Full-Time

Market Risk Senior Officer I

Posted on 1/8/2025

Citigroup

Citigroup

10,001+ employees

Global financial services and banking provider

Compensation Overview

$200.5k - $234.6kAnnually

Senior, Expert

New York, NY, USA

A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite.

Category
Risk Management
Finance & Banking
Required Skills
Risk Management
Requirements
  • Requires at least a Master’s degree, or foreign equivalent, in Applied Mathematics, Statistics, System Design Engineering, or related field
  • 8 years of progressive, post-baccalaureate experience as a Market Risk Senior Officer, IT Business Lead Analyst, Director, VP, or related position in Capital Markets Trading for a global investment bank
  • 8 years of experience must include: Large credit risk trading and risk management system design and solutioning; Review and assess End-to-End market risk and credit risk framework; Trading product including derivatives (swaps, options, and structured products on cross assets) and tradable securities (IR futures, stock, bonds, commodity futures and physical commodity, foreign exchanges), credit risk analytics and risk management practice; Credit Value Adjustment risk measuring and risk management; Trading floor market and trading credit risk measures and oversights; Enterprise market risk solution and risk management; Pricing, risk, and valuation data management, and profit and loss analytics, and Trading portfolio revenue attribution analysis.
Responsibilities
  • Responsible for the market risk management of Credit Valuation Adjustments (CVA) globally
  • Improve the accuracy of measurement of CVA extending the existing process across a wider range of products
  • Implement a consistent framework for measuring and managing the associated risks
  • Integrate the CVA into the overall market and counterparty risk framework
  • Work with trading desks and their respective quantitative and IT groups and financial controllers to enhance their current measurement methodology
  • Ensure effective delivery to the firm’s risk systems to enable active risk management of the exposure
  • Justify for including clients to CVA Dynamic Hedge Program from hedge instrument liquidity and credit risk appetite perspectives and recommend for risk executive to approve
  • Quantify credit exposure for structured and complex derivative transactions under Credit Support Annex with complex and new provisions to determine Bank’s risk appetite to the clients
  • Perform program-wide periodic review for Dynamic Hedge Program and specific names and present and recommend executive to review and approve
  • Analyze end-to-end risk exposures along the risk reporting hierarchy and oversight daily risk from trade approvals, proxy bookings, and daily marginal risk changes, to risk driver explanations
  • Justify and review Pre-Settlement Exposure Cap based Business in/out flows and tighten the risk Cap when it is appropriate
  • Analyze and verify stress test and CCAR results and answer Federal Reserve Bank’s on-demand queries
  • Analyze and report business intelligence for Credit Value Adjustment portfolios from perspectives of business, risk, profitability, and economic for executives, managers, clients, and other executive stakeholders to review
  • Analyze competitive market strategies through analysis of related trading products, market, and liquidity trends to support daily Market Risk Management
  • Analyze the valuation and risk measure methodologies of the End-to-End Credit Value Adjustment, while performing the daily risk oversights, to identify opportunities to improve the risk analytics to better support the business and market and trading credit risks
  • Combine the best practice trends of technology and business to pinpoint the opportunities to simplify and improve the business support infrastructure and risk analytics to speed up the time-to-market and improve the profitability.

Citigroup provides a wide range of financial products and services to various clients, including consumers, corporations, and governments. Its services encompass consumer banking, credit, corporate and investment banking, securities brokerage, and wealth management. Citi operates in over 160 countries, utilizing its extensive global network and technology to offer solutions tailored to its diverse client base. Unlike many competitors, Citi's strength lies in its comprehensive suite of services and its ability to facilitate international trade and investment. The company's goal is to manage financial assets effectively while also committing to sustainability and social responsibility through significant investments in environmental, social, and governance initiatives.

Company Size

10,001+

Company Stage

IPO

Headquarters

Tel Aviv-Yafo, Israel

Founded

1812

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Simplify's Take

What believers are saying

  • Citi's partnership with Mastercard enhances its position in the digital banking sector.
  • 'Green Deposits' align with the growing demand for sustainable banking products.
  • Citi's involvement with Jumia taps into the expanding African e-commerce market.

What critics are saying

  • Increased competition from digital platforms like Versana may challenge Citi's market share.
  • Citi's partnership with Jumia exposes it to risks in the volatile African e-commerce market.
  • Regulatory challenges may arise from Citi's collaboration with Mastercard for Google Pay Plex accounts.

What makes Citigroup unique

  • Citi's global reach spans over 160 countries, offering unmatched international banking services.
  • The company integrates ESG initiatives, appealing to environmentally-conscious investors and customers.
  • Citi's technological infrastructure supports innovative solutions in consumer and corporate banking.

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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

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