In-Business Market Risk Manager - C15 - NEW YORK
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 helps optimize the business’s return on capital. It covers trading businesses globally, including Rates and Currencies, Global Spread Products, Commodities, and Global Equities. This Director-level role focuses on cross-asset portfolio risks arising from the firm’s trading activities. The successful candidate will bring a fixed income trading background, deep market knowledge, and experience with pricing, valuation, and risk frameworks. The role involves identifying and analyzing risk, supporting risk mitigation and capital optimization, working with trading and independent risk teams, and developing analytical tools and monitoring frameworks. It also includes providing thought leadership and mentoring junior team members.
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.
- Highly self-motivated and inquisitive, with a strong interest in financial markets and trading.
- Strong relationship-building skills to work across trading desks, second-line risk teams, quantitative groups, and technology partners.
- Exceptional written and verbal communication skills, including the ability to engage, influence, and negotiate with senior stakeholders and internal partners.
- Deep expertise in pricing and valuation frameworks, Greeks, and risk metrics such as HVaR and stress testing, and the ability to translate quantitative metrics into actionable trading and capital insights.
- Familiarity with at least one major asset class, such as EM Rates, and broad cross-asset product and market knowledge.
- Exceptional analytical, quantitative, and numerical competency, with strong attention to detail and problem-solving skills.
- Proven experience leading or guiding junior analysts or team members.
- Bachelor’s or Master’s degree; a quantitative field such as Finance, Quantitative Finance, Economics, Engineering, or Statistics is preferred.
Nice To Haves
- Advanced programming skills in Python and SQL.
- Enthusiasm for adopting and championing AI.
- A degree in a quantitative field such as Finance, Quantitative Finance, Economics, Engineering, or Statistics.
Responsibilities
- Track product performance across Global Markets, understand market-movement drivers, and form forward-looking views on material, concentration, and emerging risks.
- Proactively identify, quantify, and analyze ex-ante market risks in 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 strategies as needed.
- Apply knowledge of the firm’s risk appetite, limits, and capital framework to optimize and allocate risk effectively.
- Support the Head of IBR and Business Heads in analyzing return on TCE and stress loss capital/SCB, and assess adherence to the firm’s risk appetite framework.
- Collaborate with independent second-line risk teams to size appropriate business risk limits and monitor risk utilization.
- Partner with Technology, Quants, and asset-class-specific IBR teams to develop data analytics tools and risk-monitoring frameworks that improve first-line risk management efficiency.
- Translate complex risk, P&L, and market data into actionable insights and develop solutions for monitoring first-line Market Risk.
- Provide thought leadership and mentor junior team members, supporting their development and the quality of analytical output.
Benefits
- Medical coverage
- Dental coverage
- Vision coverage
- 401(k)
- Life insurance
- Accident insurance
- Disability insurance
- Wellness programs
- Paid time off, including vacation and sick leave
- Paid holidays
- Discretionary and formulaic incentive and retention awards for eligible employees
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What This Job Offers
Job Type
Full-time
Career Level
Director
