Team:
The individual will work in Interest Rate Risk (IRR) team within Citi’s Corporate Treasury. The IRR team is responsible for measuring, analyzing and managing Interest Rate Risk in the Banking Book across the firm. IRR partners with businesses and functions across the firm to establish and implement a comprehensive Interest Rate Risk framework to enable the identification, measurement, and management of the IRR across Citi. Interest Rate Risk in the Banking Book exists in balance sheets across Citi and the IRR team covers the global Citi balance sheet. Team works with business treasuries to understand the IRR including – Repricing/Maturity Mismatch Risk, Curve Risk, Basis Risk and Optionality Risk in the Banking Book.
Individual:
The IRR Analyst has a strong understanding of how IRRBB management contributes to achieving the objectives of bank balance sheet optimization. Requires an understanding of strategic direction of the function within the relevant part of the business, combined with conceptual/practical grounding in both the function and/or area of expertise and related subject areas. Excellent communication skills required in order to negotiate internally. Accountable for end results and interaction with other functions or businesses with guidance from manager.
Responsibilities:
- Contributes to banking book interest rate risk analytics, reporting and management.
- Participates in enhancing Citi's IRRBB framework (policy, governance, models, methodologies, reporting, controls, processes, risk limits, analytics, data)
- Part of a team which actively manages the balance sheet by ensuring adherence to established targets in order to achieve liquidity, balance sheet and capital return metrics.
- Engages in the monitoring and reporting of interest rates.
Qualifications:
- 10+ years of experience within financial services
- Experience working in a bank IRRBB Treasury function (policy, governance, models, methodologies, reporting, controls, processes, risk limits, analytics, data)
- Expert in using VBA, Python, R, and/or SQL programming languages.
- Clear concise communication skills, both oral and written
- Excellent analytical and problem-solving ability
- Ability to multi-task and ability to work under pressure.
- Strong technology, data analysis and quantitative skills, with attention to detail
- Willingness to take ownership and execute on deliverables.
- Team player with an ability to work well with others in a fast-paced, high-energy environment.
Specialized Skills:
- Understanding of Interest Rate Risk in the Banking Book and Banking balance sheet products
- Experience in analyzing / modelling deposits
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Education:
- Bachelors degree, preferably Masters / PhD degree in Finance, Economics, or a quantitative discipline
Development Opportunities:
- Unique opportunity to gain exposure to entirety of Citi’s Interest Rate Risk Management strategy, process and regulatory reporting
- Become a subject matter expert in Interest Rate Risk in the Banking Book
- Develop a toolkit of quantitative and qualitative skillsets that would enable the individual to become an experienced Treasury professional.
- Visibility and exposure to senior management and thought leadership
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Job Family Group:
Finance------------------------------------------------------
Job Family:
Balance Sheet Management------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
New York New York United States------------------------------------------------------
Primary Location Full Time Salary Range:
$176,720.00 - $265,080.00
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:
Aug 01, 2024------------------------------------------------------
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