Job Description

Excited to grow your career?

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills and experience to Citi’s Global Market Risk team.

By joining Citi you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Our people make all the difference in our success.

This role is an opportunity for a career move in market risk model governance at the heart of a global financial institution, to bring your skills in change management in an evolving regulatory environment with the Fundamental Review of the Trading Book (FRTB) Internal Model Approach (IMA) and FRTB Standardised Approach (SA) implementation.

Core to the role is leading in the development, implementation and management of risk model governance frameworks as well as assumptions limitations and weaknesses review methods, including a firmwide multi-functional interaction, coordination and communication, analysis and problem solving.

Team/Role Overview

The role sits in the Market Risk Model Governance team within Citi’s Global Market Risk or GMR, the firm’s firmwide market risk management function.

The team’s focus includes:

• Leading in the development, implementation and management of model governance frameworks that includes Working Groups, for the review of model performance and model changes, etc..
• The creation and establishment of approaches for the review of assumptions, limitations and weaknesses (ALW) in the implementation of regulation like FRTB SA and FRTB IMA.

This role is for a dynamic self-starter that is keen to become an integral part and to fully engage in the design, creation, maintenance, implementation and running of market risk model governance framework in collaboration with other stakeholders at Citi, including Market Risk Managers, Model Risk Management, Market Risk Analytics, Finance etc. Project and change management skills are essential to underpin the organisation and coordination in relevant change programmes across businesses and regions, in which Citi operates.

What you will do

Responsibilities include supporting and management of multi-functional interaction for deliverables:

• With relevant Citi stakeholders like Model Risk Management, Market Risk Managers, Market Risk Analytics etc., as well, as outside experts for the design of a target state market risk model governance, compliant with relevant Regulatory requirements and, in particular, ‘Use Test’ requirements. Main focus is governance and oversight for:
• model performance and coverage review, as well as
• changes to models or new models with potential relevance to Regulatory notification.
• With Control and Internal Audit stakeholders to support ensuring credible challenge throughout the remediation process and validation of results in line with Citi’s Internal Audit requirements.
• To create / coordinate updates and notifications to Management and Senior Citi Risk forums but also to Citi Regulators.

What we will need from you

• Detailed internal risk model governance and regulatory management expertise, including FRTB SA and FRTB IMA, gained in Market Risk Management, Model Risk Management or product valuation specialisation or in regulatory market risk capital reporting, with First Line and/or Second Line experience or in an associated consulting role, risk model governance and quantitative risk exposure.
• In depth knowledge and understanding of relevant regulatory rulebooks, as they pertain to market risk, market risk models, e.g. current Basel IMA rulebook and upcoming FRTB SA and FRTB IMA.
• 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 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
• Excellent oral and written communications skills; must be clear and articulate communicator.
• 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
• Ability to underpin change to business practices by working effectively across a global organisation.
• An academic background in a technical discipline will greatly facilitate the role’s effectiveness in interactions with First Line and Second Line technical experts & specialists.

Education

• Bachelor’s degree/University degree in a Quantitative or Financial discipline
• Master’s degree preferred.

What we can offer you

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (annually reviewed), and enjoy a whole host of additional benefits such as:

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure.
• A discretional annual performance related bonus
• Private medical insurance packages to suit your personal circumstances.
• Employee Assistance Program
• Pension Plan
• Paid Parental Leave
• Exclusive discounts for employees, family, and friends
• Access to an array of learning and development resources

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energised to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

#LI-MP4

Job Family Group:

Risk Management

Job Family:

Market Risk

Time Type:

Full time

Most Relevant Skills

Analytical Thinking, Credible Challenge, Governance, Policy, Procedure, and Regulation, Portfolio Analysis, Risk Management Lifecycle.

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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