Senior Market Risk Professional

The role is responsible for overseeing multiple teams through senior managers.

In-depth understanding of the team's function contribution to achieving the organization's objectives is required, along with a good comprehension of the industry and competitors' products and services to support commercial goals.

Thorough understanding of the strategic direction of the function within the business unit, combined with solid conceptual/practical knowledge of the function and related areas, is necessary.

Excellent communication skills are essential for negotiating internally at a senior level, and some external communication may be necessary.

Individuals are accountable for end results, planning, policy formulation, and strategic contributions to the area(s).

Impact reflects the size of the managed team, strategic influence on the business, and interaction with other functions or businesses.

Full management responsibility for multiple teams, including people management, budgeting, and planning, is involved. Duties include performance evaluation, compensation, hiring, disciplinary actions, terminations, and budget approval.

May be responsible for diverse (cross-discipline) activities.

Typically, a direct report to a senior leadership role and function as an integral member of the functional leadership team within a location or job family.

Responsible for measuring, monitoring, and analyzing the organization's market risk exposure on a daily and long-term basis for various financial products.

Market risk refers to potential losses due to market movements such as changes in interest rates, equity prices, credit spreads, and foreign exchange rates.

Individuals monitor trading limits and approve transactions above certain thresholds.

Collaborate with traders or trading management and recommend risk mitigation strategies.

Responsible for monitoring and analyzing the organization's risk exposure by understanding the risks and rewards of Citi's products.

Develop solutions to mitigate product-related risks.

• Manage market risk across various portfolios.
• Identify, monitor, and analyze specific portfolio risks.
• Examine major drivers of risk and returns, analyze trends, and explain changes.
• Analyze standard loss measures, risk return metrics, and risk appetite frameworks.
• Review scenario analysis to assess potential financial impact.
• Evaluate economic and regulatory risk capital concepts and major drivers.
• Participate in Value at Risk (VaR) methodology development and review VaR inputs/outputs and Profit and Loss (P&L) back testing.
• Consider limit exception requests, model validation requests, and permitted product submissions.
• Approve market risk for new model validations and existing model revalidations.
• Monitor financial markets and understand their implications for market risk exposure.
• Develop tools for ongoing portfolio reviews and produce in-depth analysis for senior management.
• Produce regular and ad-hoc presentations for senior management and regulators.
• Monitor financial markets and understand their implications for the firm.
• Review scenario analysis to assess potential financial impact.
• Evaluate economic and regulatory risk capital concepts and major drivers.
• Collaborate with Citi business/functional line management, risk, and finance groups.
• Represent Citi on critical regulatory matters as required. Serve as liaison with regulatory examiners, Internal Audit, and external auditors on critical Risk issues and oversee remediation implementation.
• Lead a team or multiple teams of Risk professionals. Responsible for hiring, compensation, performance appraisals, staff development, training, etc.
• Assess risk when making business decisions, 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. Effectively supervise the activity of others and create accountability for those who fail to maintain these standards.