Markets Data Execution SVP

Overview:

Markets Price Risk Data Execution team is looking for a Data Control Senior Vice President, leading the implementation of 1st Line of Defense (1LOD) data controls in Price Risk, SA-CCR, and FRTB (SA & CVA).

'Price Risk' includes all aspects of market risk management across First Line and Second Line functions and the initiative sets out to improve and enhance risk management controls and processes across Markets businesses and Citi Treasury Investments (CTI).

Role Context

This role is part of the Markets Price and Credit Risk & Control (PCRC) Execution team as a first line cross-asset risk and control function, which designs, operates and facilitates controls to manage the operational risk, valuation risk and governance components of managing quality of Price Risk, including data quality risk.

The team works closely with Global Markets Trading Businesses, In-Business Risk (IBR), Global Market Risk (GMR), and Finance in building 1st Line of Defense (1LOD) data controls, managing data risk, and implementing data quality issue management and governance with automated data analytics across processes and activities within Price Risk, Standardized Approach for calculating Counterparty Credit Risk under Basel regulations (SA-CCR) and Fundamental Review of the Trading Book (FRTB) Standardized Approach (SA) and Credit Valuation Adjustment (CVA).

The role requires knowledge of Price Risk processes across first and second line risk management, product control, and valuation control, as well as change skills to define, organize and co-ordinate a strategic program of work across businesses and regions.

The Price Risk Data program covers all asset classes in Markets and CTI. Successful execution will require collaborating with cross-functional stakeholders to define a best-in-class target state, with a robust control framework as well as a set of practical actions to achieve this.

Responsibilities:

• Design and implement daily controls to mitigate identified data risk, analyze data control metrics, escalate data quality issues in a timely and well-articulated manner, and lead issue remediation connecting to the Price Risk strategic data programs
• Oversee control daily performance and operating effectiveness, perform gap assessments or lesson learned analysis, identify and implement control enhancements as needed
• Drive standardized and consistent mechanisms to evidence controls and supervision, and ensure alignment with longer term infrastructure initiatives
• Understand the data quality issues aligned with that data set including end-to-end data flows and controls and ensure these are addressed in the defined target state solution with robust controls
• Support strategic data execution against the designed target state control framework for Price Risk, including business analysis, data analysis, practical testing and implementation
• Act as SME by providing strategic data risk advisory and support to the business and other stakeholders, guiding in decision-making processes
• Provide centralized support to the business on data related policy, procedures, and requirements
• Support regulatory and Internal Audit engagements, identify necessary corrective actions and facilitate remediation, ensuring timely response and delivery

Qualifications & skills:

• 10+ years of experience in relevant fields of Market Risk Management, Product Control or product valuation specialist with First Line and/or Second Line experience or in an associated consulting role
• Significant experience with designing and monitoring key controls in a trading environment
• Strong controls mindset, identifying and mitigating risks, communicating and escalating concerns
• Strong data storytelling skills by crafting compelling narratives using data and monitoring controls
• Excellent oral and written communications skills with the ability to interact effectively at all levels, develop strong partnerships across the organization, and present complex information clearly to senior stakeholders
• Robust analytical problem-solving abilities and a high level of integrity to deal with highly confidential data
• Experience dealing with regulators, Audit, Compliance, and other risk and control functions
• Must be proficient with Excel, use of Python, SQL, Tableau, and other digital tools is a plus
• Self-starting with proven ability to hit the ground running
• Ability to handle complexity, ambiguity and a fast changing, often demanding work environment
• Act as change catalyst by identifying and helping others see where new ideas could benefit the organization, proactively identifying opportunities to streamline work, and creating process improvements that enhance efficiency for self and the team.

Education:

Bachelor's/University degree or equivalent experience, Master degree a plus.

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Job Family Group:

Risk Management

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Job Family:

Enterprise Risk

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Business Acumen, Constructive Debate, Escalation Management, Issue Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Stakeholder Management.

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Other Relevant Skills

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

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