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Citigroup Balance Sheet and Liquidity Management (BSLM) Lead in London, United Kingdom

Sovereign Credit Management (SCM) is responsible for establishing a consistent view of country risks and sovereign creditworthiness for Citigroup and for underwriting the firm’s sovereign exposures. It is a new organizational construct that is a part of the firm’s broader transformation efforts to make Citi more competitive and stronger in managing risks. Sitting in the 1st Line of Defense, SCM partners closely with Citi’s Franchise Management (Regional CEOs/Chief Country Officers), BCMA, Global/Local Markets Treasury, and other credit underwriting teams, to ensure that country/sovereign risk views are appropriately reflected in the management of Citi’s international franchises and full spectrum of sovereign exposures across Citigroup.

SCM is recruiting a Lead for Balance Sheet and Liquidity Management (BSLM) Limits Underwriting, who will report into the Head of SCM. Balance Sheet and Liquidity Management limits are driven by Citi Franchises’ needs to manage their own balance sheet and liquidity position. BSLM needs are generated by client deposits in Citi’s franchises across the world. BSLM principally includes exposures to sovereigns and central banks (via holdings of government and central bank securities and placements with central banks) of approximately $300BN, representing a critical exposure for Citi. BSLM is central to the effective risk management of our global liquidity balances and an enabler of our country strategy.

The BSLM Underwriting Lead will establish a process for managing and coordinating the review of the BSLM limits and exposures with relevant stakeholders in the 1st Line of Defense (principally across Global/Local Markets Treasury and Citi Treasury Investments) to underwrite BSLM exposures, taking into account the various risk constructs within the 2nd line of Defense (Treasury Risk Management and Credit Risk).

Responsibilities:

  • Establish a process for coordinating the request for BLSM limits from stakeholders in the 1LoD across all Citi franchises

  • Provide leadership to continually improve the efficiency around the process for approving BSLM limits in the 1LoD

  • Present the annual limit proposal to other stakeholders, across 1LoD and 2LoD, for their review and approval, including the following actions:

  • Update / maintain BSLM limit templates on an annual basis

  • Review of Business proposal submitted to Treasury Risk and Public Sector Risk

  • Lead CSL (Single Name concentration) Limits calibration and review process

  • Ongoing engagement with PMG to discuss appropriateness of limits vs. Industry Limits

  • Coordination of Tier 0 (aka Tier 1) Issuer Risk Limits with Treasury Risk Management

  • Preparation and approval of approval decks and materials

  • Partner closely with senior stakeholders across the firm (both in 1LoD and 2LoD)

  • Partner closely with the sovereign analytics team/individual sovereign analysts within ICM, and including them in discussions with other 1LoD stakeholders, to ensure that the appetite for BSLM reflects the most current view of sovereign/macro risks

  • Establish/enhance robust controls and governance around the BLSM underwriting process

  • Manage a team of 2-3 professionals

Qualifications:

  • Finance/Risk professional with 12+ years of experience in areas related to credit and market / liquidity (preference and not mandatory) risk management

  • A broad understanding of the asset-liability management considerations of a global bank

  • A broad understanding of capital markets instruments used by banks to manage their liquidity

  • A strong understanding of how macro and sovereign credit conditions affect: 1) the operations of a central bank and 2) the credit, market, and liquidity risks of local currency government debt

  • Risk SCO initial is strongly preferred

  • Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques, structure potential solutions, and drive to resolution with senior stakeholders

  • Track record of overseeing transformation projects and/or overseeing processes involving highly-matrixed stakeholders across different businesses and geographies

  • Highly motivated, team-oriented, and organized

Education:

  • Master’s degree (or equivalent) in finance, economics, or related disciplines from a top-tier institution

Job Family Group:

Institutional Banking


Job Family:

Investment Banking


Time Type:

Full time


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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.

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Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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