Citigroup, Inc

In-Business Risk Structurer for Equity Derivatives, Director

Citigroup, Inc • $200K — $300K *
New York, NY 10025In-Person
Finance & Insurance
11 - 15 years of experience
Reposted 4 days ago
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Job Overview by Ladders

Qualifications

  • 12+ years of relevant experience in institutional risk management
  • Deep knowledge of institutional risk management techniques
  • Expertise in Equity Derivatives, including vanilla and exotic OTC derivatives
  • Strong analytical skills with attention to detail
  • Outstanding communication skills for senior stakeholder engagement
  • Ability to work cross-functionally with various teams
  • Familiarity with scenario stress testing and quantitative modeling, programming skills preferred but not required

Responsibilities

  • Oversee client trading activities and manage risk exposure
  • Communicate risk perspectives to senior management
  • Conduct trade and portfolio risk analysis including stress testing
  • Engage with clients to enhance business relationships
  • Formulate risk appetite views and challenge business proposals
  • Drive innovative solutions in collaboration with key partners
  • Establish control limits for client operations
  • Synthesize market conditions and portfolio exposure for management discussions
  • Support new client onboarding in collaboration with Sales teams
  • Utilize internal AI tools for enhanced efficiency

Benefits

  • Medical, dental, and vision coverage
  • 401(k) retirement plan
  • Life, accident, and disability insurance
  • Wellness programs
  • Paid time off including vacation, sick leave, and holidays
Full Job Description
Citi is looking for a senior in-business risk professional who will report into the Global Head of In-Business Risk (IBR) and have responsibility for counterparty risk management. In-Business Risk is a global team with product and risk expertise across the Equities franchise, and partners closely with many areas within the firm. This role will help shape how we drive business and take counterparty risk in Equity Derivatives. Over time there may be opportunity to contribute to Futures & Derivatives Clearing (FDC), Cash Equities, and/or FIPB. The candidate should have a deep working knowledge of institutional risk management techniques and broad expertise across relevant products, specifically in non-linear and exotic products (e.g. variance swaps, hybrid options, and complex options structures).

Key Responsibilities:
  • Oversee client trading activity, set margin levels, and monitor active portfolios to ensure that risks are controlled and optimally sized
  • Communicate risk view to senior management and represent IBR in senior forums with key stakeholders across the firm. Be able to articulate and defend a divergent view
  • Perform trade and portfolio risk analysis incorporating scenario stress testing, sensitivity analysis, and assess margin adequacy
  • Interface with clients to help Citi grow the platform and find win-win outcomes
  • Formulate views around product risk appetite and be able to review and challenge business stakeholders asks
  • Drive solutions that require creative thinking and collaborating with key partners in Structuring, Trading, Sales, and Risk
  • Establish limit structures/controls and processes to ensure that clients operate within limits
  • Review counterparty portfolio exposure and synthesize market conditions, client's positioning, and trading desk feedback into a cohesive narrative in order to articulate key points to management and Credit Risk
  • Work closely with Sales/Client Onboarding teams at inception to facilitate new client relationships
  • Work with partners in Market Risk, Quant (MQA), and others and stress test developers to create and utilize models for accurate measurement of clients' overnight or intraday exposure. This may encompass VaR, scenario stress testing, sensitivities, and liquidation costs
  • Leverage internal AI tools to make self and team more efficient and productive.


Knowledge/Experience:
  • Extensive experience actively managing risk (1LoD) in an institutional setting
  • Expertise in Equity Derivatives products (vanilla and exotic OTC derivatives, QIS and hybrids).


Skills:
  • 12+ years experience in a comparable role
  • Exceptional analytical skills with strong attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modelling
  • Ability to work collaboratively with cross-functional teams from Structuring, Sales, Trading, Credit Risk, Operations and Compliance
  • Excellent written and verbal communication skills
  • Keen ability to balance risk and reward to facilitate business growth while effectively managing risk
  • Ability to challenge the status quo and re-engineer processes, looking for ways to do things more efficiently and effectively
  • Scenario stress testing acumen and modelling skills desirable
  • Programming skills desirable but not required in any of the following: Python, C++, Excel (VBA), SQL.


Education:
  • Bachelor's degree or equivalent
  • Master's degree or CFA/FRM desirable.


Job Family Group:
Institutional Trading

Job Family:
Structuring

Time Type:
Full time

Primary Location:
New York New York United States

Primary Location Full Time Salary Range:
$200,000.00 - $300,000.00

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:

About Citigroup, Inc

Citigroup is a financial services holding company that provides financial products and services. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. The ICG segment offers various banking, and financial products and services to corporate, institutional, public sector, and high-net-worth clients. This segment provides wholesale banking products and services, including fixed-income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed-income research, corporate lending, investment banking, and advisory services, private banking, cash management, trade finance, and securities services. Citi is committed to sustainability and social responsibility, and the company invests in initiatives that promote economic progress.

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Learn more about Citigroup, Inc
Market Cap
$1.3 billion
Industry
Finance & Insurance
Net Income
$89.6 million
Founded
1812
5 Year Trend
+4.6%
NASDAQ
C
* Ladders Estimates

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