Investment Product Risk Intermediate Analyst (Hybrid)

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Citi's Risk Management organization oversees Citi's risk governance framework and risk appetite, ensures all risks generated by the firm's businesses are measured, reviewed, and monitored on an ongoing basis.

Overview:

Investments and Fiduciary Risk Management (IFRM) is a unit within Independent Risk Management at Citi and is responsible for overseeing customer suitability and fiduciary risks associated with the distribution and management of investment and insurance products, primarily for individual clients.

IFRM's coverage spans across the Wealth and the Markets divisions of Citi. Citi Wealth (which is the primary focus of this role) covers Citi Private Bank, Wealth at Work and CitiGold/Citi Private Client business.

IFRM's scope of product coverage includes all investment and insurance products intended for individual investors - including alternative investments (i.e. hedge funds, private equity funds, real estate funds), traditional investments (i.e. mutual funds, managed portfolios and ETFs), capital markets (i.e. equities, debt, derivatives, structured products) and insurance.

The candidate should be knowledgeable about investments products, including sustainable investing, and issues that impact the clients and the firm. IFRM professionals are expected to keep abreast of developments in the wealth management industry, including the sustainable investing, macroeconomic environment, and the financial markets. Emphasis will be placed on determining the suitability of products for clients.

We're currently looking for a high caliber professional to join our team as Officer, Investment Product Risk Intermediate Analyst - Hybrid (Internal Job Title: Invest Prod Risk Intmd Analyst - C11) based in Mumbai, India. Being part of our team means that we'll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:

• Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.

• We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That's why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.

• We empower our employees to manage their financial well-being and help them plan for the future.

• Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.

• We have a variety of programs that help employees balance their work and life, including generous paid time off packages.

• We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.

In this role, you're expected to:

This role will report to and support the IFRM EMEA Head. They will be helping IFRM EMEA Head in overseeing the distribution of investment products and services across the Citi Global Wealth business in the EMEA region. IFRM professionals are involved in multiple aspects of offering investment products to individual investors - from business oversight and risk controls to new product approval and ongoing portfolio/ product monitoring. In this capacity, they will liaise closely with these businesses, offer guidance and challenge the business with regards to the suitability and fiduciary risks and monitor these risks as it pertains to the business's activity. Developed communication, technical analysis, and diplomacy skills are required as the successful candidate will be expected to build strong relationships with both business and control function counterparts.

They will also support IFRM EMEA Head in covering multiple aspects of sustainable investing (incorporating Environmental, Social and Governance (ESG) aspects) and overseeing Citi Global Wealth's implementation of its global sustainable investment platform and the regulatory framework impacting ESG investing. They must understand the confluence between sustainable risks and suitability and fiduciary risks.

This is an opportunity for the right individual to align their career with Citi's growing wealth management business, to become involved in a wide variety of intellectually stimulating and challenging issues on a day-to-day basis and to collaborate with a diverse group of colleagues at the top of their profession in order to deliver risk-managed results for Citi.

Responsibilities

• Assist in organizing and analyzing intelligence on the positioning and activity within the aggregated portfolio of Citi clients across businesses to identify potential investment product risk issues.

• Facilitate meetings between IFRM and the business to review aggregated portfolio and client activity data and identify business risk issues.

• Day-to-day coordination and oversight of the covered business in the implementation of the firm's suitability risk management framework, particularly in the context of local regulation.

• Monitoring and identifying suitability risk

• Track instances of non-adherence to the firm's investment sales and suitability risk management framework/ policy

• Keep abreast of ESG related regulatory changes, new regulations, and internal policy changes through participation in various forums, including industry working groups, to develop an understanding of changes to the sustainability landscape.

• Monitor and analyze various ESG data to track trends and potential risks.

• Prepare materials for periodic presentations to Citi senior management, regulators, and other constituents.

As a successful candidate, you'd ideally have the following skills and exposure:

Education and Experience:

• 4+ years of relevant work experience, preferably in or around wealth management or asset management.

• Bachelor's/University degree in finance, economics, or related field.

• Candidates with experience or background in Insurance or Wealth Management is a must.

• Knowledge of investment products and demonstratable investment analytical capabilities.

• Knowledge of sustainable/ESG investing in wealth management industries.

• Knowledgeable in major global environmental and sustainability trends.

Competencies:

• Excellent analytical and detail-oriented skills for breaking down complex data.

• Attention to detail to manage and deliver large volumes of accurate information.

• Strong organizational and project management skills for planning, prioritizing, and driving tasks to completion.

• Relationship-building and collaboration skills for networking and team dynamics.

• Effective written communication and presentation skills for clear idea conveyance and creating user-friendly presentations.

• Proficiency in Microsoft Excel and PowerPoint for creating spreadsheets, charts, and presentations.

• Problem-solving and data analysis skills for managing control issues and interpreting financial risk management data.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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Job Family Group:

Risk Management

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Job Family:

Investment Product Risk Management

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Time Type:

Full time

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