Market Risk - FRTB Business Analyst, Vice President

Citi; Mumbai; Hybrid; INR 2,500,000 - 4,500,000; Full time

Job summary

Citi in Mumbai seeks an experienced FRTB Market Risk Business Analyst to translate complex market risk frameworks into clear policies. You will develop and govern risk policies, ensuring portfolios remain healthy, compliant, and aligned with global standards while supporting regional requirements.

The role involves interfacing with regional risk teams, tracking policy implementation, analyzing data to monitor risk, and reporting to stakeholders.

Qualifications

• 8+ years of experience in risk management, policy development, or related field.
• Background in governance, controls, and risk management processes within financial services.
• Experience as a risk policy officer or similar risk management role.
• Ability to analyze data to support portfolio monitoring and risk decisions.

Responsibilities

• Manage market risk policy under FRTB framework for assigned product portfolios to maintain portfolio health.
• Develop and interpret risk frameworks and policies that guide credit and market risk decisions across the business.
• Partner with regional risk teams to secure policy approvals and confirm alignment with global and regional policy requirements.
• Analyze portfolio and segment level data to monitor risk exposure, inform policy adjustments, and support sound credit decisions.
• Track policy implementation progress and report status updates to key stakeholders.
• Identify obstacles to policy execution and resolve them to keep programs on schedule.
• Prepare performance reports on risk policies and recommend improvements that strengthen governance.
• Assess risk in business decisions and elevate control issues with transparency to protect Citi, its clients, and its assets.

Skills

Risk management

Policy development

Governance

Regulatory compliance

Data analysis

Stakeholder communication

FRTB knowledge

Change management

Tools

Python

Job description

The FRTB Market Risk Business Analyst role sits at the center of how Citi manages risk across its trading book, turning complex market risk frameworks into clear, actionable policy. In this role, you will develop and oversee risk policies that keep portfolios healthy, compliant, and aligned with global and regional requirements. Your analysis and policy governance will directly inform credit and market risk decisions that protect Citi, its clients, and its reputation.

Responsibilities

• Manage market risk policy under the FRTB framework for assigned product portfolios to maintain overall portfolio health.
• Develop and interpret risk frameworks and policies that guide credit and market risk decisions across the business.
• Partner with regional risk teams to secure policy approvals and confirm alignment with global and regional policy requirements.
• Analyze portfolio and segment level data to monitor risk exposure, inform policy adjustments, and support sound credit decisions.
• Track policy implementation progress and report status updates to key stakeholders.
• Identify obstacles to policy execution and resolve them to keep programs on schedule.
• Prepare performance reports on risk policies and recommend improvements that strengthen governance.
• Assess risk in business decisions and elevate control issues with transparency to protect Citi, its clients, and its assets.

Required Qualifications & Skills

• Brings 8+ years of experience in risk management, policy development, or a related field.
• Has a background in governance, controls, and risk management processes within financial services.
• Has worked as a risk policy officer or in a similar risk management role.
• Understands market trends, risk management practices, and portfolio strategy.
• Has experience developing risk policies and assessing and mitigating financial risk.
• Analyzes and interprets data to support portfolio monitoring and sound risk decisions.
• Navigates regulatory requirements and compliance considerations across financial services and communicates findings clearly to stakeholders.

What We Offer

Join a global risk organization where your policy expertise directly shapes how Citi manages market risk across its trading book.

• Work in a hybrid arrangement with 3 days in the office and 2 days working remotely each week.
• Shape governance and policy decisions that influence risk outcomes across global and regional portfolios.
• Build expertise in market risk frameworks, including FRTB, alongside experienced risk professionals.
• Access learning and development programs that support long term career growth in risk management.
• Benefit from financial wellbeing resources that support long term planning.
• Collaborate with risk and policy teams across regions on a global scale.

The role is to join the Global Market Risk Change Management Team with specific focus on managing the change the bank aspect of the Basel 3 Endgame Market Risk regulation globally - also known as Fundamental Review of the Trading Book (FRTB).

This role will cover PM & BA activities with hands on involvement in the design and execution of detailed testing across both Standardized Approach (SA) and Internal Models Advances Approach (IMA).

Knowledge of the FRTB US regulation would be beneficial as would any exposure to Market Risk practice in general. Any knowledge of python or A prompting would also be very usefull.

Job Family Group

Risk Management

Job Family

Risk Framework and Policy

Time Type

Full time

Most Relevant Skills

Analytical Thinking, Controls Lifecycle, Credible Challenge, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.

Other Relevant Skills

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

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