Citi Group Business Risk Senior Analyst AVP Buffalo 

United States, New York 

15825826

Global Markets provides world-class solutions that are as diverse as the needs of the corporates, institutions, governments, and individual investors we serve. The breadth, depth, and strength of our underwriting, sales and trading, and distribution capabilities span asset classes and currencies, sectors and industries, covering a vast array of products.

The Volcker Rule Office (VRO) is a first line function which provides overall coordination and monitoring in support of Citi’s Volcker Compliance Program. Responsibilities include monitoring and maintenance of the central control framework as well as coordinating engagement with Citi’s lines of defense. The VRO works closely with the Businesses, Independent Risk Management, Compliance, Legal, Finance, and others. The team oversees operation of key processes and controls for the firm including the following areas: Desk structure, Desk mandates, trading / hedging strategies, products, limits, covered funds and metrics reporting to the Volcker Regulators. As a member of the Volcker Rule Office, you will deliver integrated solutions supporting Citi’s global Volcker Rule compliance program among other regulatory deliverables including but not limited to FRTB.

Responsibilities:

• Responsible for the successful delivery of projects and BAU activities in line with overall Credit and Price Risk Execution book of work on the Volcker Rule Program.
• Partner with key stakeholders to monitor changes in business activity. Assess any Volcker implications and support the business in ensuring Volcker compliance requirements are met on an ongoing basis. Key subject areas include but are not limited to Trading Desk Mandates, trading and hedging strategies and FRTB.
• Responsible for Volcker governance controls including: Ensuring the accuracy and completeness of Desk Mandate documents; Acting as a Volcker Rule SME and ensuring compliance with the relevant standards and procedures; Review of newly approved products to ensure they are appropriately scoped.
• Project manage and deliver key changes across a number of Trading Desks and Business Units, engaging functions including Independent Risk, Legal, Finance and Compliance.
• Partner with Technology teams supporting the Volcker and FRTB Programs including troubleshooting, enhanced controls andstreamlining/automationinitiatives.
• Identify, prioritize and proactively manage dependencies, risks, exceptions and issues.
• Represent the Volcker Rule Office in communications with internal control functions regarding Annual Volcker Independent Testing, Internal Audit reviews, and assist in external regulatory examinations of the VRO to demonstrate ongoing compliance with the Volcker Rule.

Qualifications:

• 5-8 years experience
• Experience with regulatory rules and ideally in delivering regulatory initiatives. Knowledge of the Volcker Rule and Basel / FRTB a plus.
• Project management background with experience of project management techniques in a Markets Front Office environment preferable.
• Knowledge of market risk, global markets trading products and services, e.g. Fixed Income, Equity, Currencies & Commodities and/or Securities Services i.e. Prime, Collateral, Clearing, Custody and Fund Services.
• Understanding of Front Office trading processes and trade lifecycle within a large bank/dealer.
• Experience in implementing business processes and associated business requirements documentation.
• Exposure to analyzing legislative and regulatory texts and associated legal analysis.

Skills and Competencies:

• Strong analytical and problem-solving skills, with high attention to detail.
• Organized, with the ability to manage multiple requests and prioritize accordingly.
• Strong interpersonal and organizational skills to mobilize and motivate delivery in a co-operative and collaborative working environment across trading and support functions.
• Excellent verbal and written communication skills.
• Fluency in MS Office suite
• Knowledge of internal Citi systems a plus.

• degree or equivalent experience

Anticipated Posting Close Date:

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