Independent Risk Oversight – US Mortgages, Director

The Portfolio Credit Risk Management role oversees portfolio risk management activities to minimize credit losses and potential damage to the Citigroup franchise or reputation. The role includes developing business strategies, calculating CECL reserves, conducting stress tests, loss forecasts, and managing risk appetite for the First Line of Defense (1LOD). For the Second Line of Defense (2LOD), the role involves providing effective oversight and periodic review and challenge of 1LOD portfolio management processes and outcomes. Individuals in this role ensure credit risk is managed effectively across all portfolios, protecting the company's financial stability and reputation while supporting the overall business strategy.

Responsibilities: 

• Oversee compliance processes for credit portfolio limits, adapting strategies based on prevalent industry trends to ensure optimal management of credit risk.
• Maintain a uniform control environment across all portfolios and Centers of Excellence (COEs), managing operational risk, and monitoring key contractual deliverables for smooth operations.
• Assess risk judiciously during business decision-making processes, keeping the firm's reputation at the forefront of considerations to minimize potential harm.
• Abide by all applicable laws, rules, and regulations, fostering a culture of ethical conduct and business practices within the organization.
• Swiftly escalate, address, and transparently report any control issues, enforcing accountability among team members for maintaining high standards of operation.
• Acquire profound knowledge of the industry and a deep understanding of the products/services offered by direct competitors for better market positioning.
• Gain comprehensive knowledge of applicable laws and regulations guiding policies and practices for Credit Reserve Adequacy and Stress Testing.
• Understand the strategic direction of the function, familiarizing oneself with the related systems, theories, and practices for effective oversight.
• Monitor and implement the latest trends in credit risk analysis, enhancing forecasting and allowance calculations for credit portfolios.
• Lead the oversight of defense processes for credit portfolio management, leveraging knowledge and expertise to influence strategy.
• Develop limit methodologies, manage risk, coordinate regulatory interactions, and enhance process controls as part of overseeing credit portfolio limits and stress testing.
• Oversee governance discussions, risk mitigation efforts, and deal-based limit constructs, interpreting limits governance, and managing risk activities.
• Represent and coordinate the second line of defense in risk appetite engagement, manage risk statements and assessments, identify top risks, and conduct regular reviews of portfolio health.
• Engage in ad-hoc work related to risk control as part of routine job responsibilities.

• Is an enthusiastic and early adopter of change; takes ownership for helping others see a better future and stay positive during uncertainty.
• Demonstrates and inspires curiosity in seeking new ways to overcome challenges; actively applies learning from failures.
• Challenges self and others to seek out and communicate alternative views even when unpopular; welcomes diverse ideas to improve outcomes.
• Acts as a change catalyst by identifying and helping others see where new ideas could benefit the organization.
• Proactively seeks to understand and act in alignment with organizational decisions; helps others prioritize team and enterprise success over their own personal agenda
• Focuses on highest-priority work aligned to business goals; helps others effectively manage competing priorities.
• Proactively identifies opportunities to streamline work; creates process improvements that enhance efficiency for self and the team.
• Takes personal accountability for escalating, identifying, and managing potential risk; implements controls that enhance the client experience and operational effectiveness.
• Anticipates problems and proactively identifies solutions that address the root causes and result in meaningful improvements.
• Sets high expectations and invests the necessary effort to deliver excellence and exceed performance goals.
• Role-models and helps others to do the right thing for clients and Citi in all situations, even when difficult
• Engages key stakeholders early and often and actively looks for opportunities to improve collaboration in achieving common goals.
• Proactively seeks out opportunities to volunteer in Citi programs that support the community; advocates for solutions that meet the needs of Citi’s clients and the community.
• Enthusiastically promotes the unique needs and preferences of colleagues; makes active commitment to help colleague