Settlement and Credit Monitoring Analyst
Risk Limit and Exposure Monitoring, ICG Risk Management
The Risk Management organization is an independent function within Citigroup, which partners with the business to actively manage market, credit, operational and franchise risk in a manner consistent with Citi's risk appetite. The Risk Management organization establishes the policies and guidelines for risk assessment and risk management, and ensures the appropriate controls and tools are in place to manage, measure and actively mitigate risks taken by the firm.
Institutional Client Group Risk Management (ICG) coverage includes Markets and Banking and consists of eight teams, including two portfolio teams
The ICG Risk Limit Monitoring/Credit Delivery Teams primary responsibility is to quickly react to situations where electronic FX/Derivative customers are unable to trade. We investigate the situation, interact with Markets Sales and Trading and Credit Risk Managers to either implement a solution to allow the customer to continue to trade within Risk appetite or stop trading.
The settlement monitoring analyst undertakes time sensitive data quality investigations with aim to removing barriers to trading caused by credit exposure data quality, or system process issues. This involves coordination with traders, risk management, technology and operations.
Specifically, the settlement monitoring analyst will monitor the FX Settlements exception queue for the FX trading locations in the region. They will investigate and advise operations on how to proceed with settlement and where necessary, facilitate credit approvals to proceed. The process is very time sensitive and must meet cut-off times for payment processing.
Work closely with portfolio risk managers and settlement operations to review and resolve settlement exposure breaches
Serve as subject matter expert in credit risk exposure monitoring, control and calculation in a trading environment.
Communicate with the technology on technical issues encountered and find a solution.
Develop a high degree of technical and policy understanding with respect to credit limit and exposure processing.
Manage assigned projects in a timely manner, ensuring that required deliverables are met.
Develop and maintain effective working relationships with colleagues in other areas of Risk.
Gain knowledge of industries covered in a diverse portfolio of Corporates, Banks and Financial Institution clients and risk management practices.
Develop understanding of financial market instruments and their inherent risks.
Gain knowledge of all capital market products.
Knowledge of credit exposure and how it is calculated in a trading environment is an advantage
Experience of FX and Derivative products and FX settlement operation process an advantage.
Experience in a data quality, investigations or query resolution role.
Prospective hires should be highly attentive to details, while being able to work under pressure and deliver timely and accurate results with high quality customer service.
Communicate effectively (oral and written) with demanding business partners and be able to provide timely information for them to make informed trading and credit risk decisions.
Individuals should demonstrate integrity and exercise sound decision-making and problem solving skills especially when working to aggressive timeframes in a high volume environment.
Competency with MS Excel.
Knowledge of Citi credit risk reporting and monitoring systems and/or operational systems an advantage(Eg, Citirisk, Flexcube)
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