Market Risk Senior Officer

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Job Overview

The Market Risk Senior Officer is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Typically a small number of people within the business that provide the same level of expertise. Excellent communication skills required in order to negotiate internally, often at a senior level. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Accountable for significant direct business results or authoritative advice regarding the operations of the business. Necessitates a degree of responsibility over technical strategy. Primarily affects a sub-function. Responsible for handling staff management issues, including resource management and allocation of work within the team/project. 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.

Responsibilities:

• Risk Management oversight of Market Risk function

• Establish and approve country/legal entity level limits and triggers in alignment with  Risk Appetite, Policies and local regulatory requirements.

• Review, monitor and escalate breaches for country / LV (Legal Vehicle), limits/triggers in respective local governance committees/forums.

• Review volatility and correlation of historical market factor series for respective EM countries. Recommend adjustments if needed.

• Review Legal Vehicle back-testing reports and present in respective governance forums including potential exceptions.

• Establish and maintain local market risk documents, such as policies, standards or desktop procedures in accordance local governance and regulatory requirements, and Global Policy requirements.

• Assess and escalate known large, complex and illiquid trades that may need to undergo the pre-trade approval process to Market Risk seniors.

• Provide input in ICAAP, SREP and ad-hoc regulatory requests on related Market Risk topics.

• Oversee creation and maintenance of market risk reports in alignment with local Regulatory requirements and risk reporting strategy, as necessary.

• Review new transactions/programs as per New Activity Risk Management process related to Global Market Risk.

• Attend and participate in Product Control Group PAA Meetings (and Valuation Control Group Price Verification meetings complete follow up actions as necessary.

• Provide risk oversight and credible challenge to the first line of defense on growing market risks/tail risks for their respective country/LV coverage. Identify and discuss with Business if there is the potential for trigger events.

• Ensure that market risk component of relevant audits, inspections and reviews are completed successfully.

• Ensure appropriate stress testing in place that properly considers legal entity risks.

• Closely collaborate with Cluster and Global Market Risk teams.

Qualifications:

• 10+ years relevant experience

• Degree in a Quantitative or Financial discipline

• Advanced knowledge of financial instruments, risk metrics and Market Risk Management

• Advanced analytical, technical and quantitative skills

• Expert knowledge of treasury, market risk 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

• Developed presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging

• Ability to work collaboratively and with people at all levels of the organization

• Excellent project management and organizational skills and capability to handle multiple projects at one time

• Proficient in MS Office applications (Excel/VBA, Word, PowerPoint) and SQL

• Programming/modeling experience ( e.g. Python)

• Fluent Polish and English

Citi Handlowy offers:

• Job contract and social benefits (private medical care, fitness card, life insurance, pension programme, co-financing of cultural and entertainment events and more. Full list can be found here: www.karierawciti.pl under Benefits for you and Benefits for your loved ones sections)

• Access to e-learning platform (Degreed) as well as English learning platform

• Possibility to gain globally appreciated work experience

• Flexible and partly-remote working conditions

Your personal data will be administered by Bank Handlowy w Warszawie S.A. with its registered office in Warsaw, ul. Senatorska 16. The Bank carries out the processing of your personal data first of all to conduct the recruitment process in which you participate, i.e. in the scope specified in Article 22(1) of the Labour Code (Article 6(1)(c)  of the GDPR). You are entitled to: access your personal data, rectify them, erase them, restrict their processing, transfer your data and object to their processing. More detailed information is available at the website: BankHandlowyPolandPrivacyNotice

Please read the information about internal reports procedure – Whistleblowers Protection Act: BankHandlowyPolandWhistleblowersProtectionAct

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Job Family Group:

Risk Management

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Job Family:

Market Risk

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Credible Challenge, Data Analysis, Governance, Industry Knowledge, Policy and Procedure, Policy and Regulation, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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