The Team:

In line with its focus on risk and controls, Citi has created a new first line risk function, Institutional Credit Management (ICM). ICM’s principal focus is credit risk, and it has been established with the objective of providing integrated “end-to-end” credit underwriting, and the management of associated risks for wholesale credit businesses across the enterprise. Within ICM, the Collateral team focuses on the monitoring and management of risks relating to collateral. The Collateral Risk team works globally, across all lending segments. 

Job Summary

The ICM Collateral Risk VP is responsible for the measurement, monitoring, and management of collateral risk arising from the bank’s collateralized wholesale lending activities globally. Working closely with individual business units and with the second-line risk management function, the VP will assist in the structuring of and maintain monitoring responsibilities for a wide range of collateral types (including cash, real estate, commodities and other physical assets, etc.).

Ideal candidates for this role will have extensive experience either in secured lending and related collateral analysis, (whether in a banking or risk management capacity), portfolio management, or in other roles involving capital/stress testing related to collateralized lending. They will have a track record in tackling new challenges, solving complex problems and delivering effective and robust solutions.

The Mission:

The Wholesale Lending Collateral Risk team is tasked with monitoring, measuring and controlling collateral risk globally, covering all collateral relating to Citi’s wholesale credit activities. The individual in this role will work cross-functionally with various Business and Risk stakeholders.

Key benefits include the development of an unusually broad perspective on the firm’s wholesale lending activities globally (spanning Corporate Banking, Real Estate, Securitizations, and other business areas), the acquisition of specialized knowledge of regulatory developments and the firm’s financing practices, exposure to senior leadership and a rewarding, creative, and dynamic working environment.

The Role:

The Collateral Risk VP will be expected to make a major contribution towards the refinement of the team’s mandate and operating model and to take a leading role in the execution of existing responsibilities including:

• Providing key collateral insights into portfolio health reviews
• Review of collateral related risks, and the creation of collateral risk frameworks
• Collaborating with collateral taking businesses and resolving collateral risk related matters
• Taking a lead role in collateral related projects (business/asset specific, capital/Basel related, etc.)
• Acting as the focal point for all key queries and escalations in respect of collateral for lending activities
• Taking ownership of first line risk agenda in all relevant governance bodies
• Development into a leadership role to further build out the team and framework globally.
• Real Estate or Asset Based Lending experience preferred but not essential.

Qualifications and Experience:

• Bachelor’s degree or equivalent experience
• 5+ years relevant experience in Financial Services (or strategy consulting) including credit extension/management in corporate lending, ideally across 2 or more regions
• Highly analytical & creative mindset
• Track record in building internal relationships and cross-functional processes
• Strong and impactful presentation skills
• Understanding of regulatory capital (e.g. CCAR, Basel III) fundamentals / stress testing a plus but not required
• Knowledge of Citi’s organizational structure and infrastructure is a plus

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Job Family Group:

Risk Management

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Job Family:

Credit & Portfolio Risk Management

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Time Type:

Full time

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Primary Location:

Irving Texas United States

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Primary Location Full Time Salary Range:

$114,720.00 - $172,080.00

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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Anticipated Posting Close Date:

Nov 11, 2024

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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.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

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