In Business Risk Manager Vice President NEW YORK

Citi; New York (NY); On-site; USD 130,000 - 195,000; Full time

Job summary

Citi's Global Markets In-Business Risk (IBR) team in New York seeks a VP-level risk professional to own cross-asset market risk analyses derived from trading activities within a Front Office risk framework.

You will lead Markets RWA monitoring, contribute to the FRTB program, translate risk and P&L data into actionable insights, and partner with traders, risk, technology, and quants to optimize capital use.

Qualifications

• 5–10 years of experience in Fixed Income Trading or Structuring/Quantitative Analysis with focus on Market Risk.
• Familiarity with risk management frameworks and ability to extract insights from metrics like HVaR.
• Broad cross-asset class product and market knowledge.

Responsibilities

• Identify and analyze key market risks within trading inventory and portfolio concentrations.
• Communicate findings with Head of IBR and senior trading leaders.
• Own Markets RWA monitoring and analytics; identify drivers and concentrations.
• Support FRTB program including IMA, SA readiness, data analytics, model performance, and regulatory engagement.
• Understand risk appetite and capital framework to optimize risk allocation.
• Track product performance and market drivers to form forward-looking risk views.
• Translate risk and P&L data into actionable insights and develop monitoring tools.
• Assist Head of IBR and Business Heads in ROIC analysis and risk adherence.
• Collaborate with 2nd Line of Defense to size limits and monitor utilization.
• Drive advanced data analytics tools with Tech, Quants, and IBR teams to enhance risk management.
• Support regulatory inquiries and deliverables related to FRTB.
• Provide mentorship to junior team members and ensure high-quality outputs.

Skills

Fixed Income Trading

Market Risk

Python

SQL

Cross-Asset Knowledge

Stakeholder Communication

AI Enthusiast

Education

Bachelor’s or Master’s degree in quantitative field

Job description

The Global Markets In-Business Risk (IBR) is a Front Office 1st Line of Defense team responsible for market risk across asset classes within Citi’s Global Markets division. The team aims to establish a holistic understanding of market risk and capital of the aggregated trading portfolio, as well as to optimize the business’s return on capital. Global Markets IBR covers all trading businesses globally such as Rates and Currencies, Global Spread Products, Commodities, and Global Equities.

This VP-level role will focus on the coverage of cross-asset portfolio risks arising from the firm's trading activities. The ideal candidate will have a background in fixed income trading and possess deep market knowledge and experience with pricing/valuation/risk frameworks.

Key Responsibilities

• Proactively identify, quantify, and analyze key market risks within the Markets’ trading inventory, considering the broader market environment, emerging themes, and portfolio concentrations.
• Communicate findings and discuss risk dynamics with the Head of IBR and senior trading business heads.
• Own Markets RWA monitoring and analytics, identifying key drivers, emerging risk concentrations, and opportunities to manage RWA’s across trading portfolios.
• Support the firm's FRTB program, including IMA implementation, SA readiness, underlying data analytics, model performance analysis, and regulatory engagement related to market risk capital.
• Understand the firm’s risk appetite, limits, and our capital framework to allow effective optimization and allocation of risk.
• Closely track the performance of products across Global Markets, understanding the drivers of market movements to form a forward-looking view on material, concentration, and emerging risks.
• Possesses the ability to translate complex risk, P&L and market data into actionable insights and develop sophisticated solutions for monitoring first-line Market Risk.
• Support the Head of IBR and Business Heads in analyzing their return on capital and adherence to the firm's risk appetite framework.
• Work collaboratively with independent risk teams (2nd Line of Defense) to size appropriate risk limits for the business and monitor risk utilization.
• Drive the development of advanced data analytics tools and comprehensive risk monitoring frameworks by partnering with Technology, Quants, and asset-class specific IBR teams to enhance first-line risk management efficiency.
• Assist with regulatory inquiries and requirements, including deliverables related to FRTB.
• Provide thought leadership and mentorship to junior members of the team, fostering their professional development and ensuring the highest quality of analytical output.

Qualifications

• 5-10 years of experience, preferably in Fixed Income Trading or Structuring/Quantitative Analysis, with a significant focus on managing Market Risk.
• Familiarity with risk managements frameworks and ability to extract risk insights from metrics such as HVaR.
• Broad cross-asset class product and market knowledge.
• Exceptional analytical, quantitative, and numerical competency with strong attention to detail and problem-solving skills.
• Advanced programming skills in Python and SQL are preferred; should be enthusiastic AI adopter/champion.
• Consistently clear and concise written and verbal communication skills, with the ability to engage effectively with senior stakeholders.
• Excellent interpersonal skills to develop and maintain strong relationships with trading desks, second-line risk teams, technology and other partners.
• Must be highly self-motivated and inquisitive, with a strong interest in financial markets, and trading.

Education:

• Bachelor’s or Master’s degree, preferably in a quantitative field such as Finance, Economics, Engineering, or Statistics.

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:

Institutional Trading

Job Family:

Trade Support

Time Type:

Full time

Primary Location:

New York New York United States

Primary Location Full Time Salary Range:

$129,840.00 - $194,760.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

Most Relevant Skills

Please see the requirements listed above.

Other Relevant Skills

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

Anticipated Posting Close Date:

Oct 27, 2026

Automated Processing and AI

We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.

Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.

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