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Job Overview
Global Markets In-Business Risk (IBR) is a front office team responsible for market risk across all asset classes in Citi’s Global Markets division.
The team develops a holistic understanding of market risk and evaluates the risk/reward and capital impact across the aggregated Markets’ trading portfolio to optimize the return on capital, within risk appetites.
It covers Rates and Currencies, Spread Products, Commodities and Equities.
This role is focused on the cross-asset portfolio risks arising from Markets trading activities.
What you will do:
- Identify and quantify current and emerging market risks within Markets’ trading inventory, leveraging data analysis, newsflow and research. Discuss these with head of IBR and trading businesses. Design appropriate hedging strategies as needed.
- Track asset performance and basis moves across markets. Understand the primary drivers, transmission mechanisms and second order impacts across asset classes. Connect the dots to produce a forward-looking view of material and emerging risks and potential PnL impacts.
- Understand the firm’s risk appetite, limits, and our capital framework to guide effective optimization and allocation of risk. This includes understanding VaR, Stress loss, FRTB, etc. at both Markets and material legal entity levels.
- Support head of IBR and trading businesses to analyze their return on capital and risk appetite ratio.
- Represent the business (1st Line of Defense) and work closely with independent risk teams (2nd Line of Defense) in sizing appropriate risk limits and managing their utilization for Markets business and some material legal entities
- Assist with occasional regulatory questions and requirements, including non-US regulatory requests related to FRTB readiness
- Work with Technology / MQA to improve risk monitoring framework for managing overall portfolio risk and capital utilization
What we need from you:
- Experience in trading or trading strategy is preferred, otherwise experience in a related role such structuring, macro research or quantitative analysis, with a focus on managing market risk.
- Deep subject matter expertise in at least one asset class and the ability to draw parallels between emerging dynamics and risks in different asset classes
- Strong interpersonal skills; to build relationships with trading desks and second line risk
- Clear and concise written and verbal communication
- Exceptional analytical competency, attention to detail and problem-solving skills
- The candidate must be highly self-motivated, with a desire to learn and continuously improve their own understanding and their contribution to the team’s goals
- An interest in geopolitics, financial markets and trading
- Strong in MS Excel. Programing skills such as SQL and python are preferred
Education:
Bachelor’s degree or master’s degree. Preferably in Economics, Engineering, Statistics, or Finance.
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Job Family Group:
Institutional Trading------------------------------------------------------
Job Family:
Trade Support------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Please see the requirements listed above.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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