Job Title: Finance Risk Manager
Business: Risk Management
Division: Finance Chief Risk Officer
Officer Title: Senior Vice President
C-Grade: C14
Location: Frankfurt
Legal Entity: CGME
Closing Date: 17 May 2024
As part of Finance Chief Risk Officer (Fin CRO) management global team and Citigroup Global Markets Europe AG's (CGME) Risk Management team, the successful individual will help to ensure a sound and robust second line oversight, a consistent implementation of policies and procedures across countries and entities in CGME and the Europe Cluster, and an optimisation of the use of resources.
Team/Role Overview:
CGME Independent Risk Management, headquartered in Frankfurt, acts as the second line of defense for the holistic management of risk across all business lines and locations of CGME. Within Independent Risk Management, the Finance CRO team is responsible for the oversight and monitoring of treasury risk activities in CGME. The team is also in charge of ensuring that Citi stays within the appropriate Risk Appetite levels of Liquidity, Interest Rate, Investments Risks and Capital Adequacy. Finance CRO is a part of the Independent Risk Management organisation as 2nd line and provides effective and credible challenge to Treasury.
What you'll do:
- Overseeing the design, development, delivery and maintenance of best-in-class Risk Management programs, policies and practices and sets strategic direction with focus on Liquidity Risk, Interest Rate Risk Banking Book (IRRBB), Investments and Capital Risk to ensure adherence to Citi's policies and regulatory requirements.
- Working with the Europe Cluster head as well as other Finance CRO clusters, global risk teams and seniors to ensure best in class Risk activities, including policies and procedures.
- Fronting senior regulators on key legal entity related asset-liability management matters to ensure responsible risk taking in line with internal risk appetite standards and prudential requirements.
- Liaise with the global and specialist teams to facilitate consistency, standardisation and completeness of controls and challenges of identification so that all processes and their controls are supported by the required documentation and evidence (including credible and effective challenges)
- Reviewing and approving of risk framework, as well as monitoring compliance with risk limits/triggers
- Interaction with Other key risk seniors across the region and globe (Market Risk, Credit Risk, Operational Risk) and relevant Finance and Reporting teams to improve accuracy of regulatory and management reporting.
- Escalate any issues, with appropriate suggested mitigations, to CGME's CRO without delay.
- Participating in new product approval reviews to ensure novel offerings, business launches, and complex products are in line with standards outlined in Citi's risk policies.
- Participating with voting rights in senior governance forums such as respective cluster or entity Asset and Liability Committee (ALCO).
Development Value:
- The successful candidate will maintain and develop the franchise's framework for review, challenge and oversight of treasury risks. As such, the role will entail top-level exposure across all businesses operating on Citi's new EU investment firm.
- Significant scope for improving processes and practices.
- Significant interaction with senior management and regulators.
- Breadth of role will provide significant business and personal development opportunities.
- Unique opportunity to be part of the inception of a new business structure in a key strategic area for Citi.
- Initiating short / long term business strategies overseeing recommendations through implementation.
What we'll need from you:
- Degree in Quantitative or Financial discipline would be preferred.
- Solid and relevant experience within risk management, treasury, or support functions with exposure to balance sheet, financial products, financial/risk analysis is essential.
- General understanding of treasury products - securities, derivatives, and a broad mix of underlying asset classes required.
- Knowledge of ALM, Market Risk / IRRBB / Liquidity Models / Capital Adequacy and regulatory framework will be an advantage.
- Prior work experience in the material entities and or regional markets.
- Fluent in written and spoken English, German desirable.
- Authority to command attention with Treasury and enforce risk decisions in a relevant manner but in a way, which also meets Citi's risk related policies.
- Interaction with auditors / regulators and understanding of applicable best practice guidelines and regulations.
- Up-to-date working knowledge of regulatory requirements and change, specifically those from Basel and European regulatory authorities (desirable).
- Expert analytical, technical, and quantitative skills.
- Ability to influence and lead people across cultures at a senior level using sound judgment and successful execution, understanding how to operate effectively across diverse businesses.
- Business acumen to interact with partners in Risk, Treasury, Markets, and other support Functions.
- Highly developed presentation skills with the ability to articulate complex problems and solutions through concise and clear messaging.
- Self-driven and finds it natural to take initiative and set agenda.
- Highly motivated, resilience, attention to detail and organised.
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
Valuing Diversity:
Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organizational success.
Citi is an Equal Opportunities Employer
Job Family Group:
Risk Management
Job Family:
Treasury Risk
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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