Product Developer - Assistant Vice President

Citi•Getzville, NY

4d•$77,280 - $115,920

About The Position

The Product Developer will plan and execute priority projects for the Counterparty Credit Risk (CCR) Product Development team within Citi’s Enterprise Data Office. The EDO supports wholesale and counterparty credit risk management as part of Citi’s first line of defense, working with Independent Risk teams and institutional businesses to strengthen risk controls, support client responsiveness, and align with business and regulatory goals. The CCR Product Development team builds analytical tools and innovative solutions to help measure, monitor, and control counterparty risk for institutional clients. It assesses portfolios and businesses, with a focus on counterparty and collateral risk, to ensure risk is measured and controlled in accordance with Firm policies. The role involves developing UAT strategies and test plans, defining requirements for technology projects, exploring AI applications, automating processes, analyzing stress testing and risk data, and working with business, risk, and technology stakeholders on risk infrastructure and reporting.

Requirements

5+ years of experience in the financial industry and banking.
Subject matter expertise in counterparty credit risk, risk management concepts, data, systems, and processes.
Proven expertise in Counterparty Credit Risk, including a deep understanding of risk modeling and mitigation techniques.
Understanding of derivatives, SFTs, and other wholesale products.
Understanding of stress testing, credit and market data, pricing, calculations, and reporting.
Strong Excel skills.
Large-scale project management experience.
Strong analytical and problem-solving skills, including the ability to apply advanced analytical techniques to complex business problems.
Demonstrated experience writing detailed business requirements documents for complex financial systems.
Ability to work well with cross-functional teams from Business, Credit, Operations, and Compliance.
Strong written and verbal communication skills.
Intellectual curiosity and analytical and conceptual abilities.
Ability to collaborate and communicate clearly with senior members of an organization.
Ability to work independently and in a team environment.
Bachelor’s or master’s degree in finance, technology, economics, or a related field.

Nice To Haves

Experience with Artificial Intelligence (AI) and/or Machine Learning (ML) concepts and their application in a financial context.
VBA (Visual Basic for Applications) skills.
Experience handling large volumes of data.
Database programming skills.
Experience with Tableau, Python, R, or other statistical languages.

Responsibilities

Develop UAT strategies for testing high-priority CCR deliverables.
Create UAT test plans to ensure technology deliverables meet business requirements.
Explore and apply AI techniques to enhance risk identification and measurement.
Help automate manual CCR processes using technology tools and AI solutions.
Define and document detailed business requirements for technology projects focused on Counterparty Credit Risk.
Conduct impact analysis for changes before production implementation.
Coordinate with in-business and second-line risk managers and senior stakeholders to understand priorities.
Work with technology teams to build infrastructure for effective, accurate, and timely risk management and reporting.
Build project plans, facilitate data and impact analysis, and define business requirements and UAT strategies for technology implementations.
Help align risk measures for consistent monitoring and document methodology differences.
Track and address CCR data and methodology issues, develop weekly metrics, and create remediation plans for technology fixes.
Perform daily and weekly analysis of stress variances and identify operational issues and technology fixes.
Develop and enhance tools for measuring, monitoring, and reporting counterparty exposure, including Stress Testing, PFE, and Risk Capital.
Participate in project management for strategic risk infrastructure development, incorporating advanced analytics and AI.
Work with technology teams to understand stress testing infrastructure, systems, and data flows; identify and document gaps and recommend target-state improvements.
Communicate key findings and issues to senior management and provide regular status updates.
Create presentations and documents for internal and regulatory use, including materials on stress methodologies and stress-testing issues.

Benefits

Medical coverage
Dental coverage
Vision coverage
401(k)
Life insurance
Accident insurance
Disability insurance
Wellness programs
Paid time off, including vacation and sick leave
Paid holidays
Eligible employees may receive discretionary and formulaic incentive and retention awards