About the role

Aplyr's Quick Take

This role is focused on managing and overseeing non-trading market risks, particularly interest rate risks and Treasury investments, within Citigroup's finance operations. As a Vice President, you'll be part of the second line of defense, providing independent risk assessments and ensuring compliance with regulations. It's primarily an individual contributor role with a strategic oversight component.

Good fit

Ideal candidates have extensive experience in risk management, particularly in banking or finance, and a strong understanding of regulatory frameworks. You should be detail-oriented, analytical, and comfortable working independently while also collaborating with first-line units.

Worth noting

The salary range is quite broad, indicating potential for negotiation based on experience. The role's focus on independent oversight may appeal to those looking to influence risk management strategies without direct line management responsibilities.

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

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Job Family Group:

Risk Management

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Job Family:

Finance Risk

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Time Type:

Full time

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Primary Location Full Time Salary Range:

$111,600.00 - $161,600.00

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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.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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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.

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This job opening is for an existing job vacancy.

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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.

Aplyr's read

Citigroup is a global financial services leader offering diverse roles, attracting professionals in finance, technology, and operations seeking international exposure and advancement.
Synthesized from recent postings & public sources

What's promising

•Citigroup's global presence offers employees opportunities for international career advancement.
•The company invests heavily in technology, providing roles for tech-savvy professionals.
•Citigroup's diverse services allow for career growth across multiple financial sectors.

What to watch

•Citigroup has faced regulatory challenges impacting its operations and reputation.
•The company's size can lead to bureaucratic processes that slow decision-making.
•Citigroup's restructuring efforts may create uncertainty in job stability.

Why Citigroup

•Citigroup's extensive global network differentiates it from many competitors.
•The firm's commitment to innovation is evident in its technology-driven roles.
•Citigroup offers specialized roles requiring language skills, such as Japanese-speaking positions.

Aplyr’s read is generated by AI from public sources. Was it useful?

About Citigroup

Citigroup

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Citi, also known as Citigroup Inc., is a global financial services corporation that provides a wide range of financial products and services to consumers, corporations, governments, and institutions.