Markets Analyst, In-Business Risk

Citi • New York, NY

19h

About The Position

Global Markets In-Business Risk (IBR) is a Front Office 1st Line of Defense team responsible for market risk across all asset classes in Citi’s Global Markets division. The team develops a holistic understanding of market risk across the aggregated trading portfolio, and the associated capital impact, in order to manage risk within appetites and optimize the return on capital. Global Markets IBR covers all trading businesses globally such as Rates and Currencies, Spread Products, Commodities and Equities. The focus of this role is the coverage of cross-asset portfolio risks arising from the Markets business/trading activities. What you will do: Proactively identify and quantify key market risks within Markets’ trading inventory via data analysis, considering the market environment and emerging themes. Communicate and discuss these with head of IBR and trading businesses. Help design appropriate hedging strategy as needed. Closely track performances of products across Global Markets, understand the drivers of market movements across different asset classes, analyze notable trends to form relative value and forward-looking view of material, concentration, and emerging risks. Understand the firm’s risk appetite, limits, and our capital framework to allow effective optimization and allocation of risk Build front to back holistic understanding of risk and its implications on all attributions of capital, such as Stress losses, Value-at-Risk, FRTB, etc. at Markets level Support head of IBR and trading businesses to analyze their return on capital and risk appetite ratio Work closely with independent risk teams (2nd Line of Defense) in sizing appropriate risk limits for Markets business and to monitor and manage risk limit utilizations across businesses Assist with occasional regulatory questions and requirements, including, but not limited to, requests related to FRTB readiness Work with Technology / MQA to develop and improve comprehensive risk monitoring framework to manage overall portfolio risk and capital utilization in a timely manner. What we need from you: Experience in a related role, such as Trading/Structuring/Research or quantitative analysis, with a focus on managing market risk. Risk taking experience is a benefit. Deep subject matter expertise on at least one asset class is beneficial, as is the ability to draw parallels between emerging dynamics and risks in different asset classes Strong interpersonal skills - to build relationships with trading desks and second line risk Clear and concise written and verbal communication Exceptional analytical competency, attention to detail and problem-solving skills The candidate must be highly self-motivated, with a desire to learn and continuously improve their own understanding and their contribution to the team’s goals An interest in geopolitics, financial markets and trading Strong in MS Excel. Programing skills such as SQL and python are preferred Education: Bachelor’s degree or master’s degree. Preferably in Economics, Engineering, Statistics, or Finance. This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Requirements

• Experience in a related role, such as Trading/Structuring/Research or quantitative analysis, with a focus on managing market risk.
• Strong interpersonal skills - to build relationships with trading desks and second line risk
• Clear and concise written and verbal communication
• Exceptional analytical competency, attention to detail and problem-solving skills
• The candidate must be highly self-motivated, with a desire to learn and continuously improve their own understanding and their contribution to the team’s goals
• An interest in geopolitics, financial markets and trading
• Strong in MS Excel.
• Education: Bachelor’s degree or master’s degree. Preferably in Economics, Engineering, Statistics, or Finance.

Nice To Haves

• Risk taking experience is a benefit.
• Deep subject matter expertise on at least one asset class is beneficial, as is the ability to draw parallels between emerging dynamics and risks in different asset classes
• Programing skills such as SQL and python are preferred

Responsibilities

• Proactively identify and quantify key market risks within Markets’ trading inventory via data analysis, considering the market environment and emerging themes.
• Communicate and discuss these with head of IBR and trading businesses.
• Help design appropriate hedging strategy as needed.
• Closely track performances of products across Global Markets, understand the drivers of market movements across different asset classes, analyze notable trends to form relative value and forward-looking view of material, concentration, and emerging risks.
• Understand the firm’s risk appetite, limits, and our capital framework to allow effective optimization and allocation of risk
• Build front to back holistic understanding of risk and its implications on all attributions of capital, such as Stress losses, Value-at-Risk, FRTB, etc. at Markets level
• Support head of IBR and trading businesses to analyze their return on capital and risk appetite ratio
• Work closely with independent risk teams (2nd Line of Defense) in sizing appropriate risk limits for Markets business and to monitor and manage risk limit utilizations across businesses
• Assist with occasional regulatory questions and requirements, including, but not limited to, requests related to FRTB readiness
• Work with Technology / MQA to develop and improve comprehensive risk monitoring framework to manage overall portfolio risk and capital utilization in a timely manner.

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