What are the responsibilities and job description for the Wealth - WCM Portfolio Strategy Officer - VP - NEW YORK position at Citigroup, Inc.?
The role sits within the Wealth Credit Management team of Citi Global Wealth, a Division of Citi focused on serving the needs of clients across the entire wealth spectrum. It has been created by combining the Wealth Management businesses across Consumer Bank and Citi Private Bank.
Job Background / Context
The Wealth Lending business provides financing against liquid and marketable securities as well derivative products to the whole wealth spectrum of clients ranging from the affluent up to the Ultra High Net Worth segment.
We are looking for strong candidates to drive the development of portfolio analytics and execution of the portfolio reviews and early warning indicators process. The successful candidate will have the opportunity to contribute to our growing business, benefiting from Citi's considerable strengths and footprint in serving affluent and HNW clients.
The role sits within the Portfolio Strategy team within Wealth Credit Management (WCM), serving as a critical component of our First Line of Defense for Counterparty Credit Risk (CCR) management, and working with our Business and Independent Risk partners to ensure best-in-class risk and controls, as well as client responsiveness. The role will focus on the execution of the Early Warning Indicators (EWI) framework for Wealth CCR and specifically on :
- Defining and implementing EWI metrics and analytics for Wealth CCR exposures;
- Managing the EWI process as it relates to metric generation and analysis, and escalating to 1LOD and 2LOD stakeholders for remediation;
- Lead the execution and delivery of the Technology solution needed to implement the risk metrics needed for EWI monitoring, liaising with the relevant Risk Management teams in Second Line and Technology teams as needed;
The scope of responsibilities and scale of this team will evolve over time to continue to meet our needs.
Key responsibilities :
Work experience and competencies :
Education :
Job Family Group : Risk Management
Job Family :
Credit & Portfolio Risk Management
Time Type : Full time
Primary Location :
New York New York United States
Primary Location Full Time Salary Range :
129,840.00 - $194,760.00
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.
Anticipated Posting Close Date :
Dec 27, 2024
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Salary : $129,840 - $194,760
