The Spread Products In-Business Risk (IBR) is a front office 1st line of defense team responsible for in-business market risk and capital management across all of Spread Products (SP). SP is a trading and financing business across all corporate credit, mortgage, and other securitized product asset classes. SP IBR is seeking an exceptionally motivated individual to support the desk’s mission as it continues to grow in scope and size, with 3-5 years of experience in Mortgage Backed Securities/Asset Backed Securities.
Responsibilities:
- Work closely with SP trading desks and Independent Risk to identify, monitor and manage market risk and capital, with focus on Mortgage Backed/Asset Backed products
- Identify key market risk within trading inventory with consideration of key market themes and environments through data analysis. Help design appropriate hedging strategy as needed.
- Closely track performances of products on a regular basis, understand the drivers of market movements across different asset classes, analyze notable trends to form relative value and forward-looking view of material, concentration, and emerging risks.
- Build front to back holistic understanding of risk and its implications on all attributions of capital, such as Stress losses, Value-at-Risk, etc. Support SP business heads to analyze their return on capital and risk appetite ratio.
- Work with partners in Independent Risk (2nd Line of Defense), Finance and Technology to manage regulatory capital related deliverables for SP
- Work with Quantitative Analytics, Technology teams and other stakeholders to enhance existing pricing and risk models, automate manual processes and improve existing risk and capital infrastructure
- Work closely with Independent Risk in sizing appropriate risk limits for the overall business and monitor risk limit utilizations across businesses
- Strengthen risk monitoring, control, and governance process within the business
Qualifications:
- 3-5 year of Market risk / trading analyst experience in Mortgage Backed/Asset Backed products, with good understanding of the products and their behavior in different market conditions
- Candidate should have good understanding of various models (stress, prepayment etc) and securitization structure, to be able to work with quant and risk teams on various issues/projects
- Some familiarity with both Basel 2.5 and FRTB rules
- Strong ability and interest to learn and understand new products
- Strong ability to manage, prioritize, and communicate with internal partners, highest level of professionalism and business acumen
- Very strong creative problem-solving skills, ability to understand complex ideas and projects, strong ability to identify, articulate issues and advocate solutions at both high and granular levels
- Ability to work in a dynamic environment under tight deadlines with changing priorities
- Fluency in MS Excel, VBA, and basic programming skills (e.g, python) is preferred.
- Strong attention to detail; self-motivated and inquisitive with an interest in financial markets
Education:
- Bachelor’s/University degree or equivalent experience, potentially Masters degree
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Job Family Group:
Risk Management
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Job Family:
Business Risk & Control
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Time Type:
Full time
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Primary Location:
New York New York United States
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Primary Location Full Time Salary Range:
$129,840.00 - $194,760.00
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.
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Anticipated Posting Close Date:
Oct 11, 2024
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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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