Portfolio Management and Analytics VP/Director

Citi; Houston (TX); On-site; USD 80,000 - 120,000; Full time

Benefits offered by this job

Medical, dental & vision coverage

401(k)

Paid time off packages

Job summary

Citi is looking for a skilled professional in Houston to join the Portfolio Management & Analytics team responsible for overseeing risk management and trading activities in the Commodities business. The ideal candidate should hold a degree in a quantitative or financial discipline and possess previous experience in risk functions.

You will assess risks for new trade types, produce detailed reports, and collaborate with trading teams to enhance understanding of risk and performance. Key skills include quantitative analysis, excellent communication, and project management capabilities.

Citi also offers comprehensive employee benefits including medical coverage and paid time off.

Qualifications

• Previous experience in a quantitative or risk function.
• Knowledge and experience in NA Power, Gas, and Emissions market.
• Ability to work collaboratively at all levels and challenge the status quo.

Responsibilities

• Assess the risk for new trade types and structured transactions.
• Produce reports reflecting risk and performance accurately.
• Communicate emerging risk themes to senior management.

Skills

Quantitative skills

Knowledge of financial instruments

Communication skills

Project management skills

Programming in Python

Education

Degree in a quantitative or financial discipline

Job description

Portfolio Management & Analytics is the risk‑management team within Front Office that oversees all risk‑taking and trading activities globally for the Commodities business (Energy, Metals, Ags, etc). We analyze and opine on the risk associated with any new significant transaction and all risks aggregated at the portfolio level. Our aim is to 1) prevent significant losses and create a culture of no‑surprise by assessing thoroughly all risk types and challenging trading desks’ views, 2) enable risk‑taking for new trade types and optimize risk allocation at the portfolio level (VaR, RWA, etc.), 3) produce deep‑diving analysis on key and complex risks for management awareness that can lead trading to change their risk‑management approach, and 4) create best‑in‑class risk reports and fully map P&L to risk. We produce highly visible and sought‑after analysis and opinion for traders, trading heads and senior management of the Commodities business and the wider firm; our approach is data‑driven as well as qualitative.

Key Responsibilities

• Assess the risk for new trade types (new underlying, new payout, unusual size, etc but especially complex and structured transactions) by using existing tools or developing new analytics (backtesting, etc); determine parameters to stay within risk appetite and stress associated hedging strategy.
• Ensure trading performance is within agreed risk framework and take required action such as tweaking risk allocation, stopping traders out, etc.
• Produce reports that properly reflect risk and performance; articulate drivers behind those risk and performance.
• Create a strong rapport with traders by helping them understand risk and P&L in their books and at the same time by challenging their market views and positioning.
• Communicate on emerging risk themes and escape pressing matters with senior management.
• Work with Quants and Tech to keep improving the trading platform and analytics.
• Work with the In‑Business Risk group which aggregates and reports risks and performance from a front‑office perspective for the Global Head of Markets.

Knowledge, Skills and Experience Required

• Degree in a quantitative or financial discipline.
• Previous experience in a quantitative or risk function.
• Knowledge and experience in NA Power, Gas and Emissions market a must.
• Knowledge of financial instruments and risk metrics.
• Quantitative skills including mathematics involved in risk estimation and modelling.
• Excellent written and verbal communication skills.
• Must be a self‑starter, lateral thinker, flexible, innovative and adaptive.
• Ability to work collaboratively at all levels of the organization as well as ability to challenge status quo.
• Excellent project management and organizational skills and capability to handle multiple projects at one time.
• Proficiency in programming languages such as Python is a plus.

This job description provides a high‑level review of the types of work performed. Other job‑related duties may be assigned as required.

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.

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.