Business Risk - Commodities

In Business Risk - Commodities Location(s):

London, England, United Kingdom

On-Site/Resident

Working at Citi is far more than just a job. A career with us means joining a team of approximately 219,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

At Citi Markets, we win together. In a rapidly changing world, our shared vision gives us the clarity, agility and global perspectives we need to shape the future. That's why collaboration plays a central role in how we deliver for clients, develop our people, and grow our business. Our Commodities franchise is uniquely positioned within our global Markets division, offering clients comprehensive coverage across energy, metals, agriculture, and environmental products.

We operate across physical and derivative markets, supporting corporate and institutional clients in managing complex price, basis, and volume risks inherent in their operations and portfolios.

As an In Business Risk Vice President for Commodities, you will serve as a critical first line of defense partner embedded directly within our trading and structuring businesses. This is not a traditional independent risk oversight role—you will work shoulder-to-shoulder with our front‑office teams to proactively manage capital efficiency, regulatory compliance, and strategic risk optimization. This position offers the rare opportunity to combine deep quantitative risk expertise with commercial acumen, directly influencing trading strategy, capital allocation frameworks, and business performance in one of the most dynamic and complex asset classes in global markets.

You will be instrumental in navigating the evolving regulatory landscape, particularly Volcker Rule compliance and FRTB implementation, while driving measurable improvements in risk‑adjusted returns.

• Reconcile and Own Market Risk Capital Metrics:Maintain comprehensive reconciliation and deep understanding of all market risk capital numbers allocated to commodities businesses. Serve as the single source of truth for capital consumption metrics, variance analysis, and attribution across energy, metals, and agricultural trading desks.

• Volcker Rule Compliance & Impact Assessment:Assess and quantify the potential impact of Volcker Rule requirements on various commodities trading desks. Partner with Legal and Compliance to ensure proper desk designation (market‑making vs. proprietary trading) and develop strategies to optimize business activities within regulatory constraints.

• Risk Model Enhancement & Deficiency Resolution:Collaborate intensively with quantitative analysts and Second Line Risk teams to identify, prioritize, and remediate risk model deficiencies. Lead initiatives to improve model accuracy, expand coverage of exotic products, and enhance stress testing frameworks for commodities‑specific risks.

• Strategic Business Planning Under New Regulatory Regimes:Propose and advocate for business strategy changes in response to evolving capital frameworks (FRTB, Basel IV). Develop data‑driven recommendations on product mix, client coverage, and desk structure to maximize risk‑adjusted returns under new capital allocation methodologies.

• Capital Efficiency Optimization & Performance Analytics:Build and maintain frameworks to assess individual trader performance against allocated capital (RAROC, Sharpe ratio, capital velocity metrics). Design and implement risk‑return frameworks that incentivize capital‑efficient trading behaviors and inform compensation and limit allocation decisions.

• Cross‑Business Risk Coordination & Return Enhancement:Serve as the primary liaison between desk‑level in‑business risk functions and the central commodities capital team. Coordinate efforts across physical and derivative trading businesses to identify portfolio optimization opportunities, cross‑desk hedging strategies, and enterprise‑wide capital efficiency initiatives.

• Quantitative Education & Risk
  
  Experience:
  
  Degree in a quantitative or financial…