Non-Trading Market Risk Senior Officer - SVP

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Job Overview

The Non-Trading Market Risk Senior Officer (SVP, C14) is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Typically, a small number of people within the business that provide the same level of expertise. Excellent communication skills required in order to negotiate internally, often at a senior level. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Accountable for significant direct business results or authoritative advice regarding the operations of the business. Necessitates a degree of responsibility over technical strategy. Primarily affects a sub-function. Responsible for handling staff management issues, including resource management and allocation of work within the team/project.

Responsibilities:

• Oversee and challenge first-line-of-defense FX hedging activities for Citi’s Net Investment, non-US dollar sovereign bond investments, and their associated FX and interest rate hedges.
• Review and challenge first-line activities related to managing foreign exchange risk for Citi’s non-US dollar denominated debt and non-US dollar capital investments in major countries.
• Conduct independent analysis of FX markets for major countries, assessing central bank policies, fiscal policies, global trade flows, geopolitical events, and cross-asset class correlations.
• Monitor Available-for-Sale (AFS) and FX hedging transactions executed by the first line of defense.
• Ensure risk metrics are appropriate to effectively measure, monitor, and manage FX risks, and monitor reports of AFS activity provided to Senior Management and regulators.
• Maintain and enhance the scenario-based risk monitoring framework for all net investment hedge-related limits and Management Action Triggers (MATs).
• Support cluster and country Markets Treasury, Corporate Treasury, and Controllers in the execution of new projects, such as FX hedging for M&A activities.
• Conduct periodic reviews of NTMR limits and MATs related to FX, in collaboration with Treasury.
• Review and challenge any changes to Portfolio-Based Hedging model inputs or assumptions that diverge from the approved Model Description Document (MDD) as provided by the first line of defense.
• Liaise with members of Risk Reporting/Risk Management, Finance, and Treasury to establish reporting requirements and develop the tools, analysis and reporting necessary to proactively identify and manage risk with respect to portfolios and products, and continuously update the reporting process to reflect the current business structure.
• Assists in completing ongoing / daily treasury-related tasks, projects, and analyses.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 10+ years relevant experience

Education:

• Bachelor’s/University degree, Master’s degree preferred

The Chief Risk Officer for Finance (Finance CRO) organization provides independent risk management oversight of the Global Finance function. This includes delivering effective risk challenge and ensuring the mitigation of risks related to capital, liquidity, interest rate risk, and Treasury investments, while also ensuring compliance with all risk-related regulatory requirements. The Finance CRO team also oversees key risk management methodologies and calculations, including CECL, IFRS9 for credit reserves, and Basel Advanced RWA.

As part of the Finance CRO organization, the Non-Trading Market Risk (NTMR) Management group is responsible for the independent risk management of non-trading market risks, primarily Interest Rate Risk in the Banking Book (IRRBB), FX Risk in Banking Book (FXRBB), and the market risk of Treasury Investments. The team identifies, measures, and monitors these risks and provides independent review and challenge to first-line-of-defense activities.

This Senior Vice President position is a key role within the Banking Book Risk Measurement. The successful candidate will be responsible for providing independent market risk oversight of the first line of defense.

Ideal Candidate Profile

The ideal candidate will have extensive Treasury, Finance, Risk Management, and/or Audit experience relevant to Asset Liability Management and Balance Sheet Management, preferably gained within a U.S. G-SIB. They must possess excellent communication and presentation skills and be able to collaborate effectively through interactions with Treasury and Independent Risk. A thorough understanding of risk methodologies, relevant regulatory requirements, and governance control processes for independent risk management of Non-Trading Market Risk activities is essential for success in this role.

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Job Family Group:

Risk Management

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Job Family:

Finance Risk

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Time Type:

Full time

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Primary Location Full Time Salary Range:

$141,600.00 - $212,400.00

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Most Relevant Skills

Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Issue Management, Management Reporting, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment.

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Other Relevant Skills

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

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Automated Processing and AI

We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.

Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.

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This job opening is for an existing job vacancy.

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