In-Business Risk for Equity Derivatives, Assistant Vice President

Citi • New York, NY

1d • $150,000 - $175,000

About The Position

Citi is seeking an in-business risk professional to manage counterparty risk for Equity Derivatives and other Equities business lines. Reporting to the Global Head of In-Business Risk (IBR), the role is part of a global team with product and risk expertise across the Equities franchise and works closely with partners across the firm. The position helps shape how the business takes and manages counterparty risk, with opportunities to contribute to Cash Equities, Futures & Derivatives Clearing (FDC), and Fixed Income Prime Brokerage (PB).

The Structurer in IBR is a strategic professional who stays current on developments in the field and contributes to directional strategy. The role serves as a technical authority, provides advice on business technology or operations, and delivers complex work with significant impact across the area. It requires commercial awareness, communication and diplomacy skills, and the ability to guide and influence colleagues and occasional external customers.

Requirements

• 2–7 years of quantitative, risk, or capital markets experience in equities, derivatives, or related areas, depending on candidate and level.
• Quantitative and statistical modeling experience with financial products.
• Experience actively managing risk (1LoD) in an institutional setting.
• Working knowledge of Equity products and related derivatives.
• Exceptional analytical skills, strong attention to detail, and demonstrated aptitude for addressing analytical issues through quantitative modeling.
• Ability to collaborate with cross-functional teams, including Structuring, Sales, Trading, Credit Risk, Operations, and Compliance.
• Excellent written and verbal communication skills.
• Ability to balance risk and reward to facilitate business growth.
• Curiosity, drive, and ability to challenge the status quo and re-engineer processes for greater efficiency and effectiveness.
• Scenario stress testing acumen and modeling skills.
• AI/LLM acumen and programming skills in at least one of Python, C++, Excel (VBA), or SQL.
• Bachelor’s degree or equivalent.

Nice To Haves

• Master’s degree.
• CFA or FRM.

Responsibilities

• Assist in developing an end-to-end counterparty credit risk platform and risk management framework for Equity products.
• Use AI and programming languages to assimilate data and build core functionality for the team.
• Develop and use risk management tools to measure, monitor, and manage exposure.
• Perform routine daily and weekly analysis, as well as customized risk analysis, and communicate key findings to senior management.
• Help oversee client trading activity, set margin levels, and monitor active portfolios to ensure risks are controlled and appropriately sized.
• Analyze trade and portfolio risk using scenario stress testing and sensitivity analysis, and assess margin adequacy.
• Drive solutions through creative problem-solving and collaboration with partners in Structuring, Trading, Sales, and Risk.
• Develop intraday risk controls and processes.
• Work with Market Risk, Quant (MQA), and other partners and stress test developers to create and use models that measure clients’ overnight or intraday exposure, potentially including VaR, scenario stress testing, sensitivities, and liquidation costs.

Benefits

• Medical, dental, and vision coverage.
• 401(k).
• Life, accident, and disability insurance.
• Wellness programs.
• Paid time off, including vacation, sick leave, and paid holidays.
• Eligible employees may receive discretionary and formulaic incentive and retention awards.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level