In Business Credit Risk Quality Assurance Data Analyst For Wealth Management

Year    Mumbai, Maharashtra, India

Job Description


Citi Private Bank

Citi Global Wealth (CGW) is a trusted advisor to the world\xe2\x80\x99s wealthiest, most influential Individuals and families. Like Citi\xe2\x80\x99s government, institutional and multinational corporate clients, CGW clients

receive bespoke service and access to the best ideas and solutions tailored to their unique needs and

aspirations. CGW offers a wide range of products and services covering capital markets, managed

investments, portfolio management, trust and estate planning, investment finance and banking. Among its select clients are a third of the world\xe2\x80\x99s billionaires, many of whom are globally minded entrepreneurs with an expectation of an institutional level of service, who take advantage of Citi\xe2\x80\x99s integrated approach to wealth management. CGW is represented by more than 1,000 private bankers, investment professionals and product specialists across a network of 90 offices in 33 countries and over 128 currencies worldwide, making it the most global private bank.

Job Purpose:

  • Wealth Credit Management (WCM) is an integral part of the credit management organization for Global Wealth Management (GWM).
  • The WCM mandate is to deliver best-in-class credit risk analysis, monitoring, and credit administration to Citi Private Clients globally, partnering with Independent Risk Management.
  • The WCM Quality Assurance function (QA) verifies that established standards and processes are followed and consistently applied. GWM Management use the results of the quality assurance reviews to assess the quality of the group\xe2\x80\x99s policies, procedures, programs, and practices as relates to end-to-end risk analysis. The results help management identify weaknesses and risks associated with the credit analysis function, training needs, and process deficiencies, among others.
  • The successful candidate will need to be a self-starter, who can successfully work in a team environment, sometimes under time constraints, and be able to ensure adherence to all processes and procedures.
Job Background/Context:

The Wealth Credit Management (WCM) team within CGW supports the offering of a diverse range of

lending products including margin and securities-backed finance, commercial and residential real estate finance, aircraft, subscription credit facilities and art-backed finance, among others.

Key Responsibilities:
  • Identification and escalation of exceptions and issues as it relates to non-compliance with business procedures, policies, and guidelines.
  • Liaise with IF Specialists to confirm and resolve fails, and issues identified through the QA Review.
  • Assist with Internal Audit and Fundamental Credit Risk deliverables
  • Support activities related to corrective actions
  • Contributes to the development of new processes and the improvement of existing processes and workflows.
  • Mines and analyses data from various banking platforms to drive optimization and improve data quality.
  • Delivers analytics initiatives to address business problems with the ability to identify data required, assess time & effort required and establish a project plan.
  • Consults with business clients to identify system functional specifications. Applies comprehensive understanding of how multiple areas collectively integrate to contribute towards achieving business goals.
  • Consults with users and clients to solve complex system issues/problems through in-depth evaluation of business processes, systems, and industry standards; recommends solutions.
  • Leads system change process from requirements through implementation; provides user and operational support of application to business users
  • Impacts the business directly by ensuring the quality of work provided by self and others; impacts own team and closely related work teams.
  • Considers the business implications of the application of technology to the current business environment; identifies and communicates risks and impacts.
  • Drives communication between business leaders and IT; exhibits sound and comprehensive communication and diplomacy skills to exchange complex information.
  • 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 behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Development Value:

For the right individual, this role provides an excellent opportunity to further develop a career in the lending space, as well as new quality assurance and control skills that are applicable in corporate, commercial and wealth management financial institutions, with the added benefit of being able to see the entire breadth of the loan product offering in a portfolio management capacity.

Qualifications:
  • BA/BSc or higher degree in Business, or another related subject.
  • 5-8 years\' experience using tools for statistical modelling of large data sets
  • Ability to effectively use complex analytical, interpretive, and problem-solving techniques
  • Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
Competencies:
  • Excellent working knowledge of Excel, Word, and PowerPoint
  • Excellent communication (written and verbal)
  • Strong interpersonal and organizational skills
  • Excellent attention to detail
  • Ability to work under pressure to tight deadlines
  • Demonstrates initiative with an interactive approach to problem solving
  • Team player with strong initiative
  • Ability to work unsupervised
  • Embracing of change
  • Ability to manage work across different time zones, including North America, Europe, and Asia
  • Working knowledge of core Citi Global Wealth credit systems and applications desirable but not essential.


Job Family Group: Technology



Job Family: Data Quality



Time Type: Full time



Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi\xe2\x80\x9d) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review .

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Job Detail

  • Job Id
    JD3052018
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Mumbai, Maharashtra, India
  • Education
    Not mentioned
  • Experience
    Year