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MSS Risk & Control Revenue Estimates / PAA Manager

Employer
Citigroup
Location
Lambeth, South East London, United Kingdom
Salary
Competitive Salary
Closing date
Sep 28, 2020

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Job Role
Risk Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Function background / context: Citi Markets & Securities Services (MSS) is looking for a global markets Trading Revenue & PAA Senior Specialist, ideally with a Product Control background. The successful candidate will have solid experience of MSS businesses and trading desk revenue calculations including reporting lifecycle from front office risk system revenue estimate generation, trader signoff / submissions, validation against Product Control T+1 actual revenue results, PAA principles, PAA risk factor composition and calculation methodologies. The incumbent will be a senior member of the MSS T0 Revenue & PAA team overseeing delivery of a complex global re-engineering program to efficiently deliver systemically accurate daily revenue results for all mark-to-market trading book activities to senior executive management and regulators. This program comprises the delivery of >200 discrete system and process enhancements across all MSS asset classes and impacting 400 trading desks in over 60 countries. The incumbent will also participate in key initiatives and projects for the delivery of an enhanced PAA infrastructure and methodologies, expansion of economic PAA analysis as well as overseeing daily T0 revenue estimate reporting while building a global T0 reporting team. Successful execution will require partnership across all Global Markets businesses and will include traders, CAOs and Business Management, Finance, FO and Finance Technology teams. It will also involve frequent interaction with Internal Audit. This role is a key member of a broader 1st Line Risk & Control function directly supporting MSS as one of the major businesses within the Institutional Clients Group. The MSS Risk & Control team is mandated to establish and maintain a robust 1st Line of Defense designed to minimize risk within the business including leading critical control remediation projects to mitigate risk in Trading, Financial Crimes and Conduct while ensuring strong governance to measure, monitor, manage and escalate key risks. Key

Responsibilities:
Supervise and run asset class specific working groups to monitor and oversee complete delivery of enhancements according to committed timelines. Provide cross asset class perspective to the remediation program to ensure consistency of approach across MSS.Provide ongoing specialist support to assigned MSS businesses on revenue estimates reporting and governance expectations. Provide technical and process support to MSS businesses on the development and rollout of enhanced PAA calculation methodologies as well as associated regulatory expectations.Identify common revenue and PAA associated infrastructural deficiencies that may exist across Global Markets businesses and work with the Markets Risk and Control (MRC) T0 support/project team and relevant stakeholders to build cross MSS remedial solutions (eg. Funding allocation and transfer pricing processes, global approach to FX pricing).Oversee a MRC global team responsible for running daily quality control and sanity checks on daily T0 global business revenue reports to ensure the accuracy of final revenue numbers submitted to both senior management and regulators.Preparation of formal update communications to senior management and senior governance forums on the progress of T0 remediation program and PAA enhancementsQualifications and Competencies: Bachelor's degree required, Masterâs degree preferredAt least 5 yearsâ experience ideally in Finance / Product Control roleSpecific subject matter expertise in global markets traded products together with associated P&L and PAA calculation and reporting practices. Strong track record in strategic design and project management implementation, delivering complex solutionsStrong financial, analytical, strategic planning and problem solving skillsStrong organizational leadership and influencing skillsAbility to articulate strategic vision and impact & influence othersWorks well under pressure and in tight deadlines-------------------------------------------------Job Family Group: Risk Management-------------------------------------------------Job Family:Business Risk & Controls------------------------------------------------------Time Type:------------------------------------------------------Citi is an equal opportunity and affirmative action employer.Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Citigroup Inc. and its subsidiaries ("Citiâ) 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 review Accessibility at Citi.View the "EEO is the Law" poster. View the EEO is the Law Supplement.View the EEO Policy Statement.View the Pay Transparency Posting

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