CRMS is a first line organization that is part of Institutional Credit Management under ICG Business and works through the challenges of the Wholesale Credit Risk Lending processes with the aim of transforming the credit risk process flows including but not limited to credit facility management, legal documentation, collaterals and risk reporting. The scope of responsibilities and scale of this team will evolve over time to continue to meet our needs. Importantly, ICM will coordinate with credit management groups across ICG businesses to ensure full alignment on business and regulatory goals, as well as consistency and best practices where appropriate.
Our mandate to create a world class, end-to-end wholesale credit management platform. The analyst is expected to bring in fresh thoughts, newer perspectives and drive the transformation agenda ahead.
The job involves managing processes relating to Local Regulatory credit risk reporting and monitoring and handling Global Risk data reporting requirements. The profile demands awareness an in-depth understanding and application of Banks' Credit Policy, Local Regulations as issued by RBI from time-to time, operational risk elements and knowledge of products and systems.
Key Responsibilities:
Ensure accuracy and integrity of credit data submitted to RBI, Statutory Audit and CIC in a timely manner and in accordance with the Bank's credit policy and extant RBI norms
Manage credit risk data quality and reporting in Citi's risk systems (OPTIMA, Credit Engine)
Drive automation of reports by working with the technology team. Closing out on requirements by closely coordinating & guiding the technology team to deliver the report with accurate output
Ensuring adherence of IRAC (Income recognition and Asset classification) Norms for delinquent SMA/NPA accounts & timely reporting to RBI
Ensure there are strong controls and processes to monitor regulatory exposure limits viz. Sensitive Sectors (real estate, capital markets), NBFC, Borrowing limits to ensure exposures are tracked within the thresholds specified in Local credit policy and extant regulations and timely reporting of breaches to Senior Management
Managing the deliverables relating to RBI inspection, Statutory Audit, Head Office Internal Audit etc. Interact with internal and external auditors in providing timely information to the queries and data requirements
Partner with the Technology team to drive automation within the reporting processes.
Ensure timely and comprehensive escalation and follow through mechanism for resolving issues concerning data inaccuracy and delays in regulatory and global reporting
The candidate would need to possess:
Advanced analytical, organizational and interpersonal skills with an eye for detail
Advanced spreadsheet and modeling skills with sound knowledge of technical system architecture for suggesting and implementing enhancements which assist the unit head to derive efficiencies
Up to date on new developments viz. policies, regulatory changes by reading extensively, building cross functional expertise in other areas of CRMS
Strong interpersonal skills, including ability to work independently, multitasking, demonstrate attention to detail & meet timelines
Highly proficient written and verbal communication skills, including ability to communicate concisely, removing uncertainty and ability to coordinate within teams across businesses
Analytical and problem-solving skills
Ability to manage, partner and drive complex projects with internal departments and/or third-party vendors
Have a solution-oriented approach
Sound understanding of robotics/AI, this is to allow for ideation and further implementation of such tools in markets operations
Key stakeholders - Business, Risk, Finance and Compliance.
Req Qualifications:
4-6 years of relevant experience
CA (1st attempt) / MBA - Tier 1 only
Knowledge of BFSI sector
Working knowledge of risk management concepts
Job Family Group: Risk Management
Job Family: Risk Exposure Monitoring & Management
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.
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