This role offers you the opportunity for a career move that will put you at the heart of a global financial institution, by applying your skills in change management, global multi-functional interaction coordination and communication, analysis and problem solving in internal market risk model governance.

By joining Citi, you will become part of a global organization whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview

The role sits in the Market Risk Policy & Model Governance team within Global Market Risk or GMR, Citi’s firmwide market risk management. The team focuses on the improvement / enhancement and implementation of frameworks for price risk management policy and for market risk model governance, in line with ‘Use Test’ requirements.

This role is focused on internal market risk model governance and is for a dynamic self-starter that is keen to become an integral part and to fully engage in the design, creation, maintenance and implementation of market risk model governance framework in collaboration with other stakeholders at Citi, including Model Risk Management, Market Risk Analytics etc. Project and change management skills are essential to underpin the organization and co-ordination in relevant change programs across businesses and regions, in which Citi operates.

What you’ll do

The purpose of the role is to establish, develop and manage a governance framework, that includes Working Groups for the review of market risk model performance and the review of model enhancements.

Responsibilities include supporting and management of multi-functional interaction for deliverables:

• With relevant Citi stakeholders like Model Risk Management, Market Risk Managers, Model developers etc., as well, as outside experts for the design of a target state market risk model governance, compliant with relevant Regulatory requirements and, in particular, ‘Use Test’ requirements. Main focus is governance and oversight for:
• model performance and coverage review, as well as
• changes to models or new models with potential relevance to Regulatory notification.
• With Control and Internal Audit stakeholders to support ensuring credible challenge throughout the remediation process and validation of results in line with Citi’s Internal Audit requirements.
• To collate and coordinate updates and notifications to Management and Senior Citi Risk forums.

What we’ll need from you

• Detailed internal risk model governance and regulatory management expertise gained in Market Risk Management, Model Risk Management or product valuation specialization or in regulatory market risk capital reporting, with First Line and/or Second Line experience or in an associated consulting role, risk model governance and quantitative risk exposure.
• In depth knowledge and understanding of relevant regulatory rulebooks, as they pertain to market risk, market risk models, e.g. current IMA rulebook and upcoming FRTB.
• Excellent oral and written communications skills; must be clear and articulate communicator.
• Ability to underpin change to business practices by working effectively across a global organization.
• Self-starting and able to multitask and to prioritize.
• Change and project management capabilities are essential.
• An academic background in a technical discipline will greatly facilitate the role’s effectiveness in interactions with First Line and Second Line technical experts & specialists.

What we can offer you

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

We’ll provide you with the resources to meet your unique needs, empower you to make healthy decisions, and allow you to choose which benefits suit you and your personal life best.

Visit our Global Benefits page to learn more.

Citi also champions diversity within our workforce, which helps us be well and live well together. We are a vocal supporter of LGBTQ rights.

We encourage and lead inclusivity through our Pride, Disability, Multicultural, Families Matter, and Women affinity networks that are run by and for, Citi colleagues; providing them with the support they need in their personal and professional journeys and supplying them with the tools to help educate colleagues on all things related to each network to help us work better together. 

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

About the Company:
Citi Private Bank