Market Risk Senior Officer I

Citigroup Inc.; City of Westminster; On-site; GBP 120,000 - 180,000; Full time

Benefits offered by this job

On-site health services

Private medical insurance

Paid parental leave

Generous holiday allowance starting at

Job summary

Citigroup Inc. is seeking an experienced professional to lead the design, implementation and operation of market risk model governance frameworks across global businesses.

You will collaborate with Market Risk Managers, Model Risk Management and Finance to manage performance reviews, model changes and regulatory notifications. The role requires in-depth FRTB SA/IMA knowledge, exceptional communication, and strong change management capabilities to drive governance across first and second lines of

Qualifications

• Extensive experience in risk model governance and regulatory market risk capital reporting.
• Deep knowledge of Basel/IFRS risk metrics and regulatory frameworks relevant to market risk.
• Proven ability to lead cross-functional initiatives and manage change programs across global teams.
• Strong communication and presentation skills with a track record of engaging senior stakeholders.

Responsibilities

• Lead and govern market risk model governance framework development and maintenance.
• Coordinate reviews of model performance, limitations and changes.
• Collaborate with Model Risk Management, Market Risk Analytics, Finance and regulators.
• Support credible challenge and remediations aligning with Internal Audit requirements.
• Prepare updates and notifications for Management, Senior Citi Risk forums and regulators.

Skills

Model governance

Regulatory knowledge (FRTB IMA/SA)

Change management

Stakeholder engagement

Analytical thinking

Project management

Communication skills

Education

Bachelor's degree

Master's degree preferred

Tools

SQL

Excel

VBA

MS Office

Job description

• Leading in the development, implementation and management of model governance frameworks that includes Working Groups, for the review of model performance and model changes, etc..

• The creation and establishment of approaches for the review of assumptions, limitations and weaknesses (ALW) in the implementation of regulation like FRTB SA and FRTB IMA.

• This role is for a dynamic self-starter that is keen to become an integral part and to fully engage in the design, creation, maintenance, implementation and running of market risk model governance framework in collaboration with other stakeholders at Citi, including Market Risk Managers, Model Risk Management, Market Risk Analytics, Finance etc. Project and change management skills are essential to underpin the organisation and coordination in relevant change programmes across businesses and regions, in which Citi operates.

• What you'll do Responsibilities include supporting and management of multi-functional interaction for deliverables:

• With relevant Citi stakeholders like Model Risk Management, Market Risk Managers, Market Risk Analytics etc., as well, as outside experts for the design of a target state market risk model governance, compliant with relevant Regulatory requirements and, in particular, 'Use Test' requirements. Main focus is governance and oversight for:

• + model performance and coverage review, as well as + changes to models or new models with potential relevance to Regulatory notification.

• With Control and Internal Audit stakeholders to support ensuring credible challenge throughout the remediation process and validation of results in line with Citi's Internal Audit requirements.

• To create / coordinate updates and notifications to Management and Senior Citi Risk forums but also to Citi Regulators.

• Detailed internal risk model governance and regulatory management expertise, including FRTB SA and FRTB IMA, gained in Market Risk Management, Model Risk Management or product valuation specialisation or in regulatory market risk capital reporting, with First Line and/or Second Line experience or in an associated consulting role, risk model governance and quantitative risk exposure.

• In depth knowledge and understanding of relevant regulatory rulebooks, as they pertain to market risk, market risk models, e.g. current Basel IMA rulebook and upcoming FRTB SA and FRTB IMA.

• Excellent oral and written communications skills; must be clear and articulate communicator.

• Ability to underpin change to business practices by working effectively across a global organisation.

• Self-starting and able to multitask and to prioritise.

• Change and project management capabilities are essential.

• An academic background in a technical discipline will greatly facilitate the role's effectiveness in interactions with First Line and Second Line technical experts & specialists., 10+ years relevant experience

• Degree in a Quantitative or Financial discipline

• Advanced knowledge of financial instruments, risk metrics and Market Risk Management Advanced analytical, technical and quantitative skills Expert knowledge of treasury, market risk and liquidity management and knowledge of secured financing, securitization, and derivative products Excellent written and verbal communication skills Must be a self-starter, flexible, innovative and adaptive Highly motivated, attention to detail, team oriented, organized Developed presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging Ability to work collaboratively and with people at all levels of the organization Excellent project management and organizational skills and capability to handle multiple projects at one time Proficient in MS Office applications (Excel/VBA, Word, PowerPoint) and SQL

• Programming/modeling experience

• Bachelor's/University degree, Master's degree preferred, Analytical Thinking, Credible Challenge, Governance, Policy, Procedure, and Regulation, Portfolio Analysis, Risk Management Lifecycle.

  Working at Citi is far more than just a job. A career with us means joining a team of approximately 219,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact., This role is an opportunity for a career move in market risk model governance at the heart of a global financial institution, to bring your skills in change management in an evolving regulatory environment with the Fundamental Review of the Trading Book (FRTB) Internal Model Approach (IMA) and FRTB Standardised Approach (SA) implementation.

• Core to the role is leading in the development, implementation and management of risk model governance frameworks as well as assumptions limitations and weaknesses review methods, including a firmwide multi-functional interaction, coordination and communication, analysis and problem solving. By joining Citi, you will become part of a global organisation, whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

  Citi also champions diversity within our workforce, which helps us be well and live well together. We are a vocal supporter of LGBTQ+ rights. We encourage and lead inclusivity through our Pride, Disability, Multicultural, Families Matter, and Women affinity networks that are run by and for, Citi colleagues; providing them with the support they need in their personal and professional journeys and supplying them with the tools to help educate colleagues on all things related to each network to help us work better together.

• On-site health services

• Private medical insurance packages to suit your personal circumstances

• Paid parental leave

• Generous holiday allowance starting at 27 Days plus bank holidays; increasing with tenure