Job Purpose
- Individual will be responsible for supporting the counterparty and platform risk management of Citi’s cash and synthetic Prime Brokerage and Equity Delta One business lines:
- Solutions-oriented client engagement through-out the lifecycle of a client.
- First line of defense in risk managing credit risk and monitoring platform exposure.
- Generation of key risk analytics and development of new tools to support insights and emerging risk trends.
- Understanding market and credit risks within Prime products and effectively communicating to senior management and control functions.
- Evolving the risk framework and other risk governance items to ensure a proper control environment and strategic platform development.
- Support senior IBR team members in responses to Regulatory inquiries and periodic requests.
- Key in-business coverage for emerging counterparty risk events and crisis management.
Job Background / Context
- Global platform includes Prime Brokerage and Swap offerings across US and international broker dealer and bank chain entities.
- Client portfolios comprise of a broad range of asset classes and investment strategies. Typical product scope includes:
- Asset classes: equities (incl ETFs, custom baskets, OTC); fixed income corporates and converts; listed options.
- Strategies: Equity Long/Short; Quant; Multi-Strat; Event; Macro; Credit opportunity; etc.
- Hedge Fund and Real Money counterparties.
Key Responsibilities
- Daily management of client portfolio exposures and counterparty-related risk issues.
- Support of operational risk and platform trade processing associated with client counterparty risks.
- Participation in prospective client pitches and term negotiations, modeling commercial risk terms and constructing incentives to support strategic, risk-efficient returns growth through ongoing client dialogue.
- High level of engagement with Sales, Trading and other members of the business as it relates to client management and ongoing business initiatives.
- Thoughtful and complete analysis and communication of risk concerns both internally within the business and among control function partners.
- Identifying and escalating emerging risks – credit, market, operational or legal – to senior management and Global Prime Finance IBR Head. Continuously assessing and adapting to new products and market stress events and proactively proposing risk solutions.
- Facilitating new client trades and managing existing portfolio exposures to ensure that risks, primarily market-driven counterparty risk, but also documentation, legal and reputational risks are well-controlled.
- Work closely with Credit risk management on the onboarding of new clients, implementation of margin methodology, as well as maintaining ongoing dialogue and promptly escalating issues with existing clients.
- Develop strategic risk solutions, analytics and platform enhancements to help advance Citi’s competitive advantage.
- Maintain a positive culture within the NAM IBR team by cultivating a productive and collaborative work environment.
- Ensure full compliance with In-Business Risk Procedures manual and other Prime Finance policies.
Knowledge/Experience
- Front office risk management or experience in a secured financing role.
- Knowledge of relevant Prime financing platforms, asset types, market structure and client investment strategies.
- Experience with data infrastructure transformation, financial engineering and/or quantitative expertise in risk modeling/data analytics.
- Experience with risk decision-making authority carrying direct economic impact.
Skills
- Strong analytical skills, attention to detail, demonstrated aptitude for tackling analytical issues through quantitative modelling and assimilation of data into a working product
- Ability to work well with cross-functional teams from Product, Sales, Credit Risk, Technology, Operations, Legal and Compliance.
- Strong written and verbal communication skills.
- Ability to maintain a balance of risk and reward to facilitate business growth while effectively managing risk and taking decisive action.
- Programming language(s) and integrative use of LLM to build analytical efficiencies a plus.
Qualifications
- Bachelor’s University degree or equivalent required.
- Masters in Mathematics, Science or Finance/Economics or CFA designation preferred.
- 3+ years’ experience in financial services; direct experience in quantitative, analytical roles required.
Competencies
- Entrepreneurial.
- Inquisitive.
- Proactive and motivated.
- Strong analytical skills.
- Strong problem solving abilities.
- Excellent written and oral communication skills.
- Ability to work independently as well as in a team environment.
Job Family Group
Institutional Trading
Job Family
Structuring
Time Type
Primary Location
New York New York United States
Primary Location Full Time Salary Range
$150,000.00 - $175,000.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Most Relevant Skills
Please see the requirements listed above.
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
Anticipated Posting Close Date
Automated Processing and AI
We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.
Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.
Illinois residents – AI Notice and Right
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi. View Citi’s EEO Policy Statement and the Know Your Rights poster.