The Global Rates Team within the Market Risk Management group is responsible for the oversight of this business. This role is for a Risk Manager, located in New York, to lead an existing team focused on the market risks associated with the G10 Rates Trading business in the region.
The G10 NAM Rates Trading business is a significant business providing interest rate market-making and solutions to customers as part of the Global Rates franchise covering a wide-ranging set of products from Sovereign bonds to exotics.
The successful candidate must be able to build effective relationships with front office and other groups as well as risk colleagues, challenge assumptions, be comfortable with quantitatively complex issues, willing to work at the detailed level and be a producer of high quality and insightful output.
It is vital that the candidate should have and develop further a very good technical knowledge of interest rate products as well as market risk approaches.
Over time there may be scope to expand to cover other aspects of the business within Global Rates.
Role Responsibilities :
Be accountable for the identification and evaluation of market risks generated by the G10 NAM Rates business. Identification of 'top risks' and outlier stress events.
Working on and performing ad-hoc scenarios.
- Leverage the experience and competences of the team members to achieve the team objectives. Provide guidance to team members and develop the talent of the team.
- Communication with trading desks.
- Candidate must be very comfortable discussing linear and non-linear products (bonds, swaps, cross currency swaps, vanilla options, exotics) and their risks and building spreadsheets to analyze risk and market data, portfolio risks and individual trades.
- Working with others to ensure that the reported exposures are correct and cover the main drivers of risk and potential P / L;
identification and resolution of any data issues.
- Ensuring limits are properly set and monitored accurately. Contribute to the development or production of metrics used to satisfy regulatory requirements and stress testing processes.
- Periodic preparation of information material and presentation to senior management and regulators. Ability to speak as needed on market events.
- Review and validate assumptions in risk models used by underlying business units and analyze the impact of model changes.
- Work closely with Financial Control, Price Verification and the Model Validation groups within the organization to ensure that the proper controls are in place.
- Help with reviews of new business proposals including risk limits setting and monitoring and ensuring risks can be fully captured within the firm's systems.
Experience / Competencies :
- Proven, relevant experience in rates markets with good knowledge of the markets, products and risk.
- Good quantitative level of experience with rate products and their risks.
- Experience with portfolio risk measurement techniques including VAR and stress testing.
- Strong relationship management and liaison with business people of all levels. But must be willing to challenge as needed, particularly front office.
- Must be dedicated to information integrity and to producing high quality and insightful output and hitting deadlines where applicable.
Must be prepared to go into as much detail as is required to resolve issues. Must be capable of working very productively using time very efficiently.
- Good presentation and communication skills.
- Bachelor level degree, Masters or PhD can be useful. Familiarity with financial or statistical modelling is beneficial.
- Strong experience and facility with Excel including VBA and add-in functions, ideally with experience of using financial pricing functions.
Python and / or Business Intelligence experience not required, but useful.
Job Family Group : Risk Management
Risk Management
Job Family : Market Risk
Market Risk
Time Type : Full time
Full time
Primary Location :
New York New York United States
Primary Location Full Time Salary Range :
$170,000.00 - $300,000.00
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 :
Jul 02, 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
Senior Director, Head of Risk Appetite and Metrics
The Senior Program Director, Risk and Metrics, is a leader for enterprise-wide risk measurement in the US, accountable for supporting the Executive Director, Head of US Enterprise Risk Management Programs, US Region in the development of the following:. Risk Appetite - Support the Chief Risk Officer...
Head of Marketing Capabilities and MarTech Transformation (C15/Director)
The Head of Marketing Capabilities is responsible for driving and implementing best-in-class marketing technology platforms and tools to deliver against Citibanks US Personal Banking and Wealth strategic vision of generating always on and personalized marketing offers. Expert knowledge of the indust...
Head of SEC Reporting - Managing Director
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Partnering across all of the firms lines of business (LOBs) and Corporate functions (including beyond accounting and finance) in the preparation of the Firm's SEC filin...
Managing Director, Global Head of Workplace Operations and Facilities Management
The Managing Director, Global Head of Workplace Operations and Facilities Management oversees strategic planning, execution, and supervision of all facilities management and engineering activities across our global portfolio of nearly 90 offices and data centers in ~40 countries. To help you stay en...
1st Line Market Risk - Director
Track performance of products within Markets regularly, and understand drivers of market movements across all asset classes, analyzing trends to create relative value and forward-looking views of material risks. A major American investment bank is seeking a director for their front office market ris...
Head of Creative, Creative Director
We are looking for a Head of Creative and In-House production as a key member of our Marketing team, responsible for overseeing the creative aspects of our brand execution across various Marketing and Corporate channels. Creative Team Leadership: Manage and inspire a diverse team of internal creativ...
Head of Creative, Creative Director
We are looking for a Head of Creative and In-House production as a key member of our Marketing team, responsible for overseeing the creative aspects of our brand execution across various Marketing and Corporate channels. Creative Team Leadership: Manage and inspire a diverse team of internal creati...
Head of Financial Risk Analytics - Credit Risk Solutions
Demonstratable experience encompassing a comprehensive understanding of the latest Market Risk, Counterparty Credit Risk, Liquidity Risk, Regulatory Risk, and XVA. Trusted advisor to Chief Risk Officers, Chief Information Officers, and Chief Operating Officers in both the sell-side and buy-side, pre...
Head of SEC Reporting - Managing Director
GAAP, SEC rules) * Managing the review, impact assessment and implementation of relevant SEC rule updates, as well as leadership and participation in peer and industry forums on such topics * Supporting the Accounting Policy team with implementation of FASB updates * Ov...
Director, Global Head of Prime Services Product Development
Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct, and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect t...