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Citigroup Initiative Manager - Wholesale Credit Risk in New York, New York

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The role is within the Institutional Credit Management (ICM), which is accountable for the management of complex, critical & large professional client credit risk, working on the delivery of the multi-year Wholesale Credit Risk project.

The successful candidate requires an understanding of multiple lines of defense within a bank, and how they interact to achieve the objectives of the organization. They will be able to apply understanding of the business to project management. Good communication skills are required to influence internally, often at a senior level, to tight deadlines. The role may exercise control over some resource and is accountable for the end results in their area of responsibility.


  • Develop a detailed understanding of the Wholesale Credit Risk (WCR) Initiative program deliverables, Wholesale and Counterparty Credit Risk (WLCR / CCR) and the working of the first and second lines of defense, in accordance with Citi project management and governance standards of practice.

  • Provide governance, oversight and monitoring activities in accordance with the WCR initiative and processes specified by the Transformation Program Office.

  • Provide reporting or analyze data across key deliverables, including the identification and remediation of issues and audit items.

  • Able to influence and work with a team of professionals across different time zones and departments

  • Requires an understanding of multiple areas within the function and how they interact to achieve the objectives of the function

  • Applies in-depth understanding of the business impact of technical contributions. Good commercial awareness is a necessity

  • Ensure that emerging risks identified are socialized with key stakeholders and mitigation strategies are in place

  • Identify areas of engagement based on level of investment, inherent risk, complexity of change and other risk factor

  • Execute Risk Control coverage strategy, ensure appropriate risk mitigation actions are in place and escalate to senior management as appropriate

  • Excellent communication skills required to negotiate internally, often at a senior level.

Job Responsibilities

Responsibilities and priorities will reflect needs of the WCR Initiative and will evolve over time, however the following are some of the specific activities expected of this role:

  • Accountable for the successful delivery of certain components of the WCR Initiative in line with overall book of work.

  • Global reporting and communication of project status and risks to appropriate senior business and project managers, project reviews / health checks of the book of work, will be required across all program deliverables to support execution in accordance with strict guidelines.

  • Supporting the Program Director in the identifying and resolving program risks/issues and ensuring the timely delivery of program plans, resources and reporting across all ICG lines of business and wider stakeholders.

  • Gain a good understanding of Citi PM Policies and Standards to ensure good program governance and execution.

  • Building a strong network in Citi across teams and time zones to support them completing their milestones

  • Effective communication with key stakeholders, both internal and external to the program / project, including obtaining buy-in for proposals.

  • Liaison and clear communications with internal parties as required.

  • Develop and deliver presentations to ICM and other management covering project / program status and plans.

  • Analyzing, providing insight and driving execution across various project components

  • Producing information to support regulatory or audit reviews when applicable and be involved in post program reviews for key initiatives.

  • The role will require developing a deep knowledge of the key regulations and rules applicable to CCR and/or WLCR

Further the role holder must 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 well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Knowledge, Experience & Skills

  • 10+ years of experience in Risk / the Front Office.

  • Knowledge and experience of structured project management techniques in a front office environment

  • Demonstrable experience of senior involvement in high impact projects / programs as a consultant or internal change leader

  • Expertise and hands-on practitioner expertise in designing and implementing structured business/operational processes and associated business requirements documentation

  • Knowledge of, and experience in, analyzing legislative and regulatory texts, and associated legal analysis

  • Strong knowledge of CCR and/ or WLCR management and regulations.

  • Understanding of credit risk best practice and regulatory requirements.

  • Ability to review and provide concise/impactful insight into meeting regulatory remediation needs.

  • Experience of managing one or multiple teams, including management of people, budget and team planning, to include performance evaluation, compensation, hiring, and disciplinary actions and terminations is a plus.

  • Knowledge of credit risk RWA or Stress Testing is a plus


  • Bachelor’s/University degree or equivalent experience in a relevant subject e.g. Math, Finance or Business is preferred

  • Strong, appropriate industry knowledge & delivery track record is essential.

Our benefits

As well as being a business casual workplace with flexible hours, we enjoy a whole host of perks and benefits – from our on-site gym, restaurants and health centre in London to retail discounts, a wide range of insurance cover and family care company-wide. Our core benefits include:

  • Pension

  • Life Assurance

  • Private Medical Insurance

  • Season Ticket Loan

  • Live Well Health Assessment

Job Family Group:

Project and Program Management

Job Family:

Program Management

Time Type:

Full time

Primary Location:

New York New York United States

Primary Location Salary Range:

$152,050.00 - $228,080.00

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Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.