ICM-PM Portfolio Risk Manager - C13 - SINGAPORE

ICM-PM: Portfolio Risk Manager (C13/VP)

Job Description

The Portfolio Risk Manager is a key member of the in-business credit risk function responsible for managing the credit risk of Citigroup’s wholesale and counterparty activities in the JANA and AS clusters. Working closely with individual business units and with the second-line risk management function, the Portfolio Risk Manager is part of a specialized team overseeing the portfolio risk across multiple business units, through portfolio analysis, review, documentation, risk identification, measurement, reporting, monitoring, and stress testing in the JANA and AS clusters.

This role is responsible for working with various stakeholders, namely Early Warning Credit Management, Risk Appetite and Limits Management, Underwriting, 2LoD Risk and business partners, to review the exposure and credit risk mitigant (if available), identify emerging risks/portfolio vulnerabilities, and make recommendations to the stakeholders to mitigate the risk. The portfolio manager will contribute to the regular portfolio reviews, ad-hoc deep dives, stress testing and on-going credit portfolio monitoring.

The ideal candidates for this role should have a strong understanding of credit risk management and credit risk mitigation, proficiency in risk management tools (Bloomberg, Python, SQL), familiar with different products across wholesale and counterparty credit risk, as well as excellent communication and organization skills. The candidate must be able to work independently and as part of a team, and be able to effectively manage multiple tasks and priorities in a fast-paced environment.

Key Responsibilities:

• Portfolio risk management: Responsible for the development and implementation of portfolio risk management strategies to manage the wholesale and counterparty credit risk portfolios, and make recommendations for appropriate actions, such as portfolio diversifications or hedging.
• Risk assessment: Assess the risk associated with the portfolio within the JANA and AS clusters. This involves analyzing the credit quality of the portfolio, evaluating the exposures, assessing the credit risk mitigation, identifying any potential risks, and implementing strategies to mitigate the risk observed in the portfolio.
• Risk metrics: Collaborate with the lines of business and other stakeholders to establish appropriate portfolio metrics and to agree exceptions to standard provisions where justified.
• Reporting: Responsible for preparing and presenting portfolio reports to senior management and other stakeholders regarding the status of the portfolio health in the clusters. This includes providing regular updates on the performance of portfolios, identifying any emerging trends or risks, and making recommendations to reduce the risk.
• Compliance: Ensure that all wholesale credit exposures within the clusters comply with relevant internal policies and procedures, as well as external regulatory requirements. Work with individual businesses and underwriting teams to ensure that all requirements relating to assessment, control, documentation, and monitoring are met.
• Stakeholder management: Work closely with stakeholders, such as business, regulators, and auditors, to ensure that portfolio management activities within the clusters are aligned with the needs and expectations of the stakeholders.
• Project management: Participate in initiatives/projects relate to portfolio management from time to time. The role will take the lead on specific initiatives within the team, actively participate in other ‘side’ projects from the global team, and maintain an overview of all current transformation and credit risk programs impacting the credit portfolio.

Qualifications:

• Bachelor's degree or equivalent experience
• 5+ years relevant experience with Financial Services in wholesale banking, trading, structuring or credit risk management

Experience and requirements for the role:

• Experience in credit risk management and knowledge of the role of portfolio management
• Fully conversant in credit policy and risk principles and perceived as a respected carrier of risk culture
• Expertise in querying and managing large data sets. Tableau experience is a strong plus
• Knowledgeable in banking regulations and their relevance to portfolio management
• Strong and impactful presentation skills
• Self-motivated, meticulous, and a quick learner
• Excellent communication, interpersonal and organizational skills
• Experience in engaging with technology partners is preferred
• Knowledge of Citi’s infrastructure is a plus
• Track record of engagement in complex regulatory affairs and leadership of regulatory-related projects is a plus

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