Banamex Retail Risk Head

The Country Risk Exec Group Mgr (MD) manages multiple teams of senior professionals through other senior managers. The job requires a broad and comprehensive understanding of the different systems, theories and practices relevant to a function as well as practical experience of multiple business cycles. In-depth knowledge of the industry and direct competitors' products/services is also necessary in order to contribute to the commercial objectives of the business. Requires thorough understanding of strategic direction of the function within the business, combined with a solid conceptual/practical grounding in both the function and/ or area of expertise. Excellent communication skills required in order to influence a wide range of audiences. The job is likely to be involved in both internal and external negotiations which will have a major impact on the area managed, and possibly on other related areas and organization as a whole. Develops medium- to long-term plans and executes functional strategies for a large/complex country, cluster of countries, or business requiring coordination and integration across units. Provides input into strategic decisions affecting job family or function within a region or business. Full management responsibility of multiple teams, including management of people, budget and planning. Has authority to negotiate and make independent decisions on issues/activities that have critical impact or influence on company revenues, capital or business operations. Typically, a direct report to an EB role and sits on the highest functional leadership team within a region, job function, or global business.

Responsibilities:

• Analyzes global and country-level economic and political developments for the purpose of assessing sovereign creditworthiness and the risk of a crisis in a country.
• Involved in determining country risk ratings, watch list status, country risk limits, scenario planning and stress testing on a country or regional basis. All of these functions are performed to minimize credit losses; losses due to cross border restrictions; market losses; operational losses; damage to Citigroup franchise and/or reputation.
• Develops long-term functional strategies for a global operating unit or a Region with coordination and integration across units & functions.
• Assesses risk/return trade-offs associated with transactions, products, analytical tools and client relationships. Has authority to negotiate and make autonomous decisions on issues / activities that have critical impact or influence on company revenues, capital, or business operations.
• Has full management responsibility for multiple teams, including management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval. May be doing, involved or responsible for diverse (cross-discipline) activities.
• Manages crises and high risk scenarios. Assesses stress testing impact of risk on portfolio value and capital and advises the business accordingly.
• Identifies key risks and all respective components of a problem, leading to resolution.
• Analyzes the impact of changes in macroeconomic indicators on portfolio/business performance.
• Provides strategic direction for stress testing impact of risk on portfolio value and capital and advises the business accordingly.
• Sets approvals and reviews country-managed cross border limits for global and other important countries as required including watch listed countries; approve and review all product-managed cross border limits; approve tenor exceptions or alternative processes.
• Identifies key risks and all respective components of a problem, leading to resolution as well as assesses fraud or franchise risk and revenue /cost implications.
• Serves as a point of escalation for key issues or time sensitive decisions. Makes final decisions on complex risk issues or products, deal structures, policy creation, for own region or group.
• Breaks silos and build partnerships across functions and regions. Creates and sustains a network of valued client relationships.
• Strives for diversity; recruits, retains and develops talent.
• Regularly communicates and ensures key messages are cascaded throughout the organization.
• Assesses fraud or franchise risk and revenue/cost implications.
• Meets with regulators to discuss industry-wide issues and/or broad issues with Citi.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications:

• 15+ years prior experience in managing a global function
• Formal credit training
• Highly motivated, team oriented, organized
• Excellent communication skills required in order to influence a wide range of audiences
• Strategic vision and analysis
• Experienced negotiator (internally and externally)
• Detailed understanding of institutional processes and policies
• In-depth knowledge of the industry and direct competitors' products/services is also necessary in order to contribute to the commercial goals of the business
• Proficient in scenario analysis.
• Thorough understanding of strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas
• Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholders

Education:

• Bachelor's/University degree, Master's degree preferred; managerial experience

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Citi's Mexico Retail business will be part of an IPO that will establish an independent local bank within Mexico. Citi's Banamex Retail Business is comprised of ~$18B in lending receivables across credit cards, personal loans and mortgages. The bank will include three lines of defense. A second line of defense senior leader responsible for Banamex Retail Risk policy is needed. This position will reside within Mexico and will have responsibility for providing oversight of the Retail Risk policies required to manage the Banamex Retail business – ensuring initial compliance with both U.S. and Mexico regulatory requirements as well as best practices. The position will initially report directly to the Citi Legacy Franchises Risk CRO and ultimately to the Banamex CRO.

Responsibilities:

• Direct and coordinate initiatives related to Banamex Risk policy changes and compliance together with other members of Banamex Risk Management functions
• Assess, challenge and provide approval as required for proposed Retail Risk policy changes.
• Lead the efforts to transition the current Citi Retail Credit Risk Policy and its sub-documents to one that is ultimately conforming to and appropriate for an independent local bank – Banamex.
• Identify the need for and develop other Risk policies required for Banamex as an independent bank, leveraging existing Citi Risk policies
• Lead strategic Policy discussions with Senior Risk Management across all lines of defense.
• Drive development and issuance of policies to ensure compliance with both Banamex and regulatory risk management requirements.
• Design and implement the local regulatory change monitoring process to ensure Banamex retail policies are aligned and updated in compliance with local regulatory changes.
• Develop the policy non-conformance oversight and reporting process for all Banamex retail policy breaches, dispensations and waivers.

Qualifications:

• Ideal candidates will have 12+ years of consumer lending Risk Management experience, preferably at a senior level at a major lending institution.
• Extensive knowledge of Retail lending products (cards, loans, mortgages) and their management across the full credit life cycle: acquisitions, portfolio management, loss forecasting and reserves, collections and fraud.
• Extensive knowledge and application of retail risk and compliance/control policies.
• Qualified candidates must hold an undergraduate degree in business, economics, finance, mathematics, statistics, operations research, engineering, or a similar quantitative field; Master's degree a strong plus.
• Excellent project management, communication and presentation skills.
• Demonstrated strong influence management and effective challenge skills
• Bilingual – fluent in both English & Spanish mandatory

Job Family Group:

Risk Management

Job Family:

Country Risk

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.

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