APAC Prime Finance and FDC (Futures & Derivatives Clearing) Risk Manager at Citigroup

Job description

Citi is seeking a senior In-Business Risk (IBR) professional to join the APAC Equities franchise, reporting to the APAC Head of In-Business Risk. This role carries responsibility for counterparty and platform risk management across Prime Brokerage, FX Prime Brokerage (FXPB), Futures & Derivatives Clearing (FDC), Equity Derivatives (QIS strategies), and, Equity Cash. The APAC IBR team covers both regional and global clients investing in APAC, engaging with Hedge Funds, Real Money counterparties, Banks, Insurance companies and Sovereign Wealth Fund counterparties. The ideal candidate will bring deep expertise across tradable products and asset classes including equities (cash and swap), fixed income/rates, deployed across a range of strategies (Equity Long/Short; Multi-Strat; Event; Macro; and Quant / QIS strategies). KEY RESPONSIBILITIES Client & Portfolio Risk Management Oversee daily client portfolio exposures to ensure risks are controlled, optimally sized, and within approved limits. Serve as a senior escalation point for counterparty risk events, emerging credit concerns, and crisis management across all covered business lines. Facilitate new client trades and manage existing portfolio exposures, ensuring market-driven counterparty risk, documentation, legal, and reputational risks are well-controlled. Interface directly with clients to help Citi grow the platform; participate in client pitches, term negotiations, and ongoing dialogue to support risk-efficient returns growth. Work closely with Sales and Client Onboarding teams to ensure appropriate risk frameworks are in place from inception. Risk Analysis & Governance Perform trade and portfolio risk analysis incorporating scenario stress testing, sensitivity analysis (Greeks, VaR, liquidation costs), and margin adequacy assessments. Formulate views on product risk appetite; review and challenge business stakeholder requests with a balanced risk-reward perspective. Establish and maintain limit structures and governance processes to ensure clients operate within approved risk parameters. Identify and escalate emerging risks — credit, market, operational, or legal — to senior management; proactively propose risk solutions. Ensure full compliance with In-Business Risk Procedures, regional regulatory requirements, and applicable policies. Serve as IBR product SME for regulatory inquiries. Stakeholder Engagement Communicate risk views to senior management and represent IBR in senior forums; articulate and defend divergent risk positions with conviction. Work closely with Credit Risk Management on client onboarding, limit sizing, and dynamic margin methodologies. Collaborate with Market Risk, Quant (MQA), and stress test developers to build models for accurate measurement of overnight and intraday client exposure. Platform Development & Leadership Modernize intraday risk and margin controls; drive process re-engineering in partnership with Product, Technology and Operations. Develop strategic risk solutions and platform enhancements to advance Citi's competitive advantage; participate in IT book of work prioritization. Mentor and develop junior talent within the global IBR team. KNOWLEDGE & EXPERIENCE Extensive front-office risk management experience (1LoD) in an institutional setting; 15+ years in financial services preferred, with experience leading analytical teams preferred. Subject matter expertise in Prime Brokerage and FXPB platforms, including cash and synthetic prime, equity delta one, and secured financing structures. Ability to work well with cross-functional teams from Product, Sales, Credit, Risk, Technology, Operations, Legal and Compliance Working knowledge of Cash Equities, Futures, OTC Clearing, and QIS, including systematic and factor-based investment approaches. Experience with Prime Brokerage and Listed derivatives client documentation (PBAs, ISDAs, CSAs, Clearing Agreements, Market specific clearing agreements) and negotiating term agreements. Previous clie