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Credit Risk Associate

Citi bank

Posted on October 9, 2019

2 - 3 years Abu Dhabi - United Arab Emirates

Any Graduation. Any Nationality

Opening 01

Job Description

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Job Description:
The Credit Risk Associate is a developing professional role reporting into the Risk Management Country Officer ( RMCO ) for the United Arab Emirates. The role requires a strong knowledge and understanding of credit and banking products as well as exposure to an array of Citigroup s Institutional Client products. The role provides an opportunity for wide ranging engagement with product partners, relationship management teams and risk managers as well as clients. The candidate is expected to provide support to the UAE RMCO and will have also have joint responsibility for all portfolio management activities and other relevant risk management activities for the cluster; including but not limited to: credit proposal reviews and approval recommendation, local regulatory compliance and reporting, stress testing , ad/hoc credit reviews and client calling. The candidate will be expected to support the RMCO on developing and establishing controls to ensure Risk related regulatory requirement s are complied with, including GAP analysis of all new regulatory requirements. The candidate is expected to deal with most tasks independently and should apply analytical thinking, knowledge of data analysis tools and methodologies to solve complex problems. The candidate role requires attention to detail and developed communication and diplomacy skills.
Key responsibilities of the role include:
• Risk assessment and analysis of existing and new relationships
• Identification of industry/economic trends and outlook as well as review of financial projections & sensitivity analysis.
• Collaborate as appropriate with product partners and relationship teams for new and/or refinancing credit transactions such as term loans or event-driven financing.
• Interact with product groups, depending on the needs and complexity of each credit and transaction - which may include term loans/syndications amongst others.
• Assisting RMCO in developing appropriate credit strategies for clients and attending client meetings, as appropriate.
• Prepare presentations for Governance and Risk Committee meetings.
• Preparation of key portfolio presentations level data, broad risks and ability to articulate them within presentations will be an important skill. Attention to detail will be a key skill we look for in this role, as these presentations get reviewed at senior levels within the UAE and region.
• Coordinating stress test exercises for the country and region involving liaising with multiple teams in the region and accurately capturing the inputs.
• Responsible coordinating with local partners and ensuring timely submissions of local regulatory deliverables such as the ICAAP and Central Bank Stress tests. This will entail interaction with Credit Administration, Finance, Business and other Risk functions across the franchise.
• Ensure that regulatory requests, changes in regulation or new requirements related to risk are appropriately addressed and impended in a timely manner
Development Value:
• Opportunity for an individual to expand his/her credit skills, and gain experience in credit and transactions.
• Opportunity to develop core banking and product skills that would suit entry to the Business or Product areas.
• Opportunity to obtain broad exposure to an array of products and transactions across industries
• Experience in working with multicultural teams across different geographies.
• Part of a motivated and high performing team and opportunity for career advancement in a merit-driven environment.
Job Qualifications:
• Strong accounting & finance knowledge.
• Strong financial modelling and analysis.
• Basic knowledge of credit and banking products such as Syndicated Loans, Trade Finance and FX/Derivatives.
• Knowledge of Citigroup credit policies and procedures preferred.
• Strong attention to detail.
• Strong verbal and written communication skills.
• Strong team player and interpersonal skills.
• Ability to work under pressure, multi-task and prioritize to meet deadlines.
• Minimum of 3 years post-graduation working experience with at least 2 years in a Credit Analysis related function.


Banking / Financial Services / Broking

Finance / Treasury

Keywords

Credit Risk Associate

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Citi bank

Founded in 1812, Citi is one of the leading names in the banking and finance sectors. The group is renowned for offering a wide range of world-class financial services and products to consumers, corporations, governments and institutions. In the year 1964, the bank established its presence in the UAE by opening its first branch in Dubai. Citi has been present in the Middle East and North Africa since 1955. However, it entered the UAE market only in 1964 by opening its first branch in Dubai. Over the years, the group has expanded its operations to 16 countries in MENA. It offers full scale corporate and investment banking services to its clients in Egypt, UAE, Bahrain, Qatar, Kuwait, Lebanon, Jordan, Tunisia, Morocco, Algeria and Pakistan and also maintains a representative office in Iraq. Citi's institutional capabilities in the region include Treasury & Trade Solutions, Corporate & Investment Banking, Capital Markets Origination, Global Markets and Islamic Banking.





Citibank is the consumer banking arm of the Citi group. It is known as one of the major players in the UAE’s credit card market and leading providers of Wealth Management and Consumer Credit services in the region. Citibank has five branches in Dubai, Sharjah and Abu Dhabi, six Financial Centers and 77 ATMS spread across various commercial centers in the UAE.





The company focuses on individual development and believes in recognizing the talent of its employees. The company follows a culture where employees are given ample opportunities to build their career by investing in their learning and development.



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