At a Glance
- Tasks: Lead risk management for non-trading market risks and ensure compliance with regulations.
- Company: Join a leading financial institution with a focus on innovation and teamwork.
- Benefits: Competitive salary, hybrid work model, and opportunities for professional growth.
- Other info: Dynamic role with excellent career advancement potential.
- Why this job: Make a significant impact in risk management while working with top industry professionals.
- Qualifications: Strong analytical skills and experience in risk management or capital markets.
The predicted salary is between 121500 - 148500 $ per year.
The Chief Risk Officer for Finance (Finance CRO) organization provides risk management oversight of the Global Finance function, including effective risk challenge and mitigation of risk for capital, liquidity, interest rate risk and Treasury investments, and ensures compliance with all risk-related regulatory requirements.
The Non-Trading Market Risk Management group, as a part of the Finance CRO organization, is responsible for independent risk management of non-trading market risk, including interest rate risk in the banking book as well as market risk management of Treasury Investments. It identifies, measures, and monitors non-trading market risks and provides independent review and challenge to the first-line activities.
The Vice President, Non-Trading Market Risk Management provides independent second line role in Non-Trading Market Risk including Interest Rate Risk in the Banking Book and market risk management of Treasury Investments. Participates in establishment of frameworks for evaluating the impact of adverse Non-Trading Market Risk events and circumstances on the Firm’s operations and financial condition. Utilizes thorough understanding of methodologies, relevant regulatory requirements, and governance control processes for independent risk management oversight of Non-Trading Market Risk activities. Provides contribution to development of target state strategy of the overall approach to Non-Trading Market Risk programs in alignment with the Enterprise Risk Management Framework.
Responsibilities:
- Ensures second line independent market risk oversight of first line including Interest Rate Risk in the Banking Book (IRRBB) and market risk management of Treasury Investments.
- Reviews and challenges IRRBB risk identification activities performed by the first line units.
- Reviews the challenges IRRBB proposal on entity limits, assumptions, and models, as well as transfer pricing strategies.
- Monitors periodically, understanding the drivers of significant movements in reported IRRBB exposures of pricing risk, curve risk and optionality.
- Monitors Non-Trading Market Risk stress loss limits and reviews associated management actions.
- Coordinates the development of relevant Non-Trading Market Risk Frameworks, Policies and Procedures.
- Coordinates Non-Trading Market Risk review and challenge of New Activities proposals.
- Reviews risk management processes for conceptual soundness, fitness for purpose and potential limitations and weaknesses.
Qualifications:
- Broad understanding of risk management and analytics.
- Strong analytical knowledge of capital markets products.
- Experience in market risk management preferred.
- Familiar with interest rate risk in banking book, investments, and balance sheet management activities.
- Excellent quantitative and technical skills on fixed income analytics.
- Strong written and verbal communication skills.
- Goal driven with excellent ability to work within a team globally.
- Highly motivated with attention to detail.
- Proficient with AI tools provided by the company.
Education:
- Bachelor’s degree with strong academic record in economics, finance or other quantitative field. Master’s or higher degree is preferred.
- 5-10 years Experience in Risk Management, Treasury, Capital Markets or other functions within a financial services sector.
Non-Trading Market Risk - IRRBB, Vice President employer: Citigroup Inc.
Citi is an exceptional employer that fosters a dynamic and inclusive work culture, particularly for the Lead Automation Developer role in a high-velocity Agile environment. Employees benefit from extensive professional growth opportunities, cutting-edge technology integration, and a commitment to innovation, all while collaborating with talented teams to drive impactful solutions. Located in a vibrant city, Citi offers a supportive atmosphere that values diversity and encourages continuous learning, making it an ideal place for those seeking meaningful and rewarding careers.
