Enterprise Concentration Risk Manager, Citi

Citi

Location:
Canada, Mississauga

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

The SVP Enterprise Concentration Risk Management is focused on supporting and enhancing the concentration risk framework at Citi for Wholesale Credit Risk. The role entails reviewing and challenging the concentration risk identification framework, monitoring existing and emerging risks, preparing reports for senior management and the Board, and ensuring the alignment of policies and procedures with ECRM risk policies. A comprehensive understanding of risk management principles, leadership skills, and familiarity with regulatory requirements are required.

Job Responsibility:

Conduct comprehensive risk assessments, considering both internal and external factors to identify material / emerging concentration risks, evaluate their potential impact, and recommend appropriate risk mitigation strategies
Prepare clear, concise, and compelling concentration risk analysis within the Wholesale Credit Risk to be shared with senior management and the Board
Articulate complex risk issues in a way that resonates with diverse audiences
Lead robust review and challenge sessions with key stakeholders across Wholesale Credit Risk to enhance concentration related key risk indicators (KRIs) and monitor their exposure
Lead review and challenge of transaction approvals with a focus on concentration risk implications
Prepare high-quality materials for senior management, board-level committees, audits, and regulatory communication, while ensuring the accuracy and relevance of the information presented
Ensure all monitoring and reporting procedures align with ECRM risk policies and work effectively with individual business risk policies as they pertain to ECRM.

Requirements:

10+ years of experience
Familiarity with Portfolio Management within Wholesale Credit Risk
Experience in transaction approval highly preferred
Comprehensive understanding of risk management principles and practices, particularly in relation to risk appetite frameworks
Demonstrated ability to plan, oversee, and execute complex programs involving a wide range of stakeholders
Experience in leading the execution of risk management or transformation programs
Familiarity with coordinating day-to-day program activities and managing working groups and stakeholder meetings
Proficiency in preparing high-quality materials for senior management, board-level committees, audits, and regulatory communication
Experience in partnering with internal teams to deliver program requirements and manage issue resolution
Proven capability to escalate program risks as appropriate
Experience in supporting regulatory and audit reviews at various levels
Strong leadership and management skills to drive transformation efforts and lead complex programs
Excellent analytical skills to assess and manage risks associated with the Concentration, risk appetite and Limits frameworks
Superior communication and collaboration skills for working with a wide range of stakeholders and conveying information effectively to senior management and board-level committees
Proficiency in planning, organizing, and coordinating program activities and stakeholder meetings
Detail-oriented with the ability to prepare high-quality materials for audits and regulatory communication
Strong critical thinking skills to manage issue resolution and corrective actions
Ability to escalate program risks appropriately after careful review and assessment
Proficiency in using relevant software and tools for risk management
Strong decision-making skills, incorporating risk considerations and the firm's expectations
Ability to work under pressure, with excellent time management skills to ensure on-time delivery of program requirements
High ethical standards and professionalism, with the ability to support regulatory and audit reviews.

Nice to have:

Prior experience with implementation of frameworks related to OCC's Heightened Standard is extremely desirable
Knowledge of regulatory requirements around management of Concentration Risks at large banks is required.

Additional Information:

Job Posted:
August 23, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Enterprise Concentration Risk Manager