Managing Director, Risk Management, China Chief Risk Officer (CRO)

China Citi Country Officer (CCO) and Banking Head. Partnering with the C0CO, CRO’s role is to keep the franchise safe and sound, liaise with local regulators for all risk matters, and ensure full compliance with local regulatory guidelines. The China CRO represents the interests of the China franchise in risk management and regulatory matters while ensuring timely escalation and resolution of franchise-level risk issues. The China CRO partners closely with the ANA Cluster Risk Head and other members of the Cluster and Global Risk Management senior leadership team on various projects and initiatives. The China CRO will also be responsible for managing the wholesale credit risk portfolio and have direct approval and ongoing monitoring responsibilities for the Corporate Credit and Public Sector portfolios.

Based in Shanghai, the China Chief Risk Officer (CRO) will have a direct reporting line to the China Citi Country Officer (CCO) and Banking Head and a matrix reporting line to the ANA Cluster Risk Head. Key responsibilities of the China CRO are as follows.

• Holistic Franchise Level Risk Management: Manage all franchise level risks across businesses, products and functions (credit, market, liquidity, operations, franchise, reputational and others).  Serve as the country’s lead Risk person for all franchise-level risk issues and serve as the primary representative of Risk Management on applicable local boards, committees, and councils. Provide oversight for the Independent Risk Management organization for all businesses in China; support franchise goals within acceptable risk parameters and appetite and in compliance with Citigroup risk Policies and Standards.  Ensure overall risk management at the legal entity level including risk management framework and risk appetite.  
• Credit Reviews and Approval: Reviewing and approving credit memos for local obligors in capacity as Risk SCO2.
• Portfolio Management activities: Coordinate the identification, sharing, and vetting of common risk concerns and sensitivities and the development of coordinated solutions in response to factors such as adverse developments in local regulatory and political landscapes and deterioration in industry lending practices.  Managing overall portfolio activities including periodic assessment of performance of obligors, ongoing monitoring of tripwires/triggers/covenants, review of classification memos, stress tests and portfolio level risk reporting and monitoring. Reviews of the portfolio with WCR and Other Risk/Business Seniors.  Co-ordination of the annual Country Risk Committee review held with the Citi CRO for all limit setting for the country.

• Policy/Regulatory Work : Single-point contact for all risk matters with the local regulators. Managing all local regulatory governance matters and policies from a risk perspective, interactions and interface with the regulators, ad-hoc submissions, ICAAP, IFRS9 and other regulatory deliverables.  
• Partnerships : Build deep partnerships with a range of senior management, including the CCO, Country Business/Product Heads, Country Functions, and senior partners across all Risk stripes. Regular interaction with IA and FCR. 
• Leadership : Directly manage a team of senior risk professionals across different risk stripes, including Risk SCOs.  Responsible for the  overall team of independent risk officers across the franchise.

Qualifications

• 15+ years of relevant experience in risk management; should be a Wholesale Credit Risk Risk/Business SCO2 or equivalent
• Bachelor’s University degree, Master’s degree preferred;
• Experience in people management and leadership roles managing senior teams, and interacting with country CCO/senior management
• In-depth knowledge of underlying economic and geo-political environment, Banking, Markets, Basel, high-risk products, and Citi Risk Frameworks and Policies.
• Consistently demonstrates clear and concise written and verbal communication to influence and negotiate with a wide range of audiences
• Highly motivated and detail oriented, to manage complex regulatory projects cutting across the franchise and involving deep understanding of the underlying processes and technology.
   

Competences

• Integrity, combined with high personal and professional standards
• Strong leadership and process management abilities
• Proven ability to interact credibly with senior stakeholders in other control functions such as finance, audit, legal and compliance, as well as senior leaders across the firm
• In-depth knowledge of banking products and services
• Managerial maturity in looking out for the best interest of the enterprise and franchise
• Act as a Risk Management partner to the China Citi Country Officer (CCO) and Banking Head on risk-related regulatory matters

• Provide guidance to the China Citi Country Officer (CCO) and Banking Head and other senior managers on risk requirements and potential implications on business strategies and initiatives
• Facilitate and coordinate responses to inquiries and requests from regulators
• Ensure involvement of the appropriate local risk experts in vetting and resolving regulatory issues
• Engage internal counsel on lobbying efforts related to regulations that affect the Firm’s risk-taking initiatives as needed
• Coordinate the country’s Basel compliance with the Country CFO

• Execute the following duties for comprehensive and independent risk management

• Ensure compliance with Risk Management policies, standards, guidelines, and best practices within the relevant businesses
• Responsible for identifying, monitoring, aggregating, and reporting key existing and emerging risks in the businesses and portfolios to the senior Country and Cluster management teams
• Drive the development and implementation of stress testing for businesses and portfolios to ensure that risk exposure is appropriately sized relative to business size and risk appetite
• Review and analyze risk limits, controls, and policies; provide information to senior management in a timely manner
• Ensure adequate staffing, training, and talent development within the Citi China Risk Management organization

Skills

• Demonstrated experience in managing teams through challenges and crises
• Demonstrated compliance with internal and regulatory requirements under complex balance sheet conditions
• Demonstrated effective negotiation skills
• “No surprises” approach in communicating and escalating issues
• Strong interpersonal skills for interactions with all levels of internal and external staff, management, and clients
• Strong communication skills in Chinese and English
• Ability to make decisions on matters pertaining to franchise and reputation risks
• Ability to eliminate recurring problems and reduce costs; ability to break down complex matters into core issues and root causes
• Proficient understanding of the impact of changes in macroeconomic indicators on portfolio and business performance
• Ability to manage large volume deal flows; ability to make prudent decisions under pressure and in a timely manner

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Job Family Group:

Risk Management

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Job Family:

Functional Management

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Time Type:

Full time

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