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Senior In‑Business Risk Structurer for Equity Derivatives – manage counterparty risk and lead portfolio analysis at Citi.
Lead risk analysis, collaborate with cross‑functional teams, and drive creative solutions for equity derivative products.
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Job Overview
Citi is looking for a senior in-business risk professional who will report into the Global Head of In-Business Risk (IBR) and have responsibility for counterparty risk management. In-Business Risk is a global team with product and risk expertise across the Equities franchise, and partners closely with many areas within the firm. This role will help shape how we drive business and take counterparty risk in Equity Derivatives. Over time there may be opportunity to contribute to Futures & Derivatives Clearing (FDC), Cash Equities, and/or FIPB. The candidate should have a deep working knowledge of institutional risk management techniques and broad expertise across relevant products, specifically in non-linear and exotic products (e.g. variance swaps, hybrid options, and complex options structures).
Key Responsibilities:
- Oversee client trading activity, set margin levels, and monitor active portfolios to ensure that risks are controlled and optimally sized
- Communicate risk view to senior management and represent IBR in senior forums with key stakeholders across the firm. Be able to articulate and defend a divergent view
- Perform trade and portfolio risk analysis incorporating scenario stress testing, sensitivity analysis, and assess margin adequacy
- Interface with clients to help Citi grow the platform and find win-win outcomes
- Formulate views around product risk appetite and be able to review and challenge business stakeholders asks
- Drive solutions that require creative thinking and collaborating with key partners in Structuring, Trading, Sales, and Risk
- Establish limit structures/controls and processes to ensure that clients operate within limits
- Review counterparty portfolio exposure and synthesize market conditions, client’s positioning, and trading desk feedback into a cohesive narrative in order to articulate key points to management and Credit Risk
- Work closely with Sales/Client Onboarding teams at inception to facilitate new client relationships
- Work with partners in Market Risk, Quant (MQA), and others and stress test developers to create and utilize models for accurate measurement of clients’ overnight or intraday exposure. This may encompass VaR, scenario stress testing, sensitivities, and liquidation costs
- Leverage internal AI tools to make self and team more efficient and productive.
Knowledge/Experience:
Extensive experience actively managing risk (1LoD) in an institutional setting
Expertise in Equity Derivatives products (vanilla and exotic OTC derivatives, QIS and hybrids).
Skills:
- 12+ years experience in a comparable role
- Exceptional analytical skills with strong attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modelling
- Ability to work collaboratively with cross-functional teams from Structuring, Sales, Trading, Credit Risk, Operations and Compliance
- Excellent written and verbal communication skills
- Keen ability to balance risk and reward to facilitate business growth while effectively managing risk
- Ability to challenge the status quo and re-engineer processes, looking for ways to do things more efficiently and effectively
- Scenario stress testing acumen and modelling skills desirable
- Programming skills desirable but not required in any of the following: Python, C++, Excel (VBA), SQL.
Education:
Bachelor’s degree or equivalent
Master’s degree or CFA/FRM desirable.
Job Family Group:
Institutional Trading
Job Family:
Structuring
Time Type:
Full time
Primary Location:
New York New York United States
Primary Location Full Time Salary Range:
$200,000.00 - $300,000.00
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 …
Most Relevant Skills
Please see the requirements listed above.
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
Anticipated Posting Close Date:
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. 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 . View Citi’s EEO Policy Statement and the Know Your Rights poster.