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- Tasks: Join a dynamic team ensuring compliance with market risk regulations and enhancing control frameworks.
- Company: Citi, a global leader in financial services with over 230,000 dedicated professionals.
- Benefits: Competitive salary, career growth opportunities, and a chance to make a real impact.
- Why this job: Be at the forefront of regulatory control and data management in a fast-paced environment.
- Qualifications: Experience in regulatory control, risk management, and understanding of FRTB regulations.
- Other info: Collaborative culture with a focus on professional development and community engagement.
The predicted salary is between 36000 - 60000 £ per year.
Discover your future at Citi. Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact.
This role is part of the Global Markets In-Business Risk (IBR) function which is a Front Office 1st Line of Defense team responsible for market risk across asset classes within Citi's Global Markets division. The team aims to establish a holistic understanding of market risk and capital of the aggregated trading portfolio, as well as to optimize the business's return on capital. Global Markets IBR covers all trading businesses globally such as Rates and Currencies, Global Spread Products, Commodities, and Global Equities.
The main focus of this role is as coverage for cross-asset markets business/trading activities where we are seeking a highly motivated and experienced Regulatory Control & Data Specialist to focus on the Fundamental Review of the Trading Book (FRTB) Trading Book (TB)/Banking Book (BB) Boundary and Firm Account Metadata. The successful candidate will play a critical role in ensuring compliance with existing and future regulations, enhancing control frameworks, and providing expert guidance to business stakeholders. This role will involve a blend of regulatory interpretation, data governance, and project management.
Key Responsibilities- FRTB TB/BB Boundary
- Control Remediation: Review outputs from automated control processes and collaborate with business stakeholders to promptly remediate exceptions related to the TB/BB Boundary.
- Control Framework Enhancement: Continuously strive to improve the existing control framework, ensuring robust business compliance with both current Basel 2.5 and forthcoming FRTB regulations concerning the TB/BB Boundary.
- Advisory & Guidance: Provide expert guidance to the business on TB/BB boundary matters and associated booking practices, fostering a deep understanding of regulatory requirements.
- Regulatory Interpretation & Implementation: Actively participate in discussions surrounding regulatory interpretative issues impacting the TB/BB Boundary and assist the business in implementing the outcomes of such interpretations with Finance and RWA/Capital teams.
- Stakeholder Partnership: Partner closely with the business, IBR function, Price Risk stakeholders e.g. the Volcker Rule Office (VRO) and 2nd Line Market Risk, on change management initiatives related to the TB/BB Boundary, including desk definition and Limit Monitoring.
- Subject Matter Expertise (SME): Develop and maintain subject matter expertise in Firm Account Metadata and its critical impact on downstream Price Risk processes affecting the Markets businesses.
- Metadata & Control Improvement: Collaborate with Price Risk stakeholders to improve underlying metadata quality and enhance the supporting control framework and governance processes associated with Firm Account data.
- Data Consent Order Implementation: Assist in the implementation of the Data Consent Order framework to improve upstream processes and controls specifically for Firm Account data.
- Required Skills & Experience
- Understanding of FRTB regulations, specifically concerning the Trading Book/Banking Book Boundary.
- Proven experience in regulatory control, compliance, or risk management within financial services.
- Demonstrated ability to interpret regulatory guidance and translate it into practical business implications.
- Experience with data governance, metadata management, and data quality initiatives.
- Familiarity with Volcker Rule requirements and their interaction with trading book definitions would be ideal.
- Experience with workflow tool implementation or data remediation projects.
- Knowledge of Markets businesses and associated Price Risk processes.
Education: Bachelor's/University degree, Master's degree preferred.
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.
Regulatory Control & Data Specialist - FRTB TB/BB Boundary & Firm Account Metadata - Citi in London employer: Citi
Contact Detail:
Citi Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory Control & Data Specialist - FRTB TB/BB Boundary & Firm Account Metadata - Citi in London
✨Tip Number 1
Network like a pro! Reach out to current employees at Citi through LinkedIn or industry events. A friendly chat can give you insider info and maybe even a referral!
✨Tip Number 2
Prepare for the interview by understanding FRTB regulations inside out. Brush up on your knowledge of the Trading Book/Banking Book Boundary, as it’s crucial for the role.
✨Tip Number 3
Showcase your problem-solving skills during interviews. Be ready to discuss how you've tackled regulatory challenges in the past and how you can enhance control frameworks.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Regulatory Control & Data Specialist - FRTB TB/BB Boundary & Firm Account Metadata - Citi in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Regulatory Control & Data Specialist. Highlight your experience with FRTB regulations and any relevant projects you've worked on. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Don't forget to mention your understanding of market risk and compliance – that's key for us!
Showcase Your Analytical Skills: In this role, analytical thinking is crucial. When detailing your experiences, focus on how you've used data to drive decisions or improve processes. We love seeing candidates who can turn numbers into insights!
Apply Through Our Website: We encourage you to apply through our website for the best chance of being noticed. It’s straightforward and ensures your application goes directly to our hiring team. Plus, we can't wait to see what you bring to the table!
How to prepare for a job interview at Citi
✨Know Your Regulations
Make sure you brush up on FRTB regulations, especially the Trading Book/Banking Book Boundary. Being able to discuss these in detail will show that you're not just familiar with the terms but can also apply them practically.
✨Showcase Your Experience
Prepare specific examples from your past roles where you've dealt with regulatory control or compliance. Highlight how you interpreted regulations and implemented changes, as this will demonstrate your hands-on experience and problem-solving skills.
✨Understand the Business
Familiarise yourself with Citi's Global Markets division and its trading activities. Knowing how different asset classes operate will help you engage in meaningful discussions and show that you're genuinely interested in the role.
✨Engage with Stakeholders
Think about how you would approach collaboration with various stakeholders, like the Volcker Rule Office or Price Risk teams. Be ready to discuss how you would build relationships and manage change initiatives effectively.
