Getzville, NY, 14068, USA
90 days ago
Price Risk Data Controls Director
**Overview:** Markets Price Risk Data Execution team is looking for a Data Strategy Execution Lead, supporting the Price Risk Transformation program. ‘Price Risk’ includes all aspects of market risk management across First Line and Second Line functions and the initiative sets out to improve and enhance risk management controls and processes across Markets businesses. **Role Context** The role will be part of the Price Risk execution team as a first line cross-asset risk and control function, which designs, operates and facilitates controls to manage the operational risk, valuation risk and governance components of managing quality of Price Risk, including data quality risk. The team works closely with Global Markets Trading Businesses, In-Business Risk (IBR), Finance and 2LoD in building and managing 1LOD data controls and implementing data quality issue management and governance across processes and activities within Price Risk, SA-CCR and FRTB-SA and FRTB-SA CVA. The role will require knowledge of Price Risk processes across first and second line risk management and Product/Valuation control, as well as change skills to define, organize and co-ordinate a strategic program of work across businesses and regions. Successful execution will require collaborating with cross-functional stakeholders within Traders, Markets Risk and Control, Quants, Technology, Risk Management and Finance, while leading engagements with Internal Audit and regulators. The program covers all asset classes. It will involve collaboration with stakeholder groups to define a best in class target state, with a robust control framework as well as a set of practical actions to achieve this. **Development Opportunities:** + Ability to be recognized for impactful and critical delivery for Markets and Citi + Due to critical nature of the project, exposure to senior stakeholder groups + Chance to build an exceptional global network of professionals, trading desks, technology teams and 2nd line functions, including Finance and Risk + Long-term career path across geographies and business lines + Competitive compensation package and benefits + Flexible work arrangements **Responsibilities:** + Support the Head of Price Risk Data to define and deliver controls vision and data control framework for data inputs and outputs in the generation of valuations, market risk sensitivities, FRTB sensitivities and SACCR related calculations + Define a strategy to execute against the designed target-state control-framework for Price Risk, FRTB and SACCR including business analysis, data analysis, practical testing and implementation + Understand the data quality issues aligned with that data set including end to end data flows and controls and ensure these are addressed in the defined target state solution with robust controls + Lead or participate in working groups, workshops and stakeholders to understand data and business requirements, define project plans and manage timelines + Oversee a project management/SME team to design required actions to implement the target state and track completion of the actions in line with Citi change methodology + Work with Control and Internal Audit stakeholders to ensure credible challenge throughout the remediation process and validation of results in line with Citi’s Internal Audit requirements + Present on status of the program to senior stakeholders within Citi **Qualifications & skills:** + 10-15 years of experience in relevant fields of Market Risk Management or working closely with Risk, or in an associated consulting role – knowledge of Basel 3, FRTB, and Capital RWA + Excellent oral and written communications skills; must be articulate and persuasive with the judgement and authority to provide insightful commentary to senior stakeholders. + Strong leadership with ability to construct credible proposals and influence senior stakeholders + Ability to drive change to business practices by working effectively across a global organization. + Ability to handle complexity, ambiguity and a fast changing, often demanding work environment + Self-starting with the ability to multitask and prioritize + Good knowledge and practical understanding of input data used to generate risk sensitivities (trade, market data, reference data), data governance and lineage + Experience in operationalizing strong risk and control processes + Experience in post-trade risk and valuation infrastructure + Ability to analyze large data sets and draw meaningful insight and recommend ways to improve quality, controls, and efficiency + Must be proficient with Excel - Use of Python, SQL, Digital tools would be a significant plus + Project management and change capabilities **Education:** + Bachelor’s/University degree or equivalent experience, potentially Master’s degree ------------------------------------------------------ **Job Family Group:** Risk Management ------------------------------------------------------ **Job Family:** Business Risk & Control ------------------------------------------------------ **Time Type:** Full time ------------------------------------------------------ **Primary Location:** Getzville New York United States ------------------------------------------------------ **Primary Location Full Time Salary Range:** $200,000.00 - $300,000.00 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:** Aug 21, 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. 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