Credit Risk Officer - Financial Institutions - Third Party Credit Risk

The Credit Risk Officer is responsible for reviewing, challenging and approving Financial Risk Assessments and Credit Approval Memos, and monitoring the portfolio to identify potential deteriorations in a third party's financial performance and ability to perform their contractual obligations to Citi. As a member of the Third Party Credit Risk Group (TPCRG), the Credit Risk Officer will be part of a Global Commercial Risk function within Business & International Risk (BIR). The function owns the Global Third Party Credit and Performance Risk Policy and establishes MIS & Reporting for contingent exposures through various types of third party relationships, such as suppliers, partners, alliances and joint ventures for Citigroup globally.

Responsibilities:

• Conduct Credit and Financial Performance Risk assessments of both prospective and existing third party relationships, including analyzing companies, industries, financial viability, Citi's contingent risks and contract protections

• Use Citi's proprietary systems & tools including Debt Rating Model (DRM), CitiRisk Financial, and Optima.

• Structure third party agreements and negotiate transactions.

• Conduct annual and/or quarterly reviews of Third Parties involved in critical activities for Citi

• Work with Citi Business units to establish effective action plans and contract language that mitigate Citi's risk.

• Assess quality of assigned portfolios, including identification and evaluation of emerging risks

• Provide autonomous assessment of the accuracy and appropriateness of risk ratings and classifications of the assigned portfolios

• Significant impact on the area through complex deliverables.

• Demonstrate Quality Assurance activities as Subject Matter Expert

Qualifications:

• Experience in Credit Analysis of Financial Institutions is preferred

• 6+ years of work experience, preferably in financial and/or credit analysis

• Strong quantitative/analytical skills in order to filter, prioritize and validate potentially complex material from multiple sources.

• Third party management experience would be a plus

• Experience with independent management of processes or projects

• Experience with interacting with senior management, regulators, internal and external audit.

• Advanced knowledge of Excel, knowledge of Tableau would be a plus

• Proven knowledge of credit risk measures and basic accounting

• Experience with internal risk / finance reporting systems (Optima, CitiRisk), system flows, data attributes would be a plus

• Ability to analyze data and present conclusions

• Excellent communication, presentation and writing skills

• Demonstrated ability to prioritize and remain organized in a fast-paced environment

• Good team player and excellent work ethics

Education:

• Bachelor's/University degree, Master's degree preferred

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:

Credit Decisions

Time Type:

Full time

Primary Location:

Jacksonville Florida United States

Primary Location Full Time Salary Range:

$103,920.00 - $155,880.00

In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

Anticipated Posting Close Date:

Oct 02, 2024

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