In-Business Risk Director for Equity Derivatives and Clearing Businesses

Citi•New York, NY

About The Position

Oversee client trading activity and monitor active portfolios to ensure that risks are controlled and optimally sized. Communicate risk view to senior management and represent IBR in senior forums with key stakeholders across the firm. Be able to articulate and defend a divergent view. Perform trade and portfolio risk analysis incorporating scenario stress testing, sensitivity analysis, and assess margin adequacy. Formulate views around product risk appetite and be able to review and challenge business stakeholders “asks” Drive solutions that require creative thinking and collaborating with key partners in Structuring, Trading, Sales, and Risk. Establish limit structures/controls and processes to ensure that clients operate within limits. Modernize intraday risk and margin controls and processes. Work closely with Sales/Client Onboarding teams at inception to facilitate new client relationships. Work with partners in Market Risk, Quant (MQA), and others and stress test developers to create and utilize models for accurate measurement of clients' overnight or intraday exposure. This may encompass VaR, scenario stress testing, sensitivities, and liquidation costs. Prioritize risk management product development projects with partners in product development and IT Extensive experience actively managing risk (1LoD) in an institutional setting Expertise in Equity Derivatives products (vanilla and exotic OTC derivatives, QIS and hybrids) and Clearing markets across Exchange Traded Derivatives (ETDs) and OTC cleared derivatives. Exceptional analytical skills with strong attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modelling. Ability to work collaboratively with cross-functional teams from Structuring, Sales, Trading, Credit Risk, Operations and Compliance. Excellent written and verbal communication skills. Keen ability to balance risk and reward to facilitate business growth while effectively managing risk. Ability to challenge the status quo and re-engineer processes, looking for ways to do things more efficiently and effectively Scenario stress testing acumen and modelling skills are desirable. Programming skills desirable in any of the following: Python, C++, Excel (VBA), SQL.

Requirements

Extensive experience actively managing risk (1LoD) in an institutional setting
Expertise in Equity Derivatives products (vanilla and exotic OTC derivatives, QIS and hybrids) and Clearing markets across Exchange Traded Derivatives (ETDs) and OTC cleared derivatives.
Exceptional analytical skills with strong attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modelling.
Ability to work collaboratively with cross-functional teams from Structuring, Sales, Trading, Credit Risk, Operations and Compliance.
Excellent written and verbal communication skills.
Keen ability to balance risk and reward to facilitate business growth while effectively managing risk.
Ability to challenge the status quo and re-engineer processes, looking for ways to do things more efficiently and effectively
Bachelor's degree or equivalent
FINRA Series 7 & 63

Nice To Haves

Scenario stress testing acumen and modelling skills are desirable.
Programming skills desirable in any of the following: Python, C++, Excel (VBA), SQL.
Master's degree or CFA/FRM desirable

Responsibilities

Oversee client trading activity and monitor active portfolios to ensure that risks are controlled and optimally sized.
Communicate risk view to senior management and represent IBR in senior forums with key stakeholders across the firm.
Articulate and defend a divergent view.
Perform trade and portfolio risk analysis incorporating scenario stress testing, sensitivity analysis, and assess margin adequacy.
Formulate views around product risk appetite and be able to review and challenge business stakeholders “asks”
Drive solutions that require creative thinking and collaborating with key partners in Structuring, Trading, Sales, and Risk.
Establish limit structures/controls and processes to ensure that clients operate within limits.
Modernize intraday risk and margin controls and processes.
Work closely with Sales/Client Onboarding teams at inception to facilitate new client relationships.
Work with partners in Market Risk, Quant (MQA), and others and stress test developers to create and utilize models for accurate measurement of clients' overnight or intraday exposure.
Prioritize risk management product development projects with partners in product development and IT