Getzville, NY, 14068, USA
6 days ago
Counterparty Credit Risk Product Developer - AVP (Hybrid)
The CounterParty Credit Risk Product Development team within the Institutional Credit Management Group (ICM) is looking for a Product Developer within the Counterparty Credit Risk space to focus on delivery of the Wholesale Credit Risk & Consent Order target state defined by Citi. ICM is a critical component of Citi’s first line of defense for Wholesale and Counterparty Credit Risk Management and works in conjunction with 1st and 2nd line Business and Technology teams to design and develop tools across an integrated “end-to-end” target state in alignment with Citi’s current transformation initiative. The Product Developer is a professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the function and overall business. Evaluates moderately complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting situations using multiple sources of information. Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources. Strong communication and diplomacy skills are required. Regularly assumes informal/formal leadership role within teams. Involved in coaching and training of new recruits. Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization. Work and performance of all teams in the area are directly affected by the performance of the individual. **Responsibilities:** + The Product Developer is responsible for activities related to the development or new products and/or features and functionality of products including developing business cases, requirements definition (BRDs), product enhancements innovation, feature and functionality definition based on market and industry research and trends and client needs + This role manages the end-to-end product development lifecycle and internal applications and will also scope product releases, agreeing to and tracking business priorities, incorporating regulatory and compliance requirements and investment tracking + Creates a product vision aligned to business priorities and corresponding road-map to delivery + Follows market, industry and client trends to own field and adapts them for application Citi’s products and solutions platforms + Develops plans, prioritizes, coordinates design and delivery of products or features to product release, and serves as product champion within user community + Works in close co-ordination with Sales, Technology, Business Managers and senior stakeholders to fulfill the delivery objectives + Manages and implements a wide variety of products and solutions + Identifies solutions ranging across data analytics, reporting, CRM, Trade Workflows and trade processing + Has responsibility to deliver direct business results and advice regarding product development that necessitates a degree of responsibility over technical strategy + Partners with senior team members and leaders and a widely distributed global user community to define and implement solutions + Creates clear and specific project plans, business and technical requirements documents for product execution + Has direct interaction with business managers, technology, and sales to understand their long term vision, discuss industry trends, and incorporate them into the product & solutions strategy + Focuses on controls and governance, including performing Need-to-Know based security and access reviews, Access Approvals, controls testing and documentation + Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency. **Qualifications:** **3-5 years of relevant experience** **General understanding of 1st LoD Markets products and processes (i.e: Credit Risk, Market Risk, etc.) and 2nd LoD Operational processes and the interaction between the two.** **General understanding of key markets and risk decision-making metrics (i.e.: PFE, RWA, EAD, Settlement Risk, Replacement Cost Risk, Limit Monitoring, etc.)** **Extensive excel data analysis skills** **Direct experience in end-to-end project delivery, preferably in product development, and knowledge of various analytical/reporting tools including Tableau** **Ability to build networks and relationships internally and externally** **Comfortable with performing data investigations that require a high degree of trend and data analysis** **Attention to detail and business process/analytic mindset** **Ability to create business analysis, troubleshoot data quality issues, and conduct exploratory and descriptive analysis of business datasets** **Ability to structure and break down problems, develop solutions, and to drive to results** **Intellectual curiosity, analytical and conceptual thinker** **Proactively seeks and develops new opportunities** **Familiarity with product development methodologies** **of accuracy with tight timescales** **Process Management knowledge with a propensity for detail and comprehensiveness of content** **Ability to collaborate and clearly communicate with team members of an organization** **Project Management skills with experience leading large cross functional initiatives** **Generation of reports and presentations for management** **Education:** + Bachelor’s/University degree in Business Management or equivalent experience This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required. ------------------------------------------------------ **Job Family Group:** Product Management and Development ------------------------------------------------------ **Job Family:** Product Development ------------------------------------------------------ **Time Type:** Full time ------------------------------------------------------ **Primary Location:** Getzville New York United States ------------------------------------------------------ **Primary Location Full Time Salary Range:** $77,280.00 - $115,920.00 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. ------------------------------------------------------ **Anticipated Posting Close Date:** Dec 27, 2024 ------------------------------------------------------ Citi is an equal opportunity and affirmative action employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Citigroup Inc. and its subsidiaries ("Citi”) 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 review **Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** . View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) . View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) . View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf) Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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