Market Risk Officer, Senior Vice President

Citi • New York, NY

15d

About The Position

The Market Risk Senior Officer I is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Typically a small number of people within the business that provide the same level of expertise. Excellent communication skills required in order to negotiate internally, often at a senior level. 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. Accountable for significant direct business results or authoritative advice regarding the operations of the business. Necessitates a degree of responsibility over technical strategy. Primarily affects a sub-function. Responsible for handling staff management issues, including resource management and allocation of work within the team/project. Responsible for 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. Work with traders or trading management and recommend actions to mitigate risk. Responsible for monitoring and analyzing the organization’s risk exposure by understanding the risks and rewards of the Citi products. Structures solutions to mitigate risks of those products.
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

• In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.
• Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs.
• Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.
• For additional information regarding Citi employee benefits, please visit citibenefits.com.
• Available offerings may vary by jurisdiction, job level, and date of hire.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level