Collateral Risk Manager - Vice President at Citi

Job Summary:

The successful applicant will be responsible for supporting the credit risk management oversight of collateral eligibility and risk mitigation strategies across various businesses. This role involves performing reviews of collateral schedules, analyzing the adequacy of collateral coverage and associated metrics, identifying potential risks, including wrong way risk, associated with collateral, and contributing to the development of collateral risk management policies and procedures. The analyst will work closely with credit officers, portfolio managers, and other risk management professionals to ensure Citi maintains a robust collateral risk management framework.

Key Responsibilities:

• Collateral Review and Validation:
  • Perform reviews of collateral schedules and terms to ensure accuracy, completeness, and compliance with regulatory requirements and internal policies.
  • Validate collateral eligibility based on established criteria, including legal documentation, asset class and other applicable metrics.
  • Assess the adequacy of collateral coverage relative to loan amounts for given metrics and terms.

• Risk Identification and Assessment:
  • Identify and assess potential risks associated with collateral, such as market stress and wrong way risk, in conjunction with regulatory requirements.
  • Evaluate the impact of these risks on counterparty exposure on the overall credit portfolio.
  • Develop and implement strategies to mitigate identified collateral risks.

• Policy and Procedure Development:
  • Contribute to the development and maintenance of collateral risk management policies, procedures, and guidelines.
  • Ensure that policies and procedures are aligned with regulatory requirements and industry best practices.
  • Provide training and guidance to credit officers and other stakeholders on collateral risk management practices.

• Portfolio Monitoring and Reporting:
  • Monitor collateral performance across various businesses, identifying trends and potential areas of concern.
  • Prepare regular reports on collateral risk exposures, including concentrations, exceptions, etc.

• Data Analysis and Reporting:
  • Extract and analyze data related to collateral, and market trends.
  • Develop and maintain databases and analytical tools to support collateral risk management activities.
  • Prepare reports and presentations summarizing collateral risk exposures and performance.

• Regulatory Compliance:
  • Stay abreast of relevant regulations and guidance related to collateral eligibility, risk management, and valuation.
  • Ensure that collateral risk management practices comply with applicable regulatory requirements, including those issued by the OCC and FRB.
  • Assist with internal and external audits related to collateral risk management.

• Collaboration and Communication:
  • Collaborate with business, credit officers, legal counsel, and other stakeholders to address collateral-related issues and concerns.
  • Communicate effectively with internal and external parties regarding collateral requirements, policies, and procedures.
  • Participate in industry forums and professional development activities to stay current on collateral risk management trends and best practices.

Qualifications:

• Education: Bachelor's degree in finance, economics, or a related field.

Experience:

• Experience in credit risk management, collateral risk, capital or liquidity, or a related field a plus
• Experience with regulatory requirements related to collateral risk management (e.g. Uncleared Margin Rules).

Skills:

• Strong analytical and problem-solving skills.
• Excellent written and verbal communication skills.
• Proficiency in data analysis and reporting tools (e.g., Excel, Tableau).
• Knowledge of credit risk management principles and practices.
• Familiarity with collateralized markets products and collateral types.
• Ability to work independently and as part of a team.

Certifications (Preferred):

• Risk Management Certifications (e.g., FRM, CFA)