SVP, CCR Senior Portfolio Manager - Citi Private Bank (Hybrid)
Location: Singapore, Singapore
Type: Full Time
Internal Number: 18462539
The Global Margin Lending (GML) business of GWM provides financing to the whole wealth spectrum of clients ranging from the affluent up to the High Net Worth segment against liquid listed securities. In addition, GML provides a "utility service" to Global Wealth providing a first line of defense (1st LoD) credit analysis and approval function for all counterparty risk across GWM. This includes Global Margin Lending, Markets Direct Access (a joint venture with Citi Markets) and Global Capital Markets within GWM.
The Portfolio Solutions Team is responsible for three aspects of Global Margin Lending: Loanable Value Methodology and Implementation, Portfolio Stress Testing, and Portfolio Management. Portfolio Solutions works closely with our GML Lending teams to serve as a critical component of our First Line of Defense for Counterparty Credit Risk (CCR) management and will work with our Independent Risk partners to ensure best-in-class risk and controls, as well as client responsiveness. Key responsibilities of the team include:
Define and implement CCR portfolio risk metrics and analytics for the whole CGW;
Define and implement best in class stress testing and methodologies for the 1st LoD in CGW;
Define and implement a loanable value (LV) methodology for CGW based on collateral concentration and liquidity by standardizing the methodology across both Citi Consumer Bank (CCB) and Citi Private Bank (CPB);
Manage and sponsor CCR models for CGW and liaison with the relevant Risk teams for the Model Governance processes and procedures;
The scope of responsibilities and scale of this team will evolve over time to continue to meet our needs.
The Counterparty Credit Risk Senior Portfolio Manager will establish and manage scalable end-to-end processes for the core production pillar. Specifically, this would include:
Lead the optimization of the key counterparty risk and liquidity metrics used to monitor the risk appetite and risk capacity of the business against limits
Deliver portfolio counterparty credit analysis with regards to stress testing, credit exposures, collaterals liquidity, concentrations and Wrong Way Risk;
Portfolio stress testing: Develop and manage processes that effectively engages with CCR Originators, CCR heads of Underwriting and independent Risk Managers (2nd line) to manage portfolio risk management for CCR CGW;
Accuracy and completeness of Credit Data: ensure that data captured in our counterparty credit infrastructure are in line with the approvals and conform to WCR Portfolio Management and Monitoring standards;
On-going monitoring and portfolio risk drivers identification processes: deliver timely, high-quality analysis of existing exposures including pockets of client and or/collateral concentrations;
Support the integration of the Consumer Bank CCR exposures and risk measures within the CGW Risk Management Framework
Respond to ad-hoc transaction requests in a timely manner, demonstrating a good understanding of trade-specific risks and risk measurements;
Escalations: ensure timely tracking and escalations around exposure monitoring;
MIS and Reporting: Develop analytical tools to measure critical production and control metrics to drive portfolio management.
Reports directly to the APAC Head of Portfolio Solutions;
Partner with the CCR Models' Sponsors and relevant Risk teams for the aspect of the Model Risk Governance related to changes, processes and procedures
Lead the optimization of the CGW operating model for Counterparty Credit Risk management in APAC including the coordination with central functions for ongoing Changes programmes;
Establish relationships with a network of key stakeholders, partnering with senior colleagues in the Business as well as with risk management, technology, reporting and operations teams to drive implementation of strategic initiatives;
Partner with the WCM Heads to provide 1st-line approvals in line with Citi Credit Policy, WCR Standards, Procedures and CGW Product Programs;
Support the management and oversight of key regulatory project deliverables and Internal Audit/ Regulatory issues remediation.
Work experience and competencies:
Minimum of 10 years of experience in counterparty credit risk and/or credit portfolio management in a banking environment;
Strong quantitative skills, particularly with respect to counterparty credit risk metrics and calculations;
Strong knowledge of securities financing transactions and derivative products;
Working knowledge of credit risk modeling approaches used and applicable regulatory requirements for CCAR, CECL, Basel RWA, Regulatory Stress Testing or Economic Capital calculations;
Organizational skills and the ability to multi-task effectively in a high-volume and complex environment with changing priorities, with a practical solutions-driven approach;
Experience with stress testing (regulatory or business driven) and scenario design and implementation preferred;
Working knowledge of a programming language e.g. SAS, R, Python or SQL;
Experience leading and participating in cross functional projects, regulatory remediation, and audit corrective action plans;
Proven ability to partner and collaborate across the Firm, excellent influencing, facilitation, and partnering skills, with the ability to build relationships;
Due to the scale of responsibilities, the successful candidate will have strong tenacity, flexible, resilient under pressure, results orientated with the ability to deal with ambiguity and a diverse range of information in a fast paced and demanding environment;
The role demands a strong work ethic, analytical problem-solving skills and the person should have a high level of integrity to deal with highly confidential data and be able to demonstrate initiative and senior leadership.
Post-graduate education in Economics, Finance, Financial Risk Management, Financial Engineering or other quantitative discipline preferred.
Job Family Group: Private Client Product Services
Job Family: IF Margin & Sec Backed Finance
Time Type: Full time
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