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Job Details

SVP Credit and Portfolio Risk Manager Existing Card Members

Company name
Citigroup Inc

Location
Elk Grove Village, IL

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SVP, Credit and Portfolio Risk Manager Existing Card Members','18033619','!*!About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citi’s Mission and Value Proposition  explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients’ and the public’s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.

This position resides in the Citi Risk Management department responsible for $3B Retail Credit Card Portfolio. The successful candidate will be responsible for managing a team focused on existing account credit policy actions to drive sales growth and risk mitigation. The role includes oversight of authorizations, credit line management, closure programs and partner level loss forecasting.  The role is accountable for the development and maintenance of strategies to deliver performance aligned with Citi’s risk appetite framework.  The individual will work closely with the partner management, marketing, finance, and operations teams on an expansive set of portfolio objectives to deliver on growth targets for the portfolio. The position will have direct reports, which will require excellent people development skills as well as effective negotiation, coaching / mentoring, and communication skills. 

Key Responsibilities & Collaborative Points

•           Developing, testing, and optimizing credit policies including full accountability for implementation of those policies & processes

•           Manage risk levels for the entire credit spectrum across multiple products and retail formats consistent with program financial objectives

•           Apply an excellent working knowledge of consumer risk analytics which include scoring and segmentation techniques and their use

•           Tracking and reporting of all initiatives and reporting performance results, emerging trends and opportunities to senior management

•           Ongoing partner level credit performance monitoring and credit loss forecasting

Establish solid cross-functional partnerships and networks to contribute and execute cross-functional and business initiatives

This position resides in the Citi Risk Management department responsible for $3B Retail Credit Card Portfolio. The successful candidate will be responsible for managing a team focused on existing account credit policy actions to drive sales growth and risk mitigation. The role includes oversight of authorizations, credit line management, closure programs and partner level loss forecasting.  The role is accountable for the development and maintenance of strategies to deliver performance aligned with Citi’s risk appetite framework.  The individual will work closely with the partner management, marketing, finance, and operations teams on an expansive set of portfolio objectives to deliver on growth targets for the portfolio. The position will have direct reports, which will require excellent people development skills as well as effective negotiation, coaching / mentoring, and communication skills. 

Key Responsibilities & Collaborative Points

•           Developing, testing, and optimizing credit policies including full accountability for implementation of those policies & processes

•           Manage risk levels for the entire credit spectrum across multiple products and retail formats consistent with program financial objectives

•           Apply an excellent working knowledge of consumer risk analytics which include scoring and segmentation techniques and their use

•           Tracking and reporting of all initiatives and reporting performance results, emerging trends and opportunities to senior management

•           Ongoing partner level credit performance monitoring and credit loss forecasting

Establish solid cross-functional partnerships and networks to contribute and execute cross-functional and business initiatives','!*!Qualifications, Knowledge, Skills and Abilities

The ideal candidate will have several years of experience in a large, sophisticated credit granting or risk management organization within a major consumer card, financial services, retailing or consulting business.  Their experience will have been gained in high volume, medium-to high risk environments, where risk assessment, technological sophistication, and data mining techniques are critical to their success.  This individual will bring a strong analytical orientation, an appreciation for broad-based risk issues and a familiarity with operations.  This person will have a demonstrated record of performance including responsibility for balanced portfolio growth and profitability in a sophisticated, fast-paced consumer credit environment.  This experience is complimented by excellent overall business judgment. The candidate understands the short-and long-term profit dynamics for risk in various products and portfolios, as well as the complete consumer finance cycle and regulatory environment.

BA/BS degree in Quantitative Fields such as Economics, Engineering, Operations Research, Business Finance, or Mathematics (Master’s degree preferred)

5 years experience in credit card risk management or equivalent training and experience preferably in the financial services industry

Candidate must have 2 years of people management / leadership experience

Demonstrated ability to synthesize, prioritize and drive results with a high sense of urgency

Strong communications/presentation skills, capable of interacting effectively with multiple levels

Ability to obtain support and buy-in across a wide range of stakeholders; create a strong network of relationships among peers, internal partners, external constituencies, decision makers and stakeholders

Must be highly organized and able to work in a fast paced environment managing multiple projects and possess strong interpersonal, organizational and analytic skills

Must be able to effectively communicate performance results, performance updates and key initiatives to senior management','Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity','Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity','Citi won’t discriminate against anyone for discussing pay, but those with access to pay data in their work can’t disclose it unless responding to complaints/investigations or legal requirements.','Citi won’t discriminate against anyone for discussing pay, but those with access to pay data in their work can’t disclose it unless responding to complaints/investigations or legal requirements.','NAM-USA-IL-Elk Grove Village','','Risk Management','Full-time','Bachelor's Degree','Day Job','Regular','Yes, 10 % of the Time','','','SVP, Credit and Portfolio Risk Manager Existing Card Members'

Company info

Citigroup Inc
Website : http://www.citigroup.com

Company Profile
Citi works tirelessly to provide consumers, corporations, governments and institutions with a broad range of financial products and services. We strive to create the best outcomes for our clients and customers with financial solutions that are simple, creative and responsible.

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