VP, Risk Appetite and Limits, Wholesale Credit

Join our dynamic team at Citigroup as VP, Risk Appetite and Limits, Wholesale Credit. We are looking for an experienced and driven individual to lead our risk management efforts for our wholesale credit portfolio. As the VP, you will play a crucial role in ensuring the effective management of risk through setting and monitoring risk appetite and limits. This is an exciting opportunity for someone who is passionate about risk management and has a strong understanding of the wholesale credit industry. If you are detail-oriented, strategic, and possess strong analytical skills, we encourage you to apply for this role.

1. Develop and implement risk appetite and limit frameworks for the wholesale credit portfolio, in line with the overall risk management strategy of the organization.
2. Monitor and assess the effectiveness of risk appetite and limits, identifying any gaps and proposing necessary changes or enhancements.
3. Collaborate with key stakeholders, including senior management, risk committees, and business units to ensure alignment and understanding of risk appetite and limits.
4. Conduct regular risk assessments and stress tests to identify potential risks and recommend appropriate risk mitigation strategies.
5. Provide guidance and support to business units on risk appetite and limit related matters, including risk reporting, limit breaches, and risk appetite framework implementation.
6. Stay informed of industry and regulatory developments related to wholesale credit risk management and incorporate best practices into risk appetite and limit frameworks.
7. Develop and maintain strong relationships with internal and external stakeholders, including regulators and auditors.
8. Lead and manage a team of risk professionals, providing guidance, coaching, and development opportunities.
9. Prepare and present risk appetite and limit reports to senior management and risk committees, highlighting key risks and areas of concern.
10. Ensure compliance with all applicable laws, regulations, and internal policies and procedures related to risk management.
11. Continuously review and improve risk appetite and limit processes and procedures to enhance efficiency and effectiveness.
12. Act as a subject matter expert on wholesale credit risk management, providing guidance and training to colleagues and other teams within the organization.
13. Participate in special projects and initiatives related to risk management as assigned by senior management.
14. Maintain a high level of confidentiality and professionalism in handling sensitive information.
15. Foster a culture of risk awareness and promote a strong risk management culture within the organization.

According to JobzMall, the average salary range for a VP, Risk Appetite and Limits, Wholesale Credit in New York, NY, USA is $169,000 - $247,000 per year. However, this can vary depending on factors such as experience, education, and the specific company and industry. Additionally, bonuses and other forms of compensation may also impact the overall salary range.

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002.