Risk - Investment Products Risk Manager APAC Capital Markets - SVP

Investment Products Risk (IPR) within Risk Management is responsible for managing certain risks associated with the manufacture, sale, and distribution of investment products and services to individual investors.IPR's coverage includes the Institutional Clients Group (ICG) and Citi Global Wealth (CGW), which incorporates the Citi Private Bank (CPB) and Global Consumer Banking (GCB) distribution channels. Investment product businesses within ICG and CGW represent over $500billion in client assets.IPR's coverage of investment products covers all investments intended for individual investors, including capital markets (i.e. equities, debt, derivatives, structured products), alternative investments (i.e. hedge funds, private equity, real-estate funds) and traditional investments (mutual funds, managed portfolios and ETFs).

The candidate should be knowledgeable about investment products, markets, portfolio management, and issues that impact investment clients and the firm.IPR professionals are expected to keep abreast of developments in the wealth management industry, macroeconomic environment, and the financial markets.IPR professionals are involved in all aspects of investment products and related businesses - from product development and approval through product performance analysis and ongoing monitoring.

Position:
The candidate will lead product risk management in the Asia Pacific (APAC) region for ICG capital markets businesses.They will be the primary risk partner working with senior business leaders to develop business strategy, evaluate investment product offerings and monitor product performance.They will be a member of senior product and governance forums and must demonstrate both a credible challenge and strong influence on covered businesses. They will be expected to build strong relationships with both business and control function counterparts. This position reports to the Head of IPR Capital Markets in NY.

Responsibilities:

Management

• Engage product managers across each covered business line and set expectations for oversight and monitoring the businesses, including parameters to escalate issues as needed.
• Manage multiple high-value initiatives at one time, prioritizing and resolving issues while also protecting the firm's clients and franchise.
• Liaise with regulators through business reviews and periodic firm updates.

Investment Product Review

• Evaluate trade/product ideas for sound investment thesis, consider product risks and appropriate client distribution. Develop risk mitigants, determine risk ratings, and develop product performance expectations.Convey this analysis through detailed product reports and discussions with management.
• Participate in the firm's Product Approval processes for capital markets products, provide subject matter expertise into the Product Approval Committee's deliberations on capital markets products.
• Monitor and evaluate ongoing performance of products. Investigate and rationalize performance outliers considering the macro and/or microeconomic factors contributing to that performance. Monitor exposures and suggest risk mitigations.
• Identify emerging issues in the capital markets industry and mobilize resources to assess the risk and outline potential mitigants and/or solutions.

Business Coverage

• Work alongside business partners to build/enhance business and governance processes.
• Develop/enhance business and product reporting, set triggers/limits and appropriately escalate issues.Work with business management to support a value-driven and client-centric culture.
• Analyze product positions/concentrations within and across accounts/businesses and identify existing or emerging risks.Construct a view and deliver analytics and potential solutions to management.
• Evaluate the appropriateness of market assumptions utilized in firm models and strategies, for use in Citi investment products.
• Assess target markets for new capital markets product offerings to third-party private bank and wealth management distribution channels.

Qualifications & Experience

• Extensiveyears' work experience preferred.
• Bachelor degree, with experience in finance, economics, math/statistics desirable (MBA, CFA or higher education/certification preferred).
• Extensive working knowledge of capital markets (specifically derivatives instruments such as swaps, forwards/futures, and options) and wealth management (specifically client assessment, security selection and performance evaluation).
• Experience working in a high-performance team and managing multiple deliverables at the same time. Managing tight timelines and working within the timing of the trading day.

Skill-set

• Candidate must be well versed in capital markets, including derivatives (e.g., options, swaps); foreign exchange (e.g., forwards, futures); and structured products
• Very strong interpersonal and organizational skills. Ability to create and maintain strong relationships with a diverse array of personalities occupying both junior and senior positions is a must.
• Strong ethical and moral compass with the ability to make difficult decisions and communicate/document those decisions professionally.
• Strong analytical skills including statistics and stress testing techniques is preferred.
• Candidate must have a demonstrated ability to develop strong interpersonal relationships quickly.
• Strong demonstrated writing ability; to clearly and succinctly convey your analysis and views to an audience of senior managers.
• Ability to work effectively in a team setting; with demonstrated ability to manage and influence divergent views across a complex organization.
• An ability to drive tasks through to completion, with periodic guidance.
• Strong interest in capital markets products and investment product distribution businesses.Be open to expanding responsibilities outside of direct experience.
• Ability to see the "big picture" without losing attention to detail.Takes pride of ownership in all deliverables and the activities of the team.
• Flexibility in thought and approach. Able to introduce creative solutions and enact reasonable judgment to complex issues.

Job Family Group:
Risk Management
Job Family:
Investment Product Risk Mgmt
Time Type:
Full time
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