Full-Time
Counterparty Credit Risk Product Developer
Vice President, C13
Posted on 1/14/2025
Citigroup
10,001+ employees
Global financial services and banking solutions
Compensation Overview
$103.9k - $155.9kAnnually
Senior, Expert
Cheektowaga, NY, USA + 2 more
More locations: Tampa, FL, USA | Irving, TX, USA
Primary location is Tampa, Florida.
You match the following Citigroup's candidate preferences
Employers are more likely to interview you if you match these preferences:
- Must be intellectually curious and financially literate to understand a broad array of Risk and Front Office existing processes and requirements.
- Must have strong analytical and problem-solving skills with attention to detail.
- Must have strong communication and diplomacy skills, required to guide, influence and convince others, in particular colleagues in other areas and occasional external customers.
- Must have commercial awareness and follow market, industry and client trends and adapt them for application to Citi’s platforms.
- Must have 6-10 years of experience in the financial industry and banking.
- Must have direct experience in end-to-end project delivery, preferably in product development, and knowledge of various analytical tools.
- Must have understanding of financial market products – Derivatives (Bilateral & Cleared), Securities Financial Transactions (SFTs), Margin lending and Financing.
- Must have knowledge of counterparty credit risk concepts, data, system integration, and processes.
- Must have understanding of counterparty exposure metrics – Potential Future Exposure, Stressed exposure, Settlement Exposure, Intraday exposure.
- Must have excellent project management and business analysis skills.
- Must have ability to collaborate with cross-functional teams from Business, Risk, Technology and Compliance.
- Must have strong written and verbal communication skills with focus on stakeholder management.
- Must have ability to build networks and relationships internally and externally.
- Must be comfortable with performing data investigations that require a high degree of accuracy with tight timescales.
- Must have ability to create business analysis, troubleshoot data quality issues, and conduct exploratory and descriptive analysis of business datasets.
- Must have familiarity with product development methodologies and Process Management knowledge with a propensity for detail.
- The Product Developer is responsible for activities related to the development or new products and/or features and functionality of products including developing business cases, requirements definition (BRDs), product enhancements innovation, feature and functionality definition based on market and industry research and trends and client needs.
- This role manages the end-to-end product development lifecycle and will also scope product releases, agreeing to and tracking business priorities, incorporating regulatory and compliance requirements and investment tracking.
- Creates a product vision aligned to business priorities and corresponding road-map to delivery.
- Lead strategic BAU and Regulatory projects for Counterparty Exposure Product Development.
- Develop and enhance tools for the measurement, monitoring and reporting of counterparty exposure including Factor Sensitivities (FS), Potential Future Exposure (PFE), Net Stressed Exposure (NSE), Collateral, MTM/MTME/OTE, Margin, Fails.
- Work in close coordination with in-business risk managers, second line risk managers and risk senior stakeholders (e.g. XVA, CCAR, CCR, Climate, Sanctions).
- Works in close co-ordination with Technology, Business Managers and other stakeholders to fulfill the delivery objectives.
- Focuses on controls and governance, including performing Need-to-Know based security and access reviews, Access Approvals, controls testing and documentation.
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
- Bachelor’s/Master’s degree in finance, technology, economics, or a related field preferred.
- CFA/FRM will be a plus but not necessary.
Citigroup provides a variety of financial services to individuals, businesses, and governments around the world. Its offerings include consumer banking, credit services, 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, such as loans, investment management, and trading services. What sets Citigroup apart from its competitors is its strong focus on sustainability and social responsibility, demonstrated through its investments in environmental, social, and governance (ESG) 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
6 month growth
↓ -5%1 year growth
↓ -5%2 year growth
↓ -5%
Simplify's Take
What believers are saying
- AI-driven solutions enhance Citi's competitive edge in automated lending and risk management.
- Partnership with Pylon increases market share in mortgage trading.
- Investment in fintech Capitolis leads to innovative financial products and services.
What critics are saying
- Involvement with Windrose exposes Citi to geopolitical risks and regulatory scrutiny.
- Investment in Validis may face challenges if technology fails to improve underwriting.
- Integration challenges with Pylon's platform could delay benefits of institutional-grade products.
What makes Citigroup unique
- Citi's global presence in over 160 countries enhances its competitive advantage.
- Investment in blockchain technology streamlines cross-border transactions and trade finance.
- Citi's commitment to ESG initiatives strengthens its brand and market position.
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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