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The Markets Data Risk team is looking for a Lead Risk Analyst – VP to help implement, execute and monitor the 1st Line of Defense (1LOD) data controls for Markets Business.
Role Context
This role is within the Markets Data Risk function responsible for managing and quantifying data risk across various critical use cases for Markets business. The role is specifically with BaU risk control team which designs, operates and facilitates 1st Line controls on periodic basis.
The team works closely with Global Markets Trading Businesses, In-Business Risk (IBR), Global Market Risk (GMR), and Finance in building 1st Line of Defense (1LOD) data controls, managing data risk, and implementing data quality issue management and governance with automated data analytics across processes and activities. In that capacity it overlaps with critical programs such as Price Risk, Standardized Approach for calculating Counterparty Credit Risk under Basel regulations (SA-CCR) and Fundamental Review of the Trading Book (FRTB) and Credit Valuation Adjustment (CVA).
The role specifically requires prior knowledge of market products (rates, credit, equity etc.) across one or more asset classes and associated risk processes with first- and second-line risk management such as market risk, counterparty credit risk, or valuation risk etc.
Responsibilities:
- Design, implement and operate daily or period risk data controls to measure risk KPIs, analyze business metrics, escalate data quality issues in a timely and well-articulated manner, and lead issue remediation
- For one or more use cases (e.g. FRTB, SA CCR etc.) – execute specific set of markets data risk controls periodically to monitor business KPIs as well as identify opportunities for control enhancements as per markets business priorities and regulatory requirements
- By application of markets products and risk knowledge, drive continual and incremental risk improvements in control KPIs and effectiveness with ultimate objective to quantify and mitigate data risk for markets business
- Use “design mindset” to understand the root cause of DQ issues impacting business and risk KPIs to propose remediation in alignment with end-to-end data flows and target state solutions
- Act as SME in market products and risk domain to articulate value-add business solution in collaboration with stakeholders to facilitate decision making process
- Support regulatory and Internal Audit engagements, identify necessary corrective actions and facilitate remediation, ensuring timely response and delivery
Qualifications & skills:
- 8+ years of experience in relevant fields of Market Risk Management, Product Control or product valuation specialist with First Line and/or Second Line experience or in an associated consulting role
- Significant experience with designing and monitoring key controls in a markets trading environment
- Strong controls mindset, identifying and mitigating risks, communicating and escalating concerns
- Strong data storytelling skills by crafting compelling narratives using data and monitoring controls
- Excellent oral and written communications skills with the ability to interact effectively at all levels, develop strong partnerships across the organization, and present complex information clearly to senior stakeholders
- Robust analytical problem-solving abilities and a high level of integrity to deal with highly confidential data
- Experience dealing with regulators, Audit, Compliance, and other risk and control functions
- Must be proficient with Excel, use of Python, SQL, Tableau, and other digital tools is a plus
- Self-starting with proven ability to hit the ground running
- Ability to handle complexity, ambiguity and a fast changing, often demanding work environment
Education:
- Bachelor’s/University degree or equivalent experience, Master degree a plus.
- CFA, FRM or related certification is plus
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Risk Management
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In-Business Risk
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Full time
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$94,960.00 - $213,600.00
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Analytical Thinking, Controls Lifecycle, Credible Challenge, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.
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Business Acumen, Constructive Debate, Escalation Management, Issue Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Stakeholder Management.
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We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.
Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.
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This job opening is for an existing job vacancy.
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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
