Risk Controls/quality Assurance Lead jobs at Citi Group in United Kingdom, London

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

The role requires basic commercial awareness, need to have good understanding on CVA or counterparty credit risk, and it requires developed communication and diplomacy skills are required in order to guide, influence and convince others

What you’ll do:

• Implementing GMR target XVA dashboard in Tableau, in partner with XVA Risk reporting team
• Ensure the accuracy and timeliness of XVA management reporting
• Working with each trading desk to ensure that all relevant market risk factors are properly identified and formally captured in official risk systems
• Investigate XVA Data Quality issues impacting daily risk management, in partner with Asset class XVA risk managers, Risk reporting, Risk Control and IT partners
• Conduct detailed GMR FRTR SA CVA sensitivity UAT, actively follow up with investigation and issue remediation
• Actively participate the FRTB end-to-end process build up, ensure regulatory compliance.
• Support team lead to oversee risk exposure measurement and limit monitoring processes to ensure integrity and appropriate independence of reporting
• Challenge status quo and drive changes to be more efficient in review and challenge 1st line through Data analysis.
• Participate in the ongoing development, implementation and upgrade of risk systems including CRMR/VaR, CRMR/Issuer risk, LimitCentral/Volcker, LimitCentral/issuer risk

What we’ll need from you:

• Solid relevant experience
• Knowledge of financial instruments and risk metrics
• Good understanding in CVA modelling or Counterparty Credit Risk modelling
• Solid understanding on FRTB CVA requirement
• Detail oriented, comfortable working with large amount of data for detailed data analysis.
• Must be a self-starter, proactive, innovative and adaptive with can-do attitude
• Team player, Ability to work collaboratively and autonomously
• Excellent written and verbal communication and interpersonal skills
• Excellent project management skills and capability to handle multiple projects at one time
• Proficient in MS Office applications (Excel/VBA, Word, Power Point), SQL, Tableau, Python etc
• Bachelor’s/University degree in a quantitative or financial discipline, Master’s degree preferred

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well. By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
• A discretional annual performance related bonus
• Private medical insurance packages to suit your personal circumstances
• Employee Assistance Program
• Pension Plan
• Paid Parental Leave
• Special discounts for employees, family, and friends
• Access to an array of learning and development resources.

Other Relevant Skills

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

The role includes overseeing the obligations of the Senior Managers and Certification Regime (SMCR), which set standards of professional conduct for all individuals working in UK financial services, designed to enhance accountability and improve conduct within financial services firms and ensure that certain individuals in financial firms are competent and fit for their roles.

• A key role within the UK Cluster, this reports directly to the UK Cluster Head (MD) at Director level and will be part of the UK Cluster leadership team, with a mandate to manage the UK Controls teams, support the local business risk agenda, and drive execution to meet local governance and regulatory requirements and changes.
• The UK Cluster Director leads the identification of opportunities to enhance our regulatory and controls environment for key risks relevant to the cluster and provides subject matter expertise and support across the cluster to the business, as required.
• The role also has a matrix into the Global Head of Services C&RM Head and will be part of the Global C&RM leadership team and will work closely with key stakeholders and partners across Citi.
• Expertise in risk management, along with deep knowledge of UK regulation and financial products, the Certification Regime and the Conduct Rules is a must.

What you’ll do:

• Lead a team of UK-based based Controls professionals, including those dedicated to the SMCR, Governance and Conduct agendas, as well as related Risk and Regulation training.
• Act as key point of contact across the UK Franchise and support initiatives and agendas arising in the UK.
• Responsibility to monitor compliance with and any associated or secondary regulation across the UK.
• Identify enhancements to documentation, controls and / or processes in place to comply with local governance and risk requirements and associated regulation.
• Lead escalation for UK Cluster senior management in Citi in line with firmwide guidelines.
• Act as a key resource for UK Cluster to advise and support on the effective design and implementation of key controls and processes across relevant risk stripes.
• Co-ordinate and manage compliance monitoring routines or internal audits related to the cluster.
• Serve as a key contributor to relevant Franchise and Services forums.

What we’ll need from you:

Knowledge/ Experience:

• Significant expertise of Operational Risk Management and other regulatory related functions within Financial Services sector.
• Deep understanding of Operational Risk and related frameworks as they relate to the banking sector is required, as is a working knowledge of the UK Regulatory environment/regime which comprises the Senior Managers Regime, the Certification Regime and the Conduct Rules
• Proven record in monitoring compliance to regulation including controls and process mapping within the MCA construct.
• Excellent business acumen, and ability to quickly understand multiple areas within a function and across functions, and how they interact in order to achieve the objective of the processes.
• Education: Bachelor’s Degree is required.

