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- Tasks: Join Citi's Risk Management Team to analyse complex market risk models and develop innovative methodologies.
- Company: Citi is a global financial institution dedicated to responsible financial services that drive growth.
- Benefits: Enjoy a hybrid work model, generous holiday allowance, private medical insurance, and continuous learning opportunities.
- Why this job: Be at the forefront of market risk developments while collaborating with senior management and diverse teams.
- Qualifications: Postgraduate degree in a quantitative field and expertise in risk management and analytics software required.
- Other info: Citi values diversity and offers a supportive workplace where you can thrive as your authentic self.
The predicted salary is between 43200 - 72000 £ per year.
Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in analysis, problem solving and communication 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 position provides an excellent opportunity for a quantitative risk analyst with a background in market risk to work within Citi's Legal Entities in London. In this role, the successful candidate will be responsible for critical deliverables involving complex market risk models related to the bank's Basel 2.5 implementation in line with Citi's internal and regulatory standards.
Currently, the Market Risk Analytics group is involved in many advanced and exciting modelling activities. Therefore, for someone with the right competency, keen interest, high degree of motivation and energy, the role offers an excellent opportunity to be at the centre of market risk model methodology developments. This role creates a broad set of opportunities for interaction with a wide range of internal functions as well as senior management within the bank.
What you'll do
- The role requires knowledge of the current Basel 2.5 modelling. This includes for example VaR, SVaR, Risk-not-in-VaR, IRC.
- Develop methodology for quantitative analysis required on various work streams for Basel 2.5 implementation within the bank.
- Provide robust, controlled, reusable, and scalable analytics capabilities to address specific Legal Entities requirements (VaR breach analysis, Backtesting, ad-hoc analyses requested by other teams).
- Produce high quality documentation for models, interact with the model validation team.
- Work with existing market risk models as required, and provide solutions where weaknesses are identified in testing, or where new business needs require model enhancements.
- Interact confidently with other risk management teams, governance teams, the front office, technology and control groups to implement improvements to the market risk models and to support any related production processes.
- Prepare reports and detailed quantitative analysis for presentation to senior management and regulators.
- Pro-actively develop deep knowledge of the forthcoming Market Risk regulations of the Fundamental Review of the Trading Book (FRTB) and its application in the legal entity.
What we'll need from you
- Experience in Risk and knowledge of one or more of the following is an advantage: derivatives pricing, exotic products, risk management practices, regulation, numerical computation, statistics.
- Experience in developing complex end-to-end models, including: identifying key steps, data analysis, ability to provide critical insights and original solutions.
- Expert level hands-on IT skills (for example: Python, C/C++, SQL, Excel, and other quantitative analytics software) are required.
- Excellent oral and written communication skills. Ability to communicate with people at all levels of seniority in the organization.
- Ability to listen and understand stakeholders' needs and find effective/comprehensive solutions.
- Educated to postgraduate level (preferably MSc or PhD in financial, mathematical or similar quantitative field), with an excellent academic record.
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 London, 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:
- Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
- A discretional annual performance related bonus
- Private medical insurance packages to suit your personal circumstances
- Employee Assistance Programme
- Pension Plan
- Paid Parental Leave
- Special discounts for employees, family, and friends
- 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.
——————————————————
Job Family Group:
Risk Management ——————————————————
Job Family:
Risk Analytics, Modeling, and Validation ——————————————————
Time Type:
Full time ——————————————————
Most Relevant Skills
Analytical Thinking, Business Acumen, Constructive Debate, Data Analysis, Escalation Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Statistics.——————————————————
Other Relevant Skills
Credible Challenge, Laws and Regulations, Management Reporting, Referral and Escalation, Risk Remediation.——————————————————
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.
VP of Risk Management Analytics - Citi employer: Citi
Contact Detail:
Citi Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land VP of Risk Management Analytics - Citi
✨Tip Number 1
Familiarise yourself with the Basel 2.5 framework and its key components, such as VaR and SVaR. This knowledge will not only help you understand the role better but also allow you to engage in meaningful discussions during interviews.
✨Tip Number 2
Showcase your quantitative skills by preparing examples of complex models you've developed in the past. Be ready to discuss your approach to data analysis and how you provided insights that led to original solutions.
✨Tip Number 3
Network with professionals in the risk management field, especially those who work at Citi or similar institutions. Attend industry events or webinars to make connections and gain insights into the company culture and expectations.
✨Tip Number 4
Prepare to demonstrate your IT skills, particularly in Python, SQL, and Excel. Consider working on a small project or case study that highlights your ability to use these tools for quantitative analysis, as this will set you apart from other candidates.
We think you need these skills to ace VP of Risk Management Analytics - Citi
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management analytics, particularly with Basel 2.5 and market risk models. Use specific examples that demonstrate your analytical skills and problem-solving abilities.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role at Citi and how your background aligns with their needs. Mention your experience with quantitative analysis and any relevant software skills, such as Python or SQL.
Showcase Communication Skills: Since excellent communication is crucial for this role, provide examples in your application that illustrate your ability to convey complex information clearly to various stakeholders, including senior management.
Highlight Continuous Learning: Citi values employees who are committed to personal and professional development. Mention any relevant courses, certifications, or self-study you have undertaken, especially related to market risk regulations or advanced modelling techniques.
How to prepare for a job interview at Citi
✨Showcase Your Analytical Skills
As a VP of Risk Management Analytics, your analytical skills are crucial. Be prepared to discuss specific examples of how you've developed complex models or conducted quantitative analyses in previous roles. Highlight your experience with Basel 2.5 and any relevant methodologies.
✨Communicate Effectively
Excellent communication is key in this role. Practice articulating complex concepts in a clear and concise manner. Be ready to explain your thought process and how you can communicate effectively with stakeholders at all levels, including senior management.
✨Demonstrate Technical Proficiency
Familiarise yourself with the technical skills required for the position, such as Python, SQL, and Excel. Be prepared to discuss how you've used these tools in your previous work, and consider bringing examples of your work or projects that showcase your technical abilities.
✨Understand Regulatory Frameworks
Citi places a strong emphasis on compliance and regulatory standards. Brush up on the latest Market Risk regulations, particularly the Fundamental Review of the Trading Book (FRTB). Showing that you have a deep understanding of these regulations will demonstrate your commitment to the role.
