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Director/Managing Director In Business Risk Financing & Securitization

Job Req ID 22542390 Primary Location New York, New York Job Category Institutional Trading
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The Global Spread Products (GSP) business is seeking a highly motivated individual to be in charge of the In-Business Risk (IBR) function for the Financing & Securitization (F&S) business. The global F&S business is tasked with financing and securitization across multiple asset classes including but not limited to corporate credit, municipal credit, consumer credit, residential and commercial real estate, and other securitized and asset-backed markets. The IBR role will report to the Global Head of GSP.

The individual needs to follow and understand each of the F&S asset classes and the corresponding lending exposures. This would include assessing market risk and credit risk for Held For Sale (HFS) and Held For Investment (HFI) exposures including identifying any material trends in the portfolio and assessing the risks of large episodic transactions.

The ideal candidate will have Front Office experience within Fixed Income (ideally in one of the Spread Products), and ideally experience in managing market and/or credit risks as well. S/he will have demonstrated ability to lead, motivate and influence a diverse team spread across geographies, products and matrixed reporting lines to translate vision into executable plans.

The candidate will be a proxy for and represent the Global Head of GSP at times in senior internal risk forums and in external regulatory meetings as well.

Job responsibilities include:

  • Identify and monitor systemic and idiosyncratic risks across businesses and identify any rising material credit risk drivers
  • Closely track the performance of every product within F&S on a regular basis, understand the drivers of market movements across different asset classes, analyze notable trends to form relative value and forward-looking view of material risks
  • Develop a holistic view of credit risk sensitivities within business, how market events could cause correlated movements across asset classes, and to design appropriate hedging strategy that mitigate the most relevant systemic risks for F&S
  • Work as lead for F&S interaction and implementation of the Institutional Credit Management (“ICM”) target operating model.  ICM is an in-business risk and control function that spans the entire lifecycle of credit extension, including underwriting & credit analysis, transaction management, and portfolio monitoring.
  • Responsible for evaluating, in conjunction with the business, large episodic trades including helping to obtain credit approval
  • Work closely with independent risk teams on existing risk limit utilizations, and upsizes if needed, across businesses
  • Assist in New Product Approval process as new trade types are sought
  • Drive capital treatment interpretations with the relevant control areas at the firm
  • Work with business on Fundamental Credit Reviews, including preparation of materials, interaction with reviewers, and implementation of workflow to address any resulting CAPS
  • Coordinate with business heads and technology team to develop a robust and comprehensive risk monitoring framework that allows the business to manage the overall risk positions in real time
  • Understand firm’s overall risk appetite and capital framework to allow effective optimization and allocation of risk appetite
  • Strengthen risk monitoring, control and governance process within the business

Required skills include:

  • Bachelor or master’s degree, 15 years’ experience preferred in Capital Markets, Market Risk and/or Credit Risk or similar 1st or 2nd Line risk management roles
  • Preferred 6+ years of Front Office experience within Fixed Income with a focus in Credit (Cash & Derivatives)
  • Proven experience leading diverse global teams in a matrixed organization
  • Experience in / ability to partnering with Traders, Quants, Technology and Risk Management, whilst leading engagements with Internal Audit and external Regulators
  • Ability and strong interest to learn and understand new asset classes and its associated risks
  • Strong analytical/quantitative background with ability to analyze relative value cross-asset trading strategies
  • Experience with trading and risk management of derivative products
  • Very strong interpersonal and communication skills
  • Ability to multi-task and work in a dynamic environment under tight deadlines with changing priorities; consistently demonstrated clear and concise written and verbal communication
  • Strong MS Excel, Bloomberg and problem-solving skills
  • Must have strong attention to detail, be self-motivated and inquisitive with an interest in financial markets and trading
  • Solid knowledge of market, model and valuation risk management
  • Ability to articulate strategic vision and influence others
  • Ability to work under pressure and in tight deadlines
  • Senior Credit Officer background preferred

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Job Family Group:

Institutional Trading

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Job Family:

Trading

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Time Type:

Full time

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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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View the EEO Policy Statement.

View the Pay Transparency Posting

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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

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