[New Job Opening] EMEA Head of Spread Product Market Risk job Vacancy in Citi, London

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Job Details:
Company name : Citi
Position Name :
EMEA Head of Spread Product Market Risk
Job ID :
Description : The EMEA Head of Spread Product Market Risk manages team of five covering market risk arising from spread products trading, including global emerging market trading , underwriting and other price risk in banking book, engaging independently and directly with regulators, senior management, senior risk executives, senior trading heads and in-business risk teams. This C15 role works at senior level with other risk disciplines such as credit risk, convergence risk, country risk, enterprise risk etc. The role leads and manages projects cross functions such as model risk, risk analytics, regulatory capital, risk reporting and stress testing.
The role requires in-depth understanding of how own sub-function contributes to achieving the objectives of the function. A good understanding of the industry, direct competitors’ products and services, is also necessary in order to contribute to the commercial objectives of the business. Requires thorough understanding of strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary. Responsible for executing functional strategy in area managed. Determines approach to implementing functional strategy. Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of the area(s). Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses. Full management responsibility for multiple teams, including management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval. May be doing involved or responsible for diverse (cross-discipline) activities. Typically, a direct report to a C16 role and function as an intergral member of the functional leadership team within a country/site location, job family, or line of business. Responsible for measuring, monitoring and analyzing the organization’s market risk exposure on a day-to-day and long-term basis for various financial products. Market risk pertains to potential loss due to market movements such as changes in interest rates, equity prices, credit spreads and foreign exchange rates. Individuals monitor trading limits and are responsible for approving transactions over certain established limits. Work with traders or trading management and recommend actions to mitigate risk. Responsible for monitoring and analyzing the organization’s risk exposure by understanding the risks and rewards of the Citi products. Structures solutions to mitigate risks of those products.
Responsible for management of market risk across various GSP products and businesses in the EMEA region, including global emerging market
Having regular meetings with PRA and other regulators
Communicating risk effectively with regional CRO and legal entity risk governance
Managing path to target state and deliverables of projects involving multiple stakeholders
Responsible for managing market risk taken by GSP business on all UK/EU legal entities, working in close partnership with respective legal entity market risk management teams and enforcing and enhancing an SMR market risk management governance framework put in place for respective legal entities
Identify, monitor and analyze risks in the market specific portfolios
Identify, examine and preserve major drivers of risk and returns, analyze trends and explain changes.
Analyze standard loss measures, risk return metrics, and the risk appetite framework.
Review scenario analysis to assess potential financial impact to Citi.
Economic and regulatory risk capital concepts and analyze major drivers
Participate in the methodology setting for VaR and review inputs/outputs of VaR as well as P&L back testing
Consider limit exception requests, model validation requests, and permitted product requests.
Consider market risk approval for new model validations and well as existing model revalidations.
Monitor financial markets and understand its implications to market risk exposure.
Develop tools for on-going portfolio reviews and produce “deep dive” analysis for senior management.
Produce presentations (regular and ad-hoc) for senior management and regulators.
Monitor financial markets and understand its implications for the firm.
Review scenario analysis to assess potential financial impact to Citi.
Economic and regulatory risk capital concepts and analyze major drivers
Work collaboratively with Citi business/functional line management, risk and finance groups
Represent Citi on critical regulatory matters as required. Serves as liaison with regulatory examiners, Internal Audit, and external auditors on critical Risk issues and oversees the implementation of related remediation.
Manage a team of Risk professionals. Responsible for hiring, compensation, performance appraisals, staff development, training, etc.
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm’s reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Managerial experience, and/or direct experience with regulators
Strong quantitative skills, and extensive experience in managing deliverables
Subject Matter Expert in financial instruments, risk metrics and Market Risk Management
Expert analytical, technical and quantitative skills
Expert knowledge of treasury, market risk and liquidity management and knowledge of secured financing, securitization, and derivative products
Excellent written and verbal communication skills
Must be a self-starter, flexible, innovative and adaptive
Highly motivated, attention to detail, team oriented, organized
Highly developed presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging
Ability to interact and communicate effectively with senior leaders
Demonstrated ability to assess complex issues through root cause analysis and other analytical techniques; structure potential solutions; drive to resolution with senior stakeholders
Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businesses
Comfort navigating complex, highly-matrixed organizations
Excellent project management and organizational skills and capability to handle multiple projects at one time
Proficient in MS Office applications (Excel/VBA, Word, PowerPoint) and SQL
Programming/modeling experience
CFA or Financial Risk Management (FRM)
Bachelor’s/University degree, Master’s degree preferred and managerial experience
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Job Family Group:
Risk Management

Job Family:
Market Risk

Time Type:
Full time

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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