Job Description

Background

The New Activity Risk Management function provides unified governance and risk decision making for material changes to products, services, business operating models and capabilities that impact Citi\xe2\x80\x99s clients (collectively referred as to \xe2\x80\x9cnew activities\xe2\x80\x9d) and establishes the governing provisions for the review, approval and ongoing oversight of permitted products at Citi.

New Activity Risk Management is part of Citi\xe2\x80\x99s Enterprise Risk Management function, within the firm\xe2\x80\x99s second line of defense Independent Risk Management unit. New Activity Risk Management works closely with partners in the first and second line of defense, and enterprise support functions across Citi to provide robust due diligence, review, risk rating, risk decision approval of novel developments in the firm\xe2\x80\x99s business activities and ongoing monitoring of existing products and services, as part of the end-to-end governance over the product life cycle.

New Activity Risk Management operates as a global organization, and comprises of a team of new activity risk management specialists who are co-located close to business partners in the Americas, Europe, Middle East and Africa, and Asia Pacific regions and are responsible for the review, approval and ongoing oversight of new activities at Citi; plus teams with global responsibility for certain cross-cutting functions, such as change delivery, policy, technology infrastructure, reporting and data analytics, permitted product management and product taxonomy curation. Team members are based in New York, Fort Lauderdale, Getzville, Mexico City, London, Belfast, Dublin, Frankfurt, Singapore, Hong Kong, Tokyo and Mumbai

The new activities space is an area in which wide-ranging enhancements are taking place currently, within a broader program of change that was started in 2020 and is due to be completed in 2024.

\xe2\x80\x8bDescription

The New Activity Risk Manager is a member of the Permitted Product List (PPL) Management Team , which is part of the New Activity Risk Management function, and provides second line of defense oversight of the products and attributes each trading desk is permitted to trade.

The New Activity Risk Manager Product Risk Manager also supports transformation initiatives to further simplify and strengthen the existing PPL control framework.

Key Responsibilities

Provide second line of defense oversight and monitor compliance with the Permitted Product List (PPL) and Product Market Model (PMM) combinations.

Investigate potential PPL and PMM exceptions and determine the appropriate remediation actions working with relevant Front Line Unit managers, Independent Risk Management and enterprise support functions.

Manage the PPL and PMM permissions periodic review process.

Advice and provide on-going support to business managers and control function representatives in relation to Permitted Products and the control processes governing them.

Prepare ad-hoc analyses and reporting of PMM information and KPIs on a periodic basis.

Develop and deliver presentations on key transformation initiatives and key control performance metrics to Citi\'s senior management, external auditors and regulators.

Drive the successful and timely completion of projects/milestones to achieve business goals, which may include deriving efficiencies through simplification and streamlining of processes.

Development Value

The position provides a unique vantage point to gain product knowledge across different asset classes (fixed income, equities, securitized products) and risk types (credit, market, operational, model risk). The New Activity Risk Manager will have significant organizational exposure, including interaction with desk heads, business managers, and risk and control function subject matter experts. The position provides the opportunity to support firm-wide initiatives and play a key role in driving the transformation of strategically significant global control processes for Citi.

Qualifications

Bachelor\xe2\x80\x99s / University degree in Business / Finance or uantitative subjects (e.g., Econometrics, Mathematics, Science, or Engineering). Advanced degree in business, risk, financial engineering, finance or economics desirable;

Extensive exposure to derivatives products and familiarity with pricing models; and

CFA and / or other financial professional designations would be an advantage.

Knowledge / Experience

• Previous experience engaging with Global Financial Markets trading businesses in risk, quantitative analysis, finance, compliance or consulting.
• High level understanding of traded financial products and financial models used for pricing of securities.
• Experience of overseeing working the delivery of technology solutions and specifying user stories or requirements for business technology solutions.
• Excellent planning and task management skills; capable of juggling multiple and changing priorities as well as strong focus on day-to-day execution.
• Ability to quickly analyse and understand a problem, seeing the bigger picture, and propose and implement appropriate innovative and pragmatic solutions.
• Excellent written and verbal communication and presentation skills. Confident and credible in a meeting forum with senior management, with the ability to present information in a clear, articulate and concise manner to senior stakeholders.
• Ability to create sustainable processes and stay ahead in a constantly changing environment. Must be an agent for change, ensuring others understand current direction.
• Aptitude and energy to translate strategy into execution in a complex and cross-functional control framework.
• Individual should be controls-focused with strong attention to detail and the ability to take ownership and follow-up tasks to completion, but also team-oriented, flexible, with good interpersonal skills and ability to multi-task.
• Expert proficiency in MS Office applications (PowerPoint, Excel,) VBA experience is a plus
• Highly motivated, intellectually curious, results oriented and strong commitment to excellence

Job Family Group: Risk Management



Job Family: Underwriting & Distrib 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\xe2\x80\x9d) 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 .

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