Banamex - Market Risk 1LOD Sr. Manager - C13 - CIUDAD DE MEXICO

Individuals responsible for establishing, executing and monitoring market risk related policies and procedures relevant to the businesses with Market risk exposures. Includes measuring, monitoring and analyzing the organization’s market risk exposure on a day-to-day and long-term basis for various financial products. Market risk pertains to potential loss due to market movements such as changes in interest rates, equity prices, credit spreads and foreign exchange rates. Individuals monitor trading limits and are responsible for approving transactions over certain established limits. Work with traders or trading management and recommend actions to mitigate risk. Responsible for monitoring and analyzing the organization’s risk exposure by understanding the risks and rewards of the Citi products.  Structures solutions to mitigate risks of those products. Build analytics to help trading businesses monitoring Tier 0/1 market risk limit usages, and act as a delegate to monitor these limit usages.

Responsibilities: 

• Understand the firm's overall market risk appetite & comprehend the key financial risks and their impacts.
• Participate in regular reviews of limit usage, identify potential excesses, and support necessary actions to mitigate risk, in alignment with 1st Line of Defense roles and responsibilities.
• Support trading businesses in the identification, evaluation, and monitoring of material market risks, analyze market trends to develop a forward-looking view of material, concentrated, and emerging market risks.
• Enhance risk monitoring, control, and governance processes within the business; foster a mindset of continuous improvement to drive enhancements.
• Effectively evaluate risk when business decisions are made, prioritizing the firm's reputation and the protection of Citigroup, its clients and assets.
• Ensure compliance with relevant laws, rules and regulations, adherence to policy, applying ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues in a transparent manner.

• Energizes the team by communicating a compelling vision of the future; helps them identify opportunities for change and improvement during uncertainty.
• Inspires the team to constantly improve, own mistakes, and proactively share learnings with other teams; demonstrates deep curiosity to help the team learn and improve.
• Creates a team environment in which members are proactively invited to speak up, seek out, and debate alternative views; role-models agility to change course when presented with new information.
• Acts as a catalyst for change by identifying and championing ideas that benefit the organization; supports the team to safely experiment.
• Communicates the context behind key organizational decisions; puts the enterprise above the team, and helps the team make decisions that benefit the greater good
• Creates focus by communicating and aligning resources to the most critical organizational priorities; proactively reduces potential distractions for the team.
• Proactively identifies and acts on opportunities to manage risk through streamlining processes, eliminating redundancies across teams, and reducing over-customization.
• Leads teams to strengthen controls that support client satisfaction and operational effectiveness; creates a culture in which all team members take accountability for managing risk.
• Guides the team in solving complex business challenges by taking time to gather data, uncover root causes, and identify sustainable solutions.
• Leads teams to continuously raise expectations; inspires them to exceed performance goals and deliver the best possible work.
• Role-models, educates, and holds the team accountable for doing the right thing for clients and Citi, in all situations, even when difficult
• Holds self and team accountable for establishing partnerships that break down boundaries and engage cross-functional partners early and often; creates opportunities for enhanced collaboration across business and functions.
• Reinforces opportunities for team members to support clients and communities; educates teams on the challenges faced by Citi’s constituents.
• Creates a flexible and engaging work environment in which employees can achieve work-life balance and people of diverse backgrounds and styles can thrive; lives by example.
• Proactively seeks out and champions diverse talent for critical roles; is intentional in taking action to ensure all team members are treated in a fair and equitable manner.
• Actively monitors and listens respectfully to how teams are feeling, particularly when facing challenges; assumes best intent and responds with empathy

• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of teams and create accountability with those who fail to maintain these standards

Qualifications: 

• 6-10 years of experience in related role, such as trading, structuring, or market risk
• Deep and strategic understanding of market risk concepts, including nuanced aspects of market movements, interest rate changes, equity prices, credit spreads, and foreign exchange rates.
• Demonstrated experience in measuring, monitoring, and analyzing an organization's market risk exposure, both daily and long-term, across a wide variety of financial products.
• Expertise in managing trading limits.
• Comprehensive understanding of the risks and rewards associated with Citi products and the ability to develop innovative and strategic solutions to mitigate these risks.
• Extensive experience navigating regulatory frameworks, with a proven ability to strategically adapt to rapidly changing market conditions and regulations.
• Comprehensive knowledge of financial instruments and markets, and risk metrics.
• Must be a self-starter, flexible, innovative, and adaptive with strong attention to detail
• Analytical and problem-solving skills including data analysis including data analysis: Python, SQL and Tableau are highly preferred.
• Ability to identify, assess, and mitigate potential risks in the financial market.
• Proficiency in making informed and timely decisions about risk management.
• Familiarity with financial regulations and standards is necessary.
• Proficiency in risk management systems.
• Ability to work collaboratively with people at all levels of the organization and navigate a complex organization.
• Excellent written, verbal, and communication skills.

Education: 

Bachelor's/University degree, Master's degree preferred

We are seeking a highly skilled financial expert to join our team as a Risk Manager. The ideal candidate will have in-depth knowledge of financial products, risk management, and regulatory requirements for Mexican pension funds. In addition, the candidate should be an expert in risk management metrics such as VaR, CVaR, liquidity, CVA/DVA, as well as financial mathematics, stochastic control, probability, statistics, and Machine Learning models. The candidate should have experience working with Python/R and have excellent communication skills to converse with senior management. The ideal candidate should also have skills for model risk management and governance. CFA/FRM qualifications are desirable.

Responsibilities:

• Develop, implement, and maintain risk management policies and procedures.
• Analyze and evaluate financial products, including bonds, forwards, futures, and options.
• Ensure compliance with regulatory requirements for Mexican pension funds.
• Develop and maintain risk management metrics such as VaR, CVaR, liquidity risk (financial and liabilities obligations), CVA/DVA.
• Develop and implement risk mitigation strategies.
• Develop and maintain stochastic control models and other financial models.
• Develop AI/ML models for client segmentation and strategic planning.
• Be an expert in financial models such as Black-Scholes, Black-Litterman, Mean Variance Optimization, Monte Carlo Simulation, and numerical analysis.
• Conduct scenario analyses and stress testing on portfolio holdings to assess potential risk and returns.
• Prepare reports and presentations on risk management and investment strategies under supervision.
• Collaborate with other departments, such as trading, operations, and compliance, to ensure that the risk management framework is integrated into all aspects of the business.
• Have basic knowledge in P&L explained.

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