The Derivatives Credit Risk Technology Team is responsible for delivering Counterparty Credit Risk Management software solutions to Citi's Risk organization which manages Citi's exposure to financial institutions, governments and corporates that trade with Citi. The team builds and maintains software used to compute metrics that help mitigate Citi's exposure to counterparty default. These include computation of optimal Margin Allocation for Portfolios and Trades, Haircut for Security and Cash Collateral, Trade and Collateral Liquidity, Collateral Concentration Levels and Wrong Way Risk, amongst others.
Key Responsibilities:- Liaise with stakeholders across the Risk and Front Office Technology, Counterparty Risk Management, Finance and Front Office business organizations, and external Market Regulators to assemble business requirements for Counterparty Risk Technology projects.
- Manage expectations of various stakeholder groups and help negotiate solutions to complex problems.
- Project manage complex Counterparty Credit Risk projects end to end. Accurately record, maintain, and report Program/Project management tracking data such as milestones via Citi's internal project tracking systems.
- Help assemble/manage detailed documentation covering Counterparty Risk calculations and other processing, to be used to discuss technology implementation details with the Business users and Market Regulators in various countries/regions. Create flow diagrams, structure charts, and other types of system or process representations when appropriate.
- Facilitate and drive project meetings with both business and technology teams.
- Develop and review test scripts with business users as well as technology teams for System, User and Impact testing.
- Leverage AI tools to create, refine, and enhance documentation, integrating them effectively into daily workflows to improve quality, efficiency, and productivity.
- Understand, analyse, and explain counterparty mark-to-future exposures on Derivatives books to users. Investigate Potential Future Exposure/EPE/EAD/RWA and related calculations for internal risk management and BASEL regulatory capital reporting based on the exposure profiles generated by the systems.
- Ability to trace changes in day to day exposures to changes in markets, books and or legal agreements.
- Where feasible develop excel prototypes to demonstrate and analyse risk calculations.
Knowledge/Experience:- 7+ years related experience in Business Analysis and Project Management in Capital Markets domain.
- SDLC awareness including knowledge of quality issues in software development.
- Excellent understanding of the mechanics and life cycle of derivatives products, including Options, Futures, Forwards and Swaps. Knowledge of Securities Financing Transactions (SFT) products an advantage.
- Excellent understanding of Counterparty Credit Risk
- Potential Future Exposure, Margin (ISDA MNA and CSA), Collateral Haircut, Liquidity and Period of Risk, Settlement Risk.
- Understanding of Basel III/IV and any other relevant Risk Regulations and measures including PSE, RWA, EAD.
- Knowledge of Market Risk an advantage including Credit Value Adjustment (CVA).
- Extensive project management experience, including co-ordination across remote global teams.
- Where required supervise day-to-day staff management issues, work allocation but especially mentoring/coaching.
- Data Analysis capabilities (Database or Spreadsheet), with extensive experience using Excel required.
Competencies:- Excellent verbal and written English.
- Ability to collaborate effectively in a large global team.
- Ability to take ownership and proactively follow up on issues.
- Ability to work well under pressure, to agreed and often challenging deadlines.
- Strong organization skills.
Education:- Bachelor's degree/University degree or equivalent experience. Master's degree an advantage.
Job Family Group: Technology
Job Family:Business Analysis / Client Services
Time Type:Full time
Primary Location:Jersey City New Jersey United States
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.
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:Jul 28, 2026
Automated Processing and AIWe 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.
Illinois residents - AI Notice and Right
