Tampa Florida United States, USA
1 day ago
Business Analyst - CCR XVA - Vice President

Given heightened expectations from regulators and a goal to build a strong and consistent global control environment, Citi continues to enhance its business governance framework and has created the Enterprise Data group. Enterprise Data is a critical component of Citi’s first line of defense for wholesale and counterparty credit risk management and works with Independent Risk teams to ensure best-in-class risk and controls, as well as client responsiveness. Key responsibilities of the group include credit analysis, documentation, risk identification, exposure monitoring and stress testing. Enterprise Data coordinates with credit management groups across institutional client businesses to ensure full alignment on business and regulatory goals, as well as consistency and best practices.

The Counterparty Credit Risk (CCR) Product Development team within Enterprise Data is responsible for building tools to a) provide in-depth quantitative or qualitative analysis to solve business problems and develop new, innovative solutions b) build tools to help measure, monitor and control counterparty risk for institutional clients and c) portfolios and businesses, with a focus on counter-party and collateral risk to ensure the risks are being properly measured and controlled in accordance with the Firm’s risk policies.


Responsibilities:

As a business analyst for Credit Value Adjustment/XVA (CVA, DVA, FVA, FVL) workstream, the responsibilities will include working closely with business and risk managers to understand their priorities, building the book of work and defining business requirements for BAU and Regulatory projects, enhancements and production fixesPerform impact analysis and data analysis to understand the impact of requirements and system changes Manage all aspects of projects including remediation and escalation of issues and risks and provide status updates to managementMaintain and track issues impacting XVA coverage via full reval and credit fallback  Work with all stakeholders to fulfill the delivery objectives for effective, accurate and timely risk management and reportingPartners with senior team members and a widely distributed global user community to define and implement solutionsHelp track and address CCR data and methodology issues, develop weekly metrics and remediation plans for system enhancementsDevelop and enhance tools for the measurement, monitoring and reporting of counterparty exposure metrics associated with this workstreamWork with technology to understand infrastructure gaps, systems, and data flows. Identify and document gaps and suggest improvements for target state build-out.Communicate key findings and issues to senior management and provide regular status updatesCreate presentations and documents for internal and regulatory use on various topics including, stress methodologies, and summarizing XVA coverage issues

Qualifications:

5 to 7 years experience in the financial industry and bankingDirect experience in end-to-end project delivery, preferably in product development, and knowledge of various analytical toolsPrior experience with CCR Metrics and/or Market Risk data

Secondary Location Full Time Salary Range:

Irving, Texas: 114,720.00 - 172,080.00

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Job Family Group:

Product Management and Development

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Job Family:

Product Development

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Time Type:

Full time

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Primary Location:

Tampa Florida United States

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Primary Location Full Time Salary Range:

$103,920.00 - $155,880.00


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.

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Anticipated Posting Close Date:

Nov 22, 2024

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