(SAS required) Wealth Lending In-Business Risk Stress Testing, Credit Portfolio Sr. Analyst, AVP
Citi · Hong Kong · 29d ago
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Citi Wealth brings together the full power of Citi to serve the entire continuum of wealth clients, from affluent to ultra-high net worth to family offices. The strategies we create help our clients maintain liquidity while maximizing yields, transact in foreign currency and across borders, and manage fluctuating expenses or cash flow. We are uniquely suited to helping our clients meet their banking needs across regions through our global network.
We’re currently looking for a high caliber professional to join our team as AVP, Wealth Lending In-Business Risk Stress Testing, Credit Portfolio Sr. Analyst (Internal Job Title: Credit Portfolio Sr Analyst - C12) based in Hong Kong. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
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In this role, you’re expected to:
The Credit Portfolio Senior Analyst is an intermediate-level position responsible for supporting regulatory stress testing exercises, loan loss reserve forecasting, and credit cost planning and outlook activities for the Wealth Lending Credit Risk portfolio. The role also provides model risk management oversight for loan loss forecasting models used in stress testing and reserve estimation processes.
Responsibilities:
Perform regular monitoring & validation on the performance of the Wealth Lending loss forecasting models (CCAR/ICAAP/SDST/IFRS9/CECL usages).
Support Model development/validation/ annual renewal / On-going performance monitoring Projects and address model limitations.
Support regular stress test exercises (CCAR, ICAAP, SDST), Loan loss reserve calculation, and Budget planning for Credit Cost Projection.
Produces analytics and reporting used to address model limitations.
Maintain compliance with Citibank model risk policies/procedures, regulatory policies and prepare, update, and ensure approval of all internal policy and procedure changes, keeping proper change and approval logs.
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.
Recommended Qualifications:
5-8 years of experience in model risk management within Wealth Lending portfolios, including hands-on experience with credit loss forecasting models and frameworks such as CCAR, ICAAP, CECL, and IFRS 9.
Knowledge of commercial risk analytics
Highly numerate, good communication, interpersonal skills and ability to motivate others with leadership potential
Sound knowledge in SAS programming, data mining and MS word / excel / access / power-point is a must
Demonstrated accountability, self-motivation, and detail oriented.
Minimal travelling and working hours in the office may be required during projects.
High levels of prolonged and intense concentration may be required in front of computer.
Education:
Bachelor or post-graduate degree in Business, Statistics, Data Science or other related quantitative disciplines
Working at Citi is far more than just a job. A career with us means joining a family of dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.
Take the next step in your career, apply for this role at Citi today
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Portfolio Credit Risk Management------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Analytical Thinking, Credible Challenge, Governance, Policy, Procedure, and Regulation, Portfolio Analysis, Risk Management Lifecycle.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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