In-Business Market Risk Manager - C15 - NEW YORK

Citi • New York, NY

4d • $200,000 - $300,000 • Onsite

About The Position

The Global Markets In-Business Risk (IBR) is a Front Office 1st Line of Defense team responsible for market risk across asset classes within Citi’s Global Markets division. The team aims to establish a holistic understanding of market risk and capital of the aggregated trading portfolio, as well as to optimize the business’s return on capital. Global Markets IBR covers all trading businesses globally such as Rates and Currencies, Global Spread Products, Commodities, and Global Equities. This Director-level role will focus on the coverage of cross-asset portfolio risks arising from the firm's trading activities. The ideal candidate will have a background in fixed income trading and possess deep market knowledge and experience with pricing/valuation/risk frameworks.

Requirements

• 10+ years of experience in Fixed Income Trading, Structuring, or Quantitative Strategy, with a proven track record of risk-taking, pricing complex transactions, or portfolio management.
• Must be highly self-motivated and inquisitive, with a strong interest in financial markets, and trading.
• Strong relationship-building skills to bridge trading desks, second-line risk teams, quantitative groups, and technology partners.
• Exceptional written and verbal communication skills, with a proven ability to engage, influence, and negotiate with senior stakeholders and internal partners.
• Deep subject matter expertise in pricing/valuation frameworks, Greeks, and risk metrics (HVaR, Stress Testing), with the ability to translate quantitative metrics into actionable trading and capital insights.
• Familiarity with at least one major asset class (e.g., EM Rates) and broad cross-asset class product and market knowledge.
• Exceptional analytical, quantitative, and numerical competency with strong attention to detail and problem-solving skills.
• Proven experience in leading or guiding junior analysts or team members.
• Bachelor’s or Master’s degree, preferably in a quantitative field such as Finance, Quantitative Finance, Economics, Engineering, or Statistics.

Nice To Haves

• Advanced programming skills in Python and SQL are preferred; should be enthusiastic AI adopter/champion.

Responsibilities

• Closely track the performance of products across Global Markets, understanding the drivers of market movements to form a forward-looking view on material, concentration, and emerging risks.
• Proactively identify, quantify, and analyze ex-ante market risks within the Markets’ trading inventory, considering the broader market environment, emerging themes, and portfolio concentrations.
• Communicate findings and discuss risk dynamics with the Head of IBR and senior trading business heads.
• Perform market analysis to help design appropriate risk mitigating hedging strategy as needed.
• Understand the firm’s risk appetite, limits, and our capital framework to allow effective optimization and allocation of risk.
• Support the Head of IBR and Business Heads in analyzing their return on TCE (Tangible Common Equity) and stress loss capital/SCB (Stress Capital Buffer) and adherence to the firm's risk appetite framework.
• Work collaboratively with independent risk teams (2nd Line of Defense) to size appropriate risk limits for the business and monitor risk utilization.
• Drive the development of advanced data analytics tools and comprehensive risk monitoring frameworks by partnering with Technology, Quants, and asset-class specific IBR teams to enhance first-line risk management efficiency.
• Possesses the ability to translate complex risk, P&L and market data into actionable insights and develop sophisticated solutions for monitoring first-line Market Risk.
• Provide thought leadership and mentorship to junior members of the team, fostering their professional development and ensuring the highest quality of analytical output.

Benefits

• medical, dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

What This Job Offers

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