Managing Director, Risk Management, Australia Chief Risk Officer

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

Citigroup, Inc.

Sydney, AustraliaManaging Director, Risk Management, Australia Chief Risk Officer (CRO)

Citigroup, Inc.

Sydney, Australia

Posted 2 days ago

Permanent

CompetitiveAustralia Chief Risk Officer Based in Sydney, the Australia Chief Risk Officer (CRO) will have a direct reporting line to the ANA Cluster Risk Head and a matrix reporting to the Australia Citi Country Officer (CCO) and Banking Head. Key responsibilities of the Australia 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 Australia; 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.Corporate Credit Reviews and Approval: Reviewing and approving credit memos for local obligors in capacity as Risk SCO Level 2.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.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.Australian Prudential Responsibilities: Citi Australia comes under the Financial Accountability Regime ("FAR"). As a result, the CRO will have prudential responsibilities in the following capacity:

Senior Manager, CBNA Sydney Branch.

The incumbent will participate as a fully contributing member of the Australia/New Zealand CCC/ExCo (including the holding of FAR responsibility).

Qualifications15+ years of relevant experience in risk management; should be a Wholesale Credit Risk Risk SCO2/Business SCO2 or equivalentBachelor's University degree, Master's degree preferred;Experience in people management and leadership roles managing senior teams, and interacting with country CCO/senior managementIn-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 audiencesHighly motivated and detail oriented, to manage complex regulatory projects cutting across the franchise and involving deep understanding of the underlying processes and technology.

CompetencesIntegrity, combined with high personal and professional standardsStrong leadership and process management abilitiesProven 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 firmIn-depth knowledge of banking products and servicesManagerial maturity in looking out for the best interest of the enterprise and franchiseAct as a Risk Management partner to the Australia Citi Country Officer (CCO) and Banking Head on risk-related regulatory mattersProvide guidance to the Australia Citi Country Officer (CCO) and Banking Head and other senior managers on risk requirements and potential implications on business strategies and initiativesFacilitate and coordinate responses to inquiries and requests from regulatorsEnsure involvement of the appropriate local risk experts in vetting and resolving regulatory issuesEngage internal counsel on lobbying efforts related to regulations that affect the Firm's risk-taking initiatives as neededExecute the following duties for comprehensive and independent risk managementEnsure compliance with Risk Management policies, standards, guidelines, and best practices within the relevant businessesResponsible for identifying, monitoring, aggregating, and reporting key existing and emerging risks in the businesses and portfolios to the senior Country and Cluster management teamsDrive 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 appetiteReview and analyse risk limits, controls, and policies; provide information to senior management in a timely mannerEnsure adequate staffing, training, and talent development within the Citi Australia Risk Management organization

SkillsDemonstrated experience in managing teams through challenges and crisesDemonstrated compliance with internal and regulatory requirements under complex balance sheet conditionsDemonstrated effective negotiation skills"No surprises" approach in communicating and escalating issuesStrong interpersonal skills for interactions with all levels of internal and external staff, management, and clientsStrong communication skills in EnglishAbility to make decisions on matters pertaining to franchise and reputation risksAbility to eliminate recurring problems and reduce costs; ability to break down complex matters into core issues and root causesProficient understanding of the impact of changes in macroeconomic indicators on portfolio and business performanceAbility to manage large volume deal flows; ability to make prudent decisions under pressure and in a timely manner

Job Family Group:Risk Management

Job Family:Credit & Portfolio Risk 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.

Citigroup Inc. and its subsidiaries ("Citi") 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

Accessibility at Citi

.

View the "

EEO is the Law

" poster. View the

EEO is the Law Supplement

.

View the

EEO Policy Statement

.

View the

Pay Transparency PostingBoost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.

#J-18808-Ljbffr

---