Market Risk Manager, AVP (Hybrid)
Citigroup · Hong Kong
The APAC Equity Market Risk Manager (Assistant Vice President) is a seasoned professional role responsible for measuring, monitoring, and analyzing market risk exposures for the APAC Equities business. This specific role has the primary coverage on Cash Equities and Prime Business (with Delta One).
Applies in-depth disciplinary knowledge and quantitative techniques to evaluate complex portfolio dynamics across regional markets. Integrates subject matter expertise in equities trading, financing, and market risk methodologies to stay close to the market, tracking daily market movements, risk sensitivities, and P&L drivers in order to perform rigorous risk analysis (e.g., bespoke stress testing and scenario analysis). Evaluates complex and variable risk issues with substantial potential impact, delivering actionable risk opinions and credible, constructive risk challenge to the front office. Regularly supports senior risk managers in critical decision-making, including risk limit calibrations, remediation of limit excesses, and non-standard trade approvals. Strong communication, diplomacy, and analytical skills are required to navigate trading desk interactions and articulate risk profiles effectively.
Responsibilities:
- Stay close to the market by actively monitoring daily market risk exposures, market developments, and P&L drivers across APAC Cash Equities and Prime books
- Work with trading desks to ensure that all relevant equity risk factors are properly identified and captured in official risk systems
- Perform quantitative risk analysis and portfolio evaluations utilizing Historical Simulation VaR, Stressed VaR (SVaR), Expected Shortfall, and granular sensitivity/Greek metrics (E.g. delta, dividend, borrow, etc)
- Provide proactive, credible risk challenge to trading desks and front-office partners regarding outsized risk concentrations, basis risk, liquidity constraints, and trading strategies
- Assist senior risk managers in evaluating, structuring, and approving non-standard transactions, complex derivatives, and bespoke client financing arrangements
- Conduct risk limit monitoring, investigate limit breaches, and coordinate with trading desks on timely limit excess remediation and escalation
- Participate in the design, development, and execution of business-level stress testing and scenario analysis that properly considers regional market shocks, liquidity shortfalls, and concentration risks; review results and recommend follow-up actions
- Facilitate high-quality risk reporting and analysis to provide transparent, independent risk insights for senior risk committees and management
- Utilize Python and data analytics tools to automate risk reporting pipelines, enhance data analysis, and support portfolio risk modeling
- Participate in the ongoing development, implementation, and upgrade of core market risk systems and quantitative risk infrastructure
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding the firm, its clients, and assets by driving compliance with applicable policies, laws, and regulations, applying sound ethical judgment, and escalating control issues with transparency
Qualifications:
- 3-5 years relevant experience in market risk management, quantitative risk analytics, or equity derivatives/prime/cash trading floor support
- Strong understanding of APAC Equities markets, with specific familiarity in Cash Equities and Prime Business (with Delta One)
- Proficient quantitative skills and practical knowledge of risk methodologies (Historical Simulation VaR, SVaR, Expected Shortfall, stress testing, and Greeks: Delta, Dividend, Borrow, etc
- Proficient in Python for data manipulation, risk analytics, and automation; strong SQL and advanced MS Office skills (Excel/VBA)
- Proven ability to perform deep data and P&L analysis, formulate independent risk opinions, and provide credible challenge to front-office stakeholders
- Excellent written and verbal communication and diplomacy skills, with the ability to articulate complex quantitative concepts to various levels of seniority
- Excellent project management, organizational, and problem-solving skills with capability to handle multiple priorities in a dynamic trading floor environment
- Professional certifications such as FRM or CFA are an advantage
Education:
- Bachelor’s/University degree in a quantitative or financial discipline (e.g., Finance, Financial Engineering, Mathematics, Statistics, Economics, Computer Science, or Engineering) or equivalent experience
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Market Risk------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Analytical Thinking, Credible Challenge, Governance, Policy, Procedure, and Regulation, Portfolio Analysis, Risk Management Lifecycle.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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