Inter-affiliate risk management from the legal vehicle perspective has become a topic of great interest from a global regulatory perspective; prudential regulators around the world are focusing more on the relationships legal entities have with affiliates than ever before. Citigroup Inc. (Citi) is afinancial services holding company. The Company's whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, uses a vast footprint of subsidiaries to do so. In order to offer services to the widest range of clients Citi is present in 97 countries, jurisdictions, and offer services in over 160 countries and jurisdictions. In this role, the successful candidate will assist in developing and implementing the strategic risk governance framework to Citi's risk management of affiliate credit relationships.Key Responsibilities: Manage Inter-Affiliate relationships and maintain an in-depth understanding of the Firm's Global Booking ModelCoordinated across the first and second lines of defense to ensure a robust and comprehensive risk management framework is established across multiple stakeholdersEnsure Citi's use of Inter-Affiliates is in line with policy and regulatory guidance; specific aspects include: strategy, governance, metrics and reporting, inventory and segmentation, risk assessments, technology and dataPartner with technology SMEs and direct project support resources to ensure efficient resolution of risk valuation issues in accordance with Citi's commitment to management inter-affiliate exposureCoordinate with legal entity risk management and other key stakeholders across the firm in order to establish and renew credit limits on an annual basisPartner with risk management colleagues globally to ensure inter-affiliate risk management requirements are firmly rooted in the global risk management framework across all regions, and legal entities Develop credit profiles for affiliates based on stand-alone financial disclosuresManage, track, and coordinate data and structural remediation projects regarding inter-affiliate risk managementDevelop a high degree of technical and policy understanding with respect to business credit processing.Develop and maintain effective working relationships with colleagues in other areas of Risk, Finance, Treasury, Legal Vehicle management, and the BusinessQualifications:6+ Years of business experience; preferably in Credit Risk, Audit, Compliance, or FinanceCredit OfficerWorking Knowledge of pertinent regulations including Reg W, Reg K, MRNCCD, Section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and FDIC's Covered Insured Depository Institution Response requirements.In depth knowledge of Citi's corporate structure Working knowledge of Citi's Resolution and Recovery plan to include in depth knowledge of Citi's Material Legal Entity (MLE) structure.Familiarity with CitiRisk and other internal technology platforms preferred.Knowledge of a wide variety of capital markets products is a mustWorking knowledge of credit risk valuation and calculations preferred Project Management skillsSelf-starter able to take on projects with minimal guidance or supervision.Strong presentation skillsAbility to work in a team environment or as an individualEducation
- Bachelor's degree/University degree or equivalent experience
- Master's degree preferred
Job Family Group: Risk Management
Job Family:Credit & Portfolio Risk Management
Time Type:Full time
Primary Location:Getzville New York United States
Primary Location Full Time Salary Range:$92,000.00 - $138,000.00In 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.
Anticipated Posting Close Date:May 07, 2024Citi 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
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