Risk - G10 Rates and FX - Risk Manager - VP

Recruiter
CitiGroup
Location
Lambeth, UK
Salary
Competitive
Posted
10 Sep 2019
Closes
22 Sep 2019
Ref
1236754483
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
Job Description - Risk - G10 Rates and FX - Risk Manager - VP (19036371)Job Description Risk - G10 Rates and FX - Risk Manager - VP-19036371Description OverviewThe G10 Rates and FX team within the Market Risk Management
group is responsible for the oversight of these businesses. This role is for a
Risk Manager, located in London to join an existing team focused on the market
risks associated with the EMEA Rates Trading business.The EMEA Rates Trading business is a significant business
providing interest rate market-making and solutions to customers as part of the
Global G10 Rates franchise.The successful candidate must be able to build effective
relationships with front office and other groups as well as risk colleagues,
challenge assumptions, be comfortable with quantitatively complex issues,
willing to work at the detailed level and be a producer of high quality and
insightful output. It is vital that the candidate should have and develop
further a very good technical knowledge of interest rate products as well as
market risk approaches. Over time there may be scope to expand to cover other
aspects of the EMEA business within Global Rates & FX.Main Activities Work with existing team members to be accountable for the identification and evaluation of market risks generated by the EMEA Linear Rates business. Identification of 'top risks' and outlier stress events. Working on and performing ad-hoc scenarios.Communication
with trading desks.Candidate
must be very comfortable discussing linear products (bonds, swaps, cross
currency swaps) and their risks and building spreadsheets to analyse risk and
market data, portfolio risks and individual trades.Working
with others to ensure that the reported exposures are correct and cover the
main drivers of risk and potential p/l; identification and resolution of any
data issues.Ensuring
limits are properly set and monitored accurately. Contribute to the development
or production of metrics used to satisfy regulatory requirements and stress
testing processes.Periodic
preparation of presentation materials for senior management or for internal
discussions. Ability to speak as needed on market events.Review
and validate assumptions in accrual risk models used by underlying business
unit(s) and analyse the impact of model changes.Work
closely with Financial Control, Price Verification and the Model Validation
groups within the organization to ensure that the proper controls are in place.Help
with reviews of new business proposals including risk limits setting and
monitoring and ensuring risks can be fully captured within the firm's systems.Qualifications Knowledge, skills and experience required: Solid
experience in the rates markets with good knowledge of the markets, products
and risk. Good quantitative level of experience with rate products and
their risks.Experience
with portfolio risk measurement techniques including VAR and stress testing.Strong
relationship management and liaison with business people of all levels.
But must be willing to challenge as needed, particularly front office.Must
be dedicated to information integrity and to producing high quality and
insightful output and hitting deadlines where applicable. Must be
prepared to go into as much detail as is required to resolve issues. Must
be capable of working very productively using time very efficiently.Good
presentation and communication skills.At
least Bachelor level degree, Masters or PhD can be useful.
Familiarity with financial or statistical modelling is beneficial.Strong
experience and facility with Excel including VBA and add-in functions, ideally
with experience of using financial pricing functions. Python and/or
Business Intelligence experience not required, but useful.Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.Valuing Diversity:Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success.Citi is an Equal Opportunities Employer Primary Location: EMEA-GBR-ENG-LondonJob Category: Risk ManagementSchedule: Full-timeEducation Level: Bachelor's DegreeShift: Day JobEmployee Status: RegularTravel: No

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