Corporate Credit Head Europe - London, United Kingdom - Citi

Citi
Citi
Verified Company
London, United Kingdom

2 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

Wholesale Credit Risk (WCR) is an integral part of the Risk organization managing credit exposure of Citi's Wholesale clients across the globe.

The EUROPE & UK Head of Corporate Credit is primarily responsible for credit analysis, credit approval, and active of the portfolio to identify credit migration.

The EUROPE & UK Head reports into the Global Head of Corporate Credit.


The EUROPE & UK Head of Corporate Credit will manage Citi's wholesale credit risk exposure to Corporate clients across Europe & UK, as well as regional Public Sector and Financial Institutional exposures in coordination with the Public Sector Risk Team and the Counterparty Credit Risk organization in the countries where we do not have specific coverage from these organizations.

The portfolio consists of Credit sensitive products and services include loans, derivatives and other capital markets products, trade finance, clearing and settlement, cash, and securities services.


The EUROPE & UK Head of Corporate Credit is expected to have a proven experience as a leader and influencer, solid credit risk management knowledge and exceptional understanding of Citi's wholesale credit risk policies and processes.


Key Responsibilities

  • Managing all global Credit based risks for EUROPE & UK Corporate clients on CBNA, CEP, CGML and other relevant bank chain and Corporate chain legal entities across the firm covered by the BCMA organization. The EUROPE & UK Head of Corporate Credit will be responsible for Credit Risk management for corporate clients and overseeing the framework by which Credit Risks are escalated, quantified, and assessed
  • Leading Credit Risk for corporate EUROPE & UK, with participation in all key regional governance, management, and decisionmaking forums
  • Maintain a solid control environment in the region, working in coordination with the WCR Control team and Business, including ICM
  • Represent Wholesale Credit, when appropriate, on committees and forums such as the Institutional Client Group Risk Management Committee and the New Product Approval Committee
  • Provide Senior Risk Approvals as a Senior Credit Officer Level 1 (SCO L1) and Portfolio Head
  • Manage a large team of direct and matrix reports, including Global Industry Specialists, across Europe, with responsibility for ensuring adequacy of staffing, risk training, talent mentoring and development
  • Provide guidance to SCOs and COs on specific transactions and overall risk appetite for clients
  • Actively help manage and enhance the risk/return of specific transactions and the risk profile of the portfolio as a whole
  • Develop and Implement hedging or selldown strategies as it relates to specific clients, countries, or sections of the portfolio
  • Stay wellinformed of industry, product, macroeconomic, and regulatory developments to properly position the portfolio
  • Manage the portfolio in the context of regional and global risk trends and business opportunities, utilizing and implementing relevant tools including country, industry, and product Stress Testing

Skills/Competencies

Credit/Management:


  • Deep understanding of Credit Risk, Operational Risk, controls
  • Solid knowledge of Wholesale Credit processes and Organizational awareness
  • Proven track record to build and lead successful global teams
  • Methodical and proactive, with ability to negotiate and resolve conflicts
  • Forward planning and strategic thinker when faced with new political and economic issues affecting the business
  • Develops, sets, and executes priorities, in line with company goals and mission/culture statement
  • Exceptional understanding of credit policies and procedures

Leadership:


  • Recognized as a skilful senior manager who effectively delegates, provides feedback and coaches the team proactively
  • Assesses and identifies top talent to add to the team, and actively seeks talent with diverse backgrounds and experiences
  • Proactively engages team, partners, and other seniors to collaborate across the organization and takes a holistic clientcentric approach
  • Creates alignment and transparency across the team by openly communicating both team and individual goals and development areas
  • Demonstrates, implements, and adheres to the control environment. Identifies gaps and proactively raises issues to remediate operational risks
  • Proven culture leader and carrier

Competencies:


  • Highly Effective interpersonal skills, with the ability to build relationships and exert influence with and without direct authority with Senior Levels of Management
  • Solid organizational skills with ability and willingness to work under pressure and manages time and priorities effectively
  • Exceptional written and verbal communication skills, with the ability to communicate clearly and concisely to audiences of varying levels of seniority
  • Senior Credit Officer Level 1 or a SCO L2 with a clear path to L1

Qualifications:


  • Bachelor's degree required, preferably in business, financ
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