Overview
Are you looking for a career move that will put you at the heart of a global financial institution? We're seeking a highly motivated Quantitative Risk Analyst to join our Dublin office and support North America (NAM) trading desks within the Data, Analytics, Reporting and Technology (DART) team. This unique opportunity allows you to work at the center of global markets, collaborating directly with our US teams while based in Ireland.
By joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
What you’ll do
* Counterparty Credit Risk (CCR) Exposure Calculation: Actively support the internal risk management process by performing CCR exposure calculations on structured and exotic derivative products across all market and asset classes, ensuring accuracy and timeliness.
* Analytical Model Development: Develop ad-hoc models in Python libraries for new products and structures, incorporating fundamental economic principles and derivative pricing models.
* Create comprehensive model documentation to support future model validation efforts.
* Model Validation and Improvement: Contribute to the validation of existing models, identifying areas for improvement and ensuring alignment with market dynamics and economic conditions.
* Project Management: Manage CCR-related analytical tool projects, including conducting thorough testing, documenting requirements, and ensuring diligent project follow-up.
* Production Issue Resolution: Conduct in-depth system investigations for production issues raised by risk managers and assist in the diagnosis and remediation of these issues, collaborating with relevant teams to facilitate resolution.
* Model Implementation and Documentation: Lead the creation of model documentation and coordinate with relevant teams to test and implement CCR models effectively.
* Advisory Role: Build and maintain strong relationships between front office businesses, internal risk management, and capital teams. Proactively advise on risk and capital-related projects and issues.
* Collaboration and Communication: Communicate complex risk concepts to a wide range of stakeholders and assist project managers with testing new functions or features, monitoring progress, and providing timely reports.
Market Coverage
* This position requires working in alignment with New York market hours.
* We provide strong support to ensure a smooth transition into this schedule and to help you maximize the benefit of working closely with NAM trading desks in real time.
Development Value
* Gain extensive product and structure knowledge across all asset classes.
* Develop a deep understanding of industry regulatory requirements and their impact on risk management.
* Enhance risk management expertise through hands-on experience and exposure to various risk management techniques.
* Foster interaction with diverse business units across Citi, gaining valuable insights into the organisation's operations.
* Expand global market knowledge through involvement in international projects and initiatives.
* Deepen expertise in economic principles and derivative pricing models.
What we’ll need from you
* Relevant years of experience in a quantitative role within financial or consulting services.
* Comprehensive understanding of derivatives' risk, modeling, and pricing.
* Strong product knowledge of a wide range of derivative structures across different asset classes (Fixed Income, Equity, Commodities, FX, Credit).
* Knowledge of market and credit risk management techniques and frameworks is highly desirable.
* Solid foundation in fundamental economics and its application to financial markets.
* Experience with derivative pricing models and their limitations.
* Proficiency in programming languages such as Python and C++.
* Basic database skills and knowledge in relational databases.
* Excellent spreadsheet skills.
* Strong analytical and problem-solving abilities.
* Excellent communication and interpersonal skills.
* Ability to apply economic principles to risk management and model development.
* Master's or Ph.D. in a quantitative discipline such as Mathematics, Statistics, Economics, Physics, Engineering, or a related field.
Competencies
* Self-driven with a strong work ethic and the ability to work independently.
* Excellent communication skills for quantifying risks and explaining them in a fast-paced environment.
* Ability to lead discussions on structured products’ credit exposure with a range of stakeholders.
* Eagerness and ability to quickly grasp the complexity of structured derivatives.
* Strong understanding of economic principles and their impact on derivative pricing and risk.
What we can offer you
* Opportunity to develop in a highly innovative environment using the newest technologies in a top-quality organisational culture.
* Professional development in a truly global environment.
* Inclusive and friendly corporate culture with recognition of gender diversity and equality.
* A supportive workplace for professionals returning to the office from childcare leave.
* An engaging learning path leading to a deep understanding of Citi’s products and services.
We work hard to have a positive financial and social impact on the communities we serve. We put our employees first and provide benefits to help them be well, live well and save well.
By joining Citi Dublin, you will be part of a hybrid working model (up to 2 days at home per week) with a competitive base salary (annually reviewed) and additional benefits to support you and your family. Discover more here.
Alongside these benefits, Citi is committed to ensuring our workplace is welcoming to everyone. We want the best talent to join, stay, and thrive.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
We are an equal opportunity employer. Qualified candidates will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
Accessibility information and the Citi EEO policy statements are available upon request.
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