ICM Counterparty Exposure Product Development, 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 CCR Product Development team within ICM is responsible for building tools to a) provide in-depth quantitative or qualitative analysis to solve business problems and develop new, innovative solutions b) build tools to help measure, monitor and control counterparty risk for institutional clients and c) 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 co-ordination with in-business risk managers, second line risk managers and senior stakeholders to understand their priorities and build the technology book of work
• Work with technology to build infrastructure for effective, accurate and timely risk management and reporting
• Build project plans, facilitate data and impact analysis, define business requirements and UAT strategy for technology implementations
• Help align various risk measures for consistent risk monitoring and document methodology differences
• Help track and address CCR data and methodology issues, develop weekly metrics and remediation plans for technology fixes
• Perform daily and weekly analysis of stress variances and identify operational issues and technology fixes
• 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 the stress testing infrastructure, 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
• Understanding and experience on counterparty exposure metrics - PFE, Stress Testing, Factor Sensitivities
• Excellent project management and business analysis skills
• Subject matter expertise in counterparty credit risk, risk management concepts, data, systems and processes
• Understanding of Derivatives, SFTs and other wholesale products
• Understanding of stress testing, credit and market data, pricing, calculations and reporting
• Strong Excel skills ideally incorporating VBA (Visual Basic for Applications)
• Experience handling large volumes of data, database programming skills
• Large scale project management experience
• Strong analytical and problem solving skills with good attention to detail and a demonstrated aptitude for tackling issues
• Ability to work well with cross-functional teams from Business, Credit, Operations and Compliance
• Strong written and verbal communication skills
• Intellectual curiosity, analytical and conceptual
• Ability to collaborate and clearly communicate with senior members of an organization
• Excellent written and oral communication skills
• Ability to work independently as well as in a team environment.

Education:

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

-------------------------------------------------

Job Family Group:

-------------------------------------------------

Job Family:

------------------------------------------------------

Time Type:

------------------------------------------------------

Primary Location:

------------------------------------------------------

Primary Location Salary Range:

------------------------------------------------------

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.

View the "EEO is the Law" poster. View the EEO is the Law Supplement.

View the EEO Policy Statement.

View the Pay Transparency Posting