Market Risk Senior Group Manager – Director

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

Shape your Career with Citi

Citi’s Risk Management organization oversees risk-taking activities and assesses risks and issues independently of the front line units. We establish and maintain the enterprise risk management framework that ensures the ability to consistently identify, measure, monitor, control and report material aggregate risks.

We’re currently looking for a high caliber professional to join our team as Director, Market Risk Senior Group Manager (Internal Job Title: Market Risk Sr Group Manager - C15) based in Sydney, Australia. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:

• We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
• We empower our employees to manage their financial well-being and help them plan for the future.
• We have a variety of programs that help employees balance their work and life, including generous paid time off packages.

The Market Risk Senior Group Manager manages multiple teams through other managers.

In-depth understanding of how own sub-function contributes to achieving the objectives of the function. A good understanding of the industry, direct competitors' products and services, is also necessary in order to contribute to the commercial objectives of the business.

Requires thorough understanding of strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas.

Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary.

Responsible for executing functional strategy in area managed.

Determines approach to implementing functional strategy.

Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of the area(s).

Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses.

Full management responsibility for multiple teams, including management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval.

May be doing involved or responsible for diverse (cross-discipline) activities.

Typically, a direct report to a C16 role and function as an integral member of the functional leadership team within a country/site location, job family, or line of business.

Responsible for measuring, monitoring and analyzing the organization’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.

Individuals monitor trading limits and are responsible for approving transactions over certain established limits.

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.

In this role, you’re expected to:

• Be responsible for management of market risk across various portfolios.
• Identify, monitor and analyze risks in the market specific portfolios.
• Identify, examine and preserve major drivers of risk and returns, analyze trends and explain changes.
• Analyze standard loss measures, risk return metrics, and the risk appetite framework.
• Review scenario analysis to assess potential financial impact to Citi.
• Economic and regulatory risk capital concepts and analyze major drivers.
• Participate in the methodology setting for Value at Risk (VaR) and review inputs/outputs of VaR as well as Profit and Loss (P&L) back testing.
• Consider limit exception requests, model validation requests, and permitted product requests.
• Consider market risk approval for new model validations and well as existing model revalidations.
• Monitor financial markets and understand its implications to market risk exposure.
• Develop tools for on-going portfolio reviews and produce “deep dive” analysis for senior management.
• Produce presentations (regular and ad-hoc) for senior management and regulators.
• Monitor financial markets and understand its implications for the firm.
• Review scenario analysis to assess potential financial impact to Citi.
• Economic and regulatory risk capital concepts and analyze major drivers.
• Work collaboratively with Citi business/functional line management, risk and finance groups.
• Represent Citi on critical regulatory matters as required. Serves as liaison with regulatory examiners, Internal Audit, and external auditors on critical Risk issues and oversees the implementation of related remediation.
• Manage a team or multiple teams of Risk professionals. Responsible for hiring, compensation, performance appraisals, staff development, training, etc.
• 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

As a successful candidate, you’d ideally have the following skills and exposure:

Qualifications:

• 15+ years relevant experience.
• Subject Matter Expert in financial instruments, risk metrics and Market Risk Management.
•  Expert analytical, technical and quantitative skills.
• Expert knowledge of treasury, market risk and liquidity management and knowledge of secured financing, securitization, and derivative products.
• Excellent written and verbal communication skills.
• Must be a self-starter, flexible, innovative and adaptive.
• Highly motivated, attention to detail, team oriented, organized.
• Highly developed presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging.
• Ability to interact and communicate effectively with senior leaders.
• Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholders.
• Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businesses.
• Comfort navigating complex, highly-matrixed organizations.
• Excellent project management and organizational skills and capability to handle multiple projects at one time
• Proficient in Microsoft Office applications (Excel/ Visual Basic for Applications (VBA), Word, PowerPoint) and Structured Query Language (SQL).
• Programming/modeling experience.
• Chartered Financial Analyst (CFA) or Financial Risk Management (FRM).

Education:

• Bachelor’s/University degree, Master’s degree preferred and managerial experience.

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Take the next step in your career, apply for this role at Citi today

https://jobs.citi.com/dei

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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