About Citi:Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments, and accessing the capital markets on behalf of our clients. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. We are Citi, the global bank - an institution connecting millions of people across hundreds of countries and cities. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Principles represent the qualities, behaviors and expectations we all must exhibit to deliver on our mission of enabling growth and economic progress. They contribute to creating a culture that drives client excellence, controls excellence and operational excellence.Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.About the Group:Enterprise Risk Management (ERM) within Independent Risk Management is responsible for overseeing the implementation of the principles articulated in Citi's Enterprise Risk Management Framework and for specific enterprise-level risk management programs and processes that span the organization, the lines of defense and various risk categories. The group is led by the Head of ERM who reports directly to the Citigroup Chief Risk Officer (CRO).As part of ERM, the Risk Appetite & Limits team is responsible for designing and driving enhancements to strengthen the firm's approach to risk appetite and limits, including concentrations. The team's book of work is constructed to deliver a clearly articulated risk appetite that is connected to firm-wide processes, cascaded within firm and that is supported by metrics, limits and assessments that ensure a risk profile that is consistent with the firm's defined risk appetite. The team is led by the Head of Risk Appetite & Limits who reports to the Head of ERM.About the Role:The current opening is for a Senior Vice President on the Risk Appetite & Limits team, focused on the firm's approach to Enterprise Concentration Risk Management. The individual will be responsible for providing Subject Matter Expertise related to enterprise concentration risk identification, monitoring and control to First and Second Line of Defense.The objective of the role is to a) support and enhance the market/price risk related concentration s (e.g., trading, interest rate risk, counterparty credit risk), and b) provide ECRM oversight to identify, quantify and manage concentration risks that arise from Citi's broad business footprint, particularly concentration risks that cross businesses and risk types.Responsibilities:Work with relevant risk pools to enhance existing concentration risk framework to ensure effective concentration identification and management.Perform robust limit review and challenge as the ECRM Subject Matter ExpertiseDesign and develop appropriate metrics and process for multi-risk concentration and/or correlation risk management,e.g., firm wide concentration to commodity related exposures.Work with methodology owners and relevant stakeholders on the interpretations of outcomes from enterprise stress testing and perform concentration risk analytics to understand fundamental risk drivers and capture correlations between portfolios.Collaborate with team members to further enhance the connectivity of ECRM processes with day-to-day business, risk management and risk governance practices. This will include strengthening existing linkages or establishing new linkages to other practices at the firm, e.g., risk appetite, stress testing.Provide oversight to VPs in the team when required.Qualifications:Strong background in Financial Risk Management with 10+ years of hands-on experience in trading or market risk related areas.Proven portfolio management experience including limit setting and management, risk appetite, and good understanding of regulatory requirements for concentration risk.Broad understanding of different risk categories of Enterprise Risk Management (e.g., credit, market, operational, liquidity, counterparty, etc.). Familiarity with treasury risk and collateral price risk is a plus.Project management experience with proven ability to develop project plans to achieve milestones and deadlines.Adept at building relationships with key stakeholders and influencing and negotiating to drive changes. Demonstrated interpersonal, organizational, analytical and presentation skills to obtain support and buy-in across a wide range of audiences. Working knowledge of Tableau and Microsoft Office software proficiency. Strong written and verbal communication skills. Demonstrated work ethic and influencing skills.Education:Bachelor's degree in a financial discipline required.Master's degree or equivalent experience preferred.Development Value:The successful candidate will have the opportunity to be part of a significant transformation effort of one of Citi's foundational risk management programs, with active engagement across multiple business lines and regions. The candidate will have organizational exposure to senior management and subject matter experts across businesses and functions, including the Citigroup CRO and their leadership team.------------------------------------------------------Job Family Group:Risk Management------------------------------------------------------Job Family:Credit & Portfolio Risk Management------------------------------------------------------Time Type:Full time------------------------------------------------------Primary Location:New York New York United States------------------------------------------------------Primary Location Full Time Salary Range:$163,600.00 - $245,400.00In 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.------------------------------------------------------Anticipated Posting Close Date:May 06, 2024------------------------------------------------------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") 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 reviewAccessibility at Citi.View the "EEO is the Law" poster. View theEEO is the Law Supplement .View theEEO Policy Statement .View thePay Transparency Posting
