Given heightened expectations from regulators and a goal to build a strong and consistent global control environment, Citi continues to enhance its business governance framework and has created the Enterprise Data group. Enterprise Data is a critical component of Citi’s first line of defense for wholesale and counterparty credit risk management and works with Independent Risk teams to ensure best-in-class risk and controls, as well as client responsiveness. Key responsibilities of the group include credit analysis, documentation, risk identification, exposure monitoring and stress testing. Enterprise Data coordinates with credit management groups across institutional client businesses to ensure full alignment on business and regulatory goals, as well as consistency and best practices.
The Counterparty Credit Risk (CCR) project execution team within Enterprise Data is responsible for building tools to:
- Provide in-depth quantitative or qualitative analysis to solve business problems and develop new, innovative solutions
- Build tools to help measure, monitor and control counterparty risk for institutional clients and
- Portfolios and businesses, with a focus on counter-party and collateral risk to ensure the risks are being properly measured and controlled in accordance with the Firm’s risk policies.
Responsibilities
As a Product Developer working in CCR project team, individual will be expected to
- Lead strategic BAU and Regulatory projects primarily impacting Counterparty Credit Risk exposure measures for traded product markets business
- Develop and enhance tools for the measurement, monitoring and reporting of counterparty exposure including Stress testing - Net Stressed Exposure (NSE), Potential Future Exposure (PFE), Settlement Risk, Intraday risk and participate in project management of strategic risk infrastructure development.
- Work in close coordination with Front office sales & trading, in-business risk managers, second line risk managers and risk senior stakeholders.
- Manage end-to-end project/product development lifecycle, build book of work, scope releases, track business priorities, define business requirements and UAT strategy incorporating regulatory and compliance requirements.
- Perform data analysis, document as-is and to-be state, requirement gathering, draft BRDs, UAT and Impact analysis.
- Work with all stakeholders to fulfil the delivery objectives for effective, accurate and timely risk management and reporting.
- Partners with senior team members and a widely distributed global user community to define and implement solutions.
- Help track and address CCR data and methodology issues, develop weekly metrics and remediation plans for system enhancements.
- Work with technology to understand infrastructure gaps, systems, and data flows. Identify and document gaps and suggest improvements for target state build-out.
- Communicate key findings and issues to senior management and provide regular status updates.
- Create presentations and documents for internal and regulatory use on various topics spanning deliverables in respective areas.
Qualifications
- 5+ years of experience in the financial industry and banking
- Direct experience in end-to-end project delivery, and knowledge of various analytical tools
- Understanding of financial market products – Derivatives (Bilateral & Cleared), Securities Financial Transactions (SFTs), Margin lending and Financing.
- Knowledge of counterparty credit risk concepts, data, system integration, and processes
- Understanding of counterparty exposure metrics – Net Stressed Exposure, Factor Sensitivities, Potential Future Exposure, Settlement Exposure, Intraday exposure
- Excellent project management and business analysis skills
- Strong written and verbal communication skills with focus on stakeholder management
- Strong analytical and problem-solving skills with attention to detail
- Ability to work well with cross-functional teams from Business, Risk, Technology and Compliance
- Ability to collaborate and clearly communicate with senior members of an organization.
- Ability to build networks and relationships internally and externally.
Education
- Bachelor’s/Master’s degree in finance, technology, economics, or a related field preferred
Job Family Group
Product Management and Development
Job Family
Product Development
Time Type
Full time
Primary Location
Tampa Florida United States
Primary Location Full Time Salary Range
$103,920.00 - $155,880.00
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.
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