Regulatory Risk Analyst

**Job Background and Context**
- Part of the ICG Regional Credit Risk team supporting Middle East 6 cluster including Bahrain, Iraq, Kuwait, Oman, Qatar and Saudi Arabia.
- Global and local regulatory requirements relating to Credit Risk. Responsibility for regulation interpretation and assessment, and recommendations to ensure compliance with regulatory requirements impacting Credit Risk.
- Supports activities relating to regulatory processes impacting Credit Risk (e.g. IFRS9, ICAAP).
- Regional Credit (GI&RC) works with the Institutional Client Group (ICG) bankers and product specialists. Working in conjunction with the bankers, we are able to make informed decisions through an understanding of the credit, structure and profitability features of each relationship.

**Key Responsibilities**

In close cooperation with the Country Risk Manager and as part of the ICG Regional Credit Risk team, responsibilities include:

- Evaluate local regulatory matters (policies, laws, and regulatory and supervisory requirements in the cluster, and how these are to be complied with through either Citi global, regional or local credit risk policies, standards and/or processes. Ensure that regulatory mapping to independent Risk-owned ARCMs (Activity, Risk, Control, Monitoring) is accurate, appropriate and maintained up to date on ongoing basis.
- Ensure effective and timely management of all Assessment Unit (AU) duties for Regulatory Change Management (RCM) and Management Control Assessment purpose (MCA) purpose.
- Development, drafting and recommendation of local Credit Risk Policies and Procedures to comply with Local Credit Risk Regulation in the absence or limitation of Citi policies, standards and/or processes. Follow the changes in local Banking Law and procedures, provide update if needed on a timely basis and ensure timely update of mapping, ARCMs and local policies and procedures.
- Develops working knowledge of industry practices and standards in order to support understanding of the above activities, coordinate communication with regulatory bodies, credit bureaus, banking associations and similar entities on behalf Credit Risk.
- Lead regulatory inquiries and/or examinations impacting Credit Risk, including regulatory required reporting.
- Coordinate examinations conducted internally by FCR, Internal Audit, COBRA and other functions. Manage Issues/ CAPs related to ICG Credit Risk.
- Lead activities impacting regulatory requirement and Credit Risk, for example, Internal Capital Adequacy Assessment Plan (“ICAAP”), IFRS9 activities and Basel related activities.
- Using various systems, resources and tools, perform portfolio management tasks including portfolio reporting, rapid portfolio reviews, stress tests.
- Lead the process of monitoring and controlling excesses and breaches (facility, concentration limits, cross-border limits), margin calls, past due obligations, exceptions. Coordinate monthly ticklers reviews and follow-up on timely update of risk ratings, support calls, collateral monitoring, quarterly credit reviews (CCM, Leveraged Lending, PWL).
- Provide Credit Risk input on all above matters to various governance bodies and committees including but not limited to BRCC, CCC, ALCO, Franchise and Business planning reviews, various level portfolio reviews.

**Development Value**
- Opportunity to obtain global and domestic regulatory credit risk exposure and experience.
- Exposure to different functional disciplines which interact with Credit Risk in these activities.
- Opportunity to gain in-depth knowledge of Risk and Portfolio management, broaden one’s knowledge of multiple markets, products and industries, interface with the seniors, execute business growth strategy, and contribute towards key MENA Cluster growth objectives.

**Knowledge and Experience**
- Experience in managing financial regulatory, franchise and governance matters. Knowledge of Local Credit Risk Regulation will be an advantage
- Knowledge of Citi Credit Risk policies or ability to quickly develop a working knowledge thereof
- Good understanding of accounting, product and finance principles including IFRS9 and ICAAP will be an advantage

**Skills & Competencies**
- Excellent verbal & written communication skills. Active listening skills.
- Excellent attention to detail; Analytical thinking.
- Strong interpersonal skills with the ability to navigate a complex organization and work collaboratively and with people at all levels of the organization, including regional and global partners
- Excellent planning, project management and organizational skills and capability to handle multiple projects at one time
- Ability to deal with ambiguity and to function independently
- Ability to understand capital markets products and complex structures.
- Ability to evaluate, negotiate, structure and/or monitor extensions of credit.
- Thorough understanding of the credit and/or portfolio management process
- Strong decision making and influencing abi