Sr Business Analyst

Overview

Citi's technology team is growing at lightning speed, and we're looking for talented technologists to help build the future of global banking. Our teams are creating innovations used across the globe – we're changing the way people bank and how the world does business. Citi's technology team supports business operations in 100+ countries, across multiple lines of business spanning both Institutional and retail businesses. The group works to optimize the IT environment by standardizing production platforms, reducing complexity, and introducing innovative solutions that provide new business capabilities, reduce total cost of ownership, and create a competitive advantage for Citi. Join an environment with a laser focus on growth and progress, and take your career to the next level through the power of Citi's unmatched globality and vast expertise.

Success Profile

As one of the world's most global banks, Citi gives you the tools to be a trailblazer. We're not just building technology, we're building the future of banking. With thousands of employees located around the globe, we are an international team encompassing a broad range of teams, roles, and cultures, and we invite you to come and join us
• Creative
• Analytical
• Collaborative
• Productive
• Adaptable
• Relationship Expertise

Glassdoor Reviews
"Globally diverse and technologically progressive" Director of Software Development, Warren NJ "Excellent technologists. Great vision of bringing the financial services industry into the 2020. Great place to work for work-life balance." Senior Applications Development Manager, New York, NY "Great Intern experience, great pay and solid opportunity to end up being a full time after the end of the internship program." Summer Technology Analyst "I had a great learning experience, good work environment and excellent coworkers. Had the opportunity to escalate my way to the highest position available in my area within 3 years" AVP Operations & Technology, San Juan PR "Globally diverse and technologically progressive" Director of Software Development, Warren NJ "Excellent technologists. Great vision of bringing the financial services industry into the 2020. Great place to work for work-life balance." Senior Applications Development Manager, New York, NY "Great Intern experience, great pay and solid opportunity to end up being a full time after the end of the internship program." Summer Technology Analyst "I had a great learning experience, good work environment and excellent coworkers. Had the opportunity to escalate my way to the highest position available in my area within 3 years" AVP Operations & Technology, San Juan PR "Globally diverse and technologically progressive" Director of Software Development, Warren NJ

Responsibilities

Job Description Summary

Citi, the world leading global bank, has approximately 200 million customer accounts and a presence in more than 160 countries and jurisdictions worldwide. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Citi enables clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.

The Derivatives Credit Risk Technology Team is responsible for delivering Counterparty Credit Risk Management software solutions to Citi's Risk organization which manages Citi's exposure to financial institutions, governments and corporates that trade with Citi. The team builds and maintains software used to compute metrics that help mitigate Citi's exposure to counterparty default. These include computation of optimal Margin Allocation for Portfolios and Trades, Haircut for Security and Cash Collateral, Trade and Collateral Liquidity, Collateral Concentration Levels and Wrong Way Risk, amongst others.

Key Responsibilities:
• Liaise with stakeholders across the Risk and Front Office Technology, Counterparty Risk Management, Finance and Front Office business organizations, and external Market Regulators to assemble business requirements for Counterparty Risk Technology projects.
• Manage expectations of various stakeholder groups and help negotiate solutions to complex problems.
• Project manage complex Counterparty Credit Risk projects end to end. Accurately record, maintain, and report Program/Project management tracking data such as milestones via Citi's internal project tracking systems.
• Help assemble/manage detailed documentation covering Counterparty Risk calculations and other processing, to be used to discuss technology implementation details with the Business users and Market Regulators in various countries/regions. Create flow diagrams, structure charts, and other types of system or process representations when appropriate.
• Facilitate and drive project meetings with both business and technology teams.
• Develop and review test scripts with business users as well as technology teams for System, User and Impact testing.
• Understand, analyse, and explain counterparty mark-to-future exposures on Derivatives books to users. Investigate Potential Future Exposure/EPE/EAD/RWA and related calculations for internal risk management and BASEL regulatory capital reporting based on the exposure profiles generated by the systems.
• Ability to trace changes in day to day exposures to changes in markets, books and or legal agreements.
• Where feasible develop excel prototypes to demonstrate and analyse risk calculations.

Knowledge/Experience:
• Experienced in Business Analysis and SDLC. Project Management experience a key advantage.
• 6+ years experience in the Capital Markets domain.
• Understanding of the mechanics and life cycle of derivatives products, including Options, Futures, Forwards and Swaps is mandatory. Knowledge of Securities Financing Transactions (SFT) products an advantage.
• Understanding of Risk concepts especially Counterparty Credit Risk is an advantage,Potential Future Exposure, Margin (ISDA MNA and CSA), Collateral Haircut, Liquidity and Period of Risk, Settlement Risk.Understanding of Basel III/IV and any other relevant Risk Regulations and measures including PSE, RWA, EAD.Knowledge of Market Risk an advantage including Credit Value Adjustment (CVA).
• Experience working with global teams across time zones.
• Proficiency in MS Office (Word, Excel, Visio, PowerPoint)
• Data Analysis capabilities (Database or Spreadsheet), with extensive experience using Excel required.

Education:
• Bachelor's degree/University degree or equivalent experience, Master's degree an advantage.
• Graduate in STEM (Science, Technology, Engineering and Mathematics) or Finance discipline.
• FRM/CFA or other Financial mathematics degree or certification is an advantage.

Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.

Competencies:
• Excellent verbal and written English.
• Ability to collaborate effectively in a large global team.
• Ability to take ownership and proactively follow up on issues.
• Ability to work well under pressure, to agreed and often challenging deadlines.
• Strong organization skills.