Market Risk Officer, Securitized Products, Senior Vice President

Citi • New York, NY

2d • $176,720 - $265,080 • Onsite

About The Position

The Market Risk Senior Officer I is a strategic professional who closely follows the latest trends in their field and adapts them for application within their job and the business. This role requires excellent communication and diplomacy skills to negotiate internally, often at a senior level, and to guide, influence, and convince colleagues and occasional external customers. The individual is accountable for significant direct business results or authoritative advice regarding business operations, necessitating a degree of responsibility over technical strategy, primarily affecting a sub-function. This role is responsible for handling staff management issues, including resource management and allocation of work within the team/project. The core function involves measuring, monitoring, and analyzing the organization’s market risk exposure on a day-to-day and long-term basis for various financial products, with a specific focus on Securitized Products trading, including Agency and Non-agency products, particularly Agency Mortgage Trading. Market risk pertains to potential loss due to market movements such as changes in interest rates, equity prices, credit spreads, and foreign exchange rates. The officer monitors trading limits, approves transactions over established limits, and works with traders or trading management to recommend actions to mitigate risk. They are also responsible for monitoring and analyzing the organization’s risk exposure by understanding the risks and rewards of Citi products and structuring solutions to mitigate those risks. The risk manager will be primarily responsible for agency mortgage trading with some additional responsibilities for non-agency products.

Requirements

• 10+ years relevant experience
• Degree in a Quantitative or Financial discipline
• Advanced knowledge of financial instruments, risk metrics and Market Risk Management
• Advanced analytical, technical and quantitative skills
• Expert knowledge of treasury, market risk and liquidity management and knowledge of secured financing, securitization, and derivative products
• Excellent written and verbal communication skills
• Must be a self-starter, flexible, innovative and adaptive
• Highly motivated, attention to detail, team oriented, organized
• Developed presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
• Ability to work collaboratively and with people at all levels of the organization
• Excellent project management and organizational skills and capability to handle multiple projects at one time
• Proficient in MS Office applications (Excel/VBA, Word, PowerPoint) and SQL Programming/modeling experience

Nice To Haves

• Master’s degree preferred

Responsibilities

• Risk Management oversight of Market Risk function for Securitized Products trading including Agency and Non-agency products with specific focus on Agency Mortgage Trading.
• Review and approve transactions, analyze exposures, sign off on daily risk metrics including VAR, daily stress testing and FRTB metrics.
• Drive Projects to improve accuracy of Market Risk Analytics.
• Overseeing and ensuring the integrity of the risk monitoring process including quarterly limit reviews and material market risk reviews.
• Review and approve risk framework for Market Risk for risk-taking units.
• Monitor compliance with risk limits/triggers, permitted products and large, complex and illiquid pre-trade approval thresholds.
• Frequent interaction with Financial Division to understand sources of market risk variation.
• Interaction with Model Validation, Risk Analytics and Financial Control to ensure thorough concise of methodologies and models.
• Interaction with Market and Credit Risk Managers to improve accuracy of regulatory and management reporting.
• Interaction with regulators, auditors, senior business leaders and market risk management CRO.
• Partnering, collaborating and working with other areas within Citi, as necessary.
• Keeping abreast of regulatory changes, new regulations and internal policy changes.
• 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
• discretionary and formulaic incentive and retention awards

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 5,001-10,000 employees