The Global Markets In-Business Risk (IBR) is a Front Office 1st Line of Defense team responsible for market risk across asset classes within Citi’s Global Markets division. The team aims to establish a holistic understanding of market risk and capital of the aggregated trading portfolio, as well as to optimize the business’s return on capital. Global Markets IBR covers all trading businesses globally such as Rates and Currencies, Global Spread Products, Commodities, and Global Equities.
This Director-level role will focus on the coverage of cross-asset portfolio risks arising from the firm's trading activities. The ideal candidate will have a background in fixed income trading and possess deep market knowledge and experience with pricing/valuation/risk frameworks.
Responsibilities:
Closely track the performance of products across Global Markets, understanding the drivers of market movements to form a forward-looking view on material, concentration, and emerging risks.
Proactively identify, quantify, and analyze ex-ante market risks within the Markets’ trading inventory, considering the broader market environment, emerging themes, and portfolio concentrations.
Communicate findings and discuss risk dynamics with the Head of IBR and senior trading business heads.
Perform market analysis to help design appropriate risk mitigating hedging strategy as needed.
Understand the firm’s risk appetite, limits, and our capital framework to allow effective optimization and allocation of risk.
Support the Head of IBR and Business Heads in analyzing their return on TCE (Tangible Common Equity) and stress loss capital/SCB (Stress Capital Buffer) and adherence to the firm's risk appetite framework.
Work collaboratively with independent risk teams (2nd Line of Defense) to size appropriate risk limits for the business and monitor risk utilization.
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Drive the development of advanced data analytics tools and comprehensive risk monitoring frameworks by partnering with Technology, Quants, and asset-class specific IBR teams to enhance first-line risk management efficiency.
Possesses the ability to translate complex risk, P&L and market data into actionable insights and develop sophisticated solutions for monitoring first-line Market Risk.
Provide thought leadership and mentorship to junior members of the team, fostering their professional development and ensuring the highest quality of analytical output.
Qualifications:
10+ years of experience in Fixed Income Trading, Structuring, or Quantitative Strategy, with a proven track record of risk-taking, pricing complex transactions, or portfolio management.
Must be highly self-motivated and inquisitive, with a strong interest in financial markets, and trading.
Strong relationship-building skills to bridge trading desks, second-line risk teams, quantitative groups, and technology partners.
Exceptional written and verbal communication skills, with a proven ability to engage, influence, and negotiate with senior stakeholders and internal partners.
Deep subject matter expertise in pricing/valuation frameworks, Greeks, and risk metrics (HVaR, Stress Testing), with the ability to translate quantitative metrics into actionable trading and capital insights.
Familiarity with at least one major asset class (e.g., EM Rates) and broad cross-asset class product and market knowledge.
Exceptional analytical, quantitative, and numerical competency with strong attention to detail and problem-solving skills.
Advanced programming skills in Python and SQL are preferred; should be enthusiastic AI adopter/champion.
Proven experience in leading or guiding junior analysts or team members.
Education:
Bachelor’s or Master’s degree, preferably in a quantitative field such as Finance, Quantitative Finance, Economics, Engineering, or Statistics.
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.
We 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.
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
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.
View Citi’s EEO Policy Statement and the Know Your Rights poster.
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