Portfolio Management and Analytics VP/Director

Portfolio Management And Analytics VP/DirectorWorking at Citi is far more than just a job. A career with us means joining a team of approximately 219,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact.Job OverviewPortfolio Management & Analytics is the risk-management team within Front Office that oversees all risk-taking and trading activities globally for the Commodities business (Energy, Metals, Ags, etc).

We analyze and opine on the risk associated with any new significant transaction and all risks aggregated at the portfolio level. Our aim is to 1) prevent significant losses and create a culture of no-surprise by assessing thoroughly all risk types and challenging trading desks' views, 2) enable risk-taking for new trade types and optimize risk allocation at the portfolio level (VaR, RWA, etc), 3) produce deep-dive analysis on key and complex risks for management awareness and that can lead trading to change their risk-management approach and 4) create best-in-class risk reports and fully map P&L to risk. We produce highly visible and sought-after analysis and opinion for traders, trading heads and senior management of the Commodities business and the wider firm; our approach is data-driven as well as qualitative.We are looking for someone to join us at a mid-senior level to work in our NA Power, Gas and Emissions team, based in Houston with a focus on our more complex and structured transactions (hedging strategy backtesting, stress-testing, etc).

This is an ideal role for someone looking to leverage their technical background to build a solid expertise in risk-management; alternatively someone with a strong risk background seeking direct exposure and ability to impact the commercial side of the business.Key responsibilities:Assess the risk for new trade types (new underlying, new payout, unusual size, etc but especially complex and structured transactions) by using existing tools or developing new analytics (backtesting, etc); determine parameters to stay within risk appetite and stress associated hedging strategyEnsure trading performance is within agreed risk framework and take required action such as tweaking risk allocation, stopping traders out, etc.Produce reports that properly reflect risk and performance; articulate drivers behind those risk and performance.Create a strong rapport with traders by helping them understand risk and p&l in their books and at the same time by challenging their market views and positioning.Communicate on emerging risk themes and escalate pressing matters with senior management.Work with Quants and Tech to keep improving the trading platform and analytics.Work with the In-Business Risk group which aggregates and reports risks and performance from a front-office perspective for the Global Head of Markets.Knowledge, skills and experience required:Degree in a quantitative or financial disciplinePrevious experience in a quantitative or risk functionKnowledge and experience in NA Power, Gas and Emissions market a mustKnowledge of financial instruments and risk metricsQuantitative skills including mathematics involved in risk estimation and modellingExcellent written and verbal communication skillsMust be a self-starter, lateral thinker, flexible, innovative and adaptiveAbility to work collaboratively at all levels of the organization as well as ability to challenge status quoExcellent written and verbal communication and interpersonal skillsExcellent project management and organizational skills and capability to handle multiple projects at one timeProficiency in programming languages such as Python etc is a plusThis job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.