Citi SVP, Credit Review Portfolio Manager in Fort Lauderdale, Florida
Primary Location: United States,Florida,Fort Lauderdale
Other Location: United States,Texas,Irving
Education: Bachelor's Degree
Job Function: Risk Management
Shift: Day Job
Employee Status: Regular
Travel Time: Yes, 25 % of the Time
Job ID: 17065201
Description: Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citi’s Mission and Value Proposition at http://www.citigroup.com/citi/about/mission-and-value-proposition.html explains what we do and Citi Leadership Standards at http://www.citigroup.com/citi/about/leadership-standards.html explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients’ and the public’s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop to are widely available to all.
Fundamental Credit Risk (FCR) provides independent, objective, reliable, valued, and timely assurance to the Boards of Directors of Citigroup and Citibank, the Risk Management Committees, the Citigroup Chief Risk Officer, the Citigroup Chief Credit Officer, senior management, and regulators over the effectiveness of credit risk management and the ability of the Business and Independent Risk to identify, monitor, and mitigate current and emerging credit risks across Citigroup and Citibank.
The Credit Review Senior Manager is responsible for independently managing all aspects of his or her assigned Review Entities. Responsibilities include execution of Business Monitoring and Reviews in accordance with the FCR Manual, monitoring and evaluation of GCG Retail Bank portfolios, strategies, and credit risks, assessment of the effectiveness of credit risk management of assigned businesses, proposal of pragmatic solutions to risk and control issues, and maintaining ongoing contact with a Review Entity’s management through continuous Business Monitoring and corrective action follow-up where applicable.
Management of assigned FCR Review Entities through quarterly Business Monitoring and periodic Reviews
Assessment of the quality of assigned portfolios and relationships, including identification and evaluation of emerging risks
Assessment of the quality and adequacy of credit analysis and exposure analysis as well as accuracy and appropriateness of risk ratings of Retail Entities.
Assessment of the appropriateness, completeness, and usage trends of the credit risk components of the Risk Appetite Framework for assigned Review Entities
Assessment of the effectiveness of the credit risk processes and standards of assigned entities to promote leading practices and identify opportunities for improvements
Assessment of Business and Risk staffing levels to determine the effects on assigned Review Entities
Preparation of Credit Assessment Documents in accordance with and at the quality standards required by the FCR Manual and Review Guides
Approval of testing prepared by FCR Credit Risk Analysts and Guest Reviewers
Evaluation of the appropriateness of Corrective Action Plans resulting from Reviews or Business Monitoring, and subsequent validation of the effectiveness of the same after implementation by the Business
Accountability for the quality and consistency of work products that include Credit Assessment Documents, Sample Rationale Documents, and Fundamental Credit Review Reports created for the assigned Review Entities
Support of Credit Review Portfolio Managers, Regional Directors, and FCR Management on regional and/or global tasks
Proactive communication to Credit Review Portfolio Managers and FCR Senior Management of any concerns and/or emerging risks that may jeopardize the assigned Review Entities
Travel required (15% to 50% depending on Region)
Demonstrable financial services experience including 6-8 years of credit experience in retail banking,
Good knowledge of retail banking products
Fully conversant in credit policy matters with proven sound judgment
Regulatory experience or relevant experience in a similar role at another institution is desirable
Strong analytical skills, with the ability to identify root causes and trends and anticipate horizon issues
Strong project management skills, with the ability to coordinate and manage large review teams
Strong written and verbal communication skills, with the ability to communicate clearly and concisely to audiences of varying levels of seniority
Strong interpersonal skills, with the ability to build relationships and exert influence without direct authority
Proficient in Microsoft Office (Word, Excel, and PowerPoint)
Language skills preferred, depending on region
- BA/BSc or higher in business, finance, or a related field
Senior Credit Officer qualification preferred