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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: Real-Time Monitoring of Citi's algorithmic trading activities for signs of disorderly trading from a cross-asset perspective; Governance and oversight of E-Trading businesses across Markets, which includes annual attestation/review of key E-Trading documentation, and Market Access Rule for the US; Project management of key markets-wide E-Trading initiatives and remediation of corrective actions arising from Regulatory and Internal Audit findings; Design, deliver, and maintain Market's E-Trading Controls, such as Citi's golden-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 preparation of responses to findings and corrective action plans (as needed).
Job Responsibility
Perform Real-Time Monitoring (RTM) one/two days a week including Bank Holidays (when required). RTM involves monitoring and investigating relevant alerts that could indicate signs of disorderly trading. For relevant alert triggers, ETRC escalate to trading desks, management and Second Line of Defense where necessary
Lead the market access reviews/attestation from a cross-asset perspective, while ensuring adherence to the market access controls and oversight protocols as required by the 15c3-5 Market Access Rule
Maintain strong policy, risk management, and governance compliance structure within Electronic Trading products and flows from a cross-asset perspective
Participate as the regional lead for NAM to ensure robust governance for the E-Trading limits management system while disseminating key changes and asset class implications to key stakeholders by following strong program management protocols
Own the issue management workstream for the team by providing oversight of remediation plans for ETRC or Businesses (where relevant) and maintaining strong relationship with the Markets Testing Team, Compliance Testing and Internal Audit
Assist with key E-Trading initiatives and remediation of ETRC enhancement projects for the NAM region as required
Continue to innovate e-Trading risk frameworks to changing market structure dynamics and desk demands
Collaborate across a diverse set of stakeholders including Sales and Trading Business Units, Quantitative Strategists, Business Unit Risk Management, Compliance, Technology and Operations. Has the ability to operate with a limited level of direct supervision
Can exercise independence of judgement and autonomy
Acts as SME to senior stakeholders and junior team members
An interest in working in a fast-paced environment, often balancing multiple deliverables at one time
Requirements
Subject matter expertise with Electronic Trading Risks, Controls and North American Market Structure
Significant experience with using data analytics and various visualization tools
10+ years relevant work experience in Business Risk & Controls, Compliance or Audit in a Markets Business
Deep knowledge of E-Trading regulation and guidance and best practices
Experience with designing and managing centralized E-Trading tools (limit databases, risk and control inventories) from a technical and project delivery perspective
Consistently demonstrates clear and concise written and verbal communication skills