Market Risk Manager - Vice President

11113 Citibank, N.A. South Africa; Johannesburg; On-site; ZAR 60 000 - 100 000; Full time

Job summary

An established industry player seeks a Market Risk Officer to lead risk management strategies and ensure compliance with market risk policies. This role involves collaborating with trading desks to identify risk factors, developing risk limits, and overseeing compliance with regulations. You will engage in complex deliverables that significantly impact the business's performance while enhancing your analytical and project management skills. If you are a self-starter with a strong quantitative background and excellent communication skills, this opportunity offers a fantastic platform for professional growth in a dynamic environment.

Qualifications

• 6-10 years relevant experience in market risk.
• Knowledge of financial instruments and risk metrics is essential.

Responsibilities

• Monitor and analyze market risk exposure for financial products.
• Develop and maintain market risk limits framework.

Skills

Quantitative skills

Excellent communication

Analytical skills

Project management

Self-starter

Flexibility

Collaboration

Education

Bachelor’s degree

Master’s degree

Tools

MS Office (Excel, VBA, Word, PowerPoint)

SQL

Job description

The Market Risk Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function / job family. Responsible for measuring, monitoring and analyzing the organization’s market risk exposure on a day-to-day and long-term basis for various financial products. Market risk pertains to potential loss due to market movements such as changes in interest rates, equity prices, credit spreads and foreign exchange rates. Individuals monitor trading limits and are responsible for approving transactions over certain established limits. Work with traders or trading management and recommend actions to mitigate risk. Responsible for monitoring and analyzing the organization’s risk exposure by understanding the risks and rewards of the Citi products. Structures solutions to mitigate risks of those products.

Responsibilities :

• Working with each trading desk to ensure that all relevant market risk factors are properly identified and formally captured in official risk systems
• Working with senior risk managers in Volcker compliance program
• Developing and maintaining an appropriate autonomous market risk limits framework with applicable limits and triggers
• Autonomously monitor business compliance with the firm’s market risk-related policies
• Assist in credit product and muni product risk reporting and limit monitoring
• Oversee risk exposure measurement and limit monitoring processes to ensure integrity and appropriate independence of reporting
• Participate in the development of business-level stress testing that properly considers risk concentrations by single issuer, risk rating, sector / industry and geography; review results and assess appropriate follow-up actions
• Participate in the ongoing development, implementation and upgrade of risk systems including CRMR / VaR, CRMR / Issuer risk, LimitCentral / Volcker, LimitCentral / issuer risk
• Small tasks / projects which constitute direct integration with trading businesses and market in general, a fantastic learning opportunity for credit market and products
• Working with senior mentors on well-defined mid to long term projects that require technical skills and strategic planning, enabling development in analytical capacity and critical
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications :

• 6-10 years relevant experience
• 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, flexible, innovative and adaptive
• Ability to work collaboratively and with people at all levels of the organization
• Excellent written and verbal communication and interpersonal skills
• Ability to both work collaboratively and autonomously; ability to navigate a complex organization
• Advanced analytical skills
• Excellent project management and organizational skills and capability to handle multiple projects at one time
• Proficient in MS Office applications (Excel / VBA, Word, Power Point) and SQL
• Programming and / or database management experience

Education :

• Bachelor’s / University degree, Master’s degree preferred

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