Payment Product Risk Manager

Citi is the market leading payment services provider to corporate, public sector and financial institutions clients, with an unmatched global footprint and reach.Products offered encompass high value payments, cross border payments, global clearing products, instant payments, collections, corporate cards and other specialized offerings.The Payments Risk team, part of Services Risk Management, is the primary 2LOD team responsible for managing risks associated with all payment offerings, in partnership with other BIR teams as well as Operational Risk Management.It is led by the Head of Global Payments Risk Management, who manages a team of some 13 risk professionals located in the US, Europe and Asia.Within this team, the Payments Product Risk Manager is an SME role that reports to the Global Payments Risk Head, covering all assigned Payment Products both globally and in the EMEA region.This will include coverage of Clearing risk management across all Services Products.The incumbent will also engage with the relevant Payment Product Business Managers in the region and globally, as well as risk partners and seniors across all applicable risk stripes.What you will be doingBecoming a key 2nd line challenger for the assigned Payment products, bringing to bear product and risk subject matter expertiseProviding risk input at preliminary discussions by business on new initiatives (BRR) followed by formal input as contributor for formal New Approval Committee reviewsLeading product and issue deep dives when requiredTimely monitoring, reporting and escalation for Payment Risk Management activities in the assigned product set, including regulatory requirements, and any interactions with OCC, Fed, ECB, PRA and FCA etcProviding daily challenge and approvals to intraday clearing excesses across all clearing lines in the assigned portfolio and geographyLeveraging rating/classification downgrades and clearing usage monitoring processes to stay on top of bank's credit view of obligors and participating in quarterly portfolio/product reviews and Clearing limit rightsizing reviewsReviewing client contracts, documentation and question/challenge these if deemed to put the Business and/or Citi at risk as highlighted by product Legal PartnersWhat we need from youWell versed in the varied product offerings in Payments, including the numerous internal and external systems in use as well as the associated operational processes; hands on experience in products will be a significant advantageSolid understanding of credit and operational risk; ideally with a credit risk officer (CO) designationAbility to understand and navigate interaction of various Citi functions such as Technology, Operations, and Finance in order effectively challenge risks of the product offerings holisticallySuperior oral and written communication skills and the ability to think critically and analytically.Self-starter with the ability to work independently and across teams and geographies to accomplish goals in a timely mannerBachelor's Degree or equivalent work experienceMust be able to work at designated Citi location 3 days / weekWhat we can offer youGenerous holiday allowance starting at 27 days plus bank holidays; increasing with tenureA discretional annual performance related bonusPrivate medical insurance packages to suit your personal circumstancesEmployee Assistance ProgramPension PlanPaid Parental LeaveSpecial discounts for employees, family, and friendsAccess to an array of learning and development resourcesAlongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.Sounds like Citi has everything you need?Then apply to discover the true extent of your capabilities.Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.View Citi's EEO Policy Statement and the Know Your Rights poster.#J-*****-Ljbffr