Senior Vice President
il y a 3 semaines
Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in analysis, problem-solving, and communication to Citi's Risk Management function. By joining Citi, you will become part of a global organization whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
Team/Role Overview
As part of the implementation of Citi's transformation of Citigroup Markets Europe (CGME) into an investment firm in Germany and as part of Citi's Brexit strategy, this role is required to strengthen market risk management. The role will involve working closely with traders. This role's focus will be on the implementation and management of a regulatory-compliant and robust market risk framework for the entity and meeting the needs of local regulators. Among other things, the role will be responsible for monitoring, reporting, and escalating market risk to internal and external stakeholders and has to ensure that CGME complies with appropriate Citi policies and procedures, industry best market risk management practices, and regulatory requirements at all times.
The role will form part of the Spread Product Global Market Risk team for the oversight of spread product trading activities on CGME legal entity based in Paris. The role will report directly to CGME Market risk head and have a matrix reporting line to the Head of UK/Europe Cluster Spread Market Risk.
The Spread Product Market Risk manager works in a team that covers vanilla and structured credit trading and hedging activity globally. Products include corporate bonds/Credit Default Swaps/indices/Exchange-Traded Funds, credit index options, correlation, and Collateralised Loan Obligations tranches, Credit-Linked Note, and Total Rewards Statement and secured loan financing activities. The individual leads and manages projects cross-functions such as stress testing, risk analytics, regulatory capital, and model risk. This role works at a senior level with other risk disciplines such as credit risk and convergence risk, and engages directly and independently with senior trading heads, in-business risk teams, and senior risk executives.
Key Responsibilities
- Day-to-day responsibility for market risk management of the Spread products risk exposures.
- Actively engaging with the traders/business to ensure proper governance over CGME's market risk exposures.
- Assist with the market risk of European Banking Authority stress testing which aligns with internal and regulatory reporting for spread products.
- Assist in the preparation of regulatory or legal entity governance projects drawing in appropriate regional/global risk resources as required.
- Support CGME's Market Risk team in evaluating legal vehicle market risk controls and framework for spread product business or strategic initiatives.
- Review CGME legal vehicle market risk positions in the context of limits, mandates, and permitted product lists.
- Escalate any issues, with appropriate suggested mitigations, to CGME Head of Market Risk and Head of UK/Europe Cluster without delay.
- Assist with delivery of market risk reports/commentary to Risk Committees, regulators, and Senior Management and in ensuring that market risk component of relevant audits, inspections, and reviews are completed successfully.
- Establishing, ongoing evaluation, and monitoring of market risk limits and coordination of appropriate actions related to limit exceptions or breaches.
- Oversee risk exposure measurement and limit monitoring processes to ensure integrity and reporting efficiencies and ensure adherence to Citi's market risk policies and regulatory requirements.
- Autonomously monitor business compliance with the firm's market risk-related policies.
- Analyse standard loss measures, risk return metrics, and the risk appetite framework.
- Economic and regulatory risk capital concepts and analyse major drivers.
- Participate in the methodology setting for Value at Risk (VaR) and review inputs/outputs of VaR as well as Profit & Loss back testing.
- Monitor financial markets and understand its implications to market risk exposure and the firm.
- Economic and regulatory risk capital concepts and analyse major drivers.
- Consider market risk approval for new model validations and well as existing model revalidations. Participate in the ongoing development, implementation, and upgrade of risk systems and processes, including stress testing, VaR, incremental risk charge/incremental default loss default measures, CitiRisk, and Limit Central.
- Participate in Spread products business meetings, or any other business-related forums for CGME.
Requirements
- Bachelor's/University degree, Post-graduate education in Economic, Finance, Financial Risk Management, or other quantitative discipline preferred.
- Spread Product knowledge is an asset.
- Fluent in written and spoken English, French desirable.
- Proficient in MS Office applications (Excel/VBA, Word, Power Point) and SQL.
- Programming and/or database management experience.
- Interaction with auditors/regulators and understanding of applicable best practice guidelines and regulations.
- Up-to-date working knowledge of regulatory requirements and change, specifically those from Basel and European regulatory authorities (desirable).
- Advanced analytical skills.
- Knowledge of financial instruments and risk metrics. Quantitative skills including mathematics involved in risk estimation and modelling.
- Ability to work both autonomously and collaboratively with people at all levels of the organization; ability to navigate a complex organization.
- Strong interpersonal and communications skills (written/verbal) at all organizational levels.
- Excellent teamwork and project management skills.
What We Can Offer You
The successful candidate will support the creation of the market risk framework and governance for the new businesses moving to CGME. The role will provide a strong understanding of the regulatory environment, the respective businesses, and Risk governance.
By joining Citi Paris, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week) but also receive a competitive base salary (which is annually reviewed) and enjoy a whole host of additional benefits that support you (and your family) to be well, live well, and save well. Discover more HERE.
Alongside these benefits, Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
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