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Senior Market Risk Manager - SVP

Job ID 20228626 Primary Location Sydney, Australia; Job Category Risk Management
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Senior Market Risk Manager - SVP

The Market Risk Manager is responsible for measuring, monitoring and analysing the organisation’s market risk exposure on a day-to-day and long-term basis for various financial products. Market risk pertains to potential loss due to market movements such as changes in interest rates, equity prices, credit spreads and foreign exchange rates. Work with traders or trading management and recommend actions to mitigate risk. Responsible for monitoring and analyzing the organization’s risk exposure by understanding the risks and rewards of the Citi products. Structures solutions to mitigate risks of those products.


  • Providing independent market risk oversight for a wide spectrum of fixed income trading desks
  • Work closely with front office to ensure in-depth understanding of trading strategies, analysing market movements and their impact on the trading portfolio
  • Develop and monitor business compliance with market risk limit framework in accordance with risk appetite and policy guidelines
  • Review and approve large, illiquid and / or complex transactions, new products and trading ideas, providing guidance on key risk issues, being comfortable around risk return and deal structure
  • Work with senior risk managers in market specific compliance programs
  • Autonomously monitor business compliance with the firm’s market risk-related policies
  • Assess second order risks that may not be adequately accounted for in the risk monitoring metrics
  • Laisse with Quants to assess the validity of market-related assumptions inherent in models used valuation and/or market risk measurement purposes
  • Actively participate in the ongoing development, implementation and upgrade of risk systems to ensure integrity and appropriate independence and accuracy of risk reporting
  • Understand key drivers of VaR and Basel III RWA, and provide support to business on how these are calculated and derived
  • Maintain and update the desk permitted product lists (PPLs), providing explanations for unusual or material trading activity
  • Frequently interact with Product Control, Finance, Legal, Compliance and Middle Office on issues relating to risk capital, pricing, price verification, P&L attribution and market value adjustments
  • Participate in the development of business-level stress testing, review results and assess appropriate follow-up actions
  • Located on the trading floor with frequent interaction with traders, sales and research


  • Extensive years of relevant experience in the financial services sector, prior experience in fixed income market risk management or trading environment will be essential
  • An undergraduate degree in a quantitative or financial discipline. Postgraduate degree is preferred.
  • Advanced knowledge of fixed income financial instruments and risk metrics
  • Highly motivated, attention to detail, team oriented
  • Ability to work with people in front office, finance and system support
  • Excellent written and verbal communication skills
  • Must be a self-starter, flexible, innovative and adaptive
  • Ability to work collaboratively with people at all levels of the organization
  • Ability to identify issues, take initiative and operate with limited supervision
  • Ability to work well as part of a team, and deliver a common objective with cross function team sets
  • Excellent project management and organizational skills and capability to handle multiple projects at one time


Job Family Group:

Risk Management


Job Family:

Market Risk


Time Type:


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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