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Citi’s Risk Management organization oversees risk-taking activities and assesses risks and issues independently of the front line units. We establish and maintain the enterprise risk management framework that ensures the ability to consistently identify, measure, monitor, control and report material aggregate risks.

We’re currently looking for a high caliber professional to join our team as Director, Credit Risk Second Line of Defense Senior Group Manager (Internal Job Title: Credit Risk 2LOD Sr Group Manager - C15) based in Singapore. 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:

• We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
• We empower our employees to manage their financial well-being and help them plan for the future.
• We have a variety of programs that help employees balance their work and life, including generous paid time off packages.

The Head of Financial Institutions and Counterparty Credit Risk (FIG & CCR) for Asia South is a strategic leadership role responsible for the proactive credit risk management and portfolio monitoring of Citi's Financial Institutions client segments across the Asia South cluster. This role involves significant engagement with senior management, various product and underwriting teams, and external stakeholders, focusing on a constructive and independent review and challenge approach. The portfolio coverage includes banks, broker-dealers, insurance companies, non-bank finance companies, fintech companies and real money funds.

In this role, you’re expected to:

• Strategic Leadership & Portfolio Management:
  • Provide leadership as the senior credit risk portfolio manager and approver for Financial Institutions segments (excluding hedge funds) within the Asia South Cluster.
  • Proactively manage credit exposures for these segments, dictating Citi's risk appetite across all credit-sensitive products, including loans, derivatives, equity, Foreign Exchange (FX), Fixed Income, Currencies, and Commodities (FICC) derivatives, trade finance, clearing, and settlement.
  • Complete comprehensive credit analysis and actively monitor the Financial Institutions portfolios, with a focus on proactive problem recognition, stress testing, and overall portfolio management.
  • Make informed credit decisions through a deep understanding of the credit, structure, and profitability features of each relationship.

• Stakeholder Engagement & Collaboration:
  • Build a comprehensive understanding of the local markets, key clients, local market conditions, and the capabilities and practices of competitors across Asia South.
  • Maintain significant interaction with Financial Institutions Group country heads, Markets and Treasury and Trade Solutions (TTS) Directors/Managing Directors, Institutional Credit Management (ICM) and other global functions colleagues.
  • Manage and resolve escalation issues, communicating effectively with the Business regularly
  • Serve as the primary interface with local regulators for the portfolio, ensuring compliance and representation on relevant Country Risk Management Committees.
  • Liaise with Internal Audit for country FIG & CCR audits and coordinate with the Global Controls Team.

• Team Management & Development:
  • Manage and mentor a team of credit risk professionals across the Asia South region.
  • Ensure the quality of credit decisions, identify areas for improvement within the team, and establish effective training and development plans.

• Regulatory & Compliance Oversight:
  • Manage increasing demands of regulatory and management reporting, ensuring timely input from key stakeholders and monitoring data quality.
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

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

Qualifications:

• 15+ years of credit risk management experience, with a proven track record in managing a diverse portfolio of financial institutions
• Current Senior Credit Officer (SCO) (or external equivalent) approval authority (SCO Level 2 preferred).
• Strong technical expertise and solid understanding of Financial Institutions' related products, credit documentation [e.g., credit agreements, International Swaps and Derivatives Association (ISDA) agreements, Control Self-Assessment (CSA)], complex structures, and associated risks (loans, derivative, trade, and transactional services)
• Demonstrated thought leadership, developing new techniques, methodologies, and approaches for credit risk management.
• Proven track record of innovation and groundbreaking developments in credit risk assessment and mitigation.
• Expertise in evaluating complex issues with substantial impact, utilizing quantitative and qualitative analysis.
• Ability to drive change within and beyond the organization, shaping operational strategies and influencing industry standards.
• Ability to break silos and build partnerships across functions and regions, collaborating effectively with others.
• Exceptional communication skills, including clear articulation, effective presentation of complex information, and empathetic response.
• Advanced skills in mediating disputes and advocating for organizational interests with high-level stakeholders.
• Ability to act decisively in high-risk scenarios, assessing situations based on available data, experience, and judgment.
• Capability to challenge established norms and pioneer new approaches in complex domains.
• Proven ability to guide decision-making processes and implement technical solutions effectively.
• Unquestioned ethics with a thorough understanding of regulatory expectations.
• Strong analytical and credit analysis skills, with attention to detail and an ability to provide big-picture decision-making.
• Independent problem-solving skills, with the ability to prioritize and meet deadlines in complex transactions, often with short timetables.

Education:

• Bachelor's degree/University degree or equivalent experience is required.
• Professional/Master's degree, Master of Business Administration, Certified Public Accountant, or Chartered Financial Analyst preferred, with formal credit training being a plus.

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

https://jobs.citi.com/dei

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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Job Family Group:

Risk Management

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Job Family:

Credit Risk

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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