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Head of Risk Analytics, CGME, Director

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Citi

26d ago

  • Job
    Full-time
    Expert Level
  • Frankfurt

AI generated summary

  • You need 10 years of experience in quantitative risk management, strong managerial skills, regulatory knowledge, and fluency in English and German, plus excellent analytical and communication abilities.
  • You will manage regulatory model compliance, oversee risk analytics teams, ensure ongoing model assessments, and engage in stakeholder management while driving strategic initiatives in risk governance.

Requirements

  • Management experience (either as a line or project manager)
  • Exposure to standard market products and models
  • Direct interaction with regulators on model-related topics
  • Up-to-date working knowledge of regulatory requirements and change, specifically those from Basel and European regulatory authorities
  • Market risk and/or counterparty credit risk (highly desirable) or other financial model development or validation
  • MaRisk implementation (desirable) or strong understanding of risk management principles
  • Strong communication skills and exceptionally good at stakeholder management at all levels
  • Excellent organizational and project management skills
  • Strong analytical skills & proven ability to solve problems independently
  • Excellent interpersonal skills necessary to deal with colleagues at all levels across the firm
  • Track record of success in delivering high quality work in a fast paced and dynamic environment
  • 10 years of work experience with a minimum of 5 years in quantitative risk management
  • Excellent academic background, including advanced degree (e.g. PhD) in quantitative discipline, such as economics, finance, statistics/mathematics, sciences or engineering
  • Fluent in English and German, written and spoken
  • At least one programming language (desirable)
  • Integrity, maturity, dependability, a positive professional attitude
  • Ambitious and hard working
  • Willing to learn
  • Be a team player and get along well with different personality types
  • Positive and pro-active attitude
  • Ability to manage multiple demands

Responsibilities

  • Acting as the key contact for the competent authority on Pillar 1 model related topics
  • Support for regulatory capital model approvals and set-up of related risk management processes for Citi's broker-dealer in Germany, including demonstration of appropriateness of models for the legal entity for both Pillar 1 and 2 models
  • Ensure compliance with regulatory regime applicable to Citi's broker-dealer in Germany, responsible for governance process (model control committees) around IMA and IMM model permissions granted by German authorities in respect of market and counterparty credit risk regulatory capital requirements, as well as oversight of related outsourced processes. Additionally, responsible for the governance process (model control committee) for models use in CGME's ICAAP
  • Involvement in analysis and interpretation of key regulatory requirements
  • Build-up of local expertise in independent risk models for market risk and counterparty credit risk
  • Lead and oversee CGME Risk Analytics Governance and Risk Analytics team in Frankfurt in line with Citi Leadership standards (for DART / Risk Analytics acting as matrix manager)
  • Oversight of regulatory/other models-related deliverables for Citi's broker-dealer in Germany, including remediation of findings and weaknesses found in internal (e.g., validation and internal audit reports for the new legal entity) and external examinations (e.g. examination reports of the German regulatory authorities)
  • Ensure adequate and appropriate ongoing performance assessments (OPA) are performed on risk models used by CGME, based on Citi infrastructure and tools, in line with local regulatory requirements, guidance, and expectations
  • Participation in model governance/other committees, at country, regional, and global levels, as required
  • Provision of ad-hoc model analyses to support local management
  • Acting as CGME outsourcing manager for Risk model development and maintenance, in line with local regulatory requirements, guidance, and expectations. This entails, amongst others, to maintain an up-to date outsourcing agreement and performing required outsourcing monitoring activities
  • Specific expectations for People Managers: The people manager is responsible for setting appropriate goals which align to the organisations objectives, managing the overall performance of their team members against their goals, managing capacity of the team, including short and long term absences, and ensuring the team has the required knowledge and skills through training and development (mandatory as well as ad-hoc or otherwise need based)
  • Building on your analytical and technical background, we expect you to lead projects and assignments of high complexity within Citi. This is a hands-on role, suited for an experienced professional who can combine deep technical expertise with a broader skillset of managing stakeholders and driving a strategic agenda
  • Appropriately assess risk when decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency
  • Understand the significant conduct risks specific to their product or function and individual role at CGME and comply with the roles and responsibilities defined by Citi's policies and subordinate policy documents on conduct risk management

FAQs

What is the primary purpose of the Head of Risk Analytics position?

The primary purpose of the Head of Risk Analytics position is to implement regulatory requirements relevant to risk models developed by the risk model development departments, manage regulatory interactions, and establish associated governance within CGME.

Where is this position located?

This position is located in Frankfurt, Germany.

What are the key responsibilities associated with this role?

Key responsibilities include acting as the main contact for regulatory authorities on model-related topics, ensuring compliance with regulatory requirements, leading the Risk Analytics Governance and Risk Analytics team, and managing ongoing performance assessments of risk models.

What experience is required for this role?

The role requires a minimum of 10 years of work experience, including at least 5 years in quantitative risk management, as well as management experience.

What educational background is preferred for this position?

A strong academic background, including an advanced degree (e.g., PhD) in a quantitative discipline such as economics, finance, mathematics, or engineering, is preferred.

Is knowledge of programming languages beneficial for this role?

Yes, having at least one programming language is desirable for this position.

What language skills are required for this position?

Fluency in both English and German, written and spoken, is required for this role.

What kind of team dynamics should the candidate expect?

The candidate should be prepared to be a team player, able to get along well with different personality types, and work collaboratively in a diverse environment.

How does the role contribute to personal development?

The role offers significant business and personal development opportunities, including interaction with senior management and regulators, and the chance to improve processes and practices.

What type of skills are crucial for success in this position?

Strong analytical skills, excellent communication abilities, and project management capabilities are crucial for success in this role. Additionally, stakeholder management skills at all levels are important.

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Citi

Finance
Industry
10,001+
Employees
1998
Founded Year

Mission & Purpose

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. Citi's operation is to provide financial services that enable growth and economic progress. Core activities are safeguarding assets, lending money, making payments and accessing the capital markets.

Benefits

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