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The Treasury Risk Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.

Responsibilities:

• Responsible for risk reporting and analysis for Citi Treasury, working closely with the Treasury Portfolio Managers, Treasury Risk Managers, and Treasury Finance and O&T.

• Partners with members of Treasury, Risk Management, and Finance to establish reporting requirements, develop the tools, analysis and reporting necessary to proactively identify and manage risk with respect to portfolios and products, and continuously update the reporting process to reflect the current business structure.

• Supervises the team responsible for the reporting and analysis of interest rate and other market risks.

• Conducts daily, weekly, and or monthly reporting of Interest Rate Exposure, DV01, duration, convexity, VaR, and MTM. Monthly reporting requirements include computation of Economic Value Sensitivity, Economic Risk Capital, and numerous stress scenarios.

• Develops a high level of expertise in the various systems Treasury Risk uses to generate Risk information such as DP and Yield Book.

• Leads testing and implementing a new Treasury Risk Management system, including establishing data standards and controls as well as coordinating and performing ongoing projects and testing.

• Works with members of the various disciplines to identify ways to streamline and automate process flows in order to create more accurate and timely results, as well as improving efficiency.

• Responsible for handling day-to-day staff management issues, including resource management and allocation of work within the team/project.

• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 6-10 years relevant experience

• Spanish speaking

Education:

• Bachelor’s/University degree, Master’s degree preferred

Job Purpose:

• This position is part of Finance CRO team to cover Costa Rica and Dominican Republic legal entities. The role requires strong treasury risk management performed by Finance Risk (FinCRO) and will have close communication with the Treasury team.

• Finance Risk Management is responsible for providing effective and credible challenge to the Treasury organization for liquidity, interest rate risk management, investments, and capital. This position is a recognized technical authority in Finance Risk that requires communication skills to guide, influence and convince others, in particular colleagues in other areas and occasional external stakeholders. Focus will be on the management of robust treasury risk framework for the entities and meeting the needs of local regulators. Among other things, the role will be responsible for monitoring, reporting and escalating treasury risk to internal and external stakeholders.

• As part of Finance CRO management global team and Country Risk Management team, this person will help to ensure a sound and robust second line oversight, a consistent implementation of policies and procedures, and an optimization of the use of resources.

• Provide independent oversight related to liquidity risk and Non-Trading Market Risk following the roles and responsibilities described in the policies and procedures.

• Participate, when required, in the respective committees to provide the review and challenge required as well as the approvals.

• Provide independent oversight of issuer risk and balance sheet liquidity management (BSLM) . Monitor investment and issuer risk reporting and metrics to identify and escalate potential areas of concern.

• Work with Treasury to ensure that all relevant risk factors are properly identified and formally captured in official risk systems.

• Develop and maintain appropriate treasury risk limits frameworks with applicable limits and triggers.

• Oversee risk exposure measurement and limit monitoring processes to ensure integrity and independence of reporting.

• Assesses complex risk/return trade-offs associated with transactions and products.

• Reviewing and approving of risk framework, as well as monitoring compliance with risk limits/triggers

• Interaction with Other stakeholders (Market Risk, Credit Risk, Operational Risk) and relevant Finance and Reporting teams to improve accuracy of regulatory and management reporting.

• Establishing professional relationships with relevant regulatory bodies and represents Citi on critical regulatory matters as required. Serves as liaison with regulatory examiners, Internal Audit, and external auditors on critical Risk issues and oversees the implementation of related remediation.

• Act as a subject-matter expert, demonstrating technical expertise in products and associated risks, including review and challenge of standard assumptions for Liquidity and IRRBB metrics for local usage.

• Perform local specific risk management requirements under local regulation related to Markets, Liquidity and Non-Trading Market risk, in conjunction with local CRO team.

• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citi and its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervising the activity of others and create accountability with those who cannot maintain these standards Overseeing the design, development, delivery and maintenance of best in class Risk Management programs, policies and practices and sets strategic direction with focus on Liquidity Risk, Interest Rate Risk (IRRBB), Investments and Capital Risk to ensure adherence to Citi’s policies and regulatory requirements.

Qualifications & Experience:

• Degree in Business Administration, Finance, Economics or Engineer

• Postgraduate degree in a quantitative or financial discipline would be preferred.

• Minimum 5 years of experience within risk management, treasury, or support functions with exposure to balance sheet, financial products, financial/risk analysis

• General understanding of treasury products

• Knowledge of IRRBB, liquidity models and regulatory framework will be an advantage.

• Prior work experience in the material entities and or regional markets

• Fluent in written and spoken Spanish and English

• Authority to command attention with Treasury and enforce risk decisions in a relevant manner but in a way, which also meets Citi’s risk related policies.

• Interaction with auditors / regulators and understanding of applicable best practice guidelines and regulations.

Skills & Competencies:

• Subject Matter Expert in asset-liability management, risk metrics and Risk Management

• Expert analytical, technical, and quantitative skills

• Expert knowledge of treasury, market risk, and liquidity management

• Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businesses.

• Articulate and effective communicator, both orally and in writing, with an energetic, charismatic, and approachable style. Candidates must have effective persuasion skills, the ability to work effectively at the highest levels of the organization and will display highly effective networking and influencing skill.

• Executive presence and a reputation for building effective relationships with stakeholders.

• Proficient in MS Office applications

• Project management skills

Job Family Group:

Risk Management

Job Family:

Treasury Risk

Time Type:

Full time

Primary Location:

Miami Florida United States

Primary Location Full Time Salary Range:

$117,440.00 - $176,160.00

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.

Anticipated Posting Close Date:

Sep 11, 2024

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