SVP In-Business Risk (IBR) Manager for Futures & Derivatives Clearing (FDC)

In-Business Risk (IBR) is a global team with product and risk expertise across the Equities product suite. This role will report to the Global Head, and will support the Futures & Derivatives Clearing (FDC) businesses, with opportunity to help with FX Prime Brokerage and/or Fixed Income PB, depending on the candidate. The Risk professional should have a working knowledge of institutional risk management and experience across different asset classes (e.g. Rates, Equities, FX, Credit, and Commodities).

Individual will be a risk manager in In-Business Risk (IBR) within Equities, responsible for measuring, monitoring, and controlling risk for Futures, OTC Clearing, and potentially other business lines.

Key Responsibilities:

• Analyze portfolio exposure, with a focus on counterparty and liquidity risk, to ensure the risks are being properly measured and controlled in accordance with the firm’s risk policies.
• Monitor client portfolios to ensure that risks are controlled, primarily market-driven counterparty risk and liquidity risk, but also documentation, legal and reputational.
• Perform regular risk reviews incorporating counterparty and liquidity risk measures, including scenario stress testing and sensitivity analysis, as well as adequacy of margin collected from clients.
• Formulate views around product risk appetite and be able to review and challenge business stakeholders risk “asks”
• Establish limit structures/controls and processes to ensure that clients operate within limits.
• Build real-time risk and margin controls and processes to monitor automated client trading flows.
• Help produce and maintain client risk reports for consumption by independent risk and senior product stakeholders.
• Work closely with Credit/Execution/Onboardings team to help facilitate limit approvals for existing and new clients on the platform, including proxy portfolio risk assessment.
• Work with partners in Market Risk, Credit Risk, and stress test developers to create and utilize models for accurate measurement of clients’ overnight or intraday exposure. This may encompass VaR, scenario stress testing, sensitivities, and liquidation costs.
• Prioritize risk management product development projects with partners in product development and IT
• Communicate risk view to senior management and other key stakeholders across the firm.

Knowledge/Experience:

• Experience in In-Business Risk or related disciplines
• Knowledge of Exchange Traded Derivatives (ETD) and OTC Derivatives, which span all asset classes, and non-linear products like options.
• Relevant market risk or counterparty credit risk experience in ETDs and OTC derivatives. Other business lines like FXPB and FIPB a plus.

Skills:

• Strong analytical skills with good attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modelling.
• Ability to work collaboratively with cross-functional teams from Product, Sales, Trading, Credit Risk, Operations and Compliance.
• Strong written and verbal communication skills.
• Ability to balance risk and reward as we facilitate business growth while effectively managing risk.
• Ability to challenge the status quo and re-engineer processes, looking for ways to do things more efficiently and effectively
• Scenario stress testing acumen and instrument modelling skills are desirable.
• Strong programming skills highly desirable in any of the following: Python, C++, Excel (VBA), SQL.

Education:

• Bachelor’s degree or equivalent
• Master’s degree or CFA desirable

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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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Anticipated Posting Close Date:

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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