Market Risk Senior Officer - Senior Vice President
About the job
- At least 10 years of relevant experience in market risk or trading.
- A university degree in a quantitative or financial discipline such as Mathematics, Finance, Science, or a related field.
- Advanced knowledge of financial instruments, risk metrics, and market risk management across asset classes including rates, foreign exchange, equities, and commodities.
- Expert understanding of treasury, liquidity management, secured financing, securitization, and derivative products.
- Strong analytical and quantitative skills, with the ability to translate complex risk data into clear, actionable conclusions for senior audiences.
- The ability to communicate and negotiate effectively at senior levels, including with regulators, auditors, and cross-functional leadership teams.
- Familiarity with artificial intelligence and coding tools to provide deep risk analysis.
- Oversee market risk across Interest Rates, foreign exchange, Equity, Commodities, and Treasury trading desks, ensuring risk positions are accurately captured, monitored, and reported daily.
- Review and approve transactions and risk frameworks for risk-taking units, applying advanced judgment to uphold risk standards.
- Monitor compliance with risk limits and triggers, escalate breaches, and recommend corrective actions to trading management.
- Partner with colleagues to identify and analyze sources of market risk variation and translate quantitative findings into clear business insights.
- Collaborate with Model Validation, Risk Analytics, and Financial Control teams to ensure the accuracy and integrity of risk methodologies and models.
- Engage with colleagues to enhance the accuracy and quality of regulatory and management reporting.
- Lead projects to improve the precision and reliability of Market Risk Analytics and drive measurable improvements in analytical infrastructure.
- Stay current with evolving regulatory requirements and internal policy changes to ensure risk practices remain compliant and forward-looking.
- Experience coding in Python for risk modeling, data analysis, or automation of analytical workflows.
- Hands-on experience working alongside trading desks in a front-office or closely aligned risk function.
- Exposure to regulatory engagement and experience preparing materials for auditors or regulatory review.
- Strong project management capability with a track record of delivering analytical or risk infrastructure improvements.
About the company
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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Simplify's Take
What believers are saying
- Revenue is expanding: Citi reported $24.8 billion in the June 2026 quarter, up 14% year over year.
- US parents get protected time: eligible Citi employees receive 16 weeks of bonding leave at full base pay.
- Institutional deposits are sticky: Citi says around 80% of Services deposits come from clients with relationships exceeding 15 years.
What critics are saying
- Lending losses remain substantial: Citi's net credit losses reached $2.4 billion in the June 2026 quarter.
- Australian hybrid roles require office time: Citi sets a minimum of three office days weekly for designated hybrid positions.
- Job cuts carry a cost: Citi booked roughly $500 million in severance in the March 2026 quarter.
What makes Citi unique
- Corporate payments move at scale: Citi processes around $6 trillion daily through its Treasury and Trade business.
- Deposits move beyond banking hours: Citi Token Services transfers cash between participating Citi branches around the clock.
- Employees use a shared AI workspace: Citi's Stylus platform reaches over 180,000 people for research and multi-step workflows.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Wellness Program
Paid Vacation
Paid Sick Leave
Paid Holidays
Company News
Citigroup reported its best third-quarter revenue in a decade for 2026, with four of its five core businesses growing. Services revenue rose 15%, and wealth management return on tangible common equity (ROTCE) topped 14%. The bank raised its full-year ROTCE guidance to above 11%, with a medium-term target of 11-13% for 2027-2028. It expects Markets revenue to fall about 20% in the fourth quarter, a typical seasonal decline. Expense growth was held to 3% excluding notable items. Citigroup booked over $1 billion in year-to-date severance and bought back $3 billion of shares in the third quarter alone. Its CET1 capital ratio stood at 12.8%. The deconsolidation of Banamex in early 2027 is expected to be slightly accretive to that ratio despite a $9 billion currency translation adjustment loss.
Four of the biggest US banks reported higher third-quarter profits on Tuesday, but warned that higher interest rates and inflation could hurt consumers and the economy. JPMorgan Chase, the largest US bank by assets, earned $15.3 billion, or $5.57 a share, up from $14.4 billion a year earlier. It missed analyst forecasts of $5.93 a share, its first miss in nearly three years. Goldman Sachs posted a profit of $5.29 billion, up from $4.1 billion, as equities revenue jumped 72%. Wells Fargo earned $5.95 billion and beat forecasts, while Citigroup's profit rose 40%. JPMorgan chief executive officer Jamie Dimon cited "large fiscal deficits, sticky inflation, elevated asset prices, rising interest rates and geopolitical conditions.
US stock futures were mixed on Tuesday as investors weighed a wave of earnings reports. Dow futures rose 0.9%, S&P 500 futures slipped 0.1%, and Nasdaq futures fell 0.7%. Memory stocks fell for a second day after a Chinese chipmaker, CXMT, said it had made a breakthrough in memory chip production. Roundhill Memory ETF fell more than 5% in premarket trading. UnitedHealth rose more than 2% after it earned an adjusted $4.69 per share on $112.69 billion in revenue, beating estimates. It raised its full-year earnings outlook to at least $20.50 per share. Goldman Sachs gained more than 3% on strong results. JPMorgan Chase, Wells Fargo, and Citigroup fell short in parts of their reports. Johnson & Johnson fell 2% after $25.40 billion in sales narrowly missed estimates, though it raised its full-year forecasts.
Citigroup Inc.'s fixed-income traders posted their best third quarter in at least a decade, beating analyst expectations. Trading desks for bonds, currencies and commodities brought in $4.4 billion, against an average estimate of $4.3 billion. Rival JPMorgan Chase & Co. reported a surprise drop in fixed-income trading revenue the same day, its first in more than two years. Citi's services business saw revenue rise 15% to $6.6 billion. Merger advisory revenue fell 4%. Total revenue rose about 8% to $23.8 billion, above the $23.7 billion estimate. Earnings per share were $2.85, against an estimate of $2.65. Non-interest expenses totalled $14 billion, below the $14.4 billion analysts expected. Citi's shares are up 13% this year, more than all of its major rivals.
DailyPay, the on-demand pay provider, has completed a $200 million asset-backed securitisation of its receivables. This marks the company's second such transaction, following a $200 million securitisation in June 2025. The New York-based firm now has approximately $1.4 billion in debt financing backed by its on-demand pay receivables, including a $960 million secured credit facility. DailyPay is the only on-demand pay provider to access the asset-backed securitisation market. The company serves more than 2,000 employers and over 6 million employees. Its platform allows workers to access wages they have already earned before payday, with DailyPay funding the transfers without affecting employer cash flow. Citi acted as lead bookrunner and structuring agent for the transaction.