Job Description
The Global Head of E-Trading Risk Management provides senior leadership over the complete range of independent Second Line of Defence (2LoD) Risk Management oversight for the firm's electronic and algorithmic trading activities. Operating with an enterprise-wide remit, the function develops the E-Trading risk framework and oversees firm-wide adherence to E-Trading policies and standards, working collaboratively across all risk stripes and with Independent Compliance Risk Management (ICRM). Primary business coverage is centered on the Markets trading businesses. The role builds and maintains credible relationships with senior management and regulators, and requires the ability to influence senior leaders and deliver concise, strategic communications on complex technical risks to executive committees.
Key Responsibilities
● Partner across independent risk stripes and ICRM to govern and refine a unified, best-in-class E-Trading risk framework.
● Own, govern, and continuously refine the firm's E-Trading risk framework, policies, and standards.
● Influence, advise, and challenge senior business, Risk, Compliance, and Technology leaders to drive robust risk management on a global basis.
● Distill complex technical, quantitative, and algorithmic trading risks into clear, actionable messages for executive committees, the CRO, and the Board.
● Oversee 2LoD’s ongoing assessment of business E-Trading implementations, ensuring consistent application and prioritised effective risk mitigation.
● Direct and develop a global team of specialized E-Trading risk professionals, aligning team capabilities and coverage with the firm's electronic trading footprint.
● Serve as the primary 2LoD representative for E-Trading risk with global regulators.
● Provide independent 2LoD challenge on E-Trading activities, pre-/post-trade controls, kill-switch standards and system implementations.
● Perform critical assessments across the development, testing, and deployment of E-Trading systems, strategies and associated preventative automated controls.
● Review, investigate, and challenge E-Trading incident root causes, trends, and read-across assessments including engagement with ICRM on potential conduct issues.
● Drive the strategic roadmap for E-Trading risk analytics, developing KRIs, real-time monitoring, and reporting tools, leveraging AI/ML and automation.
● Identify emerging E-Trading risks from AI, ML, and cloud-based execution platforms, factoring them into policy.
Qualifications
● Exceptional written and verbal communication, distilling complex concepts into concise, compelling messages for senior stakeholders.
● Proven ability to influence and credibly challenge MDs and senior Business Heads.
● Strong track record of building consensus across risk, compliance, business and technology teams.
● 10-15+ years of related financial services experience, with significant focus on electronic and algorithmic trading or trading risk management.
● Demonstrated leadership of highly technical, specialized risk or quantitative teams in a global organization.
● Multi-asset knowledge (Equities, Fixed Income, FX, Commodities), market structure, and automated execution platforms.
● Strong understanding of electronic trading system architecture, including market data, order routing, matching engines, and pre-/post-trade controls.
● Familiarity with system design and build issues, including QA best practices, change management control, data governance, time-stamping and operational resilience; conceptual understanding of programming and quantitative modeling advantageous.
● Thorough understanding of, and ability to ensure adherence to, the regulatory frameworks governing electronic and algorithmic trading.
● Extensive experience with risk governance committees and interaction with auditors and regulators.
● Bachelor's degree in a quantitative or technical field (e.g., Mathematics, Physics, Computer Science, Engineering).
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Market Risk------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Analytical Thinking, Credible Challenge, Governance, Policy, Procedure, and Regulation, Portfolio Analysis, Risk Management Lifecycle.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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— Michael L. Corbat, CEO
| Workplace Initiatives | |
| Program for parents returning to work after Parental Leave? | Yes- Open for vacancies in November 2019 |
| Leadership development programs? | Yes |
| Mentoring programs? | Yes |
| Coaching programs? | Yes |
| Employee-led diversity networks? | Yes |
| Internal women’s networking groups? | Yes |
| Open to discussing flexible work arrangements at interview stage? | Yes |
| No. of weeks paid maternity leave at full salary: | up to 26 weeks |
| Minimum weeks tenure required to be eligible for paid maternity leave: | 26 weeks |
| No. of weeks paid paternity leave at full salary: | 2 weeks |
| Minimum tenure required to be eligible for paid paternity leave: | 26 weeks |
| Workplace Initiatives | |
| Gender pay gap reporting information 2017 (UK): | |
| Average pay gap: | 43.50% |
| Median pay gap: | 32.00% |
| Average bonus gap: | 71.60% |
| Median bonus gap: | 71.40% |
| Signatory of the UK Women in Finance Charter? | Yes |
| Targets to raise the number of women in leadership? | Yes |
| Targets to raise the number of BAME individuals in leadership? | Yes |
| Listed in the Bloomberg Diversity & Inclusion Index? | Yes |
Returner Programme
The Citi Returner Programme is a supportive hiring programme, designed to help you transition from a career break into a career within financial services. You may have worked in the finance sector, the tech sector or another industry all together! We value your knowledge, skills and experience, regardless of how and where you have developed them. We believe that hiring people from different backgrounds with diverse perspectives brings advantages to our teams.
The programme will start in January 2020 and Returners will benefit from a structured and in-depth induction to help them transition successfully back into the workplace, followed by a tailored programme of professional development and learning delivered over a period of 15-18 months, dependent on the role and career pathway.
Returners will undertake professional qualifications as part of the programme and enjoy the benefits of being part of a supportive cohort. Citi recognises the importance of flexible working arrangements and is happy to explore these with you.
Eligible candidates will –
• Have been on a career break for at least two years
• Be looking to start the next phase of their career in financial services, in a range of roles, including operations and technology
• Demonstrate natural curiosity and be motivated to learn new skills
• Exhibit excellent leadership and communication skills
The returner programme will be open for applications on the 1st September 2019.