Market Risk Officer, Securitized Products, Vice President

Citi • New York, NY

23h • Onsite

About The Position

The Market Risk Officer is a strategic professional who stays abreast of developments within their field and contributes to directional strategy by considering their application in their job and the business. This role is recognized as a technical authority within the business, requiring basic commercial awareness. The position involves measuring, monitoring, and analyzing the organization’s market risk exposure on a day-to-day and long-term basis for various financial products. Market risk pertains to potential loss due to market movements such as changes in interest rates, equity prices, credit spreads, and foreign exchange rates. Individuals monitor trading limits and are responsible for approving transactions over certain established limits. They work with traders or trading management and recommend actions to mitigate risk. The role involves monitoring and analyzing the organization’s risk exposure by understanding the risks and rewards of Citi products and structuring solutions to mitigate these risks.

Requirements

• 5+ years relevant experience
• Degree in a quantitative or financial discipline
• Knowledge of financial instruments and risk metrics
• Quantitative skills including mathematics involved in risk estimation and modelling
• Excellent written and verbal communication skills
• Must be a self-starter, flexible, innovative and adaptive
• Ability to work collaboratively and with people at all levels of the organization
• Excellent written and verbal communication and interpersonal skills
• Ability to both work collaboratively and autonomously; ability to navigate a complex organization
• Advanced analytical skills
• Excellent project management and organizational skills and capability to handle multiple projects at one time
• Proficient in MS Office applications (Excel/VBA, Word, Power Point) and SQL
• Programming and/or database management experience
• Bachelor’s/University degree, Master’s degree preferred

Responsibilities

• Working with each trading desk to ensure that all relevant market risk factors are properly identified and formally captured in official risk systems
• Working with senior risk managers in Volcker compliance program
• Developing and maintaining an appropriate autonomous market risk limits framework with applicable limits and triggers
• Autonomously monitor business compliance with the firm’s market risk-related policies
• Assist in securitized products and mortgage loan risk reporting, limit monitoring, investigations and daily sign-off of risk and GSST results
• Oversee risk exposure measurement and limit monitoring processes to ensure integrity and appropriate independence of reporting
• Participate in the development of business-level stress testing that properly considers risk concentrations by product and sector, review results and assess appropriate follow-up actions
• Participate in the ongoing development, implementation and upgrade of risk systems including CRMR/VaR, CRMR/Issuer risk, LimitCentral/Volcker, LimitCentral/issuer risk
• Small tasks/projects which constitute direct integration with trading businesses and market in general, a fantastic learning opportunity for credit market and products
• Working with senior mentors on well-defined mid to long term projects that require technical skills and strategic planning, enabling development in analytical capacity and critical thinking
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

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: Executive