10 days old

SVP, Market Risk Senior Officer

New York, NY 10176
The G10 Rates and Currencies team within the Market Risk Management group is responsible for the oversight of these businesses. This role is for a Risk Manager, located in New York to join an existing team focused on the market risks associated with the North America Rates Trading business. The NA Rates Trading business is a significant business providing interest rate market-making and solutions to customers as part of the Global G10 Rates franchise.

The successful candidate must be able to build effective relationships with front office and other groups as well as risk colleagues, challenge assumptions, be comfortable with quantitatively complex issues, willing to work at the detailed level and be a producer of high quality and insightful output. It is vital that the candidate should have and develop further a very good technical knowledge of interest rate products as well as market risk approaches. The successful candidate will also drive infrastructure projects for the Market Risk team, and experience in analysis and excel based programming experience will be useful.


+ Candidate will work with existing team members to be accountable for the identification and evaluation of market risks generated by the NA Rates business with special focus on Non Linear businesses.

+ Candidate should have knowledge of non linear Rates Products (Swaptions, Structured Notes, Inflation Products, Mortgage Options etc). Should work closely Modelling teams to review and validate model changes. Understand underlying modelling assumptions and provide compensating controls through stress and risk limits as needed.

+ Candidate should communicate well with traders and senior management to communicate risk concerns in a timely manner. Successful candidate should be comfortable building ad-hoc risk analytics or periodic risk analysis and reports to enhance the discussion of portfolio risks. The candidate will be required to periodically prepare presentation materials for senior management and talk to market risks and events.

+ Candidate will work with risk reporting and technology to ensure reported exposures are correct and cover main drivers or risk and potential P&L. Candidate will ensure focus on resolution of data, booking and technology issues impacting incorrect risk capture.

+ Candidate will work with existing team on identification of top risks for the business and ensure appropriate limit setting and monitoring. Contribute to the development or production of metrics used to satisfy regulatory requirements and stress testing processes.

+ Candidate will work closely with Financial Control, Price Verification and the Model Validation groups within the organization to ensure that the proper controls are in place.

+ Candidate will help with reviews of new business proposals including risk limits setting and monitoring and ensuring risks can be fully captured within the firms systems.


+ 5yrs+ of relevant experience in the rates markets with good knowledge of the markets, products and risk. Good quantitative level of experience with rate products and their risks. Experience with portfolio risk measurement techniques including VAR and stress testing.

+ Strong relationship management and liaison with business people of all levels. Must be willing to challenge as needed, particularly front office. Good presentation and communication skills.

+ Strong experience and facility with Excel including VBA and add-in functions, ideally with experience of using financial pricing functions. Python and/or Business Intelligence experience not required, but useful.

+ Must be dedicated to information integrity and to producing high quality and insightful output and hitting deadlines where applicable. Must be prepared to go into as much detail as is required to resolve issues. Must be capable of working very productively using time very efficiently.

+ At least Bachelor level degree, Masters or PhD can be useful. Familiarity with financial or statistical modelling is beneficial.


+ Bachelor level degree, Masters or PhD can be useful. Familiarity with financial or statistical modelling is beneficial

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.


**Job Family Group:**

Risk Management


**Job Family:**

Market Risk


**Time Type:**

Full time


Citi is an equal opportunity and affirmative action employer.

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.

Citigroup Inc. and its subsidiaries ("Citi) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review **Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** .

View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .

View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) .

View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)


Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.


Posted: 2022-05-13 Expires: 2022-06-12

Before you go...

Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

Share this job:

SVP, Market Risk Senior Officer

New York, NY 10176

Join us to start saving your Favorite Jobs!

Sign In Create Account
Powered ByCareerCast