Citi Group In-Business Risk IBR Manager Futures & Derivatives Clearing 

United Kingdom, England, London 

723201900

This is a first line of defence role, managing risk and monitoring the platform exposure by evolving the risk framework and other risk governance items to ensure a proper control environment and strategic platform development.

What you will do will be varied day to day, but the key drivers for the role are:

• Analyse portfolio exposure, with a focus on counterparty and liquidity risk, to ensure the risks are being properly measured and controlled in accordance with the firm’s risk policies.

• Monitor client portfolios to ensure that risks are controlled, primarily market-driven counterparty risk and liquidity risk, but also documentation, legal and reputational.

• Perform regular risk reviews incorporating counterparty and liquidity risk measures, including scenario stress testing and sensitivity analysis, as well as adequacy of margin collected from clients.

• Formulate views around product risk appetite and be able to review and challenge business stakeholders’ risk “asks”.

• Build real-time risk and margin controls and processes to monitor automated client trading flows and establish limit structures/controls and processes to ensure that clients operate within limits.

• Help produce and maintain client risk reports for consumption by independent risk and senior product stakeholders.

• Work closely with Credit/Execution/Onboardings team to help facilitate limit approvals for existing and new clients on the platform, including proxy portfolio risk assessment as well as with partners in Market Risk, Credit Risk, and stress test developers to create and utilize models for accurate measurement of clients’ overnight or intraday exposure. This may encompass VaR, scenario stress testing, sensitivities, and liquidation costs.

• Prioritize risk management product development projects with partners in product development and IT.

• Communicate risk views to senior management and other key stakeholders across the firm.

What we will need from you:

• Due to the scope of this role, experience of successfully working with a global team of analytical and experienced decision-makers is key.

• Experience of front office risk management or experience in an associated risk function with a very strong product knowledge across the relevant platforms, asset types and client investment strategies a must.

• Strong analytical skills with a strong attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modelling.

• Ability to work collaboratively with cross-functional teams from Product, Sales, Trading, Credit Risk, Operations and Compliance but also challenge the status quo and re-engineer processes, looking for ways to do things more efficiently and effectively when applicable.

• Ability to balance risk and reward as we facilitate business growth while effectively managing risk.

• Strong programming skills highly desirable in any of the following: Python, C++, Excel (VBA), SQL

• Scenario stress testing acumen and instrument modelling skills are desirable.

What we will provide you:

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

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:

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