Does anyone know what does portfolio manament team do at Citi Private Bank credit risk team?

Any insights will be helpful! Curious about the work in nature and the exit option.

Below is the job description

Within WCM, the Portfolio Strategy and Governance group is focused on the strategic business oversight of the portfolio management processes globally. This includes (i) developing best in class portfolio analytics, (ii) coordinating the global portfolio management framework to ensure standardization,  timely identification of areas of credit concern and remedial actions where required, (iii) establishing portfolio and product limits, (iv) leading stress testing in alignment with Enterprise Risk Management requirements.

Key Responsibilities:

  • Develop and enhance the credit risk analytical framework to support portfolio management activities related to CGW’s credit portfolio.
  • Build product expertise across the credit offerings including CRE, structured lending (including illiquid collateral), aircraft, art and law firm finance.
  • Support the development and ongoing review of portfolio and product levels limits.
  • Assist in the build-out of the portfolio risk life-cycle, i.e. risk ID, identify credit trends/emerging risks to calibrate risk appetite, and translate into portfolio/product limits.
  • Support the implementation of portfolio level analytics, business-led stress testing, and an Early Warning indicators (EWI) framework.
  • Partner with the CGW Independent Risk function and with portfolio management teams in Institutional Credit Management (ICM) to ensure consistency of processes across the firm.
  • Help determine and implement enhanced process and risk infrastructure improvements, and partner with technology teams as required.
  • Assist with other Senior Management needs, including data aggregation and presentations.
 

Looks like a team that analyzes private bank credit risk on the portfolio level. In other words, you're not directly underwriting new transactions rather you're a step further zoomed out and analyzing broader portfolio risk in the private bank. I would imagine the skillset you develop would prepare you for similar banking risk and portfolio management positions. Exit opps would not be similar to front office if that's part of the question. 

 

Is this Portfolio Management route a good one to pursue though? Is It possible for It to lead to FO? If not, Is it better than your usual MO? I'm doing an intership in a similar position, except that is more quant a DS intensive. I was in BB S&T before, and to be fair I didn't really enjoy It. Got this intership at a top BB but idk If I should accept a potential FT offer or just recruit for FO(is it still possible at an intership level for me?). Thanks!

 

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