Capital Markets Credit Risk Manager, SVP (Hybrid)
- Hybrid
About the role
Introduction to the Team
Citi Wealth is a global leader in wealth management, dedicated to serving the world's most affluent individuals and families. Our mission is to provide unparalleled financial guidance, sophisticated products, and exceptional service to help our clients achieve their financial ambitions.
The Wealth Risk Management organization is a critical partner in this mission, ensuring the firm operates within a robust and well-defined risk framework. We are responsible for identifying, measuring, monitoring, and controlling risks across all of Citi’s Wealth businesses.
Within this organization, the Wealth Product and Portfolio Management (WPPM) team plays a pivotal role. WPPM is responsible for the ongoing management and oversight of credit portfolios, developing strategies to optimize risk and return, and ensuring our product offerings are aligned with the firm's risk appetite. We are increasingly focused on leveraging cutting-edge technology and advanced analytics to drive decision-making and foster sustainable business growth.
Role Overview
The Wealth Capital Markets Risk Manager is a subject matter expert (SME) in Capital Markets products and counterparty credit risk. It is a key position accountable for the integrity of the capital markets and counterparty credit risk framework governing our high-net-worth (HNW) and ultra-high-net-worth (UHNW) client portfolios. The successful candidate will serve as the advisory authority on market, counterparty, and credit risk, ensuring our practices align with both regulatory mandates and the sophisticated needs of our clients. This role requires extensive cross-functional collaboration with First Line business, Product, Finance, Technology, Compliance, and Quantitative teams to drive a best-in-class risk culture. The SME is directly accountable to senior leadership for the robustness and continuous improvement of the risk management function within the Wealth division. The ideal candidate will be a forward-thinking capital markets risk professional with a strong track record of execution, who can pivot our traditional risk management practices towards a more dynamic, data-driven, and predictive approach.
Your responsibilities will include leading high-impact initiatives to deliver portfolio transformation, risk management enhancements, process improvements, and regulatory commitments.
You will also play an active role in embedding a strong data driven approach and leveraging AI to drive decision-making.
Core Responsibilities
- Risk Framework Enhancement: Help develop, govern, and continuously enhance the capital markets counterparty risk framework, policies, and procedures tailored specifically to wealth management portfolios.
- Product Coverage & Advisory: Serve as the lead SME on the risk characteristics of complex capital market and counterparty credit products, including derivatives (rates, FX, equity, fixed income, commodity), structured products, and alternative investments.
- Regulatory Engagement & Reporting: Support interactions with key regulators (e.g., OCC, FRB) on all capital markets risk matters, owning the end-to-end process for risk-related submissions.
- Risk Appetite & Limit Management: Define, implement, and monitor the risk appetite framework and associated limits for HNW/UHNW counterparty credit exposures, ensuring alignment with the firm's overall risk tolerance.
- Model Validation Partnership: Collaborate with Model Developers and Model Risk Management (MRM) team to review and/or validate valuation (IPV), risk (VaR, CVA), and stress testing models.
- Senior Stakeholder Advisory: Provide expert counsel and independent challenge to senior business leaders, portfolio managers, and client advisors on complex risk decisions, new product approvals, and large transactions.
- Risk Governance & Escalation: Advise on the design and production of Capital Markets risk dashboards and analytics for senior management, including AI-adoption, ensuring timely escalation of material risks and limit breaches through established governance committees.
- Technology & Infrastructure Strategy: Partner with Technology to define the strategic roadmap for risk systems and infrastructure, ensuring they meet the evolving needs of the business and regulatory landscape.
- Crisis Management & Ad-Hoc Analysis: Lead risk analysis and response on the impact of market stress on Capital Markets credit portfolios, providing timely and actionable insights to senior leadership to mitigate potential losses.
- Credit Portfolio Management & Optimization: Lead the ongoing monitoring, analysis, and management of Capital Markets credit portfolios, identifying portfolio trends, concentrations, emerging risks, and opportunities to optimize risk-adjusted returns while operating within approved risk appetite. Translate objectives into actionable implementation plans with measurable outcomes.
