Risk - LTA (Low Touch Algorithmic Trading) Market Risk Manager - VP

Lambeth, UK
Closing date
29 Sep 2020

View more

Contract Type
You need to sign in or create an account to save a job.
Job Purpose:This role will form part of the Trading Book Market Risk team, supporting the respective asset classes with the second-line oversight of high frequency, low touch algorithmic (LTA) trading activities across all firm activities which is currently concentrated in London, New York and Asia.Job Background / Context:This role will report into the Head of EMEA Market Risk Management, and is a critical part of the ICG franchise given the significance of the legal entities covered, most notably CGML, CBNA, CGMHKH and CGMI.The key aspects for the LTA role will be to independently assess and understand the current usage of the LTA activities within the respective asset classes, understand the existing business growth in LTA and âelectrificationâ and to ensure the second-line collectively design and maintain a risk management and control framework that incorporates market risk management. The role will be required to understand the distribution channels where LTA is deployed and the technology used to support them and subsequently develop and maintain a risk framework including overseeing adherence to Risk appetite, change management of LTA practices and second-line oversight of limit frameworks and relevant stress analysis.Key Responsibilities:The LTA officer will be accountable for:Identification and categorisation of the risks associated with all Algoâs booked on respective legal vehicles.In coordination with Markets Security Services (MSS) and other Risk functions, enhance the existing framework and validate the ongoing market risk management framework development.Review potential market impact and ârun-awayâ risk.Understanding the universe inventory of LTA activities and engage in control processes such as NPAC where new Algos are being used; reviewing intraday Algoâs exposure to identify and control ârun-awayâ risk.Challenge business risk appetite and co-ordinate a limit structure used to monitor LTA activityEnsure the combination of technology and financial modelling is adequately overseen and challenged including the independent review of Algo strategies and the changes to trading assumptions within Algos.Be actively engaged in the operational and appropriate resilience of stress testingReviewing, challenging and approving the use of Algoâs.Proactive engagement with all governance forums.Partnering the other second line of defence colleagues in existing LTA processes and future initiativesDevelopment Value:This role will provide unique visibility, cross-functional and cross-Risk experience and knowledge. The position involves a significant amount of interaction with senior management and direct involvement in a variety of the critical strategic projects within Citi. The role will provide a strong understanding of the regulatory environment, the respective businesses and Risk governance. Opportunities also exist to broaden the breadth of cross firm experience across the products and functions in a general senior management leadership role.Knowledge/Experience: Knowledge of Citiâs markets businessesAn understanding the market micro structure and markets operating environment.Familiarity with algorithms and e-trading, in particular FX and Equities.An understanding of the current electronic trading regulatory framework in particular MiFID IIPrevious experience as a trader or risk manager is preferred.Programming skills â Python or R preferred.Some exposure to AI, Machine Learning will be considered a significant plus in the selection of the successful candidate.Strong analytical skills with working knowledge of the principles of credit risk and/or market risk, capital markets and finance. Understanding of Citiâs business model and/or other financial institutions.Experience of legal entity riskSkills:Exceptional writing skills, with ability to synthesize complex concepts, translate into "user-friendly" language, and effectively present in text or slide formatStrong quantitative and spreadsheet skills, ability to analyse and interpret dateDiverse and wide range of skills and knowledge / expertiseStrong organisational skills and the ability to multi-task effectively in a high-volume and complex environment with changing prioritiesStrong quantitative skills, particularly around statistics and strong attention to detailQualifications:Graduate degreeCompetencies:Self-starter, ability to quickly assimilate and analyse large amounts of information across a variety of topicsProven ability to partner and collaborate across the Firm, excellent influencing, facilitation, and partnering skills, with the ability to build relationships, partner effectively and build a strong internal network across functions and throughout the global Risk network together with the matrix at all levels of the organisationâProcess Improvementâ mindset to increase the effectiveness and efficiency of the services offeredStrong tenacity and resilient under pressure and self-motivated in a fast paced and demanding environmentHighly engaged, strong attention to detail, and outcome orientedThe role demands a strong work ethic, willingness to âroll up sleevesâ, with a tireless work ethich.Strong analytical problem solving and the person should have a high level of integrity to deal with highly confidential data.This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.-------------------------------------------------Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - GB------------------------------------------------------Time Type :------------------------------------------------------Citi is an equal opportunity and affirmative action employer.Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.Citigroup Inc. and its subsidiaries ('Citiâ) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity CLICK HERE.To view the 'EEO is the Law' poster CLICK HERE. To view the EEO is the Law Supplement CLICK HERE.To view the EEO Policy Statement CLICK HERE.To view the Pay Transparency Posting CLICK HERE.
You need to sign in or create an account to save a job.

Get job alerts

Create a job alert and receive personalised job recommendations straight to your inbox.

Create alert