Director - APAC Head of Counterparty Risk & Remediation Projects, FICC
February 13, 2021
Under the guidance from Region Head of Financial Institutions & Counterparty Credit Risk Management ("FICC"), , implement the strategy and governance framework for Counterparty Credit Risk (CCR) across Citi APAC.CCR Governance includes the 2nd Line of Defense review and challenge in a variety of CCR related committees with the goal of bringing consistent thought process and actions to the CCR exposures.
Lead and manage a team of 4 risk professionals to implement CCR risk appetite and governance of CCR exposures to Citi APAC
Support Global Head of CCR to create and build a CCR governance framework, policies and procedures, and operating model. Work with APAC FICC head to implement this across the region
Demonstrate strong capital markets and technical expertise to ensure that risk is appropriately identified, measured and managed accordingly
Be fluent on the quantum, trend, composition of CCR exposure and work in conjunction with risk and business partners to establish overall CCR and WWR risk tolerance limits across Citi APAC
Support Head of CCR to oversee governance of the PSE, Stress Testing and DSFT Councils
Implement a stress testing approach to pre-settlement exposure so that it can be used as another lens into the CCR portfolio
The candidate will develop & implement Citi's risk appetite CCR frameworks, practices and policies across all market credit sensitive products, which include loans, derivatives and other capital markets products (cash; securities lending; equity, FX, and FICC derivatives; Equity and FX Prime Brokerage), clearing and settlement.
Actively monitor the CCR across business, risk stripes and legal vehicles with a focus on proactive problem recognition, stress testing and overall portfolio management.
Primary APAC interface to the regulators for the CCR portfolio. Manage increasing demands of regulatory and management reporting, including ensuring timely input from key stakeholders and monitoring data quality.
Involvement in product governance forums (product level risk reviews as well as business risk and controls)
Serves as a point of escalation for key issues or time sensitive decisions. Acts decisively in high risk scenarios, assessing a situation based on available data, experience and judgment.
A proactive approach to managing and motivating the team and searching for process improvements
Engage with APAC regulators and other constitutes on counterparty credit and financial institutions discussions
Clear and responsive communication with senior management, auditors and regulators on all aspects
Candidates should have a minimum of 10 years of financial institution or other intensive credit risk experience
Strong capital markets product knowledge and analytical experience is required
Strong technical expertise and solid understanding of capital markets products, credit documentation (credit agreements, ISDA, CSA) and complex structures and associated risks (synthetic loans, derivatives).
The preferred candidate must be a Senior Credit Officer, or demonstrate the ability to attain SCO Level 2 quickly.
Strong partnering skills and the ability to work collaboratively across the organization; sound fundamental credit and portfolio management skills
Proven track record of building business relationships. Strong influencing and negotiating ability.
Has deep knowledge of the competitive landscape and potential threats and opportunities
Excellent organizational and communication skills (written and verbal)
Superior analytical and quantitative skills
Able to quickly distil transactions/business propositions to key risks
Strong people and process management, mentoring, and coaching ability
Demonstrated leadership skills
Ability to lead meetings/calls, to listen to other points of view, provide appropriate challenge and to take decisions with a clear rationale
Relationship building across functions and regions. Regularly communicates and ensures key messages are cascaded throughout the broader teams.
The candidate should be proficient in legal, regulatory and compliance matters and should be able to demonstrate strategic risk insight and sensitivity to macro and regulatory issues.
Educated to degree standard or equivalent; MBA preferred
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
Job Family Group: Risk Management Job Family: Credit & Portfolio Risk Management Time Type:
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