In-Business Risk (IBR) Manager for Futures & Derivatives Clearing

Citi is looking for an in-business risk professional who will report into the Global Head of product in-business risk (IBR) and have the responsibility for counterparty and platform risk management. As a risk manager in In-Business Risk (IBR) within Equities you will be responsible for measuring, monitoring, and controlling risk for Futures, OTC Clearing, and potentially other business lines.

This is a first line of defence role, managing risk and monitoring the platform exposure by evolving the risk framework and other risk governance items to ensure a proper control environment and strategic platform development.

You will support the Futures & Derivatives Clearing (FDC) businesses, with the opportunity to help with FX Prime Brokerage (PB) and/or Fixed Income PB, depending on the candidate. The Risk professional should have a working knowledge of institutional risk management and experience across different asset classes (e.g., Rates, Equities, FX, Credit, and Commodities).

What you will do will be varied day to day, but the key drivers for the role are:

• Analyse portfolio exposure, with a focus on counterparty and liquidity risk, to ensure the risks are being properly measured and controlled in accordance with the firm’s risk policies.

• Monitor client portfolios to ensure that risks are controlled, primarily market-driven counterparty risk and liquidity risk, but also documentation, legal and reputational.

• Perform regular risk reviews incorporating counterparty and liquidity risk measures, including scenario stress testing and sensitivity analysis, as well as adequacy of margin collected from clients.

• Formulate views around product risk appetite and be able to review and challenge business stakeholders’ risk “asks”.

• Build real-time risk and margin controls and processes to monitor automated client trading flows and establish limit structures/controls and processes to ensure that clients operate within limits.

• Help produce and maintain client risk reports for consumption by independent risk and senior product stakeholders.

• Work closely with Credit/Execution/Onboardings team to help facilitate limit approvals for existing and new clients on the platform, including proxy portfolio risk assessment as well as with partners in Market Risk, Credit Risk, and stress test developers to create and utilize models for accurate measurement of clients’ overnight or intraday exposure. This may encompass VaR, scenario stress testing, sensitivities, and liquidation costs.

• Prioritize risk management product development projects with partners in product development and IT.

• Communicate risk views to senior management and other key stakeholders across the firm.

What we will need from you:

• Due to the scope of this role, experience of successfully working with a global team of analytical and experienced decision-makers is key.

• Experience of front office risk management or experience in an associated risk function with a very strong product knowledge across the relevant platforms, asset types and client investment strategies a must.

• Strong analytical skills with a strong attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modelling.

• Ability to work collaboratively with cross-functional teams from Product, Sales, Trading, Credit Risk, Operations and Compliance but also challenge the status quo and re-engineer processes, looking for ways to do things more efficiently and effectively when applicable.

• Ability to balance risk and reward as we facilitate business growth while effectively managing risk.

• Strong programming skills highly desirable in any of the following: Python, C++, Excel (VBA), SQL

• Scenario stress testing acumen and instrument modelling skills are desirable.

This role will appeal to those who enjoy working with internal stakeholders and have an analytical and risk focused view of the exchange traded and over the counter derivative space spanning all assets and nonlinear options. An individual with experience working in a role such as market or counterparty credit risk with the relevant product experience who is looking to find a new and challenging opportunity would likely find this role interesting.

What we will provide you:

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 a competitive 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 is committed to ensuring our workplace is where everyone feels comfortable coming 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.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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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.

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