Citi is seeking a highly experienced Business and Data Analysis Lead to play a pivotal role in the firm-wide implementation of the Fundamental Review of the Trading Book (FRTB) Internal Model Approach (IMA). This is a leadership position for a subject matter expert who will bridge the gap between complex regulatory requirements, quantitative modeling, and technology execution.
This individual will be the central authority on business requirements and data analysis for our most critical risk calculations, ensuring that the sophisticated models for Expected Shortfall, Non-modelable Risk Factors, and Historical VaR are built on a foundation of complete, accurate, and well-understood data, perfectly aligning with regulatory intent. This new delivery of FRTB IMA is a significant regulatory initiative requiring specialized expertise to translate complex business requirements into robust technical solutions.
Responsibilities:
As the lead Business Data Analysis expert, this individual will be the primary driver for defining the "what" and "why" behind our risk calculation systems. They will immerse themselves in the intricacies of FRTB IMA, Internal Risk Management VaR, and Stress Testing methodologies, translating them into precise specifications that our quantitative and technology partners will build upon. Their expertise will ensure the integrity and accuracy of the entire risk calculation framework. By leading the analysis and defining the data strategy, they will be directly responsible for the conceptual soundness of the solutions, guaranteeing they are not just computationally efficient but also robust, defensible, and fully compliant with regulatory standards.
Key Responsibilities include:
- Acting as the lead Subject Matter Expert (SME) for Market Risk regulations, primarily FRTB IMA, translating dense regulatory text into clear business and data requirements.
- Authoring detailed business and functional requirement documents, specifying the logic for risk calculations, data transformations, and reporting.
- Defining the end-to-end data strategy, including sourcing, lineage, quality controls, and validation rules for all required market and trade data.
- Performing deep-dive data analysis using SQL, Python (e.g., Pandas), or other tools to identify data gaps, resolve inconsistencies, and ensure data integrity.
- Leading the collaboration between senior stakeholders in Risk Management, Front Office, Quantitative Analytics, and Technology to ensure alignment and clear communication.
- Designing and overseeing User Acceptance Testing (UAT) strategies to validate that the system implementation meets the defined business objectives.
- Developing and maintaining comprehensive documentation for business processes, data flows, and system logic.
Qualifications:
- Excellent knowledge of financial products and market risk domain
- 12-15 years of experience
- Proficiency in MS Office (Word, Excel, Visio, PowerPoint) with extensive experience using Excel for data analysis
- Experience with all phases of Software Development Life Cycle
- Comprehensive knowledge of the principles of business analysis
Education:
- Bachelor's degree/University degree or equivalent experience
- Master's degree preferred
- CFA and FRM are plus
- Analytical modelling of Market risk Var Methodologies.
- Thorough understanding of financial products
- Exposure to Use case methods
- Articulation/ Written and verbal communication.
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Job Family Group: Technology------------------------------------------------------
Job Family:Business Analysis / Client Services------------------------------------------------------
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.------------------------------------------------------
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Skills Required
- 12–15 years of professional experience
- Excellent knowledge of financial products and the market risk domain
- Proficiency in Microsoft Office, including Word, Excel, Visio, and PowerPoint
- Extensive experience using Excel for data analysis
- Experience with all phases of the Software Development Life Cycle
- Comprehensive knowledge of business analysis principles
- Bachelor’s or university degree, or equivalent experience
- Master’s degree
- CFA certification
- FRM certification
- Experience with analytical modeling of market risk VaR methodologies
- Thorough understanding of financial products
- Exposure to use case methods
- Strong written and verbal communication skills
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 — Health coverage is presented as comprehensive, including free in-network preventive care, mental-health resources, and the Be Well Program. Materials also state new hires have access to health and insurance benefits from the outset.
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Retirement Support — The retirement plan offers a $1-for-$1 match up to 6% of eligible pay. New employees are eligible for the plan, with automatic enrollment after 90 days if they do not enroll themselves.
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Inclusive Benefits Coverage — Benefits highlight fertility treatment coverage, adoption/surrogacy reimbursement up to $30,000, and disability coverage. Coverage extends to spouses and domestic partners regardless of gender identity or sexuality, with gender-affirming care-related support noted.
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