Markets Analyst, In-Business Risk, Director, New York
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Job Overview
The Global Markets In-Business Risk (IBR) is a Front Office 1st Line of Defense team responsible for market risk across asset classes within Citi's Global Markets division. The team aims to establish a holistic understanding of market risk and capital of the aggregated trading portfolio, as well as to optimize the business's return on capital. Global Markets IBR covers all trading businesses globally such as Rates and Currencies, Global Spread Products, Commodities, and Global Equities. The main focus of this role is a coverage of a cross-asset portfolio risks arising from markets business/trading activities.
Key responsibilities include:
- Identify key market risk within Markets' trading inventory with consideration of key market themes and environments through data analysis. Communicate results daily with head of IBR and trading heads. Help design appropriate hedging strategy as needed.
- Closely track performance of products within Global Markets on a regular basis, understand the drivers of market movements across different asset classes, analyze notable trends to form relative value and forward-looking view of material, concentration, and emerging risks.
- Understand the firm's risk appetite, limits and our capital framework to allow effective optimization and allocation of risk.
- Build front to back holistic understanding of risk and its implications on all attributions of capital, such as Stress losses, Value-at-Risk, etc.
- Support the Head of IBR and Business Heads to analyze their return on capital and risk appetite ratio.
- Work closely with independent risk teams (2nd Line of Defense) in sizing appropriate risk limits for the overall business and monitor risk limit utilizations across businesses.
- Strengthen risk monitoring, control, and governance process within the business and legal entities, assist with occasional regulatory questions and requirements.
- Work with Technology / MQA to develop comprehensive risk monitoring framework to manage overall portfolio risk and capital utilization in a timely manner, propose optimization strategy.
Qualifications:
- 10+ years of experience in a related role, such as Trading/Structuring/Research or Quantitative/Data Analysis, for which one of the focuses was centered on managing Market Risk.
- Background and knowledge of Fixed Income and equity markets, and Fixed Income product structuring and trading are beneficial.
- Cross asset class product and market knowledge is important.
- Effective interpersonal skills to develop and maintain relationships.
- Consistently clear and concise written and verbal communication.
- Exceptional analytical and numerical competency. Strong analytical / quantitative background.
- Must have strong attention to detail, be self-motivated and inquisitive with an interest in financial markets and trading.
- Strong MS Excel, Bloomberg, Tableau, and problem-solving skills. Programming skills such as SQL and Python are preferred.
- Ability and strong interest to learn and understand various asset classes and associated risks
Education:
Bachelor's degree or master's degree. Preferably Engineering, Statistics, or Finance.