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Citi Group Commodities Risk Manager Vice President 
United Kingdom, England, London 
514418174

03.09.2024

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.

Key responsibilities:

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.

Knowledge, skills and experience required:

  • 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
Institutional Trading


Time Type:

Full time

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