Competencies:

• Ability to work effectively and drive results.
• Ability to interact and communicate effectively with Senior leaders, Cluster and Product managers and wider partner areas.
• Proven ability to direct and manage high performing teams.
• Strong track record of effectively assessing and managing competing priorities to deliver high quality and timely work.
• Comfortable navigating complex, highly matrixed organizations.
• Excellent written, verbal, and analytical skills.
• Excellent Microsoft Office skills and be an advanced user of MS PowerPoint, Excel, SharePoint, and Project.
• Planning and scheduling skills sufficient to be effective in prioritizing and meeting deadlines.
• Horizon scanning skills and the ability to adapt to new regulation in the pipeline and drive change in processes.

What we can offer you:

• The chance to be part of a flexible team that values its people, encourages ownership of work, wants to hear your ideas, values diversity and where you can feel confident that you can bring your whole self to work.
• The role is Cluster in nature and will entail developing relationships and working with senior stakeholders across multiple countries, products, and control functions in UK, Europe, MEA as well as Globally
• The opportunity to monitor Citi’s compliance with regulatory requirements across multiple financial products and countries in the UK.

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
• A discretional annual performance related bonus
• Private medical insurance packages to suit your personal circumstances
• Employee Assistance Program
• Pension Plan
• Paid Parental Leave
• Special discounts for employees, family, and friends
• Access to an array of learning and development resources

Time Type:

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

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• Accountability for effective Issue Resolution & Risk Mitigation by providing design and testing support to resolve MRAs/CAPs (Corrective Action Plans) and SIIs (Self-Identified Issues) across Institutional Credit Management (ICM)

• Support Portfolio Manager in Identification of opportunities to reduce anomalies and establish guidelines / best practices to drive operational consistency across Business Units. Improve Client experience by simplifying the implied support burdens currently borne by clients and coverage staff

• Identification of governance mechanisms / controls to prevent recurrence of issues

• Ensure on-time adoption and continued improvement of the Credit Risk Process Digitalization platforms in partnership with ICM Product Development, Technology, and end users across all LoBs

• Ensure timely completion of projects within the CPSO book of work.

• Support Portfolio Manager in Partnership and Continuous engagement with applicable regional and industry stakeholders in ICM, CB, CCB, Wealth and Risk for effective Issue resolution and Risk Mitigation

• Identify scope to leverage new age tools (AI/ML) to optimize processes across the ICM organization

• Ensure ongoing and timely feedback and coaching of and AVP, Associates and Senior Analysts to sustain a strong credit culture and an unwavering commitment to excellence in analysis and execution

• Actively participate in Learning, Development and Training opportunities including instructor led courses

• Support CPSE VoE Engagement, Belonging (DEI), and Leadership scores

• Travel (less than 10%)

:

• Demonstratable financial services experience, including 10-12 years in Banking or FI Industry

• Deep knowledge of Wholesale Credit Processes and Policies spanning the Credit Risk Value Chain

• Credit Officer (CO) or demonstrating the skills aligned with that designation

• Excellent and thorough knowledge of Credit risk systems

• Ability to synthetize complex information into clear, compelling presentations and well-structured analytical workbooks.

• High awareness and adherence to the control environment

• Strategic orientation to ensure the team continues to be positioned as a thoughtful and proactive partner in providing effective resolutions and best practices for Risk Mitigation across Business units

• Proven culture carrier. Highly effective interpersonal skills, with the ability to build relationships and exert influence with and without direct authority

• Strong organizational skills with ability and willingness to work under pressure and manages time and priorities effectively with little to no supervision

• Strong written and verbal communication skills, with the ability to communicate clearly and concisely to audiences of varying levels of seniority

• Advanced Microsoft Office (Word, Excel, and PowerPoint) skills

:

• BA/BSc in Finance or Accounting or higher degree in Business (MBA), or CFA, or any other related subject

Take the next step in your career, apply for this role at Citi today

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Time Type:

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

The Valuation Control Group (VCG) is a cornerstone of Citi Controllers. VCG is responsible for the independent valuation control of Citi’s traded inventory, as well as other areas where fair value principles need to be applied, such as PRA/ECB Prudent Valuation requirements. The group is organised into global product aligned teams and specialised functions such as Reporting, Valuation Methodology & International, and Design & Execution.

The key responsibilities of the group are to perform the independent price verification for traded inventory, calculate valuation adjustments, ensure appropriate valuation governance, and conduct new trade reviews.

The responsibilities of the team are to:

• Ensure Citi has the most appropriate and complete valuation control framework across all areas of price verification, valuation adjustments and wider valuation governance. This includes all aspects of overarching Policy, Standards, Procedures and Methodologies, covering both accounting and regulatory requirements.
• Lead the department in its US and International regulatory engagements and exams, as well as managing external and internal audits, and any remediation efforts.
• Ensure there is strong oversight of valuation controls across all International legal entities, along with the associated regulatory responsibilities, working in close partnership with local controllers and our wider legal entity stakeholders.

