Risk Associate

ABOUT CITCO

The market leader. The premier provider. The best in the business. At Citco, we’ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we’ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.

JOB TITLE: Risk Associate 

JOB DUTIES: Conduct quantitative analyses of information involving investment data of private institutions. Provide associate-level support to large financial institution clients by assisting them in reporting and managing complex financial instruments. Analyze risk, exposure, VaR, liquidity risk, and other risk metrics that help portfolio managers and traders make informed daily trading decisions based on their portfolio’s investment strategy and risk profile. Capture market data using APIs and research tools like SQL from Bloomberg, Reuters, and other data sources. Develop and enhance models to derive meaningful conclusions from reliable data and provide actionable insights that enable clients to measure performance and risk by asset class, region, and strategy. Perform valuations of client portfolios across all derivatives, structured products, and complex credit instruments. Collaborate with IT, as well as internal and external stakeholders, to design new risk systems that help large financial institutions effectively manage market risk. Work directly with CXOs, portfolio managers, client service, and business development teams to onboard new institutional clients. Contribute on the front-office side by developing new products, onboarding new funds, and defining Citco profitability and profit margins.

MINIMUM REQUIREMENTS: Master’s degree in Statistics, Financial & Risk Management, or related field and 2 years of experience in data analytics.

2 years of experience to involve: 

• Working closely with senior management on the client side to understand and analyze their product, KPIs, and deliver technical insights
• Providing Analytics services with demonstrated ability to understand the mathematics of products and provide instant answers during client meetings
• Assisting clients to design their technical reporting system 
• Designing Dashboards / Business Intelligence Products for clients to give them actionable insights on their performance and risk metrics utilizing SQL or Qlik
• Managing multiple projects while coordinating with cross-functional teams to meet tight client deadlines, automate processes, and meet client expectations
• Analyzing data & writing SQL, Excel, or VBA to manage and process large complex datasets 
• Capturing data and providing customized ad-hoc and bespoke reports and automated dashboards with actionable insights; and 
• Technical requirements: SQL, Data management, APIs, VBA, and Excel. 
• Quantitative finance 
• Exposure, IRR, TWRR, and MOIC for financial instruments, including equities, fixed income, real estate, credit, swaps, swaptions, and exotic financial instruments
• Working with quantitative pricing models for financial instruments including options, swaps, bonds, and exotic instruments including derivative bonds, complex options products, swaptions, and volatility options; and
• Performing risk assessments including traditional risk exposure, liquidity analysis, scenario analysis, stress tests, and VaR

ALTERNATE MINIMUM REQUIREMENTS: Alternatively, the company will accept a Bachelor’s degree in Statistics, Financial & Risk Management, or related field and 3 years of experience in data analytics.

3 years of experience to involve: 

• Working closely with senior management on the client side to understand and analyze their product, KPIs, and deliver technical insights
• Providing Analytics services with demonstrated ability to understand the mathematics of products and provide instant answers during client meetings
• Assisting clients to design their technical reporting system 
• Designing Dashboards / Business Intelligence Products for clients to give them actionable insights on their performance and risk metrics utilizing SQL or Qlik 
• Managing multiple projects while coordinating with cross-functional teams to meet tight client deadlines, automate processes, and meet client expectations 
• Analyzing data & writing SQL, Excel, or VBA to manage and process large complex datasets
• Capturing data and providing customized ad-hoc and bespoke reports and automated dashboards with actionable insights; and
• Technical requirements: SQL, Data management, APIs, VBA, and Excel 
• Quantitative finance 
• Exposure, IRR, TWRR, and MOIC for financial instruments, including equities, fixed income, real estate, credit, swaps, swaptions, and exotic financial instruments
• Working with quantitative pricing models for financial instruments including options, swaps, bonds, and exotic instruments including derivative bonds, complex options products, swaptions, and volatility options; and 
• Performing risk assessments including traditional risk exposure, liquidity analysis, scenario analysis, stress tests, and VaR.

OTHER (WORKSITE): 3 Second Street, Harborside Plaza 10, Jersey City, New Jersey 07311; 40 hours/week; Annual Salary: $118,248 - $122,000/yr.

OUR BENEFITS

Your well-being is of paramount importance and central to our success here at Citco. Citco offers a comprehensive and competitive total rewards package to support your career success and personal needs. Your base salary will be determined by several factors such as the role, experience, skillset, market conditions, etc. Furthermore, qualifying positions can participate in an annual discretionary bonus pool based on company profitability and individual contributions. Our comprehensive benefits package includes medical, dental, and vision coverage, short and long-term disability benefits, a retirement savings plan, tuition reimbursement, mental health and wellness support, parental leave, and more. Additional details about our total rewards package will be shared during the hiring process.

At Citco, we take pride in fostering an inclusive culture by prioritizing the hiring of people from diverse backgrounds. Our culture is a source of pride and strength, fostering innovation, mutual respect, and collaboration. We warmly welcome and encourage applications from people with disabilities. If you require any accommodations to make our recruitment process more accessible for you, please let your recruiter know. 

As an equal opportunity employer, Citco adheres to making all employment and personnel decisions without discriminating based on race, color, creed, religion, sex, physical disability, mental disability, age, marital status, sexual orientation, citizenship status, national or ethnic origin, or any other protected status. We believe that an inclusive workforce not only enriches our company but also drives us towards greater success.

Please note that this job description is not intended to be all-inclusive. Our employees may perform other job-related duties as needed to meet the ongoing needs of our organization.

CONTACT: Send resumes via https://www.citco.com/careers and reference Req#9429748

****************************************************************************************************************************************************************************************************

This notice is being filed as a result of the filing of an application for permanent alien labor certification. Any person may provide documentary evidence bearing on the application to the Regional Certifying Officer of The U.S. Department of Labor:

****************************************************************************************************************************************************************************************************