Counterparty Exposure Product Developer, VP (Hybrid)

Background

Given heightened expectations from regulators and a goal to build a strong and consistent global control environment, Citi continues to enhance its business governance framework and has created the Institutional Credit Management (ICM) group. ICM is a critical component of Citi’s first line of defense for wholesale and counterparty credit risk management and works with Independent Risk teams to ensure best-in-class risk and controls, as well as client responsiveness. Key responsibilities of the group include credit analysis, documentation, risk identification, exposure monitoring and stress testing. ICM coordinates with credit management groups across ICG businesses to ensure full alignment on business and regulatory goals, as well as consistency and best practices.

The Counterparty Credit Risk (CCR) Product Development team within ICM is responsible for building tools to:

• Provide in-depth quantitative or qualitative analysis to solve business problems and develop new, innovative solutions.

• Build tools to help measure, monitor and control counterparty risk for institutional clients.

• Portfolios and businesses, with a focus on counter-party and collateral risk to ensure the risks are being properly measured and controlled in accordance with the Firm’s risk policies.

Responsibilities:

• Lead strategic BAU and Regulatory projects for Counterparty Exposure Product Development

• Work in close coordination with in-business risk managers, second line risk managers and risk senior stakeholders

• Manage end-to-end product development lifecycle and scope product releases, track business priorities, define business requirements and UAT strategy incorporating regulatory and compliance requirements

• Perform data analysis, document as-is and to-be state, requirement gathering, draft BRDs, UAT and Impact analysis

• Work with all stakeholders to fulfill the delivery objectives for effective, accurate and timely risk management and reporting

• Partners with senior team members and a widely distributed global user community to define and implement solutions

• Help track and address CCR data and methodology issues, develop weekly metrics and remediation plans for system enhancements

• Develop and enhance tools for the measurement, monitoring and reporting of counterparty exposure including Stress Testing, PFE, Risk Capital and participate in project management of strategic risk infrastructure development

• Work with technology to understand infrastructure gaps, systems, and data flows. Identify and document gaps and suggest improvements for target state build-out.

• Communicate key findings and issues to senior management and provide regular status updates

• Create presentations and documents for internal and regulatory use on various topics including, stress methodologies, and summarizing stress testing issues

Qualifications:

• 7+ years of experience in the financial industry and banking

• Direct experience in end-to-end project delivery, preferably in product development, and knowledge of various analytical tools

• Understanding of financial market products – Derivatives (Bilateral & Cleared), Securities Financial Transactions (SFTs), Margin lending and Financing

• Knowledge of counterparty credit risk concepts, data, system integration, and processes

• Understanding of counterparty exposure metrics – Potential Future Exposure and Stressed exposure

• Excellent project management and business analysis skills

• Strong written and verbal communication skills with focus on stakeholder management

• Strong analytical and problem-solving skills with attention to detail

• Ability to work well with cross-functional teams from Business, Risk, Technology and Compliance

• Ability to collaborate and clearly communicate with senior members of an organization.

• Ability to build networks and relationships internally and externally

Education:

• Bachelor’s/Master’s degree in finance, technology, economics, or a related field preferred

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