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Director - Head of Price Risk & Control - Markets & Securities Services

Job ID 20195411 Primary Location London, United Kingdom, New York, New York; Job Category Risk Management
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Citi Markets & Securities Services (MSS) is looking for a MSS Head of Price Risk & Control.  The successful candidate will likely have significant market risk experience and will lead an expanding function responsible for designing, implementing and leading an enhanced strategic control framework for Price Risk across MSS. 

Price Risk covers inventory and collateral valuations, market risk and related risk factor sensitivities, model risk including model methodologies, development and documentation.  Successful execution will require partnership with traders, quants, Technology and Risk Management while leading engagements with Internal Audit and regulators.  

This role is a key member of a broader 1st Line Risk & Control function directly supporting MSS as one of the major businesses within the Institutional Clients Group.  The MSS Risk & Control team is mandated to establish and maintain a robust 1st Line of Defense designed to minimize risk within the business including leading critical control remediation projects to mitigate risk in Trading, Financial Crimes and Conduct while ensuring strong governance to measure, monitor, manage and escalate key risks. 

Key Responsibilities:   

  • Design, implement and operate the MSS 1st Line Price Risk control framework covering Market, Model and Valuation risk
  • Develop a global, cross-regional team of highly skilled individuals with diverse experience in related disciplines
  • Develop and execute remediation plans, contributing to Citi’s broader Price Risk program
  • Deliver Price Risk components of Citi’s Derivatives & Securities Financing Transactions program including stress testing and risk management capabilities
  • Partner with Technology to deliver front-to-back technology infrastructure enhancements
  • Establish Price Risk standards across MSS, perform current state assessments and drive remediation
  • Implement an ongoing testing and continuous monitoring framework, including lessons learned process
  • Deliver enhanced reporting, escalation and governance
  • Strategic project management, status tracking and reporting to various governance fora
  • Work with Business and 2nd Line Risk Management to support market risk violation assessments, governance and reporting
  • Ensure consistent ongoing application of controls and monitoring across MSS leveraging MCA framework (Manager Control Assessments)
  • Partner with ICRM, ORM and Internal Audit to support and respond to independent assessments
  • Manage interaction with various global regulators

Qualifications and Competencies:

  • Bachelor’s degree required, Master’s degree preferred
  • 15 years’ experience ideally in Capital Markets, Market Risk or similar 1st or 2nd Line risk management roles
  • Strong track record in strategic design and project management implementation, delivering complex solutions
  • Solid knowledge of derivatives & securities financing, market, model and valuation risk management
  • Strong organizational leadership and influencing skills
  • Ability to articulate strategic vision and impact & influence others
  • Works well under pressure and in tight deadlines

Qualifications and Competencies:

  • Bachelor’s degree required, Master’s degree preferred
  • 15 years’ experience ideally in Capital Markets, Market Risk or similar 1st or 2nd Line risk management roles
  • Strong track record in strategic design and project management implementation, delivering complex solutions
  • Solid knowledge of derivatives & securities financing, market, model and valuation risk management
  • Strong organizational leadership and influencing skills
  • Ability to articulate strategic vision and impact & influence others
  • Works well under pressure and in tight deadlines

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Job Family Group:

Risk Management

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Job Family:

Business Risk & Controls

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Time Type:

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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.

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