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Citi, the world leading global bank, has approximately 200 million customer accounts and a presence in more than 160 countries and jurisdictions worldwide. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Citi enables clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.
The Derivatives Credit Risk Technology Team is responsible for delivering Counterparty Credit Risk Management software solutions to Citi’s Risk organization which manages Citi’s exposure to financial institutions, governments and corporates that trade with Citi. The team builds and maintains software used to compute metrics that help mitigate Citi’s exposure to counterparty default. These include computation of optimal Margin Allocation for Portfolios and Trades, Haircut for Security and Cash Collateral, Trade and Collateral Liquidity, Collateral Concentration Levels and Wrong Way Risk, amongst others.
This is a senior role to lead Derivatives data related Consent Order initiatives for Counterparty Credit Risk and Regulatory Capital programs.
Key Responsibilities:
Program manage Wholesale Credit Risk Technology initiatives tied to Citi’s commitments as part of the Consent Order.
Lead analysis of Derivatives data and calculation issues across front to back flows, interfacing with Tech and Business partners to drive solutions to complex problems.
Interface with MD/D level stakeholders across Markets, 1LoD and 2LoD in Counterparty Credit Risk, Institutional Clients Group and Technology teams to execute programs end to end.
Create and manage detailed program/project plans for the technology delivery of data and calculation solutions. Ensure accurate Program/Project management tracking data such as milestones are accurately recorded, maintained, and reported via Citi’s internal project tracking systems and in appropriate steering committees and working groups.
Help assemble and maintain detailed documentation covering Counterparty Risk data processing and calculations, to be used to discuss technology implementation details with the Business users and Regulators as necessary. Create flow diagrams, structure charts, and other types of system or process representations when appropriate.
Understand, analyse, and explain counterparty mark-to-future exposures on Derivatives books to users. Investigate Potential Future Exposure/EPE/EAD/RWA and related calculations for internal risk management and BASEL regulatory capital reporting based on the exposure profiles generated by the systems where necessary.
Qualifications:
Program management experience delivering complex high priority regulatory programs working with MD/D level stakeholders with a proven ability to build strong alliances
across functions.
Extensive experience in Credit or Market Risk management either with business or technology groups in large investment banks.
Excellent understanding of Credit or Market Risk mechanics for derivatives products.
• Understanding of Counterparty Credit Risk an advantage – Potential Future Exposure, Margin (ISDA MNA and CSA), Collateral Haircut, Liquidity and Period of Risk, Settlement Risk. Understanding of Basel III/IV and any other relevant Risk Regulations and measures including PSE,RWA, EAD.
Comprehensive experience with Agile and Waterfall SDLC methodologies.
Strong demonstrated leadership skills with extensive experience delivering complex programs with remote global teams.
Demonstrated ability to work under pressure juggling multiple complex streams of work in a fluid environment with changing priorities.
Exceptional oral and written communication skills.
Education:
Bachelor's degree/University degree or equivalent experience
Master's degree preferred
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Job Family Group:
Technology------------------------------------------------------
Job Family:
Business Analysis / Client Services------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
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Other Relevant Skills
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Citi London, England Office
33 Canada Square, London, United Kingdom, E14 5LB
