Price Risk Transformation – Pricing and Valuations Data Workstream Lead (Director)

Overview:

Citi Markets Transformation is looking for Pricing and Valuations Data Workstream Lead, supporting the Price Risk Initiative.  ‘Price Risk’ includes all aspects of market risk management across First Line and Second Line functions and the initiative sets out to improve and enhance risk management controls and processes across Markets business.

Role Context:

The role will be part of a central Price Risk Program team charged with ensuring the timely execution of deliverables across all workstreams whilst imparting their subject matter expertise and know-how to be able to provide meaningful solutions that are functional and sustainable. The team is responsible n driving transformation in underlying risk and control processes. 

The role requires some knowledge of Price Risk processes covering inventory, valuations, front-to-back controls, market risk processes(Value-at-Risk VaR, Stress-testing), model risk (including model methodology and validation), product control (P&L explain), IPV (Independent Price Verification) and end to end governance.  Successful execution will require collaborating with cross-functional stakeholders within Traders, Markets Risk and Control, Quants, Technology and Risk Management and Finance, while leading engagements with Internal Audit and regulators. The program covers all asset classes.  In addition, change skills to define, organize and co-ordinate a program of work across businesses and regions. It will involve collaboration with stakeholder groups to define a best in class target state, as well as a set of practical actions to achieve. 

The workstreams range from frameworks with a focus on operating model, risk and controls, methodologies, data and data controls, front office valuations and controls, various market risk related workstreams to P&L attribution analysis (PAA), IPV and Price Risk reporting.

Development Opportunities:

• Chance to build an exceptional global network of professionals, trading desks, technology teams and 2nd line functions, including Finance and Risk
• Long-term career path across geographies and business lines
• Competitive compensation package and benefits
• Flexible work arrangements

Responsibilities:

• Support the Price Risk Program Initiative lead(s) to drive execution of strategic deliverables aligned to Data, Data Controls and Architecture changes
• Lead or participate in working groups, workshops and stakeholders to understand data and business requirements, define project plans and manage timelines
• Understand the data quality issues aligned with that data set including end to end data flows and controls and ensure these are addressed in the defined target state solution with robust controls
• Work with relevant Citi leadership as well as outside experts to design a target-state control-framework for Price Risk, which meets regulatory expectations
• Define a strategy to execute against the designed target-state control-framework for Price Risk, including business analysis, data analysis, practical testing and implementation
• Oversee a project management/SME team to design required actions to implement the target state and track completion of the actions in line with Citi change methodology
• Identify issues and collaborate with stakeholders to generate solutions
• Work with Control and Internal Audit stakeholders to ensure credible challenge throughout the remediation process and validation of results in line with Citi’s Internal Audit requirements
• Present on status of the program to senior stakeholders within Citi

Qualifications & skills:

• 10-15 years of experience in relevant fields of Market Risk Management, Product Control or product valuation specialist with First Line and/or Second Line experience or in an associated consulting role
• Excellent oral and written communications skills; must be articulate and persuasive with the judgement and authority to provide insightful commentary to senior stakeholders.
• Ability to drive change to business practices by working effectively across a global organization.
• Ability to handle complexity, ambiguity and a fast changing, often demanding work environment
• Self-starting with the ability to multitask and prioritize
• Good knowledge of data used in Price Risk processes (trade, market data, reference data), data governance and lineage – experience in operationalizing golden sources of data
• Experience in post-trade risk and valuation infrastructure
• Ability to analyse large data sets and recommend ways to improve quality, controls, and efficiency
• Must be proficient with Excel - Use of Python, SQL, Digital tools would be a significant plus
• Project management and change capabilities
• Capable of prioritizing and multi-tasking in a dynamic, fast paced environment.
• Demonstrated analytical skills with follow-up and problem solving capability

Education:

Bachelor’s/University degree or equivalent experience, potentially Master’s degree.

What we can offer you:

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well. By joining Citi, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure.
• A discretional annual performance related bonus.
• Private medical insurance packages to suit your personal circumstances.
• Employee Assistance Program.
• Pension Plan.
• Paid Parental Leave.
• Special discounts for employees, family, and friends.
• Access to an array of learning and development resources.

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need. Then apply to discover the true extent of your capabilities.

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