Business Risk Structurer, Prime, Director

The Director level, In-Business Risk (I ) Structurer will report to the Global Head of Prime Finance In-Business Risk (I ) and will be responsible for counter party and platform risk management of Citi's cash and synthetic Prime Brokerage and Equity Delta One Business lines. This individual will be:

• Solutions-oriented client engagement through-out the lifecycle of a client
• First line of defense in risk managing credit risk and monitoring platform exposure
• Understanding market and credit risks within Prime products and effectively communicating to senior management and control functions
• Evolving the risk framework and other risk governance items to ensure a proper control environment and strategic platform development
• Serve as Prime Finance product SME and business representative for regional Regulatory inquiries and periodic requests
• Key in-business escalation point for emerging counter party risk events and crisis management.

Job Background / Context:

• Global platform includes Prime Brokerage and Swap offerings across US and international broker dealer and bank chain entities
• Client portfolios comprise of a broad range of asset classes and investment strategies. Typical product scope includes:
• Asset classes: equities (incl ETFs, custom baskets, OTC); fixed income corporates and converts; listed options
• Strategies:
  Equity Long/Short;
  Quant;
  Multi-Strat;
  Event;
  Macro;
  Credit opportunity; etc.
• Hedge Fund and Real Money counter parties.

Key Responsibilities:

• Daily management of client portfolio exposures and senior escalation contact for counter party-related risk issues
• Participation in prospective client pitches and term negotiations, negotiating commercial risk terms and constructing incentives to support strategic, risk-efficient returns growth through ongoing client dialogue
• High level of engagement with Sales, Trading and other members of the business as it relates to client management and ongoing business initiatives
• Senior-level risk sign-off responsibility within the NAM-based Prime Finance I  team
• Thoughtful and complete analysis and communication of risk concerns both internally within the business and among control function partners as well as effective delivery of Citi’s view externally to clients and regulators
• Identifying and escalating emerging risks – credit, market, operational or legal – to senior management and Global Prime Finance I  Head. Continuously assessing and adapting to new products and market stress events and proactively proposing risk solutions
• Facilitating new client trades and managing existing portfolio exposures to ensure that risks, primarily market-driven counter party risk, but also documentation, legal and reputational risks are well-controlled
• Work closely with Credit risk management on the onboarding of new clients, sizing appropriate limits, and implementing flexible, dynamic margin methodology, as well as maintaining ongoing dialogue and promptly escalating issues with existing clients
• Develop strategic risk solutions and platform enhancements to help advance Citi’s competitive advantage. Active participation in managing the budget and strategic prioritization of Prime's IT book of work
• Maintain a positive culture within the NAM I  team by cultivating a productive and collaborative work environment as well as advising and helping to grow junior talent
• Ensure full compliance with In-Business Risk Procedures manual and other Prime Finance policies.

Knowledge/Experience:

• Front office risk management or experience in a secured financing role
• Subject matter expertise with relevant Prime financing platforms, asset types and client investment strategies
• Thorough understanding of PB client documentation and experience with negotiating term agreements
• Familiarity with large-scale project management and product development within the Prime Services space, preferably related to data infrastructure and/or risk modelling
• Previous experience engaging with Regulators on risk management-related issues preferred
• Experience with risk decision-making authority carrying direct economic impact
• Previous client-facing experience with hedge funds.

Skills:

• Strong analytical skills, attention to detail,…