NAM & Latin America Head of E-Trading Risk & Controls (Director)

Citi Global Markets provides world-class solutions and an unmatched global presence. We serve corporates, institutional investors and governments from trading floors in almost 80 countries. The strength of our underwriting, sales and trading and distribution capabilities span asset classes (Commodities, Equities, Rates, Spread Products) and currencies, providing us with an unmatched ability to meet the needs of our clients.

Team Overview

E-Trading Risk and Controls (ETRC) is a First-Line risk team which is part of the Global Markets COO function. ETRC works with Global Markets E-Trading businesses, CAOs and second-line functions to implement the E-Trading Risk Framework. Key responsibilities include:

• Governance and oversight of E-Trading businesses across Markets, which includes annual attestation/review of key E-Trading documentation, and Market Access Rule in the US (MiFID II Annual Self-Assessment in EMEA).
• Co-ordination with the E-Trading businesses of the Manager Control Assessment i.e. RCSA
• Project management of key markets-wide E-Trading initiatives and remediation of corrective actions arising from Regulatory and Internal Audit findings.
• Real-time monitoring of Citi’s algorithmic trading activities for signs of disorderly trading.
• Design, deliver, and maintain Market’s E-Trading Controls, such as Citi’s gold-source repository for E-Trading Strategies (algorithms)/Applications and the E-Trading limits management system.
• Lead reviews by global banking and securities regulators, Compliance testing, and Internal Audit of E-Trading business, including preparing of responses to findings and corrective action plans (as needed).

Responsibilities

This is a senior role within the ETRC team that will report into the Global Head in London.

The role will entail managing the NAM & Latin America ETRC team, liaising with Regulators, Internal Audit and Senior Management within Global Markets, Technology and Second Line functions, as well as representing ETRC in key E-Trading governance meetings.

The role also requires relevant experience in ensuring compliance with E-Trading regulatory requirements, namely MAR (15c3-5), as well as supporting and contributing to the enhancement of the E-Trading related risk control framework, through strategic control enhancement projects. The role therefore has a critical part to play in ensuring best business practice, as well as meeting the expectations of Regulatory bodies.

Key Responsibilities of the NAM & Latin America Head of ETRC:

• Lead the NAM & Latin America ETRC team and manage their day-to-day activities.
• Manage and perform (when required) Real-Time Monitoring (RTM) for the NAM & Latin America region and review any escalations to management and second line where necessary.
• Oversee of the completion of the Market Access Rule certification.
• Oversee the design and operation of the E-Trading Manager Control Assessment (i.e. RCSA) for ETRC and Markets.
• Represent ETRC in periodic meetings with Regulators, External and Internal Audit functions and managing queries from these stakeholders.
• Represent ETRC in the E-Trading Risk Management Committee, as well as preparing materials for E-Trading updates to key management committees and board meetings.
• Review NAM & Latin America related E-Trading regulatory guidance to ensure compliance.
• Oversee and project management of key E-Trading initiatives and remediation of Markets enhancement projects for the NAM & Latin America region.
• Provide expert guidance to the Businesses with respect to the E-Trading Governance framework and represent ETRC at Product Level Governance forums.
• Develop and manage senior relationships within the NAM & Latin America E-Trading Businesses (Rates, Spread Products and Equities), Technology, Risk and Compliance functions.
• Development and coaching of the NAM & Latin America team.

Qualifications:

• 15+ years’ experience in financial services; experience in E-Trading is required, including managerial experience
• Extensive knowledge of E-Trading regulation (e.g. MAR (15c3-5), MiFID II RTS 6, SR 7-11) and guidance (e.g. PRA SS5/18).
• Extensive experience in managing a regional team and leading in a co-operative and collaborative working environment
• Excellent attention to detail when reviewing work papers.
• Proven manager and leader to be able to motivate and further develop the existing team.
• Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary.
• Tenacious hands-on problem-solving skills
• Excellent project management skills, with the ability to balance short-term and medium-term remedial action
• Proven ability to proactively manage and resolve conflict and effectively defend decisions with objective rationale

Education:

• Bachelor’s/University degree or equivalent experience, potentially Masters degree and managerial experience

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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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