Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your risk management skills and join Citi’s Global FX Risk Management team.
By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
Team/Role Overview
The role will be a part of the Foreign Exchange Market Risk team within the Market Risk Management group who are responsible for oversight of the Global FX business. This role sits in our London office and focuses on the market risks associated with the Global FX Trading business.
The Global FX business is a significant business covering all standard FX products including options & exotic derivatives, model-based trading, as well as standard vanilla products.
What you will do
- Work with existing team members to be accountable for the identification and evaluation of market risks generated by the Global FX business (with a focus on the short-term interest rate trading business). Identification of ‘top risks and outlier stress events. Working on and performing ad-hoc scenarios.
- Leverage the experience and competences of the team members to achieve the team objectives. Provide guidance to team members and develop the talent of the team.
- Communication with trading desks.
- Candidate must be extremely comfortable discussing products and their risks and building analysis tools to analyse risk and market data, portfolio risks and individual trades.
- Working with others to ensure that the reported exposures are correct and cover the main drivers of risk and potential p/l, identification, and resolution of any data issues.
- Ensuring limits are properly set and monitored accurately. Contribute to the development or production of metrics used to satisfy regulatory requirements and stress testing processes.
- Periodic preparation of presentation materials for senior management or for internal discussions. Ability to speak as needed on market events.
- Review and validate assumptions in risk models used by underlying business unit(s) and analyse the impact of model changes.
- Work closely with Financial Control, Valuation Control, and the Model Risk groups within the organization to ensure that the proper controls are in place.
- Help with reviews of new business proposals including risk limits setting and monitoring and ensuring risks can be fully captured within the firm’s systems.
What we will need from you
- The successful candidate must be able to build effective relationships with front office and other groups as well as risk colleagues, challenge assumptions, be comfortable with quantitatively complex issues, willing to work at the detailed level and be a producer of high quality and insightful output.
- It is vital that the candidate has good technical knowledge of derivates. The candidate should be willing to further develop their knowledge of the business and of market risk approaches. Over time there may be scope to expand to cover other aspects of the business within Global FX.
- Proven, relevant experience in the FX and/or Rates markets with good knowledge of the markets, products, and risk.
- Good quantitative level of experience with derivative products pricing and risk.
- Experience with portfolio risk measurement techniques including VAR and stress testing.
- Strong relationship management and liaison with businesspeople of all levels while being willing and able to challenge as needed, particularly the front office.
- Dedication to information integrity and to producing high quality and insightful output required.
- Good presentation and communication skills both in writing and verbal.
- Bachelor level degree, Masters or PhD can be useful. Familiarity with financial or statistical modelling is beneficial.
- Strong experience and facility with Excel including VBA and add-in functions, ideally with experience of using financial pricing functions. Python and/or Business Intelligence experience not required, but useful.
What we can offer you
We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.
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 (annually reviewed), and enjoy a whole host of additional benefits such as:
- Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure.
- A discretional annual performance related bonus
- Private medical insurance packages to suit your personal circumstances.
- Employee Assistance Program
- Pension Plan
- Paid Parental Leave
- Exclusive discounts for employees, family, and friends
- Access to an array of learning and development resources
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energised to join us, motivated to stay, and empowered to thrive.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
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Job Family Group:
Risk Management
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Job Family:
Market Risk
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Time Type:
Full time
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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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