Program Manager - Markets - Volcker 2:0

Mondrian Alpha Recruitment Solutions
London, United Kingdom
High Salary + Bonus
Sep 10, 2020
Oct 10, 2020
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
We require candidates that have engaged in matters relating to Volcker 2:0, who have led and managed key relevant projects or programs, managed teams, been responsible for the reporting elements of these threads and had ownership on budgets and spend.

The Volcker Rule is one of the most significant regulation impacting financial markets globally. As a major US global bank, the impact on Citi is significant resulting in this being one of the most impactful initiatives in the organization.

This is a critical role that will deliver integrated solutions in line with regulatory expectations, working closely with colleagues in the front office, risk and other control functions. The incumbent will be responsible for development and maintenance of Reasonably Expected Near Term demand (RENTD) and Mandates workstreams of the Volcker Rule

Key Responsibilities
  • Design analytical frameworks, develop tools for data validation
  • Analysis of customer demand for Trading desks, and assessment of adequate level of assets/risk for client inventory
  • Work with the trading business to analyse the trading and associated risk activity of each desk, within the necessary frameworks
  • 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
  • Provide subject matter expertise for internal and external related queries relating to Volcker rule

  • Partner with business, risk and legal stakeholders to monitor changes in business activity; assess Volcker implications and support business in ensuring Volcker compliance requirements are met on an ongoing basis
  • Review, document and analyze individual Desk's trading and hedging strategies
  • Ensure Business' Volcker Mandate documentation is updated to reflect changing business priorities, roles and structures
  • Ensure documentation and procedures meet current and upcoming regulatory requirements
  • Responsible for product classification by Volcker exemption / exclusion in partnership with risk and business partners
  • Work with Technology teams to develop sustainable solutions supporting the Volcker program

Knowledge, Experience & Skills
  • Experience developing robust market risk analysis, using large complex sets of data, and managing junior analysts is essential
  • Understanding of Cash & Derivative trading covering multiple asset classes is not essential but would be an advantage
  • Understanding of Front Office trading processes across the full trade lifecycle within a large bank/dealer covering multiple asset classes.
  • Experience of trading desk market risk management processes is desirable
  • Experience/familiarity with programming languages (R / Python / SQL) is highly desirable

Skills and Competencies

Must be able to demonstrate extensive experience of:
  • Strong numerical and problem solving skills, with analytical mind-set and comfortable working with large amounts of data within Excel
  • Strong project management skills; ability to gain consensus among staff and drive initiatives to completion effectively.
  • Interpersonal, influencing and organizational skills to mobilize and motivate delivery in a co-operative and collaborative working environment using appropriate matrix management of teams across trading and support/infrastructure/control functions
  • Excellent verbal and written communication skills, to effectively produce procedural documentation and communicate with senior management. Ability to seamlessly communicate complex technical issues to non-technical colleagues


College/university education required, with an MBA, STEM/quantitative major or CFA strongly preferred. Appropriate industry experience & exceptional delivery track record is as important.

Apply now following the link below, or alternatively send you resume directly to

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