The Counterparty Credit Risk (CCR) Product Development team within Enterprise Data Office is responsible for building tools to:

• Provide in-depth quantitative or qualitative analysis to solve business problems and develop new, innovative solutions.
• Build tools to help measure, monitor and control counterparty risk for institutional clients.
• 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.

The Product Developer:

• Must be intellectually curious and financially literate to understand a broad array of Risk and Front Office existing processes and requirements.
• Can prioritize requirements and envision a technical roadmap to lead front-to-back-end delivery of solutions that strengthen and streamline the capabilities of stakeholders.
• Can structure and break down problems and coordinate and direct technology to develop solutions.
• Is a strategic professional who stays abreast of developments within own field and contributes to directional strategy.
• Is a recognized technical authority for an area within the business.
• Has commercial awareness and follows market, industry and client trends and adapts them for application to Citi’s platforms.
• Has strong communication and diplomacy skills, required to guide, influence and convince others, in particular colleagues in other areas and occasional external customers.
• Has strong analytical and problem-solving skills with attention to detail.
• Proactively seeks and develops new opportunities.

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 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.
• Lead strategic BAU and Regulatory projects for Counterparty Exposure Product Development.
• Develop and enhance tools for the measurement, monitoring and reporting of counterparty exposure including Factor Sensitivities (FS), Potential Future Exposure (PFE), Net Stressed Exposure (NSE), Collateral, MTM/MTME/OTE, Margin, Fails
• Work in close coordination with in-business risk managers, second line risk managers and risk senior stakeholders (e.g. XVA, CCAR, CCR, Climate, Sanctions).
• Works in close co-ordination with Technology, Business Managers and other stakeholders to fulfill the delivery objectives.
• 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:

• 6-10 years of experience in the financial industry and banking.
• Direct experience in end-to-end project delivery, preferably in product development, and knowledge of various analytical tools.
• Understanding of financial market products – Derivatives (Bilateral & Cleared), Securities Financial Transactions (SFTs), Margin lending and Financing.
• Knowledge of counterparty credit risk concepts, data, system integration, and processes.
• Understanding of counterparty exposure metrics – Potential Future Exposure, Stressed exposure, Settlement Exposure, Intraday exposure.
• Direct experience in end-to-end project delivery, preferably in product development, and knowledge of various analytical tools including: SQL, Python and Tableau.
• Excellent project management and business analysis skills.
• Ability to collaborate with cross-functional teams from Business, Risk, Technology and Compliance.
• Strong written and verbal communication skills with focus on stakeholder management.
• Ability to build networks and relationships internally and externally.
• Comfortable with performing data investigations that require a high degree of accuracy with tight timescales.
• Ability to create business analysis, troubleshoot data quality issues, and conduct exploratory and descriptive analysis of business datasets.
• Familiarity with product development methodologies and Process Management knowledge with a propensity for detail.

Education:

• Bachelor’s/Master’s degree in finance, technology, economics, or a related field preferred.
• CFA/FRM will be a plus but not necessary.

 

Secondary Location Salary Ranges:

Getzville, New York: 92,000.00 - 138,000.00

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:

Dec 18, 2024

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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.

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