The Derivatives Credit Risk Technology Team is responsible for delivering Counterparty Credit Risk Management software solutions to Citi’s Risk organization which manages Citi’s exposure to financial institutions, governments and corporates that trade with Citi. The team builds and maintains software used to compute metrics that help mitigate Citi’s exposure to counterparty default. These include computation of optimal Margin Allocation for Portfolios and Trades, Haircut for Security and Cash Collateral, Trade and Collateral Liquidity, Collateral Concentration Levels and Wrong Way Risk, amongst others.
Key Responsibilities:
Liaise with stakeholders across the Risk and Front Office Technology, Counterparty Risk Management, Finance and Front Office business organizations, and external Market Regulators to assemble business requirements for Counterparty Risk Technology projects.
Manage expectations of various stakeholder groups and help negotiate solutions to complex problems.
Project manage complex Counterparty Credit Risk projects end to end. Accurately record, maintain, and report Program/Project management tracking data such as milestones via Citi’s internal project tracking systems.
Help assemble/manage detailed documentation covering Counterparty Risk calculations and other processing, to be used to discuss technology implementation details with the Business users and Market Regulators in various countries/regions. Create flow diagrams, structure charts, and other types of system or process representations when appropriate.
Facilitate and drive project meetings with both business and technology teams.
Develop and review test scripts with business users as well as technology teams for System, User and Impact testing.
Leverage AI tools to create, refine, and enhance documentation, integrating them effectively into daily workflows to improve quality, efficiency, and productivity.
Understand, analyse, and explain counterparty mark-to-future exposures on Derivatives books to users. Investigate Potential Future Exposure/EPE/EAD/RWA and related calculations for internal risk management and BASEL regulatory capital reporting based on the exposure profiles generated by the systems.
Ability to trace changes in day to day exposures to changes in markets, books and or legal agreements.
Where feasible develop excel prototypes to demonstrate and analyse risk calculations.
Knowledge/Experience:
7+ years related experience in Business Analysis and Project Management in Capital Markets domain.
SDLC awareness including knowledge of quality issues in software development.
Excellent understanding of the mechanics and life cycle of derivatives products, including Options, Futures, Forwards and Swaps. Knowledge of Securities Financing Transactions (SFT) products an advantage.
Excellent understanding of Counterparty Credit Risk
Potential Future Exposure, Margin (ISDA MNA and CSA), Collateral Haircut, Liquidity and Period of Risk, Settlement Risk.
Understanding of Basel III/IV and any other relevant Risk Regulations and measures including PSE, RWA, EAD.
Knowledge of Market Risk an advantage including Credit Value Adjustment (CVA).
Extensive project management experience, including co-ordination across remote global teams.
Where required supervise day-to-day staff management issues, work allocation but especially mentoring/coaching.
Data Analysis capabilities (Database or Spreadsheet), with extensive experience using Excel required.
Competencies:
Excellent verbal and written English.
Ability to collaborate effectively in a large global team.
Ability to take ownership and proactively follow up on issues.
Ability to work well under pressure, to agreed and often challenging deadlines.
Strong organization skills.
Education:
Bachelor's degree/University degree or equivalent experience. Master's degree an advantage.
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Job Family Group: Technology------------------------------------------------------
Job Family:Business Analysis / Client Services------------------------------------------------------
Time Type:Full time------------------------------------------------------
Primary Location:Jersey City New Jersey United States------------------------------------------------------
Primary Location Full Time Salary Range:$129,840.00 - $194,760.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
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Most Relevant Skills Please see the requirements listed above.------------------------------------------------------
Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
Anticipated Posting Close Date:Jul 28, 2026------------------------------------------------------
Automated Processing and AIWe use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.
Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.
Illinois residents – AI Notice and Right
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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.
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 Citi’s EEO Policy Statement and the Know Your Rights poster.
Skills Required
- 7+ years experience in Business Analysis and Project Management in Capital Markets domain
- Awareness of SDLC and software quality issues
- Excellent understanding of derivatives mechanics and lifecycle (Options, Futures, Forwards, Swaps)
- Knowledge of Securities Financing Transactions (SFT) products
- Deep understanding of Counterparty Credit Risk concepts (Potential Future Exposure, Margin ISDA MNA and CSA, Collateral Haircut, Liquidity, Settlement Risk)
- Understanding of Basel III/IV and regulatory capital measures (PSE, RWA, EAD)
- Knowledge of Market Risk and Credit Value Adjustment (CVA)
- Extensive project management experience, including coordination across remote global teams
- Experience supervising or mentoring staff and managing work allocation where required
- Data analysis capabilities using databases or spreadsheets, extensive Excel experience required
- Excellent verbal and written English and strong organization skills
- Bachelor's degree or equivalent experience (Master's degree preferred)
Citi Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Citi and has not been reviewed or approved by Citi.
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Healthcare Strength — Benefits coverage is positioned as comprehensive, including health, dental, and vision insurance plus on-site clinics, prescription drug support, and disability coverage. Family-building support such as fertility assistance is described as a notable differentiator within the overall package.
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Retirement Support — Retirement benefits are framed as strong, highlighted by a 401(k) with matching and additional plan options like a Roth 401(k). Financial support is reinforced through discounts and broader financial guidance resources tied to the benefits ecosystem.
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Wellbeing & Lifestyle Benefits — Wellbeing support extends beyond insurance through programs like an Employee Assistance Program, counseling/legal resources, and gym or wellness reimbursement. These offerings increase the perceived total rewards value even when cash compensation sentiment varies by role.
Citi Insights
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