SVP Enterprise Concentration Risk Management

Enterprise Concentration Risk Management (ECRM) is an enterprise-wide risk management function that encompasses credit risk, market risk, liquidity risk, and operational risk. ECRM is part of the overall Enterprise Risk Management (ERM) Organization.

The SVP Enterprise Concentration Risk Management - Identification and Monitoring is focused on supporting and enhancing the concentration risk framework at Citi. The individual will be responsible for providing concentration-related subject matter expertise in concentration risk management to relevant stakeholders with a focus on Liquidity Risk. The role encompasses:

• Reviewing and challenging concentration risk identification framework (including any metrics) in coordination with risk and business management.
• Monitoring existing and emerging concentration risks to develop relevant concentration risk-driven narrative for Senior Management (monthly) and to the Citi/CBNA Board (quarterly) reports.

As the SVP Enterprise Concentration Risk Management, you will play a critical role in identifying, assessing, and mitigating risks across Citi. You will collaborate with senior leadership across multiple risk stripes and various business units to ensure effective risk management practices. If you have a strong background in ERM, particularly within the banking sector, and can communicate complex risk concepts persuasively, we would love to hear from you!

Responsibilities:

• Risk Assessment and Identification - Conduct comprehensive risk assessments, considering both internal and external factors to identify material/emerging concentration risks, evaluate their potential impact, and recommend appropriate risk mitigation strategies across risk stripes.
• Risk Monitoring and Measurement - Lead robust review and challenge sessions with key stakeholders across Liquidity Risk to enhance concentration-related key risk indicators (KRIs) and monitor their exposure.
• Risk Reporting and Communication - Prepare clear, concise, and compelling risk reports for senior management and the Board by synthesizing key concentration issues that impact Citi. Articulate complex risk issues in a way that resonates with diverse audiences.
• Regulatory Compliance - Prior experience with implementation of frameworks related to OCC's Heightened Standard is extremely desirable. Knowledge of regulatory requirements around management of Concentration Risks at large banks is required.
• Adherence to Policy and Procedures - Ensure all monitoring and reporting procedures align with ECRM risk policies and work effectively with individual business risk policies as they pertain to ECRM.

Qualifications:

• Strong background in Financial Risk Management with at least 4 years of hands-on experience in Enterprise Risk Management.
• 10+ years of Risk Management experience at large banks.
• Broad understanding of different risk stripes (e.g., credit, market, operational) within ECRM framework, with solid expertise in Funding Liquidity Risk Management.
• Familiarity with Regulatory expectation around Concentration Risk will be extremely helpful.
• Strong analytical skills and the ability to link common risks across different risk areas.

Education:

• 8-12 years relevant experience.
• Bachelor's degree/University degree or equivalent experience.
• Master's degree preferred.
• Certified Risk Professional (CRP), Financial Risk Manager (FRM), or similar certifications is desirable.

Job Family Group: Risk Management

Job Family: Portfolio Credit Risk Management

Time Type: Full time

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