DirecciónThe Treasury Risk Senior Group Manager is a Senior level role accountable for management of complex/critical/large professional disciplinary areas. The role manages multiple teams through other managers and requires thorough understanding of strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas. Excellent communication skills required in order to negotiate internally, often at a senior level.
Some external communication/negotiation may be necessary. Responsible for executing functional strategy in area managed. Determines approach to implementing functional strategy.
Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of the area(s). Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses. Full management responsibility for multiple teams, including management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval.
May be doing involved or responsible for diverse (cross-discipline) activities. Typically, a direct report to a C16 role and function as an integral member of the functional leadership team within a country/site location, job family, or line of business.
Responsibilities:
- Responsible for managing risk reporting and analysis for Citi Treasury, working closely with the Treasury Portfolio Managers, Treasury Risk Managers, and Treasury Finance and O&T.
- Partners with members of Treasury, Risk Management, and Finance to establish reporting requirements, develop the tools, analysis and reporting necessary to proactively identify and manage risk with respect to portfolios and products, and continuously update the reporting process to reflect the current business structure.
- Leads and sets strategy for the team responsible for the reporting and analysis of interest rate and other market risks.
- Conducts daily, weekly, and or monthly reporting of Interest Rate Exposure, DV01, duration, convexity, VaR, and MTM. Monthly reporting requirements include computation of Economic Value Sensitivity, Economic Risk Capital, and numerous stress scenarios.
- Develops a high level of expertise in the various systems Treasury Risk uses to generate Risk information such as DP and Yield Book.
- Leads testing and implementing Treasury Risk Management system, including establishing data standards and controls as well as coordinating and performing ongoing projects and testing.
- Works with members of the various disciplines to identify ways to streamline and automate process flows in order to create more accurate and timely results, as well as improving efficiency.
Appropriately assess risk when business 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 behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Qualifications:
- 15+ years of experience, including 8-10+ years' managerial experience
- 15+ years of relevant finance, risk management/analytics, reporting experience, preferably in a trading environment. Product control experience preferred. Treasury knowledge is a plus
- Must possess knowledge of system workflows, front-end and management reporting application systems, and knowledge in the utilization of database technology.
- Proven ability to identify issues, design a plan of action and execute projects to meet stated objectives
- Successful candidate will be a detail oriented creative thinker with strong analytical, problem solving and written communication skills.
Education:
- Bachelor’s degree in Finance/Quantitative Fields. Master’s degree preferred.
Job Purpose:
· This position covers the Finance CRO roles for the new Citi Mexico legal entities. The role requires strong Treasury Risk management performed by Finance Risk (FinCRO) and will have close communication with the Treasury team.
· Finance Risk Management is responsible for providing effective and credible challenge to the Treasury organization for liquidity, interest rate risk management, investments, and capital. This position is a recognized technical authority in Finance Risk that requires communication skills to guide, influence and convince others, in particular colleagues in other areas and occasional external stakeholders. Focus will be on the management of robust Treasury Risk framework for the entities and meeting the needs of local regulators.
Among other things, the role will be responsible for monitoring, reporting and escalating Treasury Risk to internal and external stakeholders.
Key Responsibilities:
As part of Finance CRO management global team and Citi Mexico Risk Management team, this person will help to ensure a sound and robust second line oversight, a consistent implementation of policies and procedures, and an optimization of the use of resources.
· 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.
· Provide independent oversight related to liquidity risk and Non-Trading Market Risk following the roles and responsibilities described in the policies and procedures.
· Participate in the respective committees to provide the review and challenge required as well as the approvals.
· Provide independent oversight of issuer risk and balance sheet liquidity management (BSLM) . Monitor investment and issuer risk reporting and metrics to identify and escalate potential areas of concern.
· Work with Treasury to ensure that all relevant risk factors are properly identified and formally captured in official risk systems.
· Develop and maintain appropriate Treasury Risk limits frameworks with applicable limits and triggers.
· Oversee risk exposure measurement and limit monitoring processes to ensure integrity and independence of reporting.
· Assesses complex risk/return trade-offs associated with transactions and products.
· 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.
· Establishing professional relationships with relevant regulatory bodies and represents Citi on critical regulatory matters as required. Serves as liaison with regulatory examiners, Internal Audit, and external auditors on critical Risk issues and oversees the implementation of related remediation.
· 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.
· Act as a subject-matter expert, demonstrating technical expertise in products and associated risks, including review and challenge of standard assumptions for Liquidity and IRRBB metrics for local usage.
· Perform local specific risk management requirements under Mexican regulation related to Liquidity and Non-Trading Market risk, in conjunction with Mexico CRO team.
· Collaborate with Finance & Treasury teams on Capital Sufficiency and Financial disclosure related topics.
· Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citi and its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervising the activity of others and create accountability with those who cannot maintain these standards 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 (IRRBB), Investments and Capital Risk to ensure adherence to Citi’s policies and regulatory requirements.
Qualifications
General understanding of treasury products
· Knowledge of IRRBB, liquidity models and regulatory
framework will be an advantage
· Prior work experience in the material entities and or
regional markets
- Fluent in written and spoken Spanish and English
- 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.
Expert knowledge of treasury, market risk, and liquidity management
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Treasury Risk------------------------------------------------------
Time Type:
Full time------------------------------------------------------
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