Full-Time
Quantitative Market Risk Analyst
Posted on 12/20/2024
Citigroup
10,001+ employees
Global financial services and banking solutions
Compensation Overview
$76.2k - $106.4kAnnually
Entry
Irving, TX, USA
Hybrid position.
- Good quantitative skills with the knowledge and experience of building mathematical models
- Good programming skills in programming language such as Python, Spark, R, C++
- Familiarity with Windows and UNIX/Linux operating environment
- Clear and concise communication skills, both written and verbal
- Self-motivated and detail oriented, capability to handle multiple projects at the same time
- Prior knowledge of trading book products is a plus
- Master’s Degrees (Ph.D.’s degree preferred) in a quantitative area (Mathematics, Statistics, Financial Engineering) or computer science with 0-1yrs experience.
- Gain understanding of the current market risk model framework, perform model analysis and model parameters updates as required.
- Develop and enhance the current models and processes according to Model Risk Management Policy requirement.
- Contribute to the new model and process development for FRTB (the future market risk regulatory capital rule).
- Interact with stakeholders in model life cycle, including market risk managers (as model sponsor), front office data provider, technology (for model implementation), and model validation team. Interaction with regulators may be required.
- Provide support to risk managers and businesses on market risk model related topics.
Citigroup provides a variety of financial services to individuals, businesses, and governments around the world. Its offerings include consumer banking, credit, corporate and investment banking, securities brokerage, and wealth management. The company operates in over 160 countries, allowing it to facilitate cross-border transactions and serve a diverse clientele. Citigroup's products work by leveraging its extensive global network and technology to provide efficient banking solutions, generating revenue through interest on loans, service fees, trading, and investment management. Unlike many competitors, Citigroup places a strong emphasis on sustainability and social responsibility, investing in environmental, social, and governance initiatives. The company's goal is to create a positive financial and social impact while achieving growth and profitability.
Company Stage
IPO
Total Funding
$59.8M
Headquarters
New York City, New York
Founded
1812
Simplify's Take
What believers are saying
- Citi's investment in SeQura supports expansion into lucrative international markets.
- Increased focus on digital banking solutions enhances customer experience and operational efficiency.
- Growing demand for ESG-linked products aligns with Citi's sustainability goals and offerings.
What critics are saying
- Competition from fintechs like SeQura threatens Citi's market share in consumer banking.
- Integration challenges with fintech partners like Capitolis may lead to strategic misalignments.
- Exposure to credit risk increases with large debt funding deals in volatile markets.
What makes Citigroup unique
- Citi's global presence in over 160 countries sets it apart from competitors.
- Strong focus on ESG initiatives enhances Citi's brand and attracts socially conscious investors.
- Partnerships with fintechs like Pylon and Capitolis showcase Citi's commitment to innovation.
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