Risk Management

What is Risk?

Citi Risk Management function is an independent unit that is designed to support improved profitability, stability and growth for Citi. Citi’s risk culture is to take intelligent risk with shared responsibility without forsaking individual accountability.

Risk and Citi?

Citi Risk Management is a strategic business partner and works closely with the global management teams in the Institutional Clients Group (ICG), the Consumer Bank and Citi Alternative Investments. The Citi Risk team encompasses a variety of specific functions such as Credit Risk, Market Risk, Risk Architecture, Infrastructure Risk and Risk Capital. 

How are We Structured?

Risk Management is a global organization, with a direct reporting line into the CEO.  Risk Management is organized by business risk, product risk, regional risk, and business management functions.

Risk has Business Chief Risk Officers (CRO’s) for each of our key business units, encompassing the Institutional Clients Group (ICG), the Consumer Bank, and Citi Alternative Investments.  The CRO’s are responsible for overseeing and managing all risk in these areas.  They partner with the respective Business Heads and the Senior Management Team for each of those units.

Product Specialists exist across a variety of specialty areas, such as Fundamental Credit, Structured Credit, and Real Estate.  They work closely with the business risk managers, regional risk managers and business partners to ensure a comprehensive and aggregated view of Citi's risks in these areas.

The Business Management functions are comprised of the Risk CAO, Risk Architecture, Risk Capital and Infrastructure Risk.  The CAO office is responsible for managing the Risk organization's role in regulatory relationships, M&A, and reengineering efforts.  Risk Architecture covers all aspects of architecting Risk's own core systems, risk reporting and analytics, Country Risk, Global Liquidity, Franchise Risk Reviews and Loan Loss Reserves.  These areas work closely with the Risk Group’s business, region and product specialists to address issues across Citi.

Regional Chief Risk Officers exist for EMEA, Latin America, and Asia.  They are responsible for managing and tracking the firm's risks across the Consumer, Institutional Client Group and Global Wealth Management businesses for the region.