APAC CRO Portfolio Management Senior Analyst - SVP APAC CRO Portfolio Management Senior Analyst - SVP …

Citi
in Hong Kong
Permanent, Full time
Last application, 18 Jan 22
Competitive
Citi
in Hong Kong
Permanent, Full time
Last application, 18 Jan 22
Competitive
Citi
APAC CRO Portfolio Management Senior Analyst - SVP
The APAC Chief Risk Officer (APAC CRO) is responsible for managing Citi's risk from a regional dimension with oversight of all the risks in Asia across Consumer, Commercial, ICG, and the Private Bank. The APAC CRO provides prudential supervision and strategic direction for the entire Independent Risk Management organization in Asia to ensure active identification and management of emerging and existing risks. The APAC CRO has primary interface responsibilities with the various regulators across Asia and is a key partner to the APAC CEO.

The Office of the APAC CRO carries out the mandate of the APAC CRO, acts as the primary risk contact for regional business and function heads, and coordinates across local legal entity specific governance constructs in the region including engagement at the country and legal entity levels. In partnership with businesses and other functions, the Office of the Asia CRO oversees Citi's adherence to US and local regulatory requirements as well as other internal and external policies in Asia.

The successful candidate will have the unique opportunity to work in the fast-paced environment of a growing team, contributing to the design and implementation of risk management initiatives within the APAC CRO's portfolio of countries. The role requires a comprehensive understanding of multiple risk stripes, businesses, and functions and their interactions. Excellent communication skills required to guide and influence decisions often at a senior level.

Examples of responsibilities are divided into three main areas as described below.

Responsibilities:

Risk Management Country Officer (RMCO) and Asia CRO Support
  • Provide effective support to RMCOs, country CROs and the Asia CRO. Successful candidates will demonstrate an aptitude for providing timely solutions and operating well in uncertain situations
  • Partner with RMCOs and country CROs to enhance the risk culture of their respective franchises by, amongst other things, driving consistencies in approach towards risk oversight/reporting and proactively identifying areas of improvements and facilitating transfer of best practices across global and regional operations
  • Work with Credit Risk, Operational Risk and Market Risk teams to enhance portfolio analysis capabilities
  • Develop an in-depth understanding of portfolios and provide insights and commentary to be included in risk materials prepared by the team
  • Contribute to and oversee the timely and accurate preparation of risk materials covering all relevant Risk Stripes for A) country Risk Management Committees and other relevant in-country management and governance committee meetings and B) ad hoc requests from senior management or regulators
  • Take ownership of information provided to RMCOs/CROs, assume responsibility for identifying and solving data remediation issues as required
  • Keep track of and coordinate the completion of action items arising from country risk committee meetings
  • Provide clear, concise, timely and actionable recommendations in response to requests received from RMCOs, stakeholders within APAC CRO Office and other functions
  • Promptly communicate and escalate any significant issues and breaches that may materially affect Citi's risk profile
  • Mentor and coach junior analysts in the Office of the APAC CRO

Risk Analytics
  • Identify and implement improvements in the measurement, aggregation, monitoring and presentation of risks undertaken by Citi entities in APAC in conjunction with global partners including those driving the Legal Entity Oversight Initiative
  • Work on complex analytical activities, including development of risk management information and integration of new data or combinations of existing data within processes, resulting in enhanced insights for management
  • Utilize Tableau to design visualizations, dashboards and data flows
  • Engage with O&T, Risk Reporting and other regional and global groups to support automation efforts and drafting business requirements for new/enhanced reports that more closely meet RMCO requirements with respect to evolving legal entity oversight expectations

Emerging Risks and Regulatory Landscape
  • Support Asia CRO Office's Stress Testing and Governance functions with respect to various initiatives
  • Represent region in internal working groups connected with Transformation initiatives and Climate Risk - advocate for regional requirements
  • Maintain a current understanding of regulatory themes across APAC with an awareness of each country's regulatory priorities, particularly with respect to Emerging Risks including notably Climate Risk
  • Identify solutions to emerging risk issues, changing priorities, project completion issues and areas of potential conflict with respect to approaches prescribed by global teams
  • Provide guidance and organise support at a global, regional and country level to respond to emerging risk issues
  • Design and implement frameworks that appropriately leverage global, regional and local resources and capabilities with respect to the remediation of emerging risks across Asia

Qualifications:
  • 6-10 years Risk experience in a global organization
  • In-depth knowledge of risk policies, regulatory frameworks, and banking products and services
  • Experience with coordinating internal audit & regulatory reviews, responding to requests and surveys
  • Experienced in partnering with global and/or regional peers to leverage and implement best practices
  • Broad understanding of classifiable and delinquency managed credit and operational policies and procedures, including a command of the collateral management process
  • Experience with issues resolution including root cause analysis, mitigation plans, and remediation activities
  • Experience in supervising or coaching junior analysts
  • Ability to interpret financial and risk reporting information
  • Demonstrated ability to distill technical concepts and results into intuitive, impactful, and easily digested messages for senior management, auditors, and regulators
  • Excellent English verbal and written communications skills; ability to succinctly present issues and status to managers
  • Proven time management skills, ability to work under pressure, and ability to cope with unpredictable but time sensitive requirements
  • Should have Excellent proficiency in Microsoft Office - particularly Excel (metrics and data analysis), PowerPoint (presentation decks), and Word (writing and editing procedural and technical documentation).
  • Thorough knowledge of credit source systems, collateral reporting systems, and end reporting/warehousing
  • Proficiency in Tableau, Power BI or other BI visualization tools
  • Familiarity with iCaps and any other existing databases used across businesses for tracking/monitoring issues
  • Education:
  • Bachelor's/University degree, Master's degree preferred

Attributes
  • Demonstrates strong ethics and integrity
  • Demonstrated ability to effectively voice and defend independent views and handle conflict
  • Excellent interpersonal and communication skills for interaction with senior management
  • Ability to effectively navigate organizational complexity, break silos and build partnerships across functional and business peers
  • Makes decisions using well-reasoned judgment under pressure and in a timely manner; identifies and assesses alternatives as part of the decision-making and escalation processes
  • Ability to adapt and perform well under pressure and through rapidly developing situations
  • Strong leadership skills and ability to influence and initiate change

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.


Job Family Group:
Risk Management
Job Family:
Risk Policy
Time Type:
Full time
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