ICM | Citi Jobs


Company Name: Citi
Company Website: jobscastle.net
Job Type: Full-time
Job Location: New York, NY
Job Posted Date: 20-04-2023
Posted on: jobscastle.net

Job’s Overview:

Citi is seeking a ICM in New York, NY. Please take a moment to read the job post below if you are interested:

Job Id: 22595795

Job Purpose:

Individual will work as part of Counterparty Exposure (CPE) team under the global Institutional Credit Management (ICM) group and be responsible for measuring, monitoring, and controlling counterparty risk for institutional clients. The role is focused on developing counterparty risk models and analyzing portfolios and businesses to ensure the risks are being properly measured and controlled in accordance with the Firm’s risk policies.

Job Background/Context:

Institutional Credit Management (ICM) is a critical component of Citi’s First Line of defense for wholesale and counterparty credit risk management and works with Independent Risk teams to ensure best-in-class risk and controls, as well as client responsiveness. Key responsibilities of the group include stress testing, exposure monitoring, risk identification, credit analysis, and documentation. ICM coordinates with credit management groups across ICG businesses to ensure full alignment on business and regulatory goals, as well as consistency and best practices where appropriate.

Key Responsibilities:

  • Develop and enhance tools for the measurement, monitoring, and management of counterparty exposure including PFE, stress testing, risk capital, and wrong way risk
  • Actively liaise with sales & trading, CVA, and market risk managers to ensure comprehensive coverage of counterparty and liquidity risk measures across all derivatives and financing products
  • Closely work with Quantitative risk and Markets analytics teams, Technology, and Model Validation groups on CCR model development and evolution of CCR models to address new products or risk areas
  • Work with business managers and In-Business Risk teams on margin model development, new product approvals, and real-time monitoring and controls
  • Monitor client portfolios to ensure that risks are controlled – primarily credit risk arising from market sensitive exposure and liquidity risk, but also documentation, legal, and reputational risks
  • Perform daily and weekly risk analysis and reporting on existing client portfolios as well as customized risk analysis on new client portfolios
  • Communicate key findings to senior management and act as the chair for CCR and in-business risk forums as appropriate
  • Put together presentations and documents for internal and external use on various topics including functions of the Risk Group, stress methodologies, and risk issues
  • Analyzing control environment including periodic review of the control environment, vetting of new systems, processes, policies, and procedures related to market and/or credit risk

Developmental Value:

  • The team is new giving opportunity to expand the role as the function grows
  • Learn about risk management and Financing products more broadly
  • Influence the strategic direction of the Bank from a risk management perspective
  • Build solid market/credit risk experience as we use cutting-edge risk models and techniques

Preferred Knowledge and Experience:

  • Experience with managing market or credit risk OR training in finance, mathematics, or quantitative fields
  • Relevant market risk experience across multiples asset classes including rates, equities, credit and commodities
  • Experience in working on large scale risk technology projects and/or model development


  • Strong analytical skills with good attention to detail and a demonstrated aptitude for tackling analytical issues through quantitative modelling and assimilation of data into a working product
  • Large scale project management skills spanning risk and technology
  • Ability to work well with cross-functional teams from Business, Credit, Operations, and Compliance
  • Strong written and verbal communication skills
  • Sound risk and business judgment
  • Stress testing skills and instrument modelling skills desirable
  • Strong Excel skills ideally incorporating VBA (Visual Basic for Applications)
  • Programming skills in Python, R or other statistical languages is a plus


  • Bachelor’s/University degree in mathematics, science, finance, economics, or a related field required


  • Good communicator
  • Entrepreneurial
  • Strong analytical skills
  • Strong problem-solving abilities
  • Excellent written and oral communication skills
  • Ability to work independently as well as in a team environment


Job Family Group:

Risk Management


Job Family:

Business Risk & Controls


Time Type:

Full time


Primary Location:

New York New York United States


Primary Location Salary Range:

$125,540.00 – $188,310.00


Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries (“Citi”) invite all qualified interested applicants to apply for career opportunities. 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.

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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Getting the ICM designation comes with some responsibilities. It would be a wise idea to take a few minutes to learn more about it so you can make an informed decision.

Applicants must meet the above-mentioned requirements in order to qualify for consideration to work as a ICM .

By clicking on the apply now button, you will be redirected to the official recruitment website where you can fill out your application.