AVP - Intraday/Settlement Analyst - Intraday Control Team

Citi • Getzville, NY

7d

About The Position

In Business Risk -Credit and Price Risk Execution (IBR) is looking for an individual with Counterparty Credit Risk Exposure Monitoring experience within initiatives designed to enhance credit risk controls. In this role, the candidate will be part of Intraday Control Team (ICT) within the 1st Line of Defense Markets (1LoD). The ICT is a global, business-aligned team established to provide intraday support to Markets Sales and Trading with the objective to help preventing end-of-day credit limit breaches and proactively facilitating intraday pre-trade approvals and limit excess repair and minimizing disruption to client trading. ICT will help drive best practices and consistency by working with each business to develop a consistent approach to credit risk management, controls, and governance to drive targeted infrastructure and process enhancements. In this role, the successful candidate will provide regional support as intraday coverage for this function expands and new technology enhancements are delivered to streamline intraday limit excess repair capabilities. The successful candidate will have a controls and counterparty credit risk background as well as experience in collaborating with Markets trading businesses, 2nd Line Credit Risk, and Operations/Technology.

Requirements

• Bachelors degree; 5-8 years of experience
• Thorough understanding of risk and control assessments.
• Proficiency in diagnosing root causes and developing corrective actions.
• Comprehensive knowledge of operational and compliance risks.
• Deep awareness and understanding of the industry's laws, rules, and regulations.
• Proven track record in evaluating business changes and managing risk exposures. Experience in monitoring control breaches and leveraging lessons learned for process improvements.
• Demonstrated experience in implementing governance mechanisms to manage risk profiles.
• History of enforcing compliant standards and procedures in risk management.
• Working proficiency in using software for risk assessments, data analysis, and reporting. Skills in leveraging statistical tools for analyzing risk-related data and drawing useful insights.
• Ability to create clear, concise, and comprehensive documents, reports, and procedural manuals related to risk management.
• Proficiency in Excel for sorting, filtering, and analyzing risk management data.
• Skills in managing databases for storing and accessing risk-related data

Responsibilities

• Monitor Intraday Counterparty Credit Exposures against limits.
• Investigate, validate and resolve credit excesses, coordinating 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.
• Undertake time sensitive data quality investigations to remove barriers in trading caused by credit exposure data quality, or system process issues. This involves close coordination with Trading, Sales, Risk Management, Technology and Operations.
• Monitor the settlements exception queue for each Markets business trading location in the region. 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.
• Provide subject matter expertise in credit risk exposure monitoring, control and calculation in a Markets trading environment.
• Develop a high degree of technical and policy understanding with respect to credit limit and exposure processing.
• Perform credit excess analytics and produce ICT MI reporting various Counterparty Credit Risk Management Forums.
• Develop and maintain effective working relationships with colleagues across 1 and 2LoD. Engages key stakeholders early and often and actively looks for opportunities to improve collaboration in achieving common goals.
• Proactively seeks out opportunities to volunteer in Citi programs that support the community; advocates for solutions that meet the needs of Citi’s clients and the community.
• Enthusiastically promotes the unique needs and preferences of colleagues; makes active commitment to help colleagues achieve balance, well-being, and development.
• Leverages varied networks to recruit diverse talent; advocates for colleagues with diverse skillsets, styles, and experiences to gain career opportunities. Empathetically listens and understands others’ positions before acting on issues; works to amplify voices that are minimized in the workplace
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of teams and create accountability with those who fail to maintain these standard

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees