Citi Group Commodities Risk Manager Vice President 

United Kingdom, England, London 

514418174

1) prevent significant losses and create a culture of no-surprise by assessing thoroughly all risk types and challenging trading desks’ views

3) create best-in-class risk reports and fully map P&L to risk

We produce highly visible and sought-after analysis and opinion for traders, trading heads and senior management of the firm; our approach is data-driven as well as qualitative.

For FRTB (Fundamental Review of the Trading Book):

• Understand, support and drive the implementation of FRTB at Citi across asset classes, Commodities in particular, assuring collaboration and coherence in the implementation approach
• Support IBR team in identifying critical gaps, executing gap closure in line with regulatory commitments
• Support regulatory exams in relation to In-Business Risk and the implementation of FRTB at Citi
• Maintain focus on key deliverables and prioritizing pragmatic, effective and achievable implementations that align with key gaps and objectives
• Be organically involved in both driving the solutions needed to implement FRTB, providing detailed accurate status reporting as an inexpensive by-product of engaging in hands on execution

Thereafter:

• Assess the risk for new trade types (new underlying, new payout, unusual size, etc) by using existing tools or developing new analytics (backtesting, etc); determine parameters to stay within risk appetite and stress associated hedging strategy
• Ensure trading performance is within agreed risk framework and take required action such as tweaking risk allocation, stopping traders out, etc.
• Produce reports that properly reflect risk and performance; articulate drivers behind those risk and performance.
• Create a strong rapport with traders by helping them understand risk and p&l in their books and at the same time by challenging their market views and positioning.
• Communicate on emerging risk themes and escalate pressing matters with senior management.
• Work with Quants and Tech to keep improving the trading platform and analytics.
• Work with cross-asset colleagues to help aggregate and report commodities risks and performance with the wider firm.

• Experience in a quantitative or risk function required
• Knowledge and experience in Commodities markets (Metals, Power & Gas, Oil etc.) a must
• Knowledge of financial instruments and risk metrics
• Quantitative skills including mathematics involved in risk estimation and modelling
• Must be a self-starter, lateral thinker, flexible, innovative and adaptive
• Ability to work collaboratively at all levels of the organisation as well as ability to challenge status quo
• Excellent project management, organisational and communication skills. Capability to handle multiple projects at one time
• Proficiency in programming languages such as Python etc is a plus
• Degree in a quantitative or financial discipline or equivalent experience

This is a role that has a high growth potential as this will expose to obtaining a deep understanding of new capital rule (Basel 3.1) that twill define/affect optimal capital deployment by the business going forward and help develop a strong understanding of various products/markets and associated risks within Markets business and how they are identified, monitored and controlled.

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:

• 27 days annual leave (plus bank holidays)
• A discretional annual performance related bonus
• Private Medical Care & Life Insurance
• 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:

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