24 Oct
Citi
London
Job description
In-Business Risk is the risk-management team within Front Office that oversees all risk-taking and trading activities globally.
We analyse and opine on the risk associated with any new significant transaction and all risks aggregated at the portfolio level. Our aim is to :
1) prevent significant losses and create a culture of no-surprise by assessing thoroughly all risk types and challenging trading desks' views
2) enable risk-taking for new trade types and optimise risk allocation at the portfolio level (VaR, RWA, etc)
3) create best-in-class risk reports and fully map P&L; to risk
4) represent the business for all Capital & Regulatory matters.
We produce highly visible and sought-after analysis and opinion for traders, trading heads and senior management of the firm;
our approach is data-driven as well as qualitative.
We are looking for someone to join us at a mid-senior level based in London to be mainly focused to ourmodities business with 5-10% of time typically spent on the rest of the asset classes at Citi (Fixed-Ie, FX, Equities, Credit, etc) and firm-wide projects (mainly climate risk).
Initially the main focus will be checking and challenging the implementation of FRTB (Fundamental Review of the Trading Book) formodities;
progressively the role will then epass overseeing all risk-taking and trading activities in Crude & Refined Oil, Ags and Index within themodities business line.
Key responsibilities :
For FRTB (Fundamental Review of the Trading Book) :
- Understand, support and drive the implementation of FRTB at Citi across asset classes,modities in particular, assuring collaboration and coherence in the implementation approach
- Support IBR team in identifying critical gaps,
executing gap closure in line with regulatorymitments
- Support regulatory exams in relation to In-Business Risk and the implementation of FRTB at Citi
- Maintain focus on key deliverables and prioritizing pragmatic, effective and achievable implementations that align with key gaps and objectives
- Be organically involved in both driving the solutions needed to implement FRTB, providing detailed accurate status reporting as an inexpensive by-product of engaging in hands on execution
Thereafter :
Assess the risk for new trade types (new underlying, new payout, unusual size, etc) by using existing tools or developing new analytics (backtesting, etc);
determine parameters to stay within risk appetite and stress associated hedging strategy
- Ensure trading performance is within agreed risk framework and take required action such as tweaking risk allocation, stopping traders out, etc.
- Produce reports that properly reflect risk and performance; articulate drivers behind those risk and performance.
- Create a strong rapport with traders by helping them understand risk and p&l; in their books and at the same time by challenging their market views and positioning.
- Work with Quants and Tech to keep improving the trading platform and analytics.
- Work with cross-asset colleagues to help aggregate and reportmodities risks and performance with the wider firm.
Knowledge, skills and experience required :
- Experience in a quantitative or risk function required
- Knowledge and experience inmodities markets (Metals,
Power & Gas, Oil etc.) a must
- Knowledge of financial instruments and risk metrics
- Quantitative skills including mathematics involved in risk estimation and modelling
- Must be a self-starter, lateral thinker, flexible, innovative and adaptive
- Ability to work collaboratively at all levels of the organisation as well as ability to challenge status quo
- Excellent project management, organisational andmunication skills. Capability to handle multiple projects at one time
- Proficiency in programming languages such as Python etc is a plus
- Degree in a quantitative or financial discipline or equivalent experience
What we can offer you :
This is a role that has a high growth potential as this will expose to obtaining a deep understanding of new capital rule (Basel that twill define / affect optimal capital deployment by the business going forward and help develop a strong understanding of various products / markets and associated risks within Markets business and how they are identified, monitored and controlled.
By working with many areas of the bank, this role gives you the opportunity to work closely with many of your peers and gain a strong understanding of the various asset classes that make up the markets business, a grounding which as your career develops will provide many opportunities to grow.
By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week),
but also receive apetitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as :
- 27 days annual leave (plus bank holidays)
- A discretional annual performance related bonus
- Private Medical Care & Life Insurance
- Employee Assistance Program
- Pension Plan
- Paid Parental Leave
- Special discounts for employees, family, and friends
- Access to an array of learning and development resources
Alongside these benefits Citi ismitted to ensuring our workplace is where everyone feelsfortableing to work as their whole self, every day.
We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.
Job Family Group :
Institutional Trading
Job Family : Trading
Trading
Time Type : Full time
Full time
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.
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Job ID 24757644
▶️ Markets Analyst, Vice President - London at Citi
🖊️ Citi
📍 London