In-Business Risk 1st Line of Defense Lead Analyst

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Job Overview

Credit & Price Risk Execution is actively seeking a highly skilled and practically minded Business Risk Officer to join our dynamic team. This pivotal role focuses on managing financial risk across our Global Markets division, specifically concentrating on critical areas such as trading desk revenue calculation, P&L explain, valuation methodologies, trade booking, and lifecycle management.

This is an exciting opportunity for a professional with excellent knowledge of financial products and processes to work closely with Trading Desks, Business Management, Finance (Product Control), Operations, and Technology.

The incumbent will be a key member of a cross-functional team, collaborating closely with the business and our Finance partners on strategic initiatives aimed at significantly improving Markets revenue reporting capabilities. This includes enhancing Trader Revenue Estimate (T0 flash), P&L reporting, and P&L Explained (PAA) for over 500 trading desks in more than 60 countries. The success of these improvements will be measured against relevant metrics and will contribute to meeting crucial regulatory and senior management deliverables.

Furthermore, this role is a vital component of a broader In-business risk function directly supporting Global Markets, one of the major businesses within the Citibank Group. The Global Markets In-business risk team is mandated to establish and maintain a robust First Line of Defence to financial risk management activities across Markets.

Key Responsibilities

• Risk Identification and Assessment:
  • Proactively identify potential risks related to T0 flash, P&L reporting, and PAA processes, including operational, data, and systemic issues.
  • Conduct in-depth analysis of T0 flash, P&L reporting, and PAA against established Key Performance Metrics (KPMs) to assess risk exposure and control effectiveness.
• Issue and Escalation Management:
  • Perform comprehensive root cause analysis and identify thematic deficiencies that may exist across all Global Markets businesses.
  • Work with relevant stakeholders to develop and build cross-markets remedial solutions, managing issues from identification through to resolution.
  • Facilitate regulatory requests across T0 flash, P&L reporting and PAA from a 1st Line perspective, ensuring timely and accurate responses.
  • Drive escalation management processes for significant risks or control failures, ensuring appropriate stakeholders are informed and actions are taken promptly.
• Risk Controls and Monitors:
  • Collaborate with technology and business teams to design and implement robust risk controls and monitors within the revenue reporting ecosystem.
  • Continuously monitor the effectiveness of existing controls and propose enhancements to mitigate identified risks.
• Stakeholder Management & Communication:
  • Provide ongoing specialist support to assigned businesses on revenue estimates reporting and governance expectations.
  • Present key metrics, risk assessments, and thematic findings to senior business management and at cross-functional working groups (involving business, technology, and finance partners), engaging in constructive debate to drive optimal outcomes.
  • Effectively articulate complex risk concepts and solutions to diverse audiences.

Qualifications and Competencies

• Experience:
  • Strong experience (ideally 5+ years) in a relevant financial services role, such as:
    • First Line Control (In-Business Risk)
    • P&L Production
    • Middle Office
    • Product Control
    • Investment Operations
  • Proven experience in strategic design and project management implementation, with a track record of delivering complex solutions in a financial environment.
• Skills & Attributes:
  • Analytical Thinking: Exceptional analytical and problem-solving skills, with the ability to dissect complex data, identify underlying issues, and develop practical solutions.
  • Business Acumen: Strong understanding of financial markets products, trading lifecycle, and the underlying business drivers impacting revenue and P&L.
  • Constructive Debate: Ability to engage in productive discussions, challenge assumptions respectfully, and contribute to consensus-building among diverse stakeholders.
  • Escalation Management: Demonstrated capability in recognising critical issues, escalating them appropriately, and driving them to resolution.
  • Issue Management: Proven experience in identifying, tracking, and resolving operational and control-related issues.
  • Risk Controls and Monitors: Practical experience in designing, implementing, and monitoring internal controls and key risk indicators.
  • Risk Identification and Assessment: Strong proficiency in identifying, assessing, and prioritising various types of financial and operational risks.
  • Stakeholder Management: Excellent interpersonal skills with the ability to interact, influence, and build strong relationships with senior business stakeholders across different functions (Trading Desks, Business Management, Finance, Operations, Technology).
  • Capable of prioritising tasks and managing multiple responsibilities efficiently in a dynamic and fast-paced environment.
  • Excellent oral and written communication skills; must be articulate, persuasive, and able to convey complex information clearly.
  • Data Proficiency: Experience working with large datasets and strong SQL skills are highly desirable.
  • Proficiency in Microsoft Suite, including advanced Excel, PowerPoint, PowerBI, SharePoint, and Visio.
• Education:
  • Bachelor’s degree (or equivalent experience) in Finance, Economics, Business, Risk Management, or a related quantitative field.
• Professional qualifications (e.g., CFA, FRM) or equivalent experience are highly desirable.

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Job Family Group:

Risk Management

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Job Family:

In-Business Risk

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Business Acumen, Constructive Debate, Escalation Management, Issue Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Stakeholder Management.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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