Financial Market Infrastructures (SVP) - Senior Risk Manager (Hybrid)

Pay Competitive

Location London/England

Employment type Full-Time

Job Description

• Req#: 23624863

Description

Citigroup is a member of 599 Financial Market Infrastructures (FMIs) in more than 90 countries. FMIs are external entities Citi relies on for payments, trading, clearing, settlement, and depository services. The categories of FMIs include:

• Funds transfer systems
• Equities, fixed income, derivatives exchanges
• Alternative trading systems
• Securities and derivatives clearinghouses
• Securities depositories
• Energy (Power/Gas) transmission networks
• Consumer networks (credit card associations and ATM networks)

Financial Market Infrastructures Risk Management (FMIRM), part of Transaction Services Risk Management (TSRM) in the Institutional Clients Group (ICG) Risk group, is the responsible second line of defense team for managing risks associated with FMIs globally. FMI Risk establishes risk management parameters and methodologies to assess the risks associated with an FMI membership. A key focus for FMI Risk is to assess the impact of ongoing regulatory changes, for example Dodd-Frank, EMIR, MIFID II and Basel III regulations, particularly in reference to the growing use of Central Counterparty (CCP) clearing for post-trade processing and counterparty risk mitigation.

FMI Risk works with Businesses and Credit teams across the ICG and Global Consumer Group and offers subject matter expertise to internal business and risk partners. FMI Risk also serves as a direct liaison with regulators (for example the OCC, Fed, Bank of England, and HKMA) on FMI risk matters.

The role primarily involves assessing and managing Citi's membership exposure to FMIs across EMEA.

The role includes:

• Assess and provide approval recommendation for new FMI Memberships and Material Changes in existing FMIs. FMI Risk team’s responsibilities include setting the Membership Risk Rating (MRR) and Obligor Risk Rating (ORR), and preparing loss estimates as well as ongoing reviews on a periodic basis.
• Participate as an Approver in new deal review process and NPAC when FMI risks are involved with focus on potential risks and risk mitigation.
• Ensure timely communication of FMI Risk policy requirements in the regions and maintain ongoing contact with senior business/product managers in TTS/DCC/GC/Markets, Operations, CRMS, Consumer Bank & NPAC.
• Work with CROs of EMEA on MLE (Material Legal Entity) requirements in their Regions for FMI/CCP Exposure reporting and monitoring to the respective MLE regulators.
• Review with the desks when breaches occur and oversee exposure reporting commentary for senior management and regulators as and when needed.

• Assess the impact of emerging risks for existing & new memberships.
• Responsible for coordinating with 1LOD to ensure potential impacts related to regulatory requirements are socialized and understood.
• Use available tools and portfolio management techniques to effectively identify and assess trends and risks in the portfolio.

Qualifications:

Knowledge/Experience:

• Undergrad degree, Master’s degree preferred
• In-depth knowledge of financial markets and products such as securities, derivatives (OTC derivatives) and/or cash clearing. Experience/SME of CCP/CSD workings is preferred.
• Experience interacting with senior management, regulators, and internal audit.
• Experience in driving own book of work and delivering against multiple initiatives.
• Proven experience of influencing stakeholders.

Skills and Abilities:

• Strong oral and written communication skills
• Strong analytical and problem-solving ability
• Strong attention to detail
• Risk assessment skills, including problem recognition, defining, and structuring solutions to risk related issues.
• Demonstrate integrity, independence, leadership, judgment, and ability to balance risk and reward.

Job Family Group: Risk Management

Job Family: Credit & Portfolio Risk Management

Time Type: Full time

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