Assistant Vice President, Product Developer - C12 - IRVING

Overview of the Organization:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

As a bank with a brain and a soul, Citi creates economic value that is systemically responsible and in our clients’ best interests. As a financial institution that touches every region of the world and every sector that shapes your daily life, our Enterprise Operations & Technology teams are charged with a mission that rivals any large tech company. Our technology solutions are the foundations of everything we do from keeping the bank safe, managing global resources, and providing the technical tools our workers need to be successful to designing our digital architecture and ensuring our platforms provide a first-class customer experience. We reimagine client and partner experiences to deliver excellence through secure, reliable, and efficient services.

Our commitment to diversity includes a workforce that represents the clients we serve from all walks of life, backgrounds, and origins. We foster an environment where the best people want to work. We value and demand respect for others, promote individuals based on merit, and ensure opportunities for personal development are widely available to all. Ideal candidates are innovators with well-rounded backgrounds who bring their authentic selves to work and complement our culture of delivering results with pride. If you are a problem solver who seeks passion in your work, come join us. We’ll enable growth and progress together.

Overview of the Enterprise Data Office Organization:

Accelerating progress on our data transformation is an imperative for Citi, and over the last several months, we have analyzed what we need to do to make this happen. We are convinced that consistently producing timely, accurate and complete data that we can confidently rely on to run our business is a team sport - one that requires groups to work together toward shared goals.

Given heightened expectations from regulators and a goal to build a strong and consistent global control environment, Citi continues to enhance its business governance framework and has created the Enterprise Data group. Enterprise Data is a critical component of Citi’s first line of defense for wholesale and counterparty credit risk management and works with Independent Risk teams to ensure best-in-class risk and controls, as well as client responsiveness. Key responsibilities of the group include credit analysis, documentation, risk identification, exposure monitoring and stress testing. Enterprise Data coordinates with credit management groups across institutional client businesses to ensure full alignment on business and regulatory goals, as well as consistency and best practices.

The goal of our data transformation is clear: to ensure we can generate accurate and complete information in a timely manner, and use that data to inform our business-as-usual operations and our risk analyses, whether for real-world needs or as part of our scenario planning and regulatory reporting. While that sounds straightforward, it’s a meaningful undertaking to move away from siloed and complex processes, legacy systems, and activity-based metrics that have held us back in the past. 

Overview of the Role:

The Counterparty Credit Risk (CCR) project execution team within Enterprise Data is responsible for building tools to:

• Provide in-depth quantitative or qualitative analysis to solve business problems and develop new, innovative solutions

• Build tools to help measure, monitor and control counterparty risk for institutional clients and

• Portfolios and businesses, with a focus on counter-party and collateral risk to ensure the risks are being properly measured and controlled in accordance with the Firm’s risk policies.

Responsibilities:

As a Business Analyst working in CCR project team, individual will be expected to

• Lead strategic BAU and Regulatory projects primarily impacting Counterparty Credit Risk exposure measures for traded product markets business

• Develop and enhance tools for the measurement, monitoring and reporting of counterparty exposure including Potential Future Exposure (PFE), Settlement Risk, Intraday risk, Stress testing and participate in project management of strategic risk infrastructure development.

• Work in close coordination with Front office sales & trading, in-business risk managers, second line risk managers and risk senior stakeholders.

• Manage end-to-end project/product development lifecycle, build book of work, scope releases, track business priorities, define business requirements and UAT strategy incorporating regulatory and compliance requirements.

• Perform data analysis, document as-is and to-be state, requirement gathering, draft BRDs, UAT and Impact analysis.

• Work with all stakeholders to fulfil the delivery objectives for effective, accurate and timely risk management and reporting.

• Partners with senior team members and a widely distributed global user community to define and implement solutions.

• Help track and address CCR data and methodology issues, develop weekly metrics and remediation plans for system enhancements.

• Work with technology to understand infrastructure gaps, systems, and data flows. Identify and document gaps and suggest improvements for target state build-out.

• Communicate key findings and issues to senior management and provide regular status updates.

• Create presentations and documents for internal and regulatory use on various topics spanning deliverables in respective areas.

Qualifications:

• 3+ years of experience in the financial industry and banking

• Direct experience in end-to-end project delivery, and knowledge of various analytical tools

• Understanding of financial market products – Derivatives (Bilateral & Cleared), Securities Financial Transactions (SFTs), Margin lending and Financing.

• Knowledge of counterparty credit risk concepts, data, system integration, and processes

• Understanding of counterparty exposure metrics – Potential Future Exposure, Stressed exposure, Settlement Exposure, Intraday exposure

• Excellent project management and business analysis skills

• Strong written and verbal communication skills with focus on stakeholder management

• Strong analytical and problem-solving skills with attention to detail

• Ability to work well with cross-functional teams from Business, Risk, Technology and Compliance

• Ability to collaborate and clearly communicate with senior members of an organization.

• Ability to build networks and relationships internally and externally.

Education:

• Bachelor’s/Master’s degree in finance, technology, economics, or a related field preferred or relevant experience.

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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. 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. Available offerings may vary by jurisdiction, job level, and date of hire.

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Anticipated Posting Close Date:

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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 review Accessibility at Citi.

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