The individual will be responsible for delivering valuation projects to address regulatory findings from Citi’s regulators, responding to new and emerging valuation practices and contributing to VCG’s delivery of strategic group-wide transformation initiatives.

What you’ll do

Cross-Asset Methodology:

Developing cross-asset valuation methodologies/models and responding to new and emerging valuation practices.

Ensuring VCG’s compliance with critical firmwide policies, including model risk management policy and associated controls.

This individual must be able to understand how to implement strong and effective governance.

Flexibility & Adaptability:

The priorities of this individual will be set by Global Head of Valuation Policy, which may include regulatory obligations, so there will be crucial deadlines that will need to be achieved.

Adaptability to changing circumstances is critical, as the prioritisation of responsibilities will need to evolve with changing circumstances.

What we’ll need from you

• Experience in a valuation, risk or product control related discipline.
• Strong understanding of current global accounting and regulatory standards and developments pertaining to valuation of financial instruments.
• Bachelor’s degree/University degree or equivalent experience.
• Master’s Degree preferred.
• Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.

Drives Value for Clients

• Trusted partner, drive innovation
• Anticipates, demonstrates understanding of expectations and needs

Work as a Partner

• Works collaboratively across the organization
• Treats people with respect

Champions Progress

• Pushes for culture of high standards
• Assists in executing the vision set forth by Senior Management and is responsive to changes in environment

Lives Citi Values

• Sets the standards for the highest integrity in every decision
• Has the courage to always do what is right and the humility to learn from mistakes

Delivers Results

• Exercises independence of judgement and significant autonomy
• Sets high standards and achieves performance objectives
• Prioritizes and provides clear line of sight to most critical work

Product Technical Knowledge

• Strong understanding of industry valuation control practices for different products

Control Mind-set

• Demonstrates a strong leadership and focus on control. Ensuring integrity of reporting and independence of controls associated with a valuation control function

Strong Influencing and Presenting Skills

• Ability to communicate and deliver key messages to senior audience
• Consistently demonstrates clear and concise written communication

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
• A discretional annual performance related bonus
• Private medical insurance packages to suit your personal circumstances
• Employee Assistance Programme
• Pension Plan
• Paid Parental Leave
• Special discounts for employees, family, and friends
• Access to an array of learning and development resources

Time Type:

About Citi

Citi Futures & OTC Clearing Technology supports a rapidly growing business that uses technological innovation to maintain competitive advantage in a constantly evolving market. Working closely with the business, external vendors and internal technology teams, you would build-out and maintain our next generation OTC clearing platforms. You would manage complex projects that will involve everything from incorporating a new functionality within the existing ecosystem, to analyzing new requirements, documenting solutions, managing implementation and testing systems, ensuring that they are fit for purpose. You would regularly work with a range of high-profile stakeholders.

About the Role

You will be responsible for:

• Business Analysis, producing project artifacts (such as Business Requirement and Test Strategy documentation) and implementing the defined solution
• You would drive multiple projects simultaneously requiring the ability to multi-task

You will also be:

• Owning business/ functional requirements and change requests, documenting solution and managing end to end project delivery
• Understanding Business priorities and working as a liaison between Business and Development teams
• Maintaining Book of Work and facilitating prioritization discussions with key business stakeholders
• Managing relationship with Business and taking ownership for providing regular project updates to key business and technology stakeholders
• Communicating key project risks, defining mitigation strategies and managing resolution
• Developing test strategies, documenting test scenarios and coordinating User Acceptance Testing across front to back tech stack
• Developing Project Plans and UAT Run-books
• Working with development and support teams to resolve production issues and identify root cause

Essential Skills:

• OTC and Exchange Trades Derivatives product knowledge
• BA/PM experience in Clearing will be a bonus
• Good working knowledge of the Regulatory space around the product
• Excellent interpersonal skills to manage stakeholder expectations
• Demonstrated experience writing requirements
• A proven track record of business analysis experience
• A team player attitude
• A strong desire to learn
• Practical experience in analysis, design and project managing end to end delivery
• Strong analytical/problem solving skills
• Flexibility to work with a global team, across geographies and time zones
• Understanding of the SDLC
• Familiarity with Agile, Scrum or Waterfall methodology
• Capital markets experience, or an interest in becoming a subject matter expert within our business

Time Type:

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Counterparty Credit Risk Analytics is a group within Citi Financial Risk Technology, responsible for developing the applications used for derivatives credit risk and exposure calculations Firm-wide.

The Counterparty Credit Risk Developer is an intermediate level position responsible for participation in the development and advancement of the derivatives credit risk application.

