Risk Senior Credit Officer - South Cone Subcluster Head and Argentina Rmco

Citi

Job Overview
The Risk Management Country Officer (RMCO) for the South Cone (Argentina, Uruguay and Paraguay_) _a senior risk representative that serves as the single point of contact for franchise-level Risk matters in each country. They play a critical role in oversight of review and challenge performed by Independent Risk Management in country and serve as key Risk partners to the respective Citi Country Officer and Banking Head (CCO & BH).RMCOs

are expected to demonstrate working knowledge of all Risk verticals, regulatory issues, internal audit processes and issues, and awareness of how external events can affect their countries' exposures, liquidity, and operations. They are expected to build and maintain networks within countries and regions, foster teamwork among Risk teams in the countries, participate actively in regional and global Risk Management forums, and promote awareness of issues and concerns specific to their countries and regions.

RMCOs provide critical second line of defense challenge in line with the Risk Governance Framework; they oversee all Risk-related regulatory and governance matters across all legal entities in each country and ensure timely escalation and resolution of Risk issues from all Risk segments through established escalation channels to the appropriate country, regional or global governance committees.

Among key responsibilities of the RMCO, and as required by local regulators, are:
Regulatory requirements, reporting, and engagement, Governance Standards, Stress Testing and Capital Planning, IFRS9, Legal Entity Management, Crisis Management, Climate Risk, Environmental, Social and Governance, and any additional franchise responsibility related to core role and responsibilities as second line of defense.

The RMCO role for the South Cone is expected to dual hat with the Risk Senior Credit Officer role covering Argentina, Uruguay and Paraguay. The Risk SCO is a senior management-level position responsible for the management of Citi's portfolio exposure to clients and counter parties by providing second line of defense review and challenge for credit approvals proposed by the business and by monitoring the Citi portfolio and identify credit mitigation actions.

The Risk Manager will be responsible for reviewing, challenging and risk managing both Investment Grade and Non-Investment Grade exposures. The position will interact heavily with Citi’s Corporate Banking, Institutional Credit Management Underwriting, and other product/markets groups in pursuit of its portfolio management and credit approval duties while accomplishing results directly or through the management of a team or department.

Responsibilities

• Lead a team/organization responsible for risk management activities associated with the wholesale credit portfolio
• Maintain and manage a portfolio of credit exposures (including IG and NIG counter parties) from Argentina, Uruguay and Paraguay Corporate clients in compliance with Citigroup’s policies, procedures, and best practices. Responsibilities include review and challenge of quarterly and annual reviews, risk rating accuracy, ongoing determination of emerging risks, and decisioning/recommending of incremental exposure requests
• Produce credit and exposure analyses to ensure aggregate risk exposure to customers remains appropriate to credit standing
• Provide credit risk approval for new transactions as SCO. Advise and make concise approval recommendations to senior management.
• Partner and collaborate closely with Citi Corporate Banking and Institutional Credit Management Underwriting (ICM) organizations, on risk mitigation at both inception of transactions and on an ongoing…