Senior Spread Products In-Business Risk

Citi • New York, NY

3d

About The Position

Spread Products In-Business Risk (IBR) is a Front Office 1st Line of Defense team responsible for market risk and capital management within Citi’s Spread Products business. Spread Products IBR covers all Spread Products trading and financing businesses globally. Products include agency and non-agency mortgages, credit (developed markets and emerging markets) and securitized products. The role will report to the Head of Spread Products In-Business Risk and Capital Management. The main focus of this role is a coverage of portfolio risks arising from trading and financing activities across the Spread Products business.

Requirements

• 15+ years of experience in a Trading/Structuring/Risk Management role for which one of the focuses was centered on managing market risk.
• Expert knowledge across all Spread Products asset classes- agency and non-agency mortgages, credit (developed markets and emerging markets) and securitized products
• Extensive experience in managing regulatory interactions and workstreams
• Effective interpersonal skills to develop and maintain relationships.
• Consistently clear and concise written and verbal communication.
• Exceptional analytical and numerical competency.
• Strong analytical / quantitative background.
• Must have strong attention to detail, be self-motivated and inquisitive with an interest in financial markets and trading.

Responsibilities

• Identify and monitor key systemic and idiosyncratic risks across Spread Products’ trading and financing businesses including frequent discussions with the head of Spread Products, head of Spread Products IBR and heads of Spread Products Flow and Structured Trading.
• Closely track position level performance of on a regular basis, 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.
• Design and implement consistent risk metrics that explain the performance of the Spread Products positions in different market environments.
• Work with colleagues in Spread Products/MQA/Technology to develop comprehensive risk monitoring framework to manage overall portfolio risk and ensure efficient allocation of capital.
• Build front to back holistic understanding of risk across Spread Products including implications on all attributions of capital, such as Stress losses, Value-at-Risk, etc. and strengthen risk monitoring, control, and governance processes.
• Work closely with independent risk teams (2nd Line of Defense) in sizing appropriate risk limits for the overall business and monitor risk limit utilizations across businesses.
• Represent the Spread Products business providing SME input on market risk in Regulatory/Audit meetings, Stress Testing scenario design/CCAR/other regulatory workstreams and be able to influence the outcome.

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: Senior
• Number of Employees: 5,001-10,000 employees