Senior Vice President, Market Risk (Hybrid)

Senior Vice President, Market Risk Management

The Finance Chief Risk Officer (Finance CRO) organization provides risk management oversight of the Global Finance function, including effective risk challenge and mitigation of risk for capital, liquidity, interest rate risk and Treasury investments, and ensures compliance with all risk-related regulatory requirements. In addition, the team oversees the key risk management methodologies and calculations, including CECL and IFRS9 for credit reserves, and Basel Advanced RWA.

Non-Trading Market Risk Management group, as a part of the Finance CRO organization, is responsible for independent risk management of non-trading market risk, including Interest Rate Risk in the Banking Book as well as market risk management of Treasury Investments. It identifies, measures, and monitors non-trading market risks and it provides independent review and challenge to the first-line activities.

Senior Vice President in the Non-Trading Market Risk Management group provides independent market risk oversight of first line including market risk management of Treasury Investments and FX Capital hedging activities. Performs identification of new and emerging risks from perspective of Non-Trading Market Risk Management. Participates in establishment of frameworks for evaluating the impact of adverse Non-Trading Market Risk events and circumstances on the Firm’s operations and financial conditions. Prepares and delivers senior, executive-level presentations. Utilizes thorough understanding of methodologies, relevant regulatory requirements, and governance control processes for independent risk management oversight of Non-Trading Market Risk activities. Provides contribution to development of target state strategy of the overall approach to Non-Trading Market Risk programs in alignment with the Enterprise Risk Management Framework.

Responsibilities:

• Ensures second line independent market risk oversight of first line, including market risk management of Treasury Investments and FX Capital hedging activities.
• Identifies and analyzes new and emerging risks from perspective of Non-Trading Market Risk Management.
• Reviews the alignment of Non-Trading Market Risk limits with Risk Appetite Statements and Material Risk Inventory.
• Develops risk dashboards highlighting key market risk trends to senior management.
• Monitors periodically, understanding the drivers of significant movements in reported exposures.
• Participates in preparation of senior management and Board-level committee materials
• Presents insights and findings to a wide range of internal audience and senior management.
• Contributes to the development or production of metrics used to satisfy regulatory requirements and stress testing processes.
• Monitors Non-Trading Market Risk stress loss limits and reviews associated management actions.
• Reviews key concentration risks for Non-Trading Market Risk pool.
• Reviews risk management processes for conceptual soundness, fitness for purpose and potential limitations and weaknesses.

Qualifications:

• Broad understanding of risk management and analytics
• Strong analytical knowledge of capital markets products
• Broad knowledge of macroeconomic trends and drivers impacting market risks
• Experience in market risk management, interest rate risk in banking book, and investment risk management preferred
• Familiar with enterprise risk management activities
• Excellent quantitative and technical skills
• Strong written and verbal communication skills
• Experience in preparing and delivering senior, executive-level presentations
• Goal driven with excellent ability to work within a team globally
• Highly motivated with attention to detail

Education:

• Bachelor’s degree with strong academic record in economics, finance or other quantitative field. Master’s or higher degree is preferred.
• Experience in Risk Management, Treasury, Capital Markets or other functions within a financial services sector.

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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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