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Role and team summary:

Citi Markets Price Risk and Control (PRC) is looking for a Business Risk Officer to join our team managing and controlling the daily T0 Trader Flash P&L.

This is an exciting opportunity for a practically minded professional with excellent knowledge of trading desk revenue calculation, valuation methodologies, trade booking and lifecycle, and variance analysis vs Finance (Product Control) generated actual revenue results. The incumbent will be working closely with the wider PRC teams, Trading Desks, Business Management, Finance, Operations and Technology.

The incumbent will be a key member of a cross functional team delivering a complex major global regulatory committed enhancement program across all Citi Markets trading businesses, comprising over 500 trading desks in more than 60 countries, to efficiently deliver systemically accurate daily revenue results for all mark-to-market trading book activities. In this capacity they will work closely with business and trading desk representatives, technology teams and 2nd line functions including Finance.

This role is also a key member of a broader 1st Line Risk & Control function directly supporting Global Markets as one of the major businesses within the Citibank Group. The Global Markets Risk & Control team is mandated to establish and maintain a robust 1st Line of Defence designed to minimize risk within the business including leading critical control remediation projects to mitigate risk in Trading, Financial Crimes and Conduct while ensuring strong governance to measure, monitor, manage and escalate key risks.

Key Responsibilities:

• Maintain control of the daily process in the production of trader revenue estimates, including effective challenge of large P&L swings and variance to T+1 actual

• Production and analysis of trader revenue estimate metrics against key performance measures (KPMs), root cause analysis of trader estimates calculation inaccuracies and adjustments (with business management), investigation of trader estimates vs. actual revenue variances for assigned Markets trading business.

• Identify common revenue calculation deficiencies that may exist across all Global Markets businesses and work with relevant stakeholders to develop and build cross markets remedial solutions.

• Jointly with the wider T0 revenue program team, track the successful completion and on-time delivery of committed technology, infrastructure and process enhancements.

• Maintain revenue estimates infrastructure, including alignment of supervisors and traders to “flash” and “affirmation” units

• Presentation of above metrics to senior business management and at cross functional (business, technology, finance) business specific working groups together with articulation of recommended solutions.

• Provide ongoing specialist support to assigned businesses on revenue estimates reporting and governance expectations

Qualifications and Competencies:

• Strong experience ideally in 1st line control, P&L production, Middle Office, Product Control or Investment Operations required

• Equities or Rates product experience highly desired

• Experience in strategic design and project management implementation, delivering complex solutions

• Strong ability in interacting with and influencing senior business stakeholders

• Capable of prioritizing and multi-tasking in a dynamic environment

• Excellent oral and written communications skills; Must be articulate and persuasive.

• Strong financial, analytical, strategic planning and problem-solving skills

• Proficiency in Microsoft suite including Excel, PowerPoint, PowerBI, SharePoint and Visio.

• Bachelor’s degree, professional qualifications or equivalent experience

Job Family Group:

Risk Management

Job Family:

Business Risk & Control

Time Type:

Full time

Primary Location:

New York New York United States

Primary Location Full Time Salary Range:

$129,840.00 - $194,760.00

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:

Aug 21, 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.

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Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.