Officer, Credit Portfolio Analyst, Mortgage Lending

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Citi Wealth brings together the full power of Citi to serve the entire continuum of wealth clients, from affluent to ultra-high net worth to family offices. The strategies we create help our clients maintain liquidity while maximizing yields, transact in foreign currency and across borders, and manage fluctuating expenses or cash flow. We are uniquely suited to helping our clients meet their banking needs across regions through our global network.

We’re currently looking for a high caliber professional to join our team as Officer, Credit Portfolio Analyst (Internal Job Title: Credit Portfolio Analyst II - C10) based in Hong Kong. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:

• Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
• We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
• We empower our employees to manage their financial well-being and help them plan for the future.
• Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
• We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
• We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.

In this role, you’re expected to:

The Credit Analyst II is an intermediate-level position responsible for credit risk management function on retail mortgage lending business, including policy management, portfolio monitoring, model management and governance. We are seeking a highly motivated and skilled individual to assume responsibility for the management and governance of our residential mortgage loss forecasting models, as well as participating and contributing to the evolution and implementation of our Retail Credit Risk policies. This role will be integral to ensuring the accuracy and robustness of our risk assessments and the sound governance of our credit practices, particularly within the residential mortgage sector.

• Report to the Mortgage Lending Risk Manager to monitor and manage the Retail mortgage lending credit cycle
• Partnering with key stakeholders to overseeing the entire lifecycle of retail credit risk loss forecasting models for the residential mortgage portfolio, from development and validation to ongoing performance monitoring, recalibration, and documentation. This includes ensuring models are fit for purpose, accurate, and comply with internal and external requirements.
• Conducting in-depth quantitative analysis of large datasets related to mortgage performance, identifying trends, assessing portfolio health, and informing model enhancements. Preparing comprehensive reports and presentations on model performance, forecasts, and key risk indicators for various stakeholders, including senior management and regulatory bodies.
• Ensuring all model activities and policy frameworks adhere to internal governance standards, regulatory requirements (e.g., Basel, IFRS 9), and industry best practices. Collaborating with internal audit and compliance teams to ensure adherence.
• Participating in the review, development, and implementation of retail credit risk policies, particularly those pertaining to residential mortgages. This involves ensuring policies are current, effective, and align with regulatory expectations and the bank's risk appetite. Escalate credit concerns/updates to Mortgage Lending Risk Manager and propose risk mitigation action to be taken by staying continuously informed of related developments/news for the portfolio and industry covered and understanding the credit process, policies and Citi's risk appetite
• Prepare and monitor key and ad hoc MIS on mortgage credit risk management, bring to management for attention if required per the portfolio performance trend and extend support on relevant key initiatives
• 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 a successful candidate, you’d ideally have the following skills and exposure:

• Bachelor or post-graduate degree in Business, Statistics, Data Science or other related quantitative disciplines
• Minimum 2-3 years of experience in credit risk analysis in Mortgage Lending products with solid understanding of retail credit risk concepts, products, and processes, particularly within residential mortgages.
• Demonstrated strong analytical and quantitative skills with proficiency in statistical modeling software (e.g., SAS, R, Python) and large dataset manipulation. Data mining and MS Word/Excel/Access/Power-Point is a basic.
• Experience in model validation, performance monitoring, and model documentation. Proven experience in managing, developing, or validating IFRS 9 impairment models, specifically for mortgage portfolios, is recommended.
• Knowledge and practical experience with Climate Risk loss forecasting methodologies and their application in a financial institution context, would be an advantage.
• Ability to translate complex analytical findings and policy requirements into clear, concise, and actionable insights for diverse audiences.
• Excellent communication skills, both written and verbal, for presenting technical information and policy recommendations.
• Good communication, interpersonal skills and possess certain positive leadership skills/potential (e.g. take ownership, strong risk culture, ability to work independently etc.)

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Take the next step in your career, apply for this role at Citi today

https://jobs.citi.com/dei

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Job Family Group:

Risk Management

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Job Family:

Portfolio Credit Risk Management

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Constructive Debate, Escalation Management, Industry Knowledge, Policy and Procedure, Policy and Regulation, Process Execution, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.

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Other Relevant Skills

Credible Challenge, Data Analysis, Laws and Regulations, Management Reporting, Referral and Escalation, Risk Remediation.

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