In-Business Risk Structurer for Equity Derivatives, Vice President
About The Position
The Structurer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family. Citi is looking for an experienced in-business risk professional who will report into the Global Head of In-Business Risk (IBR) and have responsibility for counterparty risk management. In-Business Risk is a global team with product and risk expertise across the Equities franchise, and partners closely with many areas within the firm. This role will help shape how we drive business and take counterparty risk in Equity Derivatives. Over time there may be opportunity to contribute to Futures & Derivatives Clearing (FDC), Cash Equities, and/or FIPB.
Requirements
- 5-8 years of Risk or Capital Markets experience in equities, derivatives, or related areas
- Experience actively managing risk (1LoD) in an institutional setting
- Working knowledge of Equity Derivatives products (vanilla and exotic OTC derivatives, QIS and hybrids).
- 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
Nice To Haves
- 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, set margin levels, and monitor active portfolios to ensure that risks are controlled and optimally sized
- Communicate risk view to senior management and 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
- Interface with clients to help Citi grow the platform and find win-win outcomes
- 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
- Leverage internal AI tools to make self and team more efficient and productive.
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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
