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VP, Market Risk Manager / LATAM

Job Req ID 20240244 Primary Location New York, New York; Miami, Florida; Tampa, Florida Job Category Risk Management
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Vice President Market risk manager focusing on LATAM trading activity of Emerging Market Credit Trading business (part of Global Spread Products), and reporting into MD Exec Group Risk Manager in London

Key Responsibilities:

  • Work with trading desk to ensure that all relevant market risk factors are properly identified and formally captured in official risk systems

  • Develop and maintain an appropriate independent market risk limits framework with applicable limits and triggers in cooperation with senior global market risk manager

  • Independently monitor business compliance with the firm’s market risk-related policies

  • Review and recommend approval for new transactions, providing transaction support and guidance on risk issues during product development, in particular for transactions with potential reputational and franchise risks

  • Oversee risk exposure measurement and limit monitoring processes to ensure integrity and appropriate independence of reporting. Work closely with Volcker office in reviewing and validating risk data and Volcker metrics as appropriate and seek explanations for unusual or material trading activity as warranted by various Volcker metrics.

  •  Involvement in maintenance and update of the desk permitted product lists (PPLs) and providing senior risk manager support in reviewing market risk limit exceptions and pre-approval for large, illiquid or complex trade requests.

  •  Actively participate in the development of business-level stress testing that properly considers risk concentrations by single issuer, risk rating, sector/industry and geography; review results and determine appropriate follow-up actions in close cooperation and coordination with senior global EMCT risk manager. Involved in analyzing, validating and ensuring the proper reporting of regular internal and regulatory stress testing results (GSST, CCAR, PRA, etc.)

  •  Improve the transparency of key trading risk exposures to senior business and ICG Risk management

  •  Frequently interact with Product Control on issues relating to pricing, price verification, PAA and market value adjustments

  •  Actively participate in the ongoing development, implementation and upgrade of risk systems

  •  Assess the validity of market-related assumptions inherent in models used for official valuation and/or market risk measurement purposes

  •  Actively participate in understanding and explaining key drivers of the Basel III RWA and provide support to business to understand how these are calculated and derived

  •  Working closely with convergence and credit risk groups in providing input and feedback related to market-related assessment of liquidity of collateral used in financing transactions.

Development Value:

  • By being exposed to the wide range of financial instruments traded across emerging markets, the role will enable the successful candidate to get a deeper understanding of the markets in which these products trade while at the same time gaining direct exposure to traders, Research, Finance and Technology in addition to many other areas of Risk Management.

  • As a quantitative discipline sitting close to the market and in the middle of credit and market risk areas with highly technical assignment, our group provides fundamental and direct opportunities to enable risk analyst in developing skills required in credit, quantitative, reporting and project management.

  • Candidate should be a self-starter, analytical inclined, proficient and extremely comfortable in VBA, Excel and other related systems, be able to generate analysis in using system independently and with help of risk reporting team, be able to solve complex problem in a consistent as well as pragmatic way. Be able to assess real time risk associated complex transactions.

Knowledge, skills and experience required:

  • Basic understanding of markets and market characteristics, such as pricing, market liquidity and market volatility, across a broad range of financial instruments

  • 4+ years experience in either a risk management or trading role is an advantage

  • Attention to detail and strong analytical skills, focus on accuracy and diligence.

  • Sound computing skills essential, prior programming and/or database management experience is an advantage

  • Strong interpersonal and communication skills given the need for frequent interaction with peers in NY and London and other control functions.

  • Spanish or Portuguese language skills a plus but not required

  • An undergraduate or postgraduate degree in a quantitative or financial discipline.

  • Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.

  • Readiness to use initiative and work with limited supervision

  • Ability to work well in groups and flexibility in addressing a number of projects simultaneously

  • Willingness to resolve conflicts and work well under pressure

  • Ability to evaluate both strategic and tactical issues related to the business

  • Natural curiosity, intellectual capacity

  • Good communicator, proficiency in PPT

  • Quantitative inclined

  • Good in Excel/VB, technical confident Knowledge in Python a plus. Prior programming and/or database management experience a plus.

  • Sound computing skills essential, prior programming and/or database management experience a plus

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Job Family Group:

Risk Management

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Job Family:

Market Risk

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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.

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 Pay Transparency Posting

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