Portfolio Management & Analytics is the risk-management team within Front Office that oversees all risk-taking and trading activities globally for the Commodities business (Energy, Metals, Ags, etc). We analyse and opine on the risk associated with any new significant transaction and all risks aggregated at the portfolio level. Our aim is to 1) prevent significant losses and create a culture of no-surprise by assessing thoroughly all risk types and challenging trading desks' views, 2) enable risk-taking for new trade types and optimise risk allocation at the portfolio level (VaR, RWA, etc) and 3) create best-in-class risk reports and fully map P&L to risk. We produce highly visible and sought-after analysis and opinion for traders, trading heads and senior management of the Commodities business and the wider firm; our approach is data-driven as well as qualitative.
We are looking for someone to join us at a mid-senior level to focus on our metals activity (precious and base), based in London. This is an ideal role for someone looking to leverage their technical background to build a solid expertise in risk-management; alternatively someone with a strong risk background seeking direct exposure and ability to impact the commercial side of the business.
Assess the risk for new trade types (new underlying, new payout, unusual size, etc) by using existing tools or developing new analytics (backtesting, etc); determine parameters to stay within risk appetite and stress associated hedging strategy
Ensure trading performance is within agreed risk framework and take required action such as tweaking risk allocation, stopping traders out, etc.
Produce reports that properly reflect risk and performance; articulate drivers behind those risk and performance.
Create a strong rapport with traders by helping them understand risk and p&l in their books and at the same time by challenging their market views and positioning.
Communicate on emerging risk themes and escalate pressing matters with senior management.
Work with the In-Business Risk group which aggregates and reports risks and performance from a front-office perspective for the Global Head of Markets.
Degree in a quantitative or financial discipline
Previous experience in a quantitative or risk function
Knowledge and experience in Commodities markets (Metals, Power & Gas, Oil etc.) Knowledge of financial instruments and risk metrics
Quantitative skills including mathematics involved in risk estimation and modelling
Must be a self-starter, lateral thinker, flexible, innovative and adaptive
Excellent project management and organisational skills and capability to handle multiple projects at one time
Proficiency in programming languages such as Python etc is a plus
Financial soundness
??? This assessment will be carried out through extensive interviews, self-disclosures, permitted criminal record checks, reference checks, credit checks and other background checks. You also agree to Citi carrying out any additional screening required, including permitted criminal record checks, reference checks, credit checks and any other background checks.
Full time------------------------------------------------------
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.
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