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Citi
,
London, Greater London
Front Office In-Business Risk Management (IBR) for Equity Derivatives
Overview
Job Description
**Key Responsibilities:** + Developing an end-to-end counterparty credit risk platform and risk management framework for Equity Derivatives + Building new tools and/or improving existing tools to measure counterparty risk on a pre-trade and post-trade basis + Ensuring appropriate risk monitoring and oversight of in-business counterparty credit risk including stress models/tools, credit assessment, risk reporting and escalation/governance model + Engaging with second line partners on bespoke or esoteric derivative transactions (most likely in Exotics, Hybrids, CIS) where risk and front office system integration and an accurate reflection of trade-specific risk is paramount + Provide SME support to businesses on risk-related activities + Actively liaise and coordinate with Sales and Trading on new products including limits, stress testing, etc.to help shepherd the product through discussions with second line partners + Monitor EqD client portfolios to ensure that risks are controlled + Develop and utilize risk management tools for the measurement, monitoring and management of exposure + Perform standard daily and weekly analysis as well as customized risk analysis. Communicate key findings to senior management. + Put together presentations and documents for internal and external use on various topics including stress methodologies, risk governance and summarizing key risk issues + Analyze the control environment including periodic review of key controls, vetting of new systems, processes, policies and procedures associated with and/or related to market and/or credit risk and ensuring they are in line with market practices + Work closely with the EqD Financial Resource Management team to ensure connectivity to regulatory capital **Qualifications:** + Experience with managing Market or Credit risk + Relevant Market Risk experience across Equities and/or Structured Products + Strong analytical skills with good attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modelling and assimilation of data into a working product + Clear and concise written and verbal communication skills + Ability to work independently as well as with multiple functional groups in a cohesive manner + Ability to multi-task and prioritize initiatives + Able to voice opinion and engage in dialogues with broader EqD product / business heads + Solid understanding of internal risk-related Policies and Procedures, particularly those impacting the ICG Credit and Market Risk organization + Sound risk and business judgment + Stress testing skills a plus; instrument modelling skills desirable + Strong Excel skills ideally incorporating VBA (Visual Basic for Applications) + Programming skills in Python, R or other statistical languages also a plus **Education:** + Bachelor's/University degree or equivalent experience + Major in Mathematics, Science or Finance/Economics is highly preferred This role reports jointly into the Head of Equity Derivatives Trading and the Head of ESS IBR. ----- Grade :All Job Level - All Job Functions ----- Time Type : ----- Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity. Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity CLICK HERE at . To view the "EEO is the Law" poster CLICK HERE at . To view the EEO is the Law Supplement CLICK HERE at . To view the EEO Policy Statement CLICK HERE at . To view the Pay Transparency Posting CLICK HERE at . Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.