Job Description Summary : Credit Risk Technology Team is responsible for delivering Counterparty Credit Risk Management software solutions to Citi’s Risk organization and RWA integrity team for regulatory reporting which manages Citi’s exposure to financial institutions, governments and corporates that trade with Citi. The team builds and maintains software used to compute metrics that help mitigate Citi’s exposure to counterparty default. These include computation of Collateral Allocation for Portfolios, Haircut for Security and Cash Collateral, Collateral Concentration Levels and Wrong Way Risk, Pre-settlement exposure, Exposure At Default, Risk weighted assets amongst others.
Key Responsibilities:- Liaise with stakeholders across the Risk and Front Office Technology, Counterparty Risk Management, Finance and Front Office business organizations to assemble business requirements for Counterparty Risk Technology projects.
- Manage expectations of various stakeholder groups and help negotiate solutions to complex problems.
- Project manage complex Counterparty Credit Risk projects end to end. Accurately record, maintain, and report Program/Project management tracking data such as milestones via Citi’s internal project tracking systems.
- Help assemble/manage detailed documentation covering Counterparty Risk calculations and other processing, to be used to discuss technology implementation details with the Business users and Market Regulators in various countries/regions. Create flow diagrams, structure charts, and other types of system or process representations when appropriate.
- Facilitate and drive project meetings with both business and technology teams.
- Develop and review test scripts with business users as well as technology teams for System, User and Impact testing.
- Understand, analyze, and explain counterparty exposures on SFTs books to users. Investigate PSE/EAD/RWA and related calculations for internal risk management and BASEL3/BASEL4 regulatory capital reporting based on the exposure profiles generated by the systems.
- Ability to trace changes in day to day exposures to changes in markets, books and or legal agreements.
- Where feasible develop excel prototypes to demonstrate and analyze risk calculations.
Knowledge/Experience:- Experienced in Business Analysis and SDLC. Project Management experience a key advantage.
- 12+ years experience in the Capital Markets domain.
- Understanding of the mechanics and life cycle of Securities Financing Transactions (SFT), Loans and derivatives products, including Options, Futures, Forwards and Swaps is an advantage.
- Experience working with global teams across time zones.
- Proficiency in MS Office (Word, Excel, Visio, PowerPoint)
- Data Analysis capabilities (Database or Spreadsheet), with extensive experience using Excel required.
Education:- Bachelor's degree/University degree or equivalent experience, Master's degree an advantage.
- Graduate in STEM (Science, Technology, Engineering and Mathematics) or Finance discipline.
- FRM/CFA or other Financial mathematics degree or certification is preferable.
Competencies:- Excellent verbal and written English.
- Ability to collaborate effectively in a large global team.
- Ability to take ownership and proactively follow up on issues.
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Job Family Group:
Technology
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Job Family:
Business Analysis / Client Services
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Time Type:
Full time
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