Full-Time

SVP Enterprise Concentration Risk Management

Identification and Monitoring

Confirmed live in the last 24 hours

Citigroup

Citigroup

10,001+ employees

Global financial services and banking solutions

Fintech
Social Impact
Financial Services

Senior

Mississauga, ON, Canada

Hybrid position.

Category
Risk Management
Finance & Banking
Requirements
  • Strong background in Financial Risk Management with at least 4 years of hands-on experience in Enterprise Risk Management
  • 10+ years of Risk Management experience at large banks
  • Broad understanding of different risk stripes within ECRM framework, including but not limited to credit, market, operational, liquidity, DSFT risks, etc.
  • Familiarity with Regulatory expectation around Concentration Risk will be extremely helpful
  • Strong analytical skills and the candidate should have the ability to link common risks across different risk areas
  • 8-12 years relevant experience
  • Bachelor's degree/University degree or equivalent experience
  • Master's degree preferred
  • Certified Risk Professional (CRP), Financial Risk Manager (FRM), or similar certifications is desirable
Responsibilities
  • Risk Assessment and Identification - Conduct comprehensive risk assessments, considering both internal and external factors to identify material / emerging concentration risks, evaluate their potential impact, and recommend appropriate risk mitigation strategies.
  • Risk Reporting and Communication - Prepare clear, concise, and compelling risk reports for senior management and the Board by synthesizing key concentration issues that impact Citi. Articulate complex risk issues in a way that resonates with diverse audiences.
  • Risk Monitoring and Measurement - Lead robust review and challenge sessions with key stakeholders across multiple risk stripes (e.g. Wholesale/Retail Credit, Treasury Risk, Market Risk, Liquidity Risk etc) to enhance concentration related key risk indicators (KRIs) and monitor their exposure.
  • Regulatory Compliance - Prior experience of with implementation of frameworks related to OCC's Heightened Standard is extremely desirable. Knowledge of regulatory requirements around management of Concentration Risks at large banks is required.
  • Adherence to Policy and Procedures - Ensure all monitoring and reporting procedures align with ECRM risk policies and work effectively with individual business risk policies as they pertain to ECRM.

Citigroup provides a wide range of financial services, including consumer banking, corporate and investment banking, and wealth management, to clients around the world. Its services include loans, credit products, securities brokerage, and asset management, catering to individual consumers, businesses, and government entities. Citigroup operates in over 160 countries, utilizing its extensive global network and technology to offer efficient financial solutions. Unlike many competitors, Citigroup emphasizes its commitment to sustainability and social responsibility through significant investments in environmental, social, and governance initiatives. The company's goal is to facilitate international trade and investment while managing financial assets and providing liquidity in the global financial system.

Company Stage

IPO

Total Funding

$59.8M

Headquarters

Tel Aviv-Yafo, Israel

Founded

1812

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Simplify's Take

What believers are saying

  • Citi's partnership with Mastercard enhances its position in the digital banking sector.
  • The introduction of 'Green Deposits' taps into the growing sustainable banking market.
  • Citi's involvement with Jumia positions it strategically in the expanding African e-commerce market.

What critics are saying

  • Increased competition from digital platforms like Versana may challenge Citi's market position.
  • Citi's 'Green Deposits' could face scrutiny if environmental impacts are questioned.
  • The volatile African e-commerce market poses risks to Citi's partnership with Jumia.

What makes Citigroup unique

  • Citi's global reach spans over 160 countries, offering unmatched international banking services.
  • The company integrates ESG initiatives into its operations, appealing to socially conscious investors.
  • Citi's technological infrastructure supports innovative solutions like Google Pay Plex accounts.

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