Senior Product Developer / Business Analyst - Counterparty Credit Risk Stress Testing

Citigroup, Inc.; Belfast City District; Hybrid; GBP 65,000 - 100,000; Full time

Benefits offered by this job

Hybrid work model (3 days in office)

Learning & development resources

Wellbeing support

Competitive financial benefits

Global exposure

Job summary

Citi is hiring a Product Developer for the Counterparty Credit Risk (CCR) project execution team. You will lead strategic initiatives to measure, monitor and report counterparty exposure, including NSE and PFE, coordinating with Front Office, Risk, Technology and Compliance to ensure alignment with risk policies.

You will manage the end-to-end lifecycle of CCR-related projects, build work plans, gather requirements, and deliver UAT strategies while addressing data and methodology issues across a

Qualifications

• 5+ years in financial industry and banking.
• End-to-end project delivery experience.
• Knowledge of derivatives, SFTs, margin lending and financing.
• Knowledge of counterparty credit risk concepts, data, and system integration.
• Understanding of exposure metrics: NSE, PFE, Settlement Exposure, Intraday exposure.
• Excellent project management and business analysis skills.
• Strong written and verbal communication with stakeholder focus.

Responsibilities

• Lead strategic BAU and regulatory projects impacting CCR exposure measures for traded product markets.
• Develop and enhance tools for measurement, monitoring and reporting of counterparty exposure, including NSE, PFE, Settlement Risk, Intraday risk; participate in project management of risk infrastructure development.
• Coordinate with Front office sales & trading, in-business risk managers, second line risk managers and senior stakeholders.
• Manage end-to-end project/product development lifecycle; build book of work; scope releases; track priorities; define requirements and UAT strategy with regulatory/compliance needs.
• Perform data analysis; document as-is and to-be states; gather requirements; draft BRDs; plan UAT and impact analysis.
• Work with stakeholders to fulfill delivery objectives for accurate and timely risk management and reporting.
• Collaborate with senior team and global user community to define and implement solutions.
• Track CCR data and methodology issues; develop weekly metrics and remediation plans for system enhancements.
• Work with technology to identify gaps, systems, and data flows; document gaps and suggest target-state improvements.
• Communicate findings to senior management and provide status updates.
• Create presentations and documents for internal/regulatory use on topics across areas.

Skills

Credit risk

Project management

Stakeholder mgmt

Data analysis

Regulatory knowledge

Cross-functional collaboration

UAT strategy

Quantitative analysis

Education

Bachelor/Master in finance/tech/economics

Tools

Regulatory tools

Job description

Given heightened expectations from regulators and a goal to build a strong and consistent global control environment, Citi continues to enhance its business governance framework and has created the Enterprise Data group. Enterprise Data is a critical component of Citi's first line of defense for wholesale and counterparty credit risk management and works with Independent Risk teams to ensure best-in-class risk and controls, as well as client responsiveness.

Key responsibilities of the group include credit analysis, documentation, risk identification, exposure monitoring and stress testing. Enterprise Data coordinates with credit management groups across institutional client businesses to ensure full alignment on business and regulatory goals, as well as consistency and best practices.

Counterparty Credit Risk (CCR) project execution team

• Provide in-depth quantitative or qualitative analysis to solve business problems and develop new, innovative solutions
• Build tools to help measure, monitor and control counterparty risk for institutional clients and
• Portfolios and businesses, with a focus on counter-party and collateral risk to ensure the risks are being properly measured and controlled in accordance with the Firm's risk policies.

Responsibilities

As a Product Developer working in CCR project team, individual will be expected to

• Lead strategic BAU and Regulatory projects primarily impacting Counterparty Credit Risk exposure measures for traded product markets business
• Develop and enhance tools for the measurement, monitoring and reporting of counterparty exposure including Stress testing - Net Stressed Exposure (NSE), Potential Future Exposure (PFE), Settlement Risk, Intraday risk and participate in project management of strategic risk infrastructure development.
• Work in close coordination with Front office sales & trading, in-business risk managers, second line risk managers and risk senior stakeholders.
• Manage end-to-end project/product development lifecycle, build book of work, scope releases, track business priorities, define business requirements and UAT strategy incorporating regulatory and compliance requirements.
• Perform data analysis, document as-is and to-be state, requirement gathering, draft BRDs, UAT and Impact analysis.
• Work with all stakeholders to fulfil the delivery objectives for effective, accurate and timely risk management and reporting.
• Partners with senior team members and a widely distributed global user community to define and implement solutions.
• Help track and address CCR data and methodology issues, develop weekly metrics and remediation plans for system enhancements.
• Work with technology to understand infrastructure gaps, systems, and data flows. Identify and document gaps and suggest improvements for target state build-out.
• Communicate key findings and issues to senior management and provide regular status updates.
• Create presentations and documents for internal and regulatory use on various topics spanning deliverables in respective areas.

Qualifications

• 5+ years of experience in the financial industry and banking
• Direct experience in end-to-end project delivery, and knowledge of various analytical tools
• Understanding of financial market products - Derivatives (Bilateral & Cleared), Securities Financial Transactions (SFTs), Margin lending and Financing.
• Knowledge of counterparty credit risk concepts, data, system integration, and processes
• Understanding of counterparty exposure metrics - Net Stressed Exposure, Factor Sensitivities, Potential Future Exposure, Settlement Exposure, Intraday exposure
• Excellent project management and business analysis skills
• Strong written and verbal communication skills with focus on stakeholder management
• Strong analytical and problem-solving skills with attention to detail
• Ability to work well with cross-functional teams from Business, Risk, Technology and Compliance
• Ability to collaborate and clearly communicate with senior members of an organization.

Education

• Bachelor's/Master's degree in finance, technology, economics, or a related field preferred

What we can offer

• A hybrid working model with 3 days in the office and 2 days working remotely, giving you flexibility alongside team connection.
• Exposure to complex, high-value commercial and financial decisions that directly shape vendor strategy at a global scale.
• Access to learning and development resources that support your growth in data analytics, financial governance, and emerging technologies.
• The opportunity to work across finance, sourcing, and technology functions, broadening your professional network and cross-functional expertise.
• Wellbeing support and work-life balance initiatives designed to help you perform at your best.
• Competitive financial benefits and a rewards package aligned to your experience and contribution.

Job Family Group

Product Management and Development

Job Family

Product Development

Time Type

Full time

Most Relevant Skills

Please see the requirements listed above.

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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