C

Citi

Runs banking and payments for global clients

Product Developer - Assistant Vice President

Risk ManagementPosted on Nov 3
Full-timeGetzville, University at Buffalo, NY, USA$77.3k - $115.9kHybrid

About the Job

Requirements

  • At least 5 years of experience in the financial industry and banking.
  • Subject matter expertise in counterparty credit risk, including 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, securities financing transactions, and other wholesale products.
  • Understanding of stress testing, credit and market data, pricing, calculations, and reporting.
  • Strong Excel skills.
  • Experience handling large volumes of data.
  • Large-scale project management experience.
  • Strong analytical and problem-solving skills, with 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 with cross-functional teams from Business, Credit, Operations, and Compliance.
  • Strong written and verbal communication skills.
  • 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.

Responsibilities

  • Develop a user acceptance testing strategy for testing high-priority counterparty credit risk deliverables.
  • Create user acceptance testing plans to ensure technology deliverables meet business requirements.
  • Explore and apply artificial intelligence techniques to enhance risk identification and measurement.
  • Help automate manual processes within counterparty credit risk using technology tools and artificial intelligence solutions.
  • Define and document detailed business requirements for technology projects focused on counterparty credit risk.
  • Conduct impact analysis for all changes before production implementation.
  • Coordinate with in-business and second-line risk managers and senior stakeholders to understand their 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 user acceptance testing strategy for technology implementations.
  • Align risk measures for consistent risk monitoring and document methodology differences.
  • Track and address counterparty credit risk 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, potential future exposure, and risk capital; participate in project management for strategic risk infrastructure development incorporating advanced analytics and artificial intelligence.
  • Work with technology teams to understand stress-testing infrastructure, systems, and data flows; identify and document gaps and suggest 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 on topics including stress methodologies and summaries of stress-testing issues.

Desired Qualifications

  • Experience with artificial intelligence and/or machine learning concepts and their application in a financial context is highly desirable.
  • Visual Basic for Applications is a plus.
  • Database programming skills, Tableau, Python, R, or other statistical languages are a plus.

About the Company

Citi

Runs banking and payments for global clients

Citi runs banking, investment and payment services for companies, governments and individuals around the world. Its global network connects institutions with local banking systems, while its US consumer business sells credit cards and deposit accounts. Corporate clients use Citi to manage cash, finance trade and raise capital, and investors use its trading, custody and wealth services to hold and manage assets. The bank earns interest on loans and fees from payments, securities transactions, financial advice and account services. Citi traces its banking roots to 1812; the Citigroup holding company was formed in 1998, and its headquarters are in New York City.

Company size
10,001+
Company stage
IPO
Headquarters
New York City, New York
Founded
1812

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