The BSM NTMR Manager exhibits in-depth understanding of bank balance sheet management and optimization, balancing financial resources among different competing priorities and how other Non-Trading Market Risk such as FXRBB, Commodity/Equity/CSRBB risk and OCI capital at risk and allocation of cash into debt investment securities contribute to achieving Corporate Treasury's balance sheet optimization objectives and Citi's strategic goals. Requires thorough understanding of strategic direction of the function within the relevant part of the business, combined with a solid 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, often at a senior level. Some external communication/negotiation may be necessary. The role is responsible for executing functional strategy in the designed area. Determines approach to implementing functional strategy. Impact reflects strategic influence on the business and interaction with other functions or businesses.
Responsibilities:
Contribute to BSM's management process by providing key analytical insights across BSM functions with a primary focus on asset allocation for debt investment securities, FXRBB/ Commodity/Equity/CSRBB risk. Provide leadership, market experience, and subject matter expertise for enhancing BSM's analytics and methodologies and establishing Citi's first-line NTMR management framework (Policy/Standard/Procedures, models, methodologies, reporting, controls, processes, analytics, data and documentation).
Align governance and management framework, procedures and controls for all legal entities that have OCI Risk, FX risk k, commodity risk, credit spread risk in the Banking Book. Liaise with businesses, legal entity treasury, CTI and Markets Treasury, and Controllers teams to ensure both an understanding and the ability to manage other non-trading market risks.
identify and remediate gaps in other non-trading market risk (excl IRBB) as required by Tier 1 regulations and help to remediate regulatory/audit self-identified issues concerning other non-trading market risks in the banking book and achieve target state framework. Interact with 2nd line FinCRO function, regulators, senior management and Non-Traded Market Risk governance committees.
Develop, manage, and retain talent with extensive leadership experience demonstrated through empowerment, situational awareness, increasing transparency and conflict resolution on large-scale programs and data transformation.
Qualifications:
10 - 15 years experience in Financial Services, Treasury, and bank global liquidity investment portfolio with 10+ years of managerial and market experience required
Deep subject matter expertise in debt investment securities and non-trading market risk such as FXRBB, commodity risk, private equity risk and CSRBB
Strong understanding of regulatory, compliance, risk management and financial management, and data governance concerns
Strong understanding of Bank ALM, Capital, and Liquidity considerations
Extensive experience in debt investment securities analytics, measurement, metrics and methodologies
Experience in stakeholder management to achieve a complex rollout across many functions, time zones, systems
Proven ability to lead and direct a diverse team in different time zones and locations
Demonstrated ability to collaboratively solution complex and dynamic processes
Proven ability to work under pressure in ambiguous environments
Demonstrated ability leading the development of management framework
Excellent oral and written communications skills; Previous experience interacting and working with Executive Leaders
Experience leading an organization through significant change covering strategy, operations, process, structure, culture and behavior, ranging from operational change management to business-wide transformation.
Demonstrates a sense of urgency, passion for results and personal accountability for achievement
Proficient with power point and Bloomberg and other fixed income analytical tools
Education:
Bachelor's degree in finance or other business related field of study required
Advanced degree a plus
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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:
$170,000.00 - $300,000.00
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:
Nov 08, 2024------------------------------------------------------
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