Vice President - Collateral Risk - C13 - Mumbai

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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.

In this role, you’re expected to:

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.

As a successful candidate, you’d ideally have the following skills and exposure:

• Bachelor's degree or equivalent experience

• 10+ 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

Education:

• Bachelor Degree

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https://jobs.citi.com/dei