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Citi is an American multinational investment bank and financial services corporation headquartered in New York City, NY.
(more about Citi)Quantitative Risk Manager
The Quantitative Risk Manager manages multiple teams through other managers. In-depth understanding of how each sub-function contributes to achieve the objectives of the function is required. Therefore, an ample experience in risk management or portfolio investment is required as well as a strong technical background. It´s relevant to distinguish between risk management trading skills and asset management trading skills. The first are desirable but the second are a must. So, pension funds, insurance companies or long-term investment strategies relevant expertise is required.
Excellent negotiation and communication skills are required internally with the investment, treasury, middle-office, back-office, IT teams and even the pension´s advisor force. Often involved in discussions with senior level and the board of directors. Some external communication/negotiation may be necessary with competitors, regulators, and vendors.
Accountable for specific risk management and whole company´s results, budgeting, planning, policy formulation and contribution to future strategy of the teams. Also, will be involved in main projects including systems implementations.
The role implies analyzing all the quantitative risks of the portfolio (market, credit, and liquidity risks). It has a dual mandate, contributing to the long-term strategy reflected in a Glidepath (long-term risk management) and its implementation and tracking.
Responsibilities:
- Responsible for management of market, liquidity, and credit risk across various portfolios.
- Identify, examine, and preserve major drivers of risk and returns, analyze trends, and explain changes.
- Analyze risk-return metrics and the risk appetite framework.
- Review scenario analysis to assess potential financial impact to Citi.
- Monitor financial markets and understand its implications to market risk exposure.
- Develop tools for on-going portfolio reviews and produce “deep dive” analysis for senior management.
- Produce presentations (regular and ad-hoc) for senior management and regulators.
- Monitor financial markets and understand its implications for the firm.
- Work collaboratively with Citi business/functional line management, risk and finance groups
- Represent Citi on critical regulatory matters as required. Serves as liaison with regulatory examiners, Internal Audit, and external auditors on critical Risk issues and oversees the implementation of related remediation.
- Manage a team or multiple teams of Risk professionals. Responsible for hiring, compensation, performance appraisals, staff development, training, etc.
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Qualifications:
- 15+ years relevant experience in investments or risk management within asset managers.
- Subject Matter Expert in financial instruments (including derivatives and securitizations), quantitative risk metrics, and portfolio construction with restrictions to risk appetite.
- Expert analytical, technical, and quantitative skills. Products.
- Excellent written and verbal communication skills. Must be a self-starter, flexible, innovative, and adaptive.
- Highly motivated, attention to detail, team oriented, and organized.
- Capability to articulate and solve complex problems. A high synthesis ability for different forums.
- Mentorship skills to develop teams is required.
- Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively.
- Excellent project management and organizational skills and capability to handle multiple projects at one time.
- Programming/modeling experience.
Education:
- Bachelor’s/University degree, master’s degree preferred and managerial experience.
- CFA or Financial Risk Management (FRM) desirable. Any self-study experience is desirable.
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group:
Risk Management-------------------------------------------------
Job Family:
Market Risk------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Citi is an equal opportunity and affirmative action employer.
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.
Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. 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.
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