Head of Cross Asset CTR Trading & NAM Head of Cross-Asset XVA (Hybrid)
Citigroup
Counterparty Trading & Risk is a global business including XVA Trading, In-Business Credit Risk Management and Capital Management. XVA Trading is responsible for the pricing and management of credit, funding and capital implications across Citi’s full range of counterparties and asset classes. In-Business Credit Risk Management works closely with XVA Trading, Institutional Credit management (ICM) and Risk to continually monitor and manage counterparty risk and stress loss exposure through normal as well as crisis market environments. Our Capital Management team manages and optimizes Markets deployed capital, working in partnership with all product teams to meet our capital targets more efficiently.
**Job Overview:**
This New York-based Director/MD role will provide regional leadership for cross-asset Counterparty Trading & Risk and global leadership for cross-asset XVA initiatives. They will be responsible for the Cross Asset Central Secured XVA Volcker Desk and supervising NAM-based XVA trading desks across asset classes. The role will also be the Cross Asset Lead for Credit Risk CCAR, Resolution Planning, FRTB CVA and Capital Trading, and NAM lead for crisis management.
**Responsibilities:**
Supervise NAM-based desks which provide XVA, funding and capital pricing to sales and structuring desks and dynamically analyze and hedge risks.
Serve as regional Series 24 supervisor for NAM & LATAM Unsecured & Secured Rates & Currencies XVA desks, and Spread Products, Commodities and Equities XVA desks on a matrix basis, to ensure effective risk oversight and a strong escalation culture.
Use XVA trading expertise to manage Credit Risk CCAR, resolution planning and FRTB CVA outcomes, in partnership with XVA trading desk heads. Represent CTR on related governance meetings.
Lead CTR regional responsibilities including Crisis Management, given global desks heads are in London.
Partner with control functions, Markets Quantitative Analysis (MQA) quants and Technology to review calculations and ensure they are accurate. Ensure projects move forward and meet critical milestones.
Provide regular business updates to senior product management.
Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, Finance to ensure appropriate governance and controls.
**Knowledge/ Skills:**
Strong knowledge of derivatives and XVA trading concepts
Strong understanding of Basel RWA, CCAR and GSIB rules, stress testing
Ability to directly manage teams and influence cross-functional partners
Efficient written and verbal communications
Team player, strong reputation with sales & structuring teams
**Qualifications:**
10+ years of experience in XVA and complex derivatives trading, including capital management, ideally CVA/Funding/Capital including Rates & Currency
products
Strong team leader and culture carrier able to motivate diverse members across geographies, products and matrix reporting lines.
Proven ability to work in fast-paced, high-consequence environments
**Education:**
Quantitative degree preferred
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**Job Family Group:**
Institutional Trading
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**Job Family:**
Trading
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**Time Type:**
Full time
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**Primary Location:**
New York New York United States
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**Primary Location Full Time Salary Range:**
$250,000.00 - $500,000.00
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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**Anticipated Posting Close Date:**
May 10, 2025
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