In Business Risk Manager Vice President NEW YORK

Citi • New York, NY

8d • $129,840 - $194,760 • Onsite

About The Position

The Global Markets In-Business Risk (IBR) team is a Front Office, first-line-of-defense team responsible for market risk across asset classes within Citi’s Global Markets division. The team develops a holistic understanding of market risk and capital across the aggregated trading portfolio and seeks to optimize business returns on capital. Its coverage spans Rates and Currencies, Global Spread Products, Commodities, and Global Equities.

This Vice President-level role focuses on cross-asset portfolio risks arising from the firm’s trading activities. The successful candidate will bring fixed income trading experience, strong market knowledge, and familiarity with pricing, valuation, and risk frameworks. The role includes analyzing market risks and capital, supporting the firm’s Fundamental Review of the Trading Book (FRTB) program, and developing risk monitoring and analytics. The position also works closely with trading businesses, independent risk teams, Technology, Quants, and other partners, and includes mentoring junior team members. Other job-related duties may be assigned as required.

Requirements

• 5–10 years of experience, preferably in fixed income trading or structuring/quantitative analysis, with significant focus on managing market risk.
• Familiarity with risk management frameworks and ability to derive risk insights from metrics such as HVaR.
• Broad cross-asset-class product and market knowledge.
• Exceptional analytical, quantitative, and numerical competency, with strong attention to detail and problem-solving skills.
• Clear and concise written and verbal communication skills, including the ability to engage effectively with senior stakeholders.
• Excellent interpersonal skills and ability to build relationships with trading desks, second-line risk teams, Technology, and other partners.
• Highly self-motivated and inquisitive, with a strong interest in financial markets and trading.
• Bachelor’s or Master’s degree; preferably in a quantitative field such as Finance, Economics, Engineering, or Statistics.

Nice To Haves

• Advanced programming skills in Python and SQL.
• Enthusiasm for adopting and championing AI.
• Background in fixed income trading.

Responsibilities

• Identify, quantify, and analyze market risks in Markets’ trading inventory, taking into account market conditions, emerging themes, and portfolio concentrations.
• Communicate risk findings and dynamics to the Head of IBR and senior trading business heads.
• Own Markets RWA monitoring and analytics; identify drivers, emerging risk concentrations, and opportunities to manage RWA across trading portfolios.
• Support the firm’s FRTB program, including IMA implementation, SA readiness, data analytics, model performance analysis, and regulatory engagement related to market risk capital.
• Apply understanding of the firm’s risk appetite, limits, and capital framework to optimize and allocate risk effectively.
• Track product performance across Global Markets and assess market-movement drivers to form forward-looking views on material, concentration, and emerging risks.
• Translate complex risk, P&L, and market data into actionable insights and develop solutions for first-line market-risk monitoring.
• Support the Head of IBR and Business Heads in analyzing return on capital and adherence to the firm’s risk appetite framework.
• Collaborate with independent second-line risk teams to size business risk limits and monitor risk utilization.
• Partner with Technology, Quants, and asset-class IBR teams to develop data analytics tools and risk monitoring frameworks that improve first-line risk management efficiency.
• Assist with regulatory inquiries and requirements, including FRTB deliverables.
• Provide thought leadership and mentor junior team members, supporting their development and the quality of analytical work.

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: Senior