Non-trading Market Risk Officer - Vice President at Citi

Mississauga, Ontario, Canada -

Full Time

Start Date

Immediate

Expiry Date

03 Jul, 26

Salary

161600.0

Posted On

04 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Issue Management, Management Reporting, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Interest Rate Risk in the Banking Book, Treasury Investments, Market Risk Management, Stress Loss Limits, Regulatory Compliance

Industry

Financial Services

Description

Vice President, Non-Trading Market Risk The Chief Risk Officer for Finance (Finance CRO) organization provides risk management oversight of the Global Finance function, including effective risk challenge and mitigation of risk for capital, liquidity, interest rate risk and Treasury investments, and ensures compliance with all risk-related regulatory requirements. In addition, the team oversees the key risk management methodologies and calculations, including CECL and IFRS9 for credit reserves, and Basel Advanced RWA Non-Trading Market Risk Management group, as a part of the Finance CRO organization, is responsible for independent risk management of non-trading market risk, including interest rate risk in the banking book as well as market risk management of Treasury Investments. It identifies, measures, and monitors non-trading market risks and it provides independent review and challenge to the first-line activities. Vice President, Non-Trading Market Risk Management provides independent second line role in Non-Trading Market Risk including Interest Rate Risk in the Banking Book and market risk management of Treasury Investments. Participates in establishment of frameworks for evaluating the impact of adverse Non-Trading Market Risk events and circumstances on the Firm’s operations and financial condition. Utilizes thorough understanding of methodologies, relevant regulatory requirements, and governance control processes for independent risk management oversight of Non-Trading Market Risk activities. Provides contribution to development of target state strategy of the overall approach to Non-Trading Market Risk programs in alignment with the Enterprise Risk Management Framework. Responsibilities: Ensures second line independent market risk oversight of first line including Interest Rate Risk in the Banking Book (IRRBB) and market risk management of Treasury Investments. Reviews and challenges IRRBB risk identification activities performed by the first line units. Reviews the challenges IRRBB proposal on entity limits, assumptions, and models, as well as transfer pricing strategies Monitors periodically, understanding the drivers of significant movements in reported IRRBB exposures of pricing risk, curve risk and optionality Monitors Non-Trading Market Risk stress loss limits and reviews associated management actions. Coordinates the development of relevant Non-Trading Market Risk Frameworks, Policies and Procedures. Coordinates Non-Trading Market Risk review and challenge of New Activities proposals. Reviews risk management processes for conceptual soundness, fitness for purpose and potential limitations and weaknesses. Work with Canada Legal Entities and other NAM Legal Entities for IRRBB BAU projects Qualifications: 6-10 years relevant experience Education: Bachelor’s/University degree, Master’s degree preferred ------------------------------------------------------ Job Family Group: Risk Management ------------------------------------------------------ Job Family: Finance Risk ------------------------------------------------------ Time Type: Full time ------------------------------------------------------ Primary Location Full Time Salary Range: $111,600.00 - $161,600.00 ------------------------------------------------------ Most Relevant Skills Analytical Thinking, Credible Challenge, Financial Analysis, Governance, Issue Management, Management Reporting, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment. ------------------------------------------------------ Other Relevant Skills For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------ Automated Processing and AI We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi. Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details. ------------------------------------------------------ This job opening is for an existing job vacancy. ------------------------------------------------------ Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law. 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. View Citi’s EEO Policy Statement and the Know Your Rights poster.

Responsibilities

The role provides independent second-line oversight of non-trading market risk, including interest rate risk in the banking book and treasury investments. It involves reviewing and challenging risk identification, models, and limits while coordinating the development of risk frameworks and policies.