Assistant Vice President

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Citi's **Risk Management** organization oversees Citi's risk governance framework and risk appetite, ensures all risks generated by the firm's businesses are measured, reviewed, and monitored on an ongoing basis.
We're currently looking for a high caliber professional to join our team as **Assistant Vice President -** **Counterparty Credit Ri** **- C12 - Hybrid.** (Internal Job Title: Assistant Vice President- C12) based in **Mumbai** **-** **Ind** **ia** **.** Being part of our team means that we'll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
+ Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
+ We empower our employees to manage their financial well-being and help them plan for the future.
+ Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
+ We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
​ **In this role, you** **'** **re expected to:**
Credit Portfolio Senior Analyst is an intermediate-level position responsible for Counterparty Credit Risk Portfolio in Counterparty Credit Risk (CCR) function in Citgroup. CCR function includes portfolio management of CCR exposures across all Credit portfolios, oversight of CCR frameworks, pre-trade advisory on complex derivatives and addressing any remediation plans adhering to the best practices and regulatory requirements.
**Job Background**
Counterparty Credit Risk is one of the largest and most dynamic portfolios within Citigroup. It spans all the capital markets products across all counterparties including Financial Institutions, Corporates, Public Sector, Central Counterparties, Commercial Bank and Private Bank clients and is part of 2nd Line of Defense independent risk function Financial Institutions Group and Counterparty Credit Risk team under Banking and International Risk.
**Responsibilities:**
+ Help implement and operate the 2nd Line Counterparty Credit Risk and controls framework for Citi including Pre-Settlement Exposure (PSE), Net Stress Exposure (NSE) and various CCR measurements standards across Citi APAC businesses in partnership with Credit Officers, Risk Analytics and Technology and key stakeholders in 1st Line of Defense including Banking, Markets, and Institutional Credit Management
+ Help ensure CCR frameworks, practices and policies applied to all market products, including all Over-The-Counter (OTC) Derivatives across Equity, Foreign Exchange (FX), Fixed Income, Commodities, Credit derivatives; Prime Brokerage, Futures and OTC Clearing, Securities Financing Transactions and Cash trading across all Credit portfolios
+ Actively monitor CCR portfolio across business, risk stripes and legal vehicles on the quantum, trend, composition, and work in conjunction with Credit officers and Business partners to ensure CCR exposures remain within risk appetite.
+ Focus on early warning and proactive problem recognition based on markets indicators and portfolio concentrations and timely escalate issues to senior management for any action or resolution
+ Help 2nd line of defense Credit officers in pre-trade review, challenge, and what-if analysis for new complex derivatives activity with application of CCR frameworks for effective and efficient risk on-boarding
+ Support CCR risk management governance by preparing and presenting updates on various CCR pillars to CCR councils and senior management forums
+ Support regulatory interactions on the CCR and manage increasing demands of regulatory oversight on CCR including ensuring timely and accurate inputs to regulators
**Knowledge/Experience:**
+ Candidates should have a minimum of 6+ years of experience in a large Global Financial Institution with Global Markets business
+ Prior work experience and knowledge of Counterparty Credit Risk or Market Risk including VaR, Exposure frameworks/models, Stress testing, Wrong-Way Risk
+ Prior knowledge of Markets businesses and products across OTC Derivatives and Security Financing derivatives and across range of assets classes
+ Strong technical expertise of complex derivative structures and understanding of associated first order/second order risks
+ Knowledge of Credit documentation and various Credit master agreements, legal terms related to netting/collateral/margin mechanics will be a plus
+ Broad understanding of current market and regulatory environment as applicable to Counterparty Credit Risk
**Skills/Competencies:**
+ Excellent organizational and communication skills
+ Superior analytical and quantitative skills and be able to quickly distil transactions/business propositions to key risks
+ Ability to work collaboratively with a wide group of cross-functional stakeholders across levels
+ Demonstrated ability to lead meetings/calls, to listen to other points of view, provide appropriate challenge, influence partners
+ Regularly communicates and ensures key messages are cascaded throughout the broader teams
+ Demonstrates integrity and sound independent risk judgment and operates to the highest ethical standard
+ Ability to work comfortably in a matrix environment
+ Self-starter, motivated, aspirational
**Education:**
+ Bachelor's/University degree or equivalent experience
Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact.
**Take the next step in your career, apply for this role at Citi today**
_ Family Group:**
Risk Management
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**Job Family:**
Portfolio Credit Risk Management
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**Time Type:**
Full time
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