Credit Risk Senior Officer I

Citi•Irving, TX

1d•Hybrid

About The Position

Citibank, N.A. seeks a Credit Risk Senior Officer I for its Irving, Texas location. This role involves evaluating and managing credit risk across the Wealth Wholesale portfolio, including reviewing internal risk ratings, classifications, portfolio limits, and exceptions. The officer will conduct independent and unbiased assessments of credit risk, analyzing credit limits, exposure components, and collateral details, while ensuring data integrity in internal credit systems. A key aspect of the position is supporting the oversight of the end-to-end credit risk rating lifecycle, which includes engaging with the Model Developer team as a Model Sponsor to develop or update internal Risk Rating Models. The role also entails reviewing various model-related documentation such as Ongoing Performance Assessments, Model Development Documentation, Annual Model Reviews, and managing projects for the implementation of Risk Rating models in Citi's systems for underwriting processes. The Senior Officer will develop and maintain model controls, ensure adherence to internal credit risk policies, and evaluate the effectiveness of credit risk management practices. Furthermore, the position requires evaluating Corrective Action Plans from Credit Reviews or Quarterly Business monitoring and validating their effectiveness. Leading risk reporting projects to provide strategic insights into the credit portfolio, identifying emerging risk trends, and redesigning existing reports are also critical. Finally, the role involves leading activities related to Enterprise Risk Management, including the Risk Appetite Statement, Assessment, and Limits. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite.

Requirements

Master’s degree, or foreign equivalent, in Business Administration, Finance, Economics or related field and 8 years of experience as a Credit Portfolio Officer, Credit Risk Senior Officer, Country Risk Senior Officer, Management Reporting Senior Analyst, Equity Research Analyst, Program Head or related position involving project management.
Alternatively, a Bachelor’s degree in Business Administration, Finance, Economics or related field and 10 years of progressively responsible, post-baccalaureate experience in the stated positions.
2 years of experience must include: Credit risk assessment, monitoring and reporting for a global financial services institution.
2 years of experience must include: Various Credit Risk Models including Risk Rating models, stress loss models, and ECL (Expected Credit Loss) models including IFRS9, CECL.
2 years of experience must include: Credit risk concepts, including probability of default (PD), loss given default (LGD), and exposure at default (EAD), to enhance risk models and methodologies.
2 years of experience must include: Credit Analysis and developing Credit Risk Policies and Procedures.
2 years of experience must include: Statistical, qualitative and quantitative analytical skills including regression analysis.
2 years of experience must include: Financial Modeling, Financial Statement Forecasting, Macroeconomics.
2 years of experience must include: Technologies including Tableau.
2 years of experience must include: Enterprise Risk Management.
2 years of experience must include: Ad-hoc reporting for senior management.
2 years of experience must include: Leading risk reporting initiatives.

Responsibilities

Evaluate and manage credit risk across the Wealth Wholesale portfolio, including review of internal risk ratings, classifications, portfolio limits, and exceptions.
Conduct independent and unbiased assessments of credit risk, analyzing credit limits, exposure components, collateral details and ensuring data integrity in internal credit systems.
Ensure that all relevant credit-related data is accurately reflected in internal credit systems.
Support oversight of the end-to-end credit risk rating lifecycle, including Risk Rating Processes and Risk Rating Models.
As Model Sponsor, engage with Model Developer team to develop or update internal Risk Rating Models.
Review Ongoing Performance Assessment, Model Development Documentation, Annual Model Reviews, Limitation remediations and model changes for the Risk Rating Models.
Manage projects for implementation of Risk Rating models in Citi's systems for use in underwriting processes.
Develop and maintain model controls.
Ensure adherence to internal credit risk policies and frameworks and evaluate the effectiveness of credit risk management practices.
Evaluate the appropriateness of Corrective Action Plans resulting from Credit Reviews or Quarterly Business monitoring, and subsequent validation of the effectiveness of the corrective actions after implementation by the management.
Lead the risk reporting projects to transform risk reporting to provide strategic insights into the credit portfolio, and to identify emerging risk trends with the Wealth Wholesale portfolio.
Redesign and enhance existing risk reports.
Coordinate timelines and workflows with Risk Reporting team to ensure timely delivery of recurring reports.
Lead activities related to Enterprise Risk Management, including Risk Appetite Statement, Risk Appetite Assessment, and Risk Appetite Limits.