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The MSS Regulatory Reform Implementation Team seeks to add a quantitative analyst to Volcker Client Demand analytics team. The Markets Quantitative Analyst will support the implementation and roll out of multiple analytical Volcker requirements for Citi Markets. The Volcker Rule is one of the most significant changes impacting financial markets globally. As a major US global bank, impact on Citi is significant and is one of the highest profile and important regulation affecting Citi Markets. The rule requires that banking entities stop certain prop trading and funds investment activities, by relying on the implementation of multiple new analytical frameworks. The Quantitative Analyst will help develop these new analytical frameworks for Citi Markets trading activity, including:
Analysis of customer demand for Markets' Trading desks, and assessment of adequate level of assets/risk for client inventory
Review of trading volumes with customers, and analysis of turnover of market risk factors
Assessment of hedges used for risk management with principal risk in market making inventory
Analysis of Volcker metrics results for Markets - involving Finance, Risk, and Customer activity data
Efficiently manage large data sets of ~ 50bn data points/month to draw analytical insights for trading desks and other markets businesses
These analytical frameworks provide not only an overall understanding of each desk business, but also a detailed consideration of the impact of each trade on market risk factors. The analysis and results are discussed with Trading Desk heads plus Market Risk managers, and drive necessary changes to business processes and systems to support compliance with the regulatory requirements. In addition, the team is planning to overhaul its underlying data infrastructure to create a unified data platform comprising trading, risk, client, and product information under a single umbrella. This will involve working on interesting data sets from trading desks, market risk, client management systems and market data, and engagement with associate teams. Consequently, the role provides a great exposure and opportunities to learn and apply big data skills Given that this is a new industry-wide requirements, applicable to all global banks, the Markets Quantitative Analyst will not only be able to develop new in-depth knowledge of each business, but also contribute to the design of management tools used by the trading desks. Ideal candidates will have strong analytical and problem solving skills, together with solid communication/presentations skills, and ability to deliver on an impactful change program. Key responsibilities: The following are some of the specific activities expected of this role:
Work with the trading business to analyse the trading and associated risk activity of each desk, within the necessary frameworks
Supervise and guide junior team members
Design analytical frameworks, develop tools for data validation
Present analysis concept and results to Citi Markets businesses heads and functional/control seniors
Prepare presentations to the regulatory agencies, and discuss the metrics project details with the regulators
Deliver presentations to senior management covering project status and plans
Participate on industry meetings and conferences, interacting with peers from other financial institutions
Become a point of contact and provide subject matter expertise for internal and external related queries relating to Volcker analysis
Bachelor's/University degree or equivalent experience
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Grade :All Job Level - All Job Functions Time Type :Full time Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity. Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity CLICK HERE . To view the "EEO is the Law" poster CLICK HERE . To view the EEO is the Law Supplement CLICK HERE . To view the EEO Policy Statement CLICK HERE . To view the Pay Transparency Posting CLICK HERE .