{ “@context”: “http://schema.org”, “@type”: “JobPosting”, “title”: “Credit Risk Manager (Insurance focus) – Director”, “description”: “
Overview
Credit Risk Manager role in Citi's Financial Institutions Group (FIG) and Counterparty Credit Risk (CCR) team within Risk Management. Primary coverage for European insurance companies; the team also covers banks, broker dealers, FinTech and FMI clients as workload dictates. The role focuses on 2LoD review, challenge and decisioning of client and/or transaction level underwriting proposals received from 1LoD, incorporating detailed counterparty credit and/or transaction analysis. This role aims to manage and mitigate potential credit losses while supporting sustainable business growth.
What you’ll do
- Partner with 1LoD to risk manage a designated client portfolio in a proactive and timely manner.
- Provide review, challenge and credit decisioning for the assigned portfolio of FIG clients and/or recommendations to more senior credit officers as needed.
- Independently assess the accuracy and appropriateness of risk ratings and classifications for the assigned client portfolio.
- Critically evaluate assigned portfolio(s), identifying and assessing emerging risks.
- Monitor outsized exposures including CCR factor sensitivities and understand drivers of Citi’s exposure to these clients.
- Escalate early and maintain a culture of no surprises.
- Drive continuous improvement of credit risk processes and standards for assigned entities.
- Identify opportunities for simplification and improvement in credit-related processes, including the use of Citi AI tools.
- Oversee and validate corrective action plans for identified issues, addressing concerns from control functions.
- Contribute to periodic Insurance-related portfolio health reviews for EMEA clients.
- Lead ad-hoc requests for industry-specific data and/or analysis as requested by senior 2LoD risk management, in a timely manner, engaging with 1LoD and theBusiness as necessary.
- Attend meetings with external regulators in respect of the Insurance portfolio as required.
- Promote a collaborative work ethic with stakeholders including ICM, Banking and the Business.
- Contribute to periodic reviews of the Insurance CAM templates/guidance and risk rating scorecard.
- Assist the Global FIG&CCR Head and/or 2LoD Global Insurance lead in orchestrating regional and/or global tasks using innovative techniques and methodologies.
- Collaborate with other credit risk families to support the best outcome for Citi, sharing and implementing best practices.
- Make informed business decisions, considering risk assessment, the firm's reputation, and compliance with laws, rules, and regulations.
- Ensure compliance with applicable laws, rules, and regulations, upholding policy and ethical business practices.
- Manage and report control issues with full transparency, using advanced judgment and innovative techniques.
What we’ll need from you
- Solid and extensive Credit Risk experience with the European insurance sector, including life, non-life and composite insurers.
- Understanding of the European regulatory landscape, topical issues and the key risk considerations associated with these clients.
- Ability to multi-task to tight deadlines while managing stakeholder expectations.
- Experience with Global Markets products including complex transactions and associated legal documentation.
- Demonstrated thought leadership, developing new techniques, methodologies, and approaches for credit risk management.
- Expertise in evaluating complex issues with substantial impact, utilizing in-depth quantitative and qualitative analysis.
- Exceptional communication skills, including clear articulation and effective presentation of complex information.
- Advanced skills in mediating disputes and advocating for organizational interests with high-level stakeholders.
- A strong team player and collaborative mindset with the ability to challenge established norms and pioneer new approaches.
- Proven ability to guide decision-making processes and implement technical solutions effectively.
- Awareness of private credit and private equity as it pertains to the Insurance sector would be advantageous.
- Bachelor's or Master’s degree preferred.
What we can offer you
- Paid Parental Leave
- Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
- Discretionary annual performance-related bonus
- Private medical insurance packages to suit your personal circumstances
- Employee Assistance Program
- Pension Plan
- Special discounts for employees, family, and friends
- Access to learning and development resources
Company: Citi
Location: London
Job Description:
Overview
Credit Risk Manager role in Citi’s Financial Institutions Group (FIG) and Counterparty Credit Risk (CCR) team within Risk Management. Primary coverage for European insurance companies; the team also covers banks, broker dealers, FinTech and FMI clients as workload dictates. The role focuses on 2LoD review, challenge and decisioning of client and/or transaction level underwriting proposals received from 1LoD, incorporating detailed counterparty credit and/or transaction analysis. This role aims to manage and mitigate potential credit losses while supporting sustainable business growth.
What you’ll do
- Partner with 1LoD to risk manage a designated client portfolio in a proactive and timely manner.
- Provide review, challenge and credit decisioning for the assigned portfolio of FIG clients and/or recommendations to more senior credit officers as needed.
- Independently assess the accuracy and appropriateness of risk ratings and classifications for the assigned client portfolio.
- Critically evaluate assigned portfolio(s), identifying and assessing emerging risks.
- Monitor outsized exposures including CCR factor sensitivities and understand drivers of Citi’s exposure to these clients.
- Escalate early and maintain a culture of no surprises.
- Drive continuous improvement of credit risk processes and standards for assigned entities.
- Identify opportunities for simplification and improvement in credit-related processes, including the use of Citi AI tools.
- Oversee and validate corrective action plans for identified issues, addressing concerns from control functions.
- Contribute to periodic Insurance-related portfolio health reviews for EMEA clients.
- Lead ad-hoc requests for industry-specific data and/or analysis as requested by senior 2LoD risk management, in a timely manner, engaging with 1LoD and theBusiness as necessary.
- Attend meetings with external regulators in respect of the Insurance portfolio as required.
- Promote a collaborative work ethic with stakeholders including ICM, Banking and the Business.
- Contribute to periodic reviews of the Insurance CAM templates/guidance and risk rating scorecard.
- Assist the Global FIG&CCR Head and/or 2LoD Global Insurance lead in orchestrating regional and/or global tasks using innovative techniques and methodologies.
- Collaborate with other credit risk families to support the best outcome for Citi, sharing and implementing best practices.
- Make informed business decisions, considering risk assessment, the firm’s reputation, and compliance with laws, rules, and regulations.
- Ensure compliance with applicable laws, rules, and regulations, upholding policy and ethical business practices.
- Manage and report control issues with full transparency, using advanced judgment and innovative techniques.
What we’ll need from you
- Solid and extensive Credit Risk experience with the European insurance sector, including life, non-life and composite insurers.
- Understanding of the European regulatory landscape, topical issues and the key risk considerations associated with these clients.
- Ability to multi-task to tight deadlines while managing stakeholder expectations.
- Experience with Global Markets products including complex transactions and associated legal documentation.
- Demonstrated thought leadership, developing new techniques, methodologies, and approaches for credit risk management.
- Expertise in evaluating complex issues with substantial impact, utilizing in-depth quantitative and qualitative analysis.
- Exceptional communication skills, including clear articulation and effective presentation of complex information.
- Advanced skills in mediating disputes and advocating for organizational interests with high-level stakeholders.
- A strong team player and collaborative mindset with the ability to challenge established norms and pioneer new approaches.
- Proven ability to guide decision-making processes and implement technical solutions effectively.
- Awareness of private credit and private equity as it pertains to the Insurance sector would be advantageous.
- Bachelor’s or Master’s degree preferred.
What we can offer you
- Paid Parental Leave
- Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
- Discretionary annual performance-related bonus
- Private medical insurance packages to suit your personal circumstances
- Employee Assistance Program
- Pension Plan
- Special discounts for employees, family, and friends
- Access to learning and development resources
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Posted: May 7th, 2026