Market Risk Stress Testing Specialist, Vice President

at  Citigroup Inc

Market Risk Stress Testing Specialist, Vice President
Job Title: Market Risk Stress Testing Specialist, Vice President
Business: Risk Management
Division: Enterprise Risk Management ( ERM)
Officer title: Vice President
C-Grade: C13
Location: Frankfurt
Legal Entity: CGME
Posting until: 25/10/2024

TEAM/POSITION OVERVIEW

The successful candidate will join the ICAAP and Stress Testing in Frankfurt, part of the Enterprise Risk Analytics. The mandate of the team includes Economic Capital management and Stress Testing in the context of ICAAP and Regulatory Stress Tests within Cit’s European Broker Dealer, Citigroup Global Markets Europe (CGME).
The team’s support to the entity includes management and governance of economic capital and stress testing quantification, end-to-end delivery of ICAAP and regulatory stress tests, and hence has major exposure to senior management and across all businesses operating within CGME. The role will be in Frankfurt reporting into the Head of ICAAP and Stress Testing in CGME.
The candidate will have the unique opportunity to work in the fast-paced environment of a growing financial institution, contributing directly to capital adequacy initiatives that are critical to Citi’s regulatory compliance and risk management framework.

COMPETENCIES/SKILLS

• Experience in quantitative risk management with experience in Market or Treasury Risk.
• Strong communication skills and exceptionally good at stakeholder management at all levels.
• Excellent organizational and project management skills.
• Strong analytical skills & proven ability to solve problems independently.
• Excellent interpersonal skills necessary to deal with colleagues at all levels across the firm.
• Track record of success in delivering high quality work in a fast paced and dynamic environment.
• Direct interaction with regulators on model-related topics.
• Up-to-date working knowledge of regulatory requirements and change, specifically those from Basel and European regulatory authorities.
• Experience in financial model development or validation highly desirable.

QUALIFICATIONS

• Graduate degree in Economics, Finance, or another quantitative field (Mathematics, Physics, Computer Science, Econometrics, Statistics, etc.) is required. Master or higher degrees are advantageous, as is exceptional academic record (rewards, recognition, etc.)
• Other qualifications such as Financial Risk Manager (FRM), Chartered Financial Analysts (CFA), Certificate in Quantitative Finance (CQF), etc. are advantageous.
• Demonstrable interest in applying sophisticated mathematical/analytical techniques to solve real-world problems-especially in banking, finance, or risk management is advantageous.
• Fluency in speaking, reading, and writing English is required.

• Lead Market and Treasury Risk Stress Testing activities for the entity primarily covering ICAAP and EBA Stress Testing reporting to the Head of Stress Testing.
• Contribute to model development in the Market Risk space within the scope of economic capital and stress testing.
• Manage day-to-day activities supporting key strategic, multi-faceted projects to enhance end-to-end stress testing processes in regional contexts.
• Engage directly with senior stakeholders across Risk, Finance, Country Management, and Business Lines through frequent communication and senior briefing materials.
• Engage with internal and external audit, and regulators within the context of exams and regulatory exercises.
• The successful candidate will have the opportunity to work on a wide range of analytical and strategic topics relevant for senior management decision-making and regulatory management. They will interact confidently with quantitative analyst and risk management professionals across multiple risk stripes and geographies, and in doing so, gain an expansive view of the firm