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61 Citigroup Credit Risk Associate Jobs Hiring Near You

Chase

Environmental Credit Risk Sr Officer

Plano, TX

Environmental Credit Risk Associate Bring your expertise to JPMorganChase. As part of Risk Management and Compliance, you are at the center of keeping JPMorganChase strong and resilient. You help the ...

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What are the key skills and qualifications needed to thrive as a Credit Risk Associate, and why are they important?

To thrive as a Credit Risk Associate, you need strong analytical skills, attention to detail, and a solid understanding of financial statements, typically backed by a degree in finance, economics, or a related field. Familiarity with risk assessment software, credit modeling tools, and proficiency in Excel or similar data analysis programs are essential technical requirements. Strong communication, problem-solving abilities, and sound judgment help you effectively collaborate with stakeholders and make informed recommendations. These skills and qualities are crucial for accurately assessing creditworthiness and minimizing financial risk for the organization.

How does a Credit Risk Associate typically collaborate with other teams within a financial institution?

Credit Risk Associates work closely with various departments, including front-office lending teams, compliance, and portfolio management. They regularly communicate with relationship managers to gather client information, and partner with data analysts to assess credit models and risk metrics. This collaborative environment ensures that credit decisions are well-informed and compliant with internal policies. Being proactive and communicative is key, as the role often requires balancing risk assessment with business growth objectives.

What does a Credit Risk Associate do?

A Credit Risk Associate is responsible for assessing and managing the risk that a borrower may default on a loan or credit obligation. They analyze financial statements, credit reports, and market data to evaluate the creditworthiness of individuals or companies. Their work helps financial institutions make informed lending decisions, set appropriate credit limits, and comply with regulatory requirements. Credit Risk Associates also monitor existing credit exposures and may recommend strategies to mitigate potential losses.

What is the difference between Credit Risk Associate vs Credit Analyst?

AspectCredit Risk AssociateCredit Analyst
Required CredentialsBachelor's degree, relevant certifications often preferredBachelor's degree, certifications like CFA or credit-specific courses beneficial
Work EnvironmentFinancial institutions, banks, credit agenciesBanks, investment firms, credit rating agencies
Employer & Industry UsageCommonly used in risk management teamsUsed in credit assessment and lending decisions
Comparison Search IntentUnderstanding risk roles in creditAnalyzing creditworthiness of clients

Both roles involve assessing credit-related information, but Credit Risk Associates focus on managing overall risk exposure, while Credit Analysts evaluate individual creditworthiness. The roles often overlap in skills and industry settings, making them closely related but distinct in scope.

What is it like to work at Citigroup?

Citigroup is a global financial institution that values diversity, inclusion, and innovation, fostering a collaborative and dynamic work environment. The company operates through various business units, including consumer banking, corporate and investment banking, and markets and securities, with a focus on providing financial services to individuals, corporations, and governments worldwide. Working at Citigroup may appeal to candidates seeking a challenging and rewarding career in finance, with opportunities for professional growth and development in a global organization.
What other companies are hiring for Credit Risk Associate jobs?
Bilingual Japanese Credit Risk Associate

Bilingual Japanese Credit Risk Associate

BizTek People, Inc.

Manhattan, NY • On-site

Other

Medical, Retirement, PTO

Posted 27 days ago

Job description

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Portfolio Management<\/span><\/u>
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  1. Perform due diligence and regularly scheduled credit reviews.<\/span>
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  2. Analyze credit risk of the designated portfolio, determine accurate ratings and make recommendations of accurate and timely ratings to management;  Designated customers for associates and above will be more complicated ones than those assigned to junior portfolio managers (i.e. analyst), such as lower graded customers, customers with large credit exposure, customers with structured finance transactions, and customers with complex corporate structure. (Associate<\/span><\/u>)<\/span>
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  3. Prepare detailed credit analysis and credit applications in accordance with Bank's credit policies and procedures, including evaluation of loan purpose and structure, repayment sources, corporate, regulatory and industry risk, liquidity, asset protection, historical and projected operating performance and capital structure..<\/span>
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  4. Function as a subject matter expert (SME) with regard to particular industries and industry subsectors.<\/span>
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  5. Fully understand and be able to assess risk of standard bank products including loans, standby letter of credit, trade finance, foreign exchange, derivatives, and securitization.<\/span>
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  6. Interview the borrower's senior management to assess their business\/financial risks\/challenges.<\/span>
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  7. Coordinate and communicate critical account information to various related parties throughout the bank.<\/span>
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  8. Oversee covenants compliance, facility due date, condition\/instruction\/report<\/span> required, and call memos.<\/span>
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  9. Maintain direct communication with assigned customers, if needed by RM (relationship manager).<\/span>
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  10. Responsible for coordinating and communicating account information to external regulators, OCC, FRB, JFSA, BOJ, and SNIC.<\/span>
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  11. Perform other risk related functions as needed.<\/span>
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    Deal Support<\/span><\/u>
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    1. Work with business lines\/product groups to identify prospective transactions.<\/span>
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    2. Identify structural risks and mitigants in prospective transactions and recommend\/enhance structuring of deals and covenant in line with policies and procedures. (Associate<\/span><\/u>)<\/span>
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    3. Advise account officers on credit risk issues, terms and conditions to craft the best possible deal with a goal of improving profit and minimizing credit cost. (Associate<\/span><\/u>)<\/span>
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    4. Communicate with credit division\/administration<\/span> with regard to rating rationale, facility structuring\/exposures<\/span> and ensure credit division provided with all credit related information and analysis pertinent to making a decision.<\/span>
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      Policy Compliance<\/span><\/u>
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      1. Ensure compliance with external regulatory requirements (JFSA, BOJ, FRB, OCC and FDIC).<\/span>
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      2. Ensure compliance with internal policy and procedures by understanding and adhering to Americas Credit Policy (ACP), Americas Credit\-Related Procedures (ACRP), Credit Rules, Procedures for Credit Ratings, JCB Operating Manual, and any other applicable pronouncements.<\/span>
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        Support Dept. Manager and Team Leaders in credit risk management process<\/span><\/u>.<\/span>
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        1. Support junior analysts on OJT basis as assigned by Manager or Team Leader. (Associate<\/span><\/u>)<\/span>
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        2. Study, develop and improve analytical skills of the team through close communication with related divisions, such as Americas Credit Review (ACR), Corporate Banking Credit (CDA), Credit Policy Office and other Credit Divisions with support from Team Leader or Manager.<\/span>
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        3. Study, development and improvement of credit risk management procedures applicable to JCB in collaboration with related divisions. (Associate<\/span><\/u>)<\/span>
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        4. Maintain and monitor compliance reporting requirements.<\/span>
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          Requirements<\/h3>\n
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          1. Ability to multi\-task and work under high stress (when required) and time\-sensitive work environment<\/span>
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          2. Strong time management, organization and administrative skills and ability to manage multiple projects<\/span>
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          3. Strong attention to details for accuracy and integrity<\/span>
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          4. MS Office including Outlook, Word, Excel and PowerPoint. <\/span>
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          5. Good<\/span> knowledge in finance, accounting, legal, regulations for commercial banking products<\/span>
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          6. Bachelor degree in accounting<\/span> or <\/span>finance.<\/span>
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          7. MBA\/ CFA preferred <\/span>
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          8. 3\-8 years working experience in large financial institutions<\/span>
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          9. Previous <\/span>industry <\/span>experiences <\/span>
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          10. Japanese language skills<\/span>
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            Benefits<\/h3>

            Comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, a paid maternity and parental bonding leave, and paid vacation, sick days, and holidays.<\/span>
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