- Strategic Analytics: Help drive key strategic initiatives for the WPPM Head and Wealth CRO by leveraging data science and AI to deliver novel insights and end-to-end improvements across the credit lifecycle.
- Actionable Insights: Translate complex data and analytical findings into actionable business strategies, procedural enhancements, and clear recommendations for senior management.
- Change Leadership: Act as a change catalyst and an enthusiastic early adopter of new technologies. Take ownership to help others understand the benefits of AI in risk management and maintain a positive outlook during the transition.
- Talent Development & Mentorship: Mentor and develop junior risk professionals, fostering a culture of analytical rigor, continuous learning, and proactive risk management across the team.
Skills and Qualifications
Required Qualifications:
- A minimum of 10+ years of professional experience in Counterparty Credit Risk management or a related field within the financial services industry.
- Advanced knowledge of Capital Markets products including Derivatives (Rates, FX, Equities, Fixed Income, Commodities), Structured Products and Alternative Investments
- Advanced knowledge of Wealth client segments including HNW, UHNW, Institutional Family Offices and Financial End Users.
- Advanced knowledge of counterparty credit concepts including exposure measurement (potential future exposure, net stressed exposure), collateral/margin requirements, wrong-way risk, concentration risk and stress testing.
- A bachelor’s degree in quantitative discipline such as Mathematics, Computer Science, Economics, Statistics, Financial Engineering. Advanced degrees in quantitative discipline is highly preferred.
Essential Skills:
Computational & Analytical Skills:
- Data Analysis Software: Expertise in MS Office (especially Excel) and familiarity with advanced data analysis and visualization software (e.g., Tableau, Power BI).
Artificial Intelligence & Machine Learning Familiarity:
- Generative AI: Driving actions outcomes and solutions through AI tools to help facilitate management decisions. Hands-on experience with Gen-AI models such as Co-Pilot, Gemini etc. is preferred.
Risk & Business Acumen:
- Counterparty Credit Risk & Portfolio Management Expertise: Extensive experience in credit risk management, portfolio oversight, risk appetite management, concentration risk, stress testing, credit lifecycle management, and portfolio optimization, with a proven ability to lead strategic portfolio initiatives and provide effective challenge to business and risk stakeholders.
- Change Management & Transformation Leadership: Demonstrated performance in leading large-scale business, risk, and technology transformation initiatives, driving adoption of new processes, analytics, and AI-enabled capabilities across the credit organization. Demonstrated success managing stakeholder engagement, overcoming resistance to change, influencing senior leaders, and embedding sustainable changes that improve risk management, portfolio outcomes, and organizational effectiveness.
- Enterprise Risk Management: Demonstrate an understanding of Enterprise Risk Management (ERM) frameworks, including Risk Appetite, Enterprise-wide stressing testing, risk measurement and aggregation and executive risk management reporting, with the ability to translate complex risk oversights into actionable recommendations for senior leadership.
- Strategic Thinking: Sound ability to think strategically, connect analytical insights to business outcomes, and drive long-term initiatives.
- Regulatory Landscape: Substantial knowledge of the regulatory and compliance landscape governing financial services.
Leadership & Communication:
- Leadership: Strong leadership capabilities with a proven ability to foster team collaboration, mentor junior talent, and influence senior stakeholders.
- Communication: Superior verbal and written communication skills, with an outstanding ability to articulate complex technical concepts to non-technical audiences.
- Problem-Solving: A proactive and advanced approach to problem-solving, with a keen ability to anticipate future challenges and opportunities.
- Resilience: Capacity to thrive under pressure, manage competing priorities, and consistently meet tight deadlines.
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Portfolio Credit Risk Management------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Analytical Thinking, Credible Challenge, Governance, Policy, Procedure, and Regulation, Portfolio Analysis, Risk Management Lifecycle.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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