Xva Trading Risk Manager, Director - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

The XVA team is responsible for measuring, monitoring and analyzing the organization's market risk exposure on a day-to-day and long-term basis for the associated financial products.

The team covers the derivatives XVAs (e.g. CVA, FVA, DVA), including marketfactor sensitivities, as well as fair value option elected note issuance (FVO DVA).

Key Responsibilities:

FVO DVA Market Risk lead.
Provide oversight and guidance over the assessment of broad complex issues, structure potential solutions and drive effective resolution with other senior stakeholders.
Provide advice to the businesses on an ongoing basis.
Review market risk positions, particularly under potential risk scenarios, and raise challenges to the desk if necessary. Liaise closely with the businesses to understand market trends and to report exposure under different market conditions.
Propose to senior management appropriate market risk limits for trading within the firm's risk appetite.
Review risks related to nonstandard or structured trades and new products. Liaise closely with the business and other support functions to determine the nature and size of risks and ensure they are within the firm's risk appetite.
Provide detailed explanations of the market risk of the desk, both internally to senior management and the trading desk, and externally to the Bank's regulators.
Interact and work with other parts of the Risk organization to improve the frequency and range of stress testing and capital adequacy processes (e.g., legal entity ICAAPs, CCAR, Risk Appetite Programme).
Act as a change agent, helping to lead Citi's transformation efforts, especially as related to Market Risk, Stress Testing and Risk Appetite.
Identify and implement modernizing improvements relating to systems or risk reporting where needed relative to best practice.
Liaison with regulatory examiners, Internal Audit, and external auditors on critical Risk issues and oversee the implementation of related remediation.

Expertise / Competence:

Strong expertise in XVA and FVO DVA, specifically in XVA Market Risk management and governance is a prerequisite.
Knowledge of the Trading Book vs Banking Book boundary and associated booking models to achieve effective risk & controls.
Proven risk management experience, ideally with perspective across peer organizations / an understanding of industry best practice.
Thought leadership to design enhanced processes and procedures through strategic transformation, and / or digital tools, as well as to enable implementation of new regulatory requirements.
Ability to challenge the business while partnering with them to drive the best results for the firm.
Controlfocused, e.g. to analyze exposure / risk reports and followup on significant changes.
Leadership: takes ownership; delivers with pride; succeeds together.
Excellent written and verbal communications, interpersonal, and organizational skills.
Demonstrated work ethic and proven track record in driving results.
Shares knowledge and develops talent.
Effective at building relationships with key stakeholders and navigating a large organization.

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Job Family Group:

Risk Management

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Job Family:

Market Risk

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Time Type:

Full time

Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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