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
Financial Services

Senior, Expert

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
  • 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 variety of financial services to individuals, businesses, and governments around the world. Its offerings include consumer banking, credit services, corporate and investment banking, securities brokerage, and wealth management. The company operates in over 160 countries, allowing it to facilitate cross-border transactions and serve a diverse clientele. Citigroup's products work by leveraging its extensive global network and technology to provide efficient banking solutions, generating revenue through interest on loans, service fees, trading, and investment management. What sets Citigroup apart from its competitors is its strong focus on sustainability and social responsibility, as demonstrated by its investments in environmental, social, and governance (ESG) initiatives. The company's goal is to create a positive financial and social impact while ensuring growth and profitability.

Company Stage

IPO

Total Funding

$59.8M

Headquarters

New York City, New York

Founded

1812

Growth & Insights
Headcount

6 month growth

12%

1 year growth

12%

2 year growth

1%
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Simplify's Take

What believers are saying

  • Citi's investment in Pylon enhances access to institutional-grade mortgage products.
  • The €410 million investment in SeQura supports international market expansion.
  • Citi strengthens SME lending with a £200 million debt funding package for iwoca.

What critics are saying

  • Increased competition from fintechs like Pylon may lead to market cannibalization.
  • SeQura's expansion may not meet expectations, affecting Citi's returns.
  • Citi's large debt funding packages increase exposure to credit risk.

What makes Citigroup unique

  • Citi operates in over 160 countries, offering a vast global network.
  • The company integrates technological innovations for seamless banking solutions.
  • Citi's commitment to ESG initiatives sets it apart in sustainability efforts.

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