Business Risk & Controls, AVP

Citi ,
London, Greater London
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Job Description

Job Purpose: Working as part of the Global Low Touch e-Trading Activity (LTA) team, the role would entail real-time monitoring of all algorithmic trading activities by Citi's traders and clients in EMEA for signs of disorderly trading and limit breaches as well as working with business, Compliance and Risk to implement strategic control enhancement projects. The role is required to ensure compliance with regulatory requirements, namely MIFID II, as well as supporting and contributing to the enhancement of the LTA related risk control framework. The role therefore has a critical part to play in ensuring best business practice, as well as satisfying MIFID II and the focus of several regulatory bodies who scrutinize our control framework around LTA. Job Background/context: This role is to be part of the BCS Low Touch eTrading Activity (LTA) team. The role will involve real time monitoring of all algorithmic trading activities in EMEA, liaising with the respective trading desks in investigating signs of disorderly trading. The role would also support the oversight of LTA across global Markets and Securities Services and assist in the development of the control frameworks applied to LTA ensuring a robust and preventive control framework in the businesses. Key Responsibilities: Real-time monitoring of all algorithmic trading activities by Citi's traders and clients in EMEA for signs of disorderly trading, limit breaches etc. Work with the Desk heads, Compliance and Risk functions to determine appropriate pre-trade limits, changing and periodic review of these limits Develop and enhance critical LTA Governance Systems to further strengthen the LTA control framework. Assess desk procedures and workflow (i.e. list of systems used, change and approval processes for pre-trade and post trade limits, documentation) Review kill switch activation procedures and escalation protocols Implementation and management of remedial actions Significant input into LTA governance framework including maintenance of LTA strategy and application inventory, new strategy and application approval, maintenance of LTA related documents Annual self-assessment of LTA key controls and drawing up validation report to comply with MIFID 2 requirement Development Value: This role plays a leading contribution to the strategic direction of the internal control framework related to LTA. A great opportunity for the correctly motivated individual to get exposure to electronic trading businesses within Citi and develop relationships with many different revenue-generating and control functions throughout the firm. Knowledge/Experience: Excellent process and task management skills; capable of seeing the bigger picture as well as strong focus on day-today execution. Experience of working with colleagues from different businesses, regions and support functions Experience in a controls or trading related role (Trader/Desk Assistant, Middle Office, Compliance, Audit) desirable not essential Experience in coding (C++, JAVA, Python) desirable not essential Strong financial skills, analytical skills and problem solving skills Qualifications: Relevant Markets experience preferably in a controls or trading related role (Trader/Desk Assistant, Middle Office, Compliance, Audit) Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience. Skills: Strong communication skills Tenacious hands-on problem-solving skills. Excellent task management skills and capable of keeping many different moving parts in view at once. Strong project management skills; ability to balance short-term and medium-term remedial action. Ability to identify and manage dependencies across large parts of the front office and control functions. Focus on execution and getting the job done Competencies: Quick Learner Attention to detail and accuracy Highly organized and efficient at prioritising tasks Excellent communication skills Fast-thinking; nimble at joining the dots Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience. Valuing Diversity: Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organizational success. Citi is an Equal Opportunities Employer. ----- Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - GB ----- Time Type :Full time ----- 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" poste

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