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Collateral Risk Manager

Closing date
25 May 2022

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Contract Type
Full Time
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Job Summary

The Collateral Risk Manager is a key member of the in-business credit risk function with responsibility for the collateral that underpins the bank's lending activities in the NAM region. Working closely with individual business units and with the second-line risk management function, the Collateral Risk Manager leads a specialized team overseeing the management of collateral across multiple business units, identifying and responding to exceptions in the use of collateral and monitoring collateral-related risks across all businesses in the region.

This is a new role in a rapidly growing area of the bank and provides an excellent opportunity for a dynamic, innovative and results-oriented individual to take the next step on their career path, to play a key role in the development of a new department within the bank.

The Team:

In line with its focus on risk and controls, Citi has created a new first line risk function, Institutional Credit Management (ICM). ICM's principal focus is credit risk, and it has been established with the objective of providing integrated "end-to-end" credit underwriting, and the management of associated risks for wholesale credit businesses across the enterprise.

Within ICM, the Collateral team focuses on the monitoring and management of risks relating to collateral posted and received in connection both with Citi's trading and banking book activities. The Collateral team will consist of 4 regional Collateral Risk teams (NAM, EMEA, APAC, LATAM) and a central regulatory team (split across NAM and EMEA).

The Mission:

The Collateral Risk Manager is tasked with establishing and operating an effective collateral risk function in their respective region, covering both banking book and trading book collateral. The role reports to the regional head of ICM Collateral Management.

The Collateral Risk Manager will drive the implementation of the collateral operating model and manage the oversight of collateral activities in the region, in the process building extensive relationships with regional business units, second line risk and the wider ICM Team.

Key benefits include the development of an unusually broad perspective on the firm's markets activities (including Rates, FX, Equities, Commodities and Credit), the acquisition of specialized knowledge of regulatory developments and the firm's financing practices, exposure to senior leadership and a rewarding, creative, and dynamic working environment.

The role:

The Collateral Risk Manager will be expected to make a major contribution towards the refinement of the team's mandate and operating model and to take a leading role in the execution of existing responsibilities including:
  • The identification, classification and prioritization of collateral related risks (including wrong way risk, and, in collaboration with ICM colleagues, the internal assessment of credit and liquidity characteristics of collateral)
  • The ongoing oversight, review and refinement of collateral management processes and the tools and data supporting them
  • In partnership with ICM colleagues, the integration of risks deriving from collateral into counterparty credit considerations
  • Take ownership of first line risk agenda in all relevant governance bodies

Qualifications and Experience:
  • Bachelor's degree or equivalent experience
  • 6+ years relevant experience in Financial Services (or strategy consulting) including credit extension/management in corporate lending
  • Highly analytical & creative mindset
  • Strong and impactful presentation skills
  • Self-motivated, detail oriented, and a quick learner
  • Ability to work well under pressure, in a front office environment
  • Excellent communication, interpersonal and organizational skills
  • Knowledge of the characteristics of individual collateral types, particularly real estate, physical assets and other non-financial collateral is a plus
  • Familiarity with large scale data and querying and engaging with technology partners is preferred
  • Experience partnering with the business to assess data for patterns and spot anomalies
  • Knowledge of Citi's infrastructure is a plus

As well as a competitive salary and consideration for a yearly discretionary bonus, Citi offers:

• 23 days paid annual leave
• Award winning pension scheme
• Life assurance
• Private medical insurance with Bupa healthcare

In addition, we offer a competitive maternity, paternity and adoption leave scheme and employees also have the option (provided they have a student loan from the Student Loan Company) to divert saver and company match contributions to their student loan. We pride ourselves on our ability to offer employees a number of lifestyle benefits including; on site restaurant and coffee shops, online shopping and concierge service and subsidised clubs and societies.
  • Our select benefit package offers you the opportunity to customise your benefits according to your own lifestyle preferences and includes corporate discounts, memberships and a range of additional extras.
  • Our vast range of diversity networks demonstrates Citi's commitment to growing a diverse workforce.


Job Family Group:
Risk Management

Job Family:
Business Risk & Controls

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 Posting


Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.
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