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:
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