At a Glance
- Tasks: Analyse and mitigate market risks while supporting trading teams in a dynamic environment.
- Company: Join Citi, a leading global bank with a commitment to innovation and diversity.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Collaborative team atmosphere with opportunities to work on high-stakes projects.
- Why this job: Make a real impact on capital optimisation and risk management in the finance sector.
- Qualifications: Experience in market risk, strong analytical skills, and proficiency in data management tools.
The predicted salary is between 63000 - 77000 £ per year.
The Rates In-Business Risk (IBR) team works with Global Rates trading teams in all major Markets locations to monitor, analyze and mitigate market and credit risks arising from the live risk portfolio of the business. The team also takes a leading role in capital reg implementation programs on behalf of Global Rates Front Office. In addition, the team is heavily involved in capital optimization initiatives that directly impact the return on capital for Global Rates. The primary mission of the team is to support the Front Office trading teams to manage their material risks and operate in a capital-efficient manner.
This role is for a VP-level member of the Rates IBR Team, who will be primarily involved in SME work for Basel 3 Endgame / Fundamental Review of the Trading Book (FRTB) implementation and analytics. In addition, the individual will be involved in multiple analytical projects and workstreams; responding to new mandatory regulatory rulemaking and important supervisory requirements; building and maintaining the analytical thought process and infrastructure needed for a robust risk monitoring process and market risk capitalization as part of Front Office.
Responsibilities
- Analysis of gaps and enhancements in the delivery of FRTB SA and IMA implementation for Global Rates
- Project management of stakeholder dependencies with key partner teams inside Markets
- Analysis of material drivers of market risk capital under B3E / FRTB and construction of analytical tools for market risk exposures and capital, highlighting key areas of capital optimization under FRTB SA and IMA
- Devising capital optimization strategies and solutions under the FRTB regime
- Active participation in reg-facing deliverables for the Front Office, as part of FRTB readiness reviews
- Contributing to the successful delivery of market risk projects (current Basel 2.5 regime) in line with overall Rates IBR book of work
- Analysis and streamlining of the intraday risk calculation and reporting by the team’s Technology partners
- Effective communication with key stakeholders – both internal and external to the Global Rates business
- Subject matter expertise for internal queries relating to market risk issues and ad-hoc analytical projects
Qualifications
- Understanding of / experience with Market risk and sensitivities under the current market risk capital regime (Basel 2.5) and the future regime (Basel 3 Endgame / FRTB)
- Understanding of Markets trading products, particularly Rates cash and derivative products. Experience with fixed income pricing and market risk analytics
- Exposure to trading teams in a broker/dealer environment, preferably for Fixed Income / FX / Credit asset classes
- Proficiency in excel modelling and data management techniques.
- High attention to detail and ability to manage and organize big data sets, thus adding tangible value along the chain: noise – data – information – knowledge
- Self-starter in Business Analytics tool-building initiatives
- Familiarity with quantitative analytical and visualization tools, i.e. Python / SQL / Tableau
- Understanding of Front Office trading processes across the full trade lifecycle within a large bank/dealer
- Hands-on experience to multi-task and prioritize in a challenging environment with competing priorities. High level of self-organization and self-management
- Strong verbal and written communication skills, to effectively produce procedural documentation
- Ability to communicate complex technical issues both to non-technical colleagues and to seasoned quantitative executives within the organization
- Strong interpersonal, influencing and organizational skills to mobilize and motivate delivery in a co-operative and collaborative working environment
- Strong project management skills; ability to gain consensus among colleagues and drive initiatives to completion effectively
Education and Experience
- Bachelor’s/University degree, with Master’s degree / CFA or similar qualifications a plus
- Appropriate industry knowledge & delivery track record
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
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 Citi’s EEO Policy Statement and the Know Your Rights poster.
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Rates In-Business Market Risk Analyst - Vice President - London employer: Citi
Citi is an exceptional employer, offering a dynamic work environment that fosters innovation and collaboration within the Equities Technology team. Employees benefit from cutting-edge technology, opportunities for professional growth, and a culture that values diversity and inclusion. With a focus on high-performance analytics and real-time data solutions, Citi empowers its engineers to make impactful contributions while enjoying a supportive atmosphere in a globally recognized financial institution.
StudySmarter Expert Advice🤫
We think this is how you could land Rates In-Business Market Risk Analyst - Vice President - London
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We think you need these skills to ace Rates In-Business Market Risk Analyst - Vice President - London
Some tips for your application 🫡
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Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Citi.
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How to prepare for a job interview at Citi
✨Brush Up on Financial Analysis Skills
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