Analyst/Associate - In Business Risk For Futures, OTC Clearing And FX Prime Brokerage

Job Background / Context:

In-Business Risk (IBR) is a global team with product and risk expertise across the FX, Futures, OTC and Equities product suite. This role is NY-based and will support the Futures, OTC Clearing (FCC) and FX Prime Brokerage businesses. To fulfill this role, a Risk professional is required who has working risk knowledge and experience across different asset classes (Rates, FX, Credit, Commodities & Equities Markets).

Job Purpose:

• Individual will be a risk manager in New York’s In-Business Risk (IBR) for Equities responsible for measuring, monitoring, and controlling risk for FX Prime Brokerage, Futures and OTC clearing. Working knowledge in any of these asset classes is a plus.
• 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.
• Build out dashboards and customized reports for risk monitoring purposes

Job Description

Key Responsibilities:

• Daily review of client risks
• 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 sensitivity 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.
• Help produce and maintain client risk reports for consumption by independent risk and senior product stakeholders.
• Work closely with OPS/Execution/Onboarding team to help facilitate limit approvals for existing and new clients on the platforms.
• Work closely with Credit risk management on onboarding new clients, sizing appropriate limits and escalating issues with existing clients.
• 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.
• 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
• Formulate views around product risk appetite and be able to review and challenge business stakeholders risk “asks”

Knowledge/Experience:

• Knowledge of FX products (Spot, Forward, Options), Exchange Traded Derivatives (ETD) and OTC Derivatives relating to Interest Rates and Credit.
• Relevant market risk or counterparty credit risk experience on ETD and OTC derivatives.
• Some knowledge or understanding of commodity and energy products is a plus. Fixed income, foreign exchange and equity products is also desirable.

Skills:

• 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.
• Ability to challenge the status quo and re-engineer processes, looking for ways to do things more efficiently and effectively
• Scenario stress testing skills essential and instrument modelling skills are desirable.
• Strong programming skills required in Excel (VBA) and Python.

Qualifications:

• Bachelor’s degree required.
• Pursuit towards a financial certificate desirable but not required, CFA, FRM, CAIA, etc.

Competencies:

• Strong communication skills.
• Entrepreneurial.
• Strong analytical skills.
• Strong problem-solving abilities.
• Excellent written and oral communication skills.
• Ability to work independently as well as in a team environment.

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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.