Counter Party Credit Risk, Business Analytics - Vice President
Citigroup
Institutional Credit Management (ICM) group 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 businesses to ensure full alignment on business and regulatory goals, as well as consistency and best practices.
The Counterparty Credit Risk (CCR) Product Development team within ICM is responsible for building tools to:
+ Provide in-depth quantitative or qualitative analysis to solve business problems and develop new, innovative solutions.
+ Build tools to help measure, monitor and control counterparty risk for institutional clients.
+ 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
+ Develop and enhance tools for the measurement, monitoring and reporting of counterparty exposure including Potential Future Exposure (PFE), Settlement Risk, Intraday risk, Stress testing and participate in project management of strategic risk infrastructure development.
+ Work in close coordination with Front office sales & trading, in-business risk managers, second line risk managers and risk senior stakeholders.
+ Manage end-to-end product development lifecycle and scope product releases, track business priorities, define business requirements and UAT strategy incorporating regulatory and compliance requirements.
+ Perform data analysis, document as-is and to-be state, requirement gathering, draft BRDs, UAT and Impact analysis.
+ Work with all stakeholders to fulfil the delivery objectives for effective, accurate and timely risk management and reporting.
+ Partners with senior team members and a widely distributed global user community to define and implement solutions.
+ Help track and address CCR data and methodology issues, develop weekly metrics and remediation plans for system enhancements.
+ Work with technology to understand infrastructure gaps, 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 spanning deliverables in respective areas.
**Qualifications:**
+ 6+ years of experience in the financial industry and banking.
+ Direct experience in end-to-end project delivery, preferably in product development, and knowledge of various analytical tools
+ Understanding of financial market products – Derivatives (Bilateral & Cleared), Securities Financial Transactions (SFTs), Margin lending and Financing.
+ Knowledge of counterparty credit risk concepts, data, system integration, and processes
+ Understanding of counterparty exposure metrics – Potential Future Exposure, Stressed exposure, Settlement Exposure, Intraday exposure
+ Excellent project management and business analysis skills
+ Strong written and verbal communication skills with focus on stakeholder management
+ Strong analytical and problem-solving skills with attention to detail
+ Ability to work well with cross-functional teams from Business, Risk, Technology and Compliance
+ Ability to collaborate and clearly communicate with senior members of an organization.
+ Ability to build networks and relationships internally and externally.
**Education:**
Bachelor’s/Master’s degree in finance, technology, economics, or a related field preferred or relevant experience.
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**Job Family Group:**
Product Management and Development
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**Job Family:**
Product Development
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**Time Type:**
Full time
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**Primary Location:**
3800 CITIGROUP CENTER DRIVE BUILDING A TAMPA
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**Primary Location Full Time Salary Range:**
$103,920.00 - $155,880.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
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**Anticipated Posting Close Date:**
Sep 17, 2024
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