Core objectives will include developing and maintaining the applications calculating Counterparty Credit Risk metrics. Additional objectives will include the contribution towards application execution analysis reports, monitoring and optimization of the application build and the enhancement of the end-to-end calculation test suite.

What you'll do

Responsibilities:

• Developing and maintaining the Counterparty Credit Risk applications, leveraging in-house Python and C++ model libraries.
• Supporting and improving CI/CD (build, testing and release management).
• Contributing to the codebase to optimize performance and consolidate the workflow across asset classes.
• Extending existing test suites, including unit, regression, and integration tests. Performance and memory profiling. Assisting in the execution of impact analysis testing runs.
• Working on documentation.
• Working with Front Office Quant and Technology teams to integrate model updates and technological enhancements into the application.
• Utilizing in-depth specialty knowledge of applications development to analyze complex problems/issues, provide evaluation of business process, system process, and industry standards, and make evaluative judgement.
• Serving as advisor or coach to new or lower-level analysts.
• Exercising independence of judgement and autonomy.
• Acting as SME to senior stakeholders and /or other team members.

What we'll need from you

• Demonstrative experience of programming in Python.
• Experience in systems analysis and programming of software applications.
• Familiarity of UNIX shell scripting (bash, ksh etc).
• Proficiency with version control software like Git.
• Experience in CI/CD pipeline technologies like Jenkins.
• Outstanding analytical and problem-solving skills.
• Thorough and detailed approach to accuracy is essential.
• Excellent verbal and written English.
• Ability to collaborate well working within a large team of developers.
• Ability to work under pressure and manage deadlines or unexpected changes in expectations or requirements.
• Ability to take ownership and proactively follow up on issues.
• Masters Degree or equivalent in Computer Science. Mathematics, Engineering or Physics

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure

• A discretional annual performance related bonus
• Private medical insurance packages to suit your personal circumstances
• Employee Assistance Program
• Pension Plan
• Paid Parental Leave
• Special discounts for employees, family, and friends
• Access to an array of learning and development resources

Time Type:

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

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 analysing the organisation’s risk exposure by understanding the risks and rewards of the Citi products. Structures solutions to mitigate risks of those products.

The Market Risk Officer - Digital Assets is a strategic professional who stays abreast of developments within the evolving field of Digital Assets (primarily Crypto Assets) and contributes to Market Risk Analysis and Management by considering their impact on a stand alone and portfolio basis. Recognized technical authority for the area within the team. Requires basic commercial awareness. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas. Responsible for measuring, monitoring and analysing the organisation’s market risk exposure on a day-to-day and long-term basis for all products that have Digital Asset market risk.

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 analysing the organisation’s risk exposure by understanding the risks and rewards of the Citi products. Structures solutions to mitigate risks of those products.
What you'll do

• Understanding and analysing risks, especially market risks, involved in the bank's digital asset / crypto asset products and projects

• Working with each trading desk to ensure that all relevant market risk factors are properly identified and formally captured in official risk systems

• Working with senior risk managers in Volcker compliance program

• Developing and maintaining an appropriate autonomous market risk limits framework with applicable limits and triggers

• Autonomously monitor business compliance with the firm’s market risk-related policies

• Oversee risk exposure measurement and limit monitoring processes to ensure integrity and appropriate independence of reporting

• Participate in the development of business-level stress testing that properly considers risk concentrations by single issuer, risk rating, sector/industry and geography; review results and assess appropriate follow-up actions

• Participate in the ongoing development, implementation and upgrade of risk systems including CRMR/VaR, CRMR/Issuer risk, LimitCentral/Volcker, LimitCentral/issuer risk

• Small tasks/projects which constitute direct integration with trading businesses and market in general, a fantastic learning opportunity for credit market and products

• Working with senior mentors on well-defined mid to long term projects that require technical skills and strategic planning, enabling development in analytical capacity and critical

• 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

What we need from you

• Demonstrated years of relevant experience

• Degree in a quantitative or financial discipline.

• Knowledge of financial instruments and risk metrics

• Quantitative skills including mathematics involved in risk estimation and modelling

• Excellent written and verbal communication skills

• Must be a self-starter, flexible, innovative and adaptive

• Ability to work collaboratively and with people at all levels of the organisation •Excellent written and verbal communication and interpersonal skills

• Ability to both work collaboratively and autonomously; ability to navigate a complex organisation

• Advanced analytical skills

• Excellent project management and organisational skills and capability to handle multiple projects at one time

• Proficient in MS Office applications (Excel/VBA, Word, Power Point) and SQL

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure

• A discretional annual performance related bonus

• Private medical insurance packages to suit your personal circumstances

• Employee Assistance Programme

• Pension Plan

• Paid Parental Leave

• Special discounts for employees, family, and friends

• Access to an array of learning and development resources

Time Type: