Senior Product Developer / Business Analyst - Counterparty Credit Risk Stress Testing

Given heightened expectations from regulators and a goal to build a strong and consistent global control environment, Citi continues to enhance its business governance framework and has created the Enterprise Data group. Enterprise Data is a critical component of Citi’s first line of defense for wholesale and counterparty credit risk management and works with Independent Risk teams to ensure best-in-class risk and controls, as well as client responsiveness.

Build tools to help measure, monitor and control counterparty risk for institutional clients and Portfolios and businesses, with a focus on counter-party and collateral risk to ensure the risks are being properly measured and controlled in accordance with the Firm’s risk policies.

Responsibilities

• Key responsibilities of the group include credit analysis, documentation, risk identification, exposure monitoring and stress testing.
• Enterprise Data coordinates with credit management groups across institutional client businesses to ensure full alignment on business and regulatory goals, as well as consistency and best practices.
• The Counterparty Credit Risk (CCR) project execution team within Enterprise Data is responsible for building tools to: Provide in-depth quantitative or qualitative analysis to solve business problems and develop new, innovative solutions
• As a Product Developer working in CCR project team, individual will be expected to Lead strategic BAU and Regulatory projects primarily impacting Counterparty Credit Risk exposure measures for traded product markets business
• Develop and enhance tools for the measurement, monitoring and reporting of counterparty exposure including
• Stress testing - Net Stressed Exposure (NSE), Potential Future Exposure (PFE), Settlement Risk, Intraday risk and participate in project management of strategic risk infrastructure development.
• Work in close coordination with Front office sales & trading, in-business risk managers, second line risk managers and risk senior stakeholders.
• Manage end-to-end project/product development lifecycle, build book of work, scope releases, track business priorities, define business requirements and UAT strategy incorporating regulatory and compliance requirements.
• Perform data analysis, document as-is and to-be state, requirement gathering, draft BRDs, UAT and Impact analysis.
• Work with all stakeholders to fulfil the delivery objectives for effective, accurate and timely risk management and reporting.
• Partners with senior team members and a widely distributed global user community to define and implement solutions.
• Help track and address CCR data and methodology issues, develop weekly metrics and remediation plans for system enhancements.
• Work with technology to understand infrastructure gaps, systems, and data flows.
• Identify and document gaps and suggest improvements for target state build-out.
• Communicate key findings and issues to senior management and provide regular status updates.
• Create presentations and documents for internal and regulatory use on various topics spanning deliverables in respective areas.

Requirements

• 5+ years of experience in the financial industry and banking
• Direct experience in end-to-end project delivery, and knowledge of various analytical tools
• Understanding of financial market products – Derivatives (Bilateral & Cleared), Securities Financial Transactions (SFTs), Margin lending and Financing.
• Knowledge of counterparty credit risk concepts, data, system integration, and processes
• Understanding of counterparty exposure metrics – Net Stressed Exposure, Factor Sensitivities, Potential Future Exposure, Settlement Exposure, Intraday exposure

Excellent project management and business analysis skills

• Strong written and verbal communication skills with focus on stakeholder management
• Strong analytical and problem-solving skills with attention to detail Ability to work well with cross-functional teams from Business, Risk, Technology and Compliance Ability to collaborate and clearly communicate with senior members of an organization.
• Bachelor’s/Master’s degree in finance, technology, economics, or a related field preferred
• At Citi, you will work at the intersection of data, finance, and commercial strategy, contributing to decisions that have real impact across a global organization.

Benefits

• This role offers meaningful autonomy, cross-functional collaboration, and the opportunity to grow your analytical and governance expertise within a high-performing team.
• A hybrid working model with 3 days in the office and 2 days working remotely, giving you flexibility alongside team connection.
• Exposure to complex, high-value commercial and financial decisions that directly shape vendor strategy at a global scale.
• Access to learning and development resources that support your growth in data analytics, financial governance, and emerging technologies.
• The opportunity to work across finance, sourcing, and technology functions, broadening your professional network and cross-functional expertise.
• Wellbeing support and work-life balance initiatives designed to help you perform at your best.
• Competitive financial benefits and a rewards package aligned to your experience and contribution.
• If you are a highly motivated, results-oriented individual with a passion for data quality projects, we encourage you to apply! #LI-OD1 ------------------------------------------------------ Job Family Group: Product Management and Development ------------------------------------------------------ Job Family: Product Development ------------------------------------------------------ Time Type: Full time ------------------------------------------------------ Most Relevant Skills Please see the requirements listed above. ------------------------------------------------------ Other Relevant Skills For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------ Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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