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Market Data Risk and Control

Citi

Citi

Market Data Risk and Control

New York, NY
Full Time
Paid
  • Responsibilities

    BACKGROUND

    This role provides and exciting opportunity for senior leadership, building out new Front Office capabilities and enhancing governance over Price Risk controls and monitoring. The scope of the role extends across ICG Markets globally with particular focus on enhancements to processes, controls, and governance of Valuation Risk. The role will involve senior level engagement with the business, Technology, Finance, Risk and internal auditors.

    Markets Risk and Controls establishes and maintains a robust 1st Line of Defense (1LoD) control environment to manage risks within risk appetite. Trading Risk & Control (TRC) within Markets Risk and Controls sets the standards for Front Office management of Price Risk and drives implementation of those standards.

    TRC provides governance of Price Risk, including horizontal oversight of the inherent and residual risks across ICG Markets for this risk type. To manage residual risk within appetite, the team defines and drives the implementation of standardized Price Risk controls and monitoring capabilities.

    JOB DESCRIPTION

    The role is responsible for governance and monitoring of key front office controls over market data inputs used for the valuation of financial instruments. Responsibilities include driving tactical as well as longer term target state enhancements to the control environment for market data. This requires business analysis as well as managing projects to deliver automated controls and monitoring. The scope of responsibilities extends across Markets businesses with particular focus on ensuring consistent application of standards, identifying issues, and evaluating residual risk.

    RESPONSIBILITIES

    • Monitor valuation risk controls of market data usage, analyzing control metrics and investigating operating effectiveness

    • Business analysis and management of projects to deliver control enhancements and automated capabilities

    • Design and implement enhancements to the governance and monitoring of market data controls

    • Facilitate and implement enhancements to the documentation of the control environment for market data

    • Provide centralized support to Trading, Business Managers and Sales on valuation related policies and requirements

    • Challenge current practices which are not fully aligned with the firm's standards, identify necessary corrective actions and facilitate resolution of identified inconsistencies

    • Drive standardized and consistent mechanisms to evidence controls and supervision, and ensure alignment with longer term infrastructure initiatives

    • Assess internal / external events, perform lessons learned analysis and implement enhancements as needed

    • Support regulatory and Internal Audit engagements and remediation, ensuring timely response and delivery

    QUALIFICATIONS

    • Robust understanding of typical data structures for market data utilized by derivative models

    • Significant experience with designing and monitoring key controls over valuations in a trading environment

    • Experience dealing with regulators, Audit, Compliance and other risk and control functions

    • Strong controls mindset, identifying and mitigating risks, communicating and escalating concerns

    • Effective people, project and change management skills

    • Ability to identify areas subject to heightened control risk and to design efficient approaches to mitigate the risk on a sustainable basis

    • Experience with generating creative solutions, differentiating and prioritizing realistic enhancements and driving change-related projects

    • Strong communication skills, with ability to influence senior stakeholders, adjust communication style for the target audience and to facilitate and lead governance forums

    • Ability to assess and critically challenge information and processes, delivering appropriate outcomes

    • Competence leading in dynamic, challenging environments while providing creative solutions

    Ability to collaborate across businesses, regions and support functions

    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.

    Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

  • Industry
    Financial Services
  • About Us

    Citi enables growth and progress for individuals, communities, institutions and governments around the world and has been doing so for more than 200 years. They recognize that their ability to best serve their clients and customers comes from the diverse and engaged employee base and they work tirelessly to deliver opportunities for growth and development to the most talented people. This is a place where the best come to get better.