Markets In Business Risk & Volcker Governance Lead

Our Markets business serves corporates, institutional investors, and governments, leveraging our leading underwriting, sales and trading, and distribution capabilities across Commodities, Equities, Rates, Spread Products, and Currencies. Our broad product coverage and global presence enable us to meet client needs with unmatched precision.

The successful candidate will join the In-Business Risk team within Citi Global Markets. This team forms a critical part of the first line of defense, responsible for designing and maintaining a strong control environment that minimizes risk across the business. In-Business Risk leads key initiatives to mitigate risks related to Trading, Financial Crimes, and Conduct, while ensuring effective governance to measure, monitor, manage, and escalate key risks.

About the Volcker Rule Office (VRO)

The VRO is a first line function responsible for coordinating and monitoring Citi’s Volcker Compliance Program. The team maintains the central control framework and partners closely with Business, Independent Risk Management, Compliance, Legal, Finance, and other functions. The VRO oversees a range of core processes related to desk structure, mandates, trading and hedging strategies, limits, covered funds, and regulatory metrics reporting.

The team also manages frameworks related to Large, Complex and Illiquid (LCI) trades requiring pre‑trade approval (PTA), the conditions governing such approvals, and the Intraday Market Risk (IDMR) monitoring framework.

As a member of the VRO, you will play a key role in delivering integrated solutions that support Citi’s global Volcker Rule compliance program and related regulatory deliverables.

Responsibilities

While responsibilities may evolve with organizational priorities, key activities for this role include:

• Deliver projects and BAU work aligned with the Markets In-Business Risk book of work covering the Volcker Rule Program, LCI PTA, and IDMR monitoring frameworks.

• Conduct detailed transaction and market risk data analysis using Business Intelligence tools, SQL, and Python, identifying issues and emerging themes.

• Prepare and present materials for quarterly limit reviews with Desk Heads and Market Risk Managers.

• Ensure effective execution of control objectives supporting the LCI PTA and IDMR frameworks, including monitoring violations and exceptions, performing root-cause analysis, reconciling data, reporting key metrics to senior management, maintaining threshold accuracy, and driving process enhancements.

• Oversee the Volcker Control Framework across core subject areas such as Risk Limits and RENTD, while coordinating across related functions including Desk Mandates, Volcker Metrics, and Covered Funds.

• Partner with stakeholders to monitor changes in business activity, assess Volcker implications, and support ongoing compliance with RENTD requirements.

• Project manage and deliver key changes across Trading Desks and Business Units, collaborating with Risk, Legal, Finance, and Compliance.

• Collaborate with Technology to design sustainable solutions that enhance controls, streamline processes, and support the Volcker Program, LCI PTA, and IDMR frameworks.

• Identify, prioritize, and manage dependencies, risks, exceptions, and issues across workstreams.

• Support interactions with internal review/testing teams and external regulatory examiners.

• Provide subject matter expertise across multiple workstreams.

Qualifications

• Significant experience (typically 8+ years) in risk and controls, data analysis, and project management.

• Strong communication skills, including the ability to influence and negotiate with senior internal stakeholders.

• Knowledge of the Volcker Rule and Basel/FRTB is an advantage.

• Project management experience in a Markets Front Office environment is preferred.

• Understanding of market risk, trading products, and services (Fixed Income, Equities, Currencies & Commodities, and/or Securities Services).

• Familiarity with Front Office trading processes and the trade lifecycle in a large bank or dealer.

Skills & Competencies

• Strong analytical and problem‑solving abilities with rigorous attention to detail.

• Advanced technical skills (SQL, Python, Jira, Tableau, IA tools).

• Strong organizational skills with the ability to manage and prioritize multiple workstreams.

• Strong interpersonal skills and the ability to foster collaboration across trading and support functions.

• Excellent verbal and written communication skills.

• Proficiency in the MS Office suite.

• Knowledge of Citi internal systems is a plus.

Education

• Bachelor’s/University degree or equivalent experience required.

Benefits of Joining Citi Hungary

By joining Citi Hungary, you will enjoy a business-casual workplace with a hybrid working model (up to 2 days per week from home), a competitive compensation package, and a comprehensive range of benefits to support your wellbeing, lifestyle, and financial goals:

• Cafeteria Program

• Home Office Allowance (for hybrid employees)

• Paid Parental Leave Program (maternity and paternity leave)

• Private Medical Care Program and on-site medical rooms

• Pension Plan contributions

• Group Life Insurance

• Employee Assistance Program

• Access to extensive learning and development resources (e.g., Udemy, Degreed)

• Flexible working arrangements

• Career progression opportunities across teams, geographies, and business lines

• Active employee communities and networking opportunities

Citi is committed to fostering an inclusive workplace where everyone feels empowered to bring their full selves to work. We seek the best talent globally—energized to join, motivated to stay, and positioned to thrive.