In-Business Risk Structurer for Equity Derivatives, Director

About the Role

Citi is seeking a senior in-business risk professional who will report to the Global Head of In-Business Risk (IBR) and have responsibility for counterparty risk management. The In-Business Risk team is global, with product and risk expertise across the Equities franchise, and partners closely with many areas within the firm. This role will help shape how Citi drives business and takes counterparty risk in Equity Derivatives. Over time, there may be opportunities to contribute to Futures & Derivatives Clearing (FDC), Cash Equities, and/or FIPB.

Responsibilities

• Oversee client trading activity, set margin levels, and monitor active portfolios to ensure risks are controlled and optimally sized.
• Communicate risk views to senior management and represent IBR in senior forums with key stakeholders across the firm. Be able to articulate and defend a divergent view.
• Perform trade and portfolio risk analysis incorporating scenario stress testing, sensitivity analysis, and assess margin adequacy.
• Interface with clients to help Citi grow the platform and find win-win outcomes.
• Formulate views around product risk appetite and review and challenge business stakeholders' requests.
• Drive solutions that require creative thinking and collaboration with key partners in Structuring, Trading, Sales, and Risk.
• Establish limit structures/controls and processes to ensure clients operate within limits.
• Review counterparty portfolio exposure and synthesize market conditions, client positioning, and trading desk feedback into a cohesive narrative to articulate key points to management and Credit Risk.
• Work closely with Sales/Client Onboarding teams at inception to facilitate new client relationships.
• Collaborate with partners in Market Risk, Quant (MQA), and stress test developers to create and utilize models for accurate measurement of clients’ overnight or intraday exposure, encompassing VaR, scenario stress testing, sensitivities, and liquidation costs.
• Leverage internal AI tools to make yourself and the team more efficient and productive.

Requirements

• Extensive experience actively managing risk (1LoD) in an institutional setting.
• Expertise in Equity Derivatives products (vanilla and exotic OTC derivatives, QIS, and hybrids).
• 12+ years of experience in a comparable role.
• Exceptional analytical skills with strong attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modeling.
• Ability to work collaboratively with cross-functional teams from Structuring, Sales, Trading, Credit Risk, Operations, and Compliance.
• Excellent written and verbal communication skills.
• Keen ability to balance risk and reward to facilitate business growth while effectively managing risk.
• Ability to challenge the status quo and re-engineer processes for greater efficiency and effectiveness.
• Scenario stress testing acumen and modeling skills (desirable).
• Programming skills in Python, C++, Excel (VBA), or SQL (desirable but not required).

Qualifications

• Bachelor’s degree or equivalent.
• Master’s degree or CFA/FRM (desirable).

Benefits

• Competitive medical, dental, and vision coverage.
• 401(k) plan.
• Life, accident, and disability insurance.
• Wellness programs.
• Paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.
• Discretionary and formulaic incentive and retention awards for eligible employees.

Pay

Full-time salary range: $200,000.00 - $300,000.00.

Schedule

Full time.

Location

New York, New York, United States.