Role and team summary :
Citi Markets Price Risk and Control (PRC) is looking for a Business Risk Officer to join our team managing and controlling the daily T0 Trader Flash P&L.
This is an exciting opportunity for a practically minded professional with excellent knowledge of trading desk revenue calculation, valuation methodologies, trade booking and lifecycle, and variance analysis vs Finance (Product Control) generated actual revenue results.
The incumbent will be working closely with the wider PRC teams, Trading Desks, Business Management, Finance, Operations and Technology.
The incumbent will be a key member of a cross functional team delivering a complex major global regulatory committed enhancement program across all Citi Markets trading businesses, comprising over 500 trading desks in more than 60 countries, to efficiently deliver systemically accurate daily revenue results for all mark-to-market trading book activities.
In this capacity they will work closely with business and trading desk representatives, technology teams and 2nd line functions including Finance.
This role is also a key member of a broader 1st Line Risk & Control function directly supporting Global Markets as one of the major businesses within the Citibank Group.
The Global Markets Risk & Control team is mandated to establish and maintain a robust 1st Line of Defence designed to minimize risk within the business including leading critical control remediation projects to mitigate risk in Trading, Financial Crimes and Conduct while ensuring strong governance to measure, monitor, manage and escalate key risks.
Key Responsibilities :
- Maintain control of the daily process in the production of trader revenue estimates, including effective challenge of large P&L swings and variance to T+1 actual
- Production and analysis of trader revenue estimate metrics against key performance measures (KPMs), root cause analysis of trader estimates calculation inaccuracies and adjustments (with business management), investigation of trader estimates vs.
actual revenue variances for assigned Markets trading business.
- Identify common revenue calculation deficiencies that may exist across all Global Markets businesses and work with relevant stakeholders to develop and build cross markets remedial solutions.
- Jointly with the wider T0 revenue program team, track the successful completion and on-time delivery of committed technology, infrastructure and process enhancements.
- Maintain revenue estimates infrastructure, including alignment of supervisors and traders to "flash" and "affirmation" units
- Presentation of above metrics to senior business management and at cross functional (business, technology, finance) business specific working groups together with articulation of recommended solutions.
- Provide ongoing specialist support to assigned businesses on revenue estimates reporting and governance expectations
Qualifications and Competencies :
- Strong experience ideally in 1st line control, P&L production, Middle Office, Product Control or Investment Operations required
- Equities or Rates product experience highly desired
- Experience in strategic design and project management implementation, delivering complex solutions
- Strong ability in interacting with and influencing senior business stakeholders
- Capable of prioritizing and multi-tasking in a dynamic environment
- Excellent oral and written communications skills; Must be articulate and persuasive.
- Strong financial, analytical, strategic planning and problem-solving skills
- Proficiency in Microsoft suite including Excel, PowerPoint, PowerBI, SharePoint and Visio.
- Bachelor's degree, professional qualifications or equivalent experience
Job Family Group : Risk Management
Risk Management
Job Family :
Business Risk & Control
Time Type : Full time
Full time
Primary Location :
New York New York United States
Primary Location Full Time Salary Range :
$129,840.00 - $194,760.00
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.
Anticipated Posting Close Date :
Aug 20, 2024
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities.
If you are a person with a disability and need a reasonable accommodation to use our search tools and / or apply for a career opportunity review Accessibility at Citi .
View the " EEO is the Law " poster. View the EEO is the Law Supplement .
View the EEO Policy Statement .
View the Pay Transparency Posting
Internal Audit - Platform Solutions Fraud Risk-Payment Processing Vice President - New York
As the third line of defense, Internal Audit’s mission is to independently assess the firm’s internal control structure, including the firm’s governance processes and controls, and risk management and capital and anti-financial crime frameworks, raise awareness of control risk and monitor the implem...
Director Of Education And Research - Anesthesia
The new Health & Wellness Institute offers outpatient servicesfrom primary and preventive care to specialty services for children and adultsall designed to keep our community healthy and. New York State and directly employs. Dedicated to providing the highest quality health care services to all New ...
Rn/lpn - Laser & Skin Surgery Center Of Ny - New York, Ny
Obtains and documents information relating to drug allergies in prominent place on the label located on the front of the chart and on the patient history form. Hands out postoperative instruction sheets and preoperative instruction sheets. Postoperative calls and liaison between physician (s) and pa...
GBM Private, FIG - Asset Management Investment Banking, Vice President, New York
With professionals in offices around the world, the group provides the full range of Goldman Sachs' investment banking services, including mergers and acquisitions, divestitures, equity and debt financings, financial restructurings and risk management. Our Vice Presidents play an important role in d...
Trader - Vice President
Identify and nurture new opportunities and relationships with institutional and corporate clients. The Business combines sales, trading and research teams who structure a range of financial market products and market these to our targeted client base. Working in a period of economic and regulatory u...
Compliance, Private Wealth Management Compliance, Associate / Vice President, New York
As an independent control function and part of the firm’s second line of defense, Compliance assesses the firm’s compliance, regulatory and reputational risk; monitors for compliance with new or amended laws, rules and regulations; designs and implements controls, policies, procedures and training; ...
Safety and Security Officer 1 / Trainee, (NY HELPS), Creedmoor Psychiatric Center, P24909
New York State Residency and United States Citizenship: At the time of appointment, you must be a resident of New York State and a citizen of the United States. To obtain a complete statement of the physical and medical standards, and/or Requirements for the Qualifying Physical Fitness Test visit /e...
Vice President, Product Management I
Work closely with more experienced colleagues with relevant competitive, market and/or financial analyses to gain breadth/depth of knowledge in relevant products, services and platforms, define the product vision, refine and communicate the product roadmap in the Global Transfer Agent/Sub-accounting...
Investigations and Compliance Officer
DCAS’ Citywide Equity and Inclusion (CEI) provides critical guidance and support to all city agencies ensure the proper implementation and adherence to federal, state and city mandated workplace non-discrimination policy and procedures, including responsibilities under the New York City Charter and ...
Stock Trader Job in New York City, NY | Full Time
Maverick Trading, a 26-year old proprietary trading firm is looking to hire experienced and entry-level equity and equity and option traders. Experience Level: Minimum 2+ years experience in handling investments and trades. Trading a sub-account within the Maverick Trading firm. Developing and execu...