At a Glance
- Tasks: Analyse market risks and optimise capital strategies for Global Rates trading teams.
- Company: Join Citi, a global leader in financial services with a diverse workforce.
- Benefits: Competitive salary, career growth, community engagement, and a collaborative environment.
- Other info: Dynamic role with opportunities to lead projects and influence key decisions.
- Why this job: Make a real impact in risk management while working with top industry professionals.
- Qualifications: Bachelor's degree required; Master's or CFA preferred, with strong analytical skills.
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. 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 and priorities will reflect needs of the specific workstreams and will evolve over time, however the following are some of the specific activities expected of this role:
- 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
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
Working at Citi is far more than just a job. A career with us means joining a team of approximately 219,000 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.
Rates In-Business Market Risk Analyst - Vice President employer: Citigroup Inc.
Citi is an exceptional employer that fosters a dynamic work culture in the heart of London, where innovation meets compliance. As an AI-Driven Securities Finance Product Lead, you will have access to unparalleled growth opportunities, collaborating with top-tier professionals across various teams to shape the future of finance through cutting-edge AI solutions. With a commitment to employee development and a focus on delivering strategic value, Citi stands out as a rewarding place for those seeking meaningful contributions in a regulated environment.
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We think this is how you could land Rates In-Business Market Risk Analyst - Vice President
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We think you need these skills to ace Rates In-Business Market Risk Analyst - Vice President
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