Job Purpose:
- Individual will be a senior resource in NAM In-Business Risk (IBR) responsible for measuring, monitoring and controlling risk for Futures, OTC clearing and FX Prime Brokerage business.
- Analyzing portfolios and businesses, (with a focus on counterparty and liquidity risk), to ensure the risks are being properly measured and controlled in accordance with the firm’s risk policies.
Job Background / Context:
In-Business Risk (IBR) is a global team supporting the Futures, OTC Clearing (FCC) and FX Prime Brokerage businesses. To fulfill this role, a Risk professional is required who has strong listed and OTC derivatives product and risk knowledge and experience with margin models, counterparty risk management in Commodities & Equities Markets.
Key Responsibilities:
- Act as global lead for all Interest Rates & Credit Derivatives risk within FCX .
- Monitor client portfolios to ensure that risks, primarily market driven counterparty risk and liquidity risk, but also documentation, legal and reputational risks are controlled.
- Perform regular risk reviews incorporating counterparty and liquidity risk measures, including scenario stress testing and sensitivities analysis, as well as adequacy of margin collected from clients.
- Establish limit structures/controls and processes to ensure that clients operate within limits.
- Build real-time risk and margin controls and processes to monitor automated client trading flows.
- Work with clients and Salespeople to size portfolio risk, regulatory capital requirements and margin levels for new client business.
- This role includes a fair amount of client interaction and it is expected this individual will be comfortable operating at senior levels with internal and external constituents.
- Work closely with Credit risk management on onboarding new clients, sizing appropriate limits and escalating issues with existing clients.
- Measure funding liquidity risk for client portfolios using a stressed liquidity model
- Working with partners in market risk and credit risk, develop and utilize models for accurate measurement of clients’ overnight exposure using VaR, scenario stress testing, sensitivities and liquidation costs.
- Put together presentations and documents for internal and external use on various topics including describing the functions of those groups (first and second line) which manage/monitor Risk, including periodic review of the control environment, vetting of new systems, processes, policies and procedures associated and related to market and/or credit risk and ensuring they are in sync with market practices.
- Continuously maintain, update and ensure full compliance with In Business Risk Procedures manual
- Prioritize risk management product development requirements with partners in product development and IT
Development Value:
- Business is in a strong growth phase giving the right candidate an opportunity to expand the role as the business grows.
- Learn about new products that are being added to Clearing
- Build solid market/credit risk experience using cutting-edge risk models and techniques
Knowledge/Experience:
- Strong knowledge of Exchange Traded Derivatives (ETD) and OTC Derivatives relating to Interest Rates & Credit. This includes Nonlinear products including Exotics.
- Relevant market risk or counterparty credit risk experience on ETD and OTC derivatives.
- A knowledge of commodity and energy products preferred. Fixed income, foreign exchange and equity products is desirable.
- Trading experience desirable.
- Ability to engage at senior levels internally and with external clients to facilitate key relationships.
Skills:
- Development and implementation of class leading risk methodologies and technology.
- Strong analytical skills with good attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modelling and assimilation of data into a working product.
- Ability to work well with cross-functional teams from Product, Sales, Credit, Operations and Compliance.
- Strong written and verbal communication skills.
- Ability to maintain a balance of risk and reward to facilitate business growth while effectively managing risk.
- Scenario stress testing skills essential and instrument modelling skills are desirable.
- Strong Excel skills ideally incorporating VBA (Visual Basic for Applications).
Qualifications:
- Bachelor’s degree required.
- Masters / PhD in Mathematics, Science or Finance/Economics is highly preferred.
Competencies:
- Good communicator.
- People Management
- Entrepreneurial.
- Strong analytical skills.
- Strong problem solving abilities.
- Ability to manage a global team.
- Excellent written and oral communication skills.
- Ability to work independently as well as in a team environment.
-
Job Family Group:
Risk Management-
Job Family:
Business Risk & Controls-
Time Type:
Full time-
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View the "EEO is the Law" poster. View the EEO is the Law Supplement.
View the EEO Policy Statement.
View the Pay Transparency Posting