, identifying, and managing potential risk; implements controls that enhance the client experience and operational effectiveness.
• Anticipates problems and proactively identifies solutions that address the root causes and result in meaningful improvements.
• Sets high expectations and invests the necessary effort to deliver excellence and exceed performance goals.
• Role-models and helps others to do the right thing for clients and Citi in all situations, even when difficult
• Engages key stakeholders early and often and actively looks for opportunities to improve collaboration in achieving common goals.
• Proactively seeks out opportunities to volunteer in Citi programs that support the community; advocates for solutions that meet the needs of Citi’s clients and the community.
• Enthusiastically promotes the unique needs and preferences of colleagues; makes active commitment to help colleagues achieve balance, well-being, and development.
• Leverages varied networks to recruit diverse talent; advocates for colleagues with diverse skillsets, styles, and experiences to gain career opportunities.
• Empathetically listens and understands others’ positions before acting on issues; works to amplify voices that are minimized in the workplace

• 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 teams and create accountability with those who fail to maintain these standards

Qualifications: 

• 10+ years of experience
• Solid knowledge and hands-on experience in risk management, especially with credit portfolios, exhibiting abilities in scrutinizing, probing, and supervising first line of defense risk management.
• Acumen in questioning, examining, and validating new account strategies, account management strategies, and non-scoring financial models.
• Familiarity with compliance protocols with a demonstrated ability to direct, assess and dispute compliance adherence.
• Experience in conducting and directing internal and external audits, with a strong understanding of oversight reviews, demonstrating competence in questioning and appraising audit processes.
• Ability to collaborate with multiple teams and departments with a focus on managing, inspecting and disputing collaborative endeavors.
• Comprehensive knowledge and experience in risk assessment, particularly when making business decisions demonstrating, strength in contesting, scrutinizing, and ensuring decisions maintain the firm's reputation.
• Proficiency in ensuring compliance with legal and regulatory requirements, demonstrating ability to dispute, assess, and supervise compliance processes.
• Advanced expertise in scrutinizing and evaluating complex financial data, with the capacity to make strategic decisions under review.
• Proficiency in credit analysis, counterparty risk, and portfolio stress testing, including the ability to predict and plan for potential market fluctuations whilst challenging these predictions.
• Mastered use of risk management tools and exposure monitoring processes with the ability to design, implement, and critically assess new processes.
• Prompt and efficient in responding to ad-hoc transaction requests with a keen ability to identify, mitigate and challenge trade-specific risks and forecast potential risk scenarios.
• Demonstrated leadership in driving collaboration with various teams, with skill in influencing and driving strategic decisions Reporting under scrutiny.
• Skilled communicator with the ability to explain complex financial concepts and risks to stakeholders and ensuring these communications stand up to challenge and review.
• Exceptional project management skills, with the capability to oversee multiple projects from inception to completion, ensuring timely and successful delivery under constant review.
• Capable of leading information requests from regulators and auditors, managing remediation efforts or corrective action plans, and ensuring compliance while minimizing business risks.

Education: 

Bachelor's/University degree, Master's degree preferred

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Job Family Group:

Risk Management

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Job Family:

Portfolio Credit Risk Management

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Time Type:

Full time

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Primary Location:

Wilmington Delaware United States

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Primary Location Full Time Salary Range:

$144,480.00 - $216,720.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Most Relevant Skills

Analytical Thinking, Credible Challenge, Governance, Policy, Procedure, and Regulation, Portfolio Analysis, Risk Management Lifecycle.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Anticipated Posting Close Date:

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Automated Processing and AI

We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.

Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.

Illinois residents – AI Notice and Right

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