Market Risk Officer, Vice President

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in Market Risk to Citi’s Risk Management team.

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview

This particular role will form part of the Equity Global Market Risk team overseeing the trading activities, which are currently concentrated in London.

The key aspects for the role include primary responsibility for the day to day risk management of the Equity trading desks in EMEA (Cash, Derivs, Delta One and Hybrids). The candidates should be able to analyse and assess the risks inherent in the portfolio and to discuss with the trading desk, risk seniors, other control functions and external regulators the types of transactions transacted across the desk and their risk dynamics.

Responsible for measuring, monitoring and analyzing the organization’s market risk exposure on a day-to-day and long-term basis for various financial products. Market risk pertains to potential loss due to market movements such as changes in interest rates, equity prices, credit spreads and foreign exchange rates. Individuals monitor trading limits and are responsible for approving transactions over certain established limits. Work with traders or trading management and recommend actions to mitigate risk. Responsible for monitoring and analyzing the organization’s risk exposure by understanding the risks and rewards of the Citi products. Structures solutions to mitigate risks of those products.

The candidates must be able to partner with the Business to help to bring a greater understanding and clarity to the main risks being taken by the trading desk, as well as Risk Based PAA analysis and FRTB regulations, in addition to ensuring that risks are being properly measured and controlled in line with the firm’s risk policies.

This role will provide unique visibility, cross-functional and cross-Risk experience and knowledge. The position involves a significant amount of interaction with senior management and direct involvement in a variety of the critical strategic projects within Citi. The role will provide a strong understanding of the regulatory environment, the respective businesses and Risk governance.

What you’ll do

1. Working with each trading desk to ensure that all relevant market risk factors are properly identified and formally captured in official risk systems.
2. Oversee and monitor the risks for the Equity and Hybrids Desks, which include exposures from a variety of risk factors (Greeks, dividends, correlation, borrow etc.).
3. Monitor exposures under the limit framework to ensure adherence to the Volcker Rule and market risk policies.
4. Update and enhance the limit framework as the relevant risks of the portfolio evolve over time.
5. Monitor, review, and discuss with the relevant FO personnel the types of transactions traded across the desk, as part of Pre-Trade approval framework.
6. Analyse complex and structured transactions, review the models to which these trades are booked to, and have an understanding of what drives the derivative trading strategies for these products (which can involve highly complex relative performance and path dependency) and the resulting effect in the overall risk profile of the business.
7. Review the various Volcker metrics of the portfolio and ensure accuracy for each Volcker submission.
8. Design and implement stress testing scenarios as part of ongoing risk management.
9. Compile, review and understand the results of the various regulatory stress tests (CCAR, ICAAP, etc.).
10. Develop and implement any enhancements to new and existing tools and processes as part of proactive risk management.
11. Small tasks/projects which constitute direct integration with trading businesses and market in general, a fantastic learning opportunity for credit market and products.
12. Working with senior mentors on well-defined mid to long term projects that require technical skills and strategic planning, enabling development in analytical capacity and critical thinking.
13. Collaborate and partner with Finance to ensure robust oversight governance.

What we’ll need from you

1. Demonstrated relevant experience.
2. Degree in a quantitative or financial discipline.
3. Good and sound understanding of markets and Market Risk Management (strong preference for prior Equities experience).
4. Good attention to detail and very strong analytical background as the trading portfolio includes complex structures.
5. Previous experience as a trader or risk manager is preferred (in particular Equities experience).
6. Knowledge of VaR, its applications and limitations.
7. Understanding of Citi’s business model and/or other financial institutions.
8. Exceptional writing skills, with ability to synthesize complex concepts, translate into ‘user-friendly’ language, and effectively present in text or slide format.
9. Strong organisational skills and the ability to multi-task effectively in a high-volume and complex environment with changing priorities.
10. Strong quantitative skills, particularly around statistics and strong attention to detail.
11. Programming skills – familiarity with Python (or similar language) a must.
12. Business Intelligence tools: Tableau, PowerBI.

What we can offer you

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

1. Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure.
2. A discretional annual performance related bonus.
3. Private medical insurance packages to suit your personal circumstances.
4. Employee Assistance Programme.
5. Pension Plan.
6. Paid Parental Leave.
7. Special discounts for employees, family, and friends.
8. Access to an array of learning and development resources.

Alongside these benefits, Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energised to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

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Job Family Group: Risk Management

Job Family: Market Risk

Time Type: Full time

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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.

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