Job Description

The Risk Manager is accountable for all matters relating to product risk management of crypto currencies, stable coins and decentralized finance. This includes providing expert input into the foundational risk management frameworks, digital asset evaluation approaches, digital asset risk management governance forums, and evaluation and approval of new products and services involving crypto currencies, stable coins and decentralized finance. The mandate of the Risk Manager covers all regions, all business lines (Institutional Clients Group and Personal Banking & Wealth Management).
The Risk Manager will be tasked to marshal a robust, risk-sensitive and unified risk management view and response to new crypto currency, stable coin and decentralized finance initiatives, pilots, proof of concepts and strategic partnerships; and advise the Global Head of Digital Asset Enterprise Risk Management, Global Head of Digital Asset Product Risk Management and New Activity Committee Chairs on idiosyncratic and elevated risks, and participate in the evaluation of crypto currency, stable coin and decentralized finance initiatives firm wide.

Key Responsibilities

• Marshal a robust, risk-sensitive and unified risk management view and response to new crypto currency, stable coin and decentralized finance initiatives, pilots, proof of concepts and strategic partnerships
• Participate in the evaluation of new crypto currency, stable coin and decentralized finance products and services worldwide via the established new activity approval process and partner with the New Activity Risk Management organization
• Provide subject matter expert input into the Digital Asset Risk Management Working Group and in the publication of foundational risk frameworks including the Digital Asset Risk Tolerance Approach and Risk Management Guidelines
• Develop, own and update the asset evaluation approaches for crypto currencies, stable coins and decentralized finance
• Engage with internal and external stakeholders to explain and discuss the risk, control and governance framework of the firm in relation to crypto currencies, stable coins and decentralized finance

Required Knowledge, Skills, and Abilities

• Minimum Bachelor’s degree is required with extensive years of relevant experience
• Considerable experience in the field of financial services and/or banking
• Strong understanding of risk management practices relevant to new activities
• Specialized expertise and experience in crypto currencies, stable coins and decentralized finance
• Knowledge of Citi’s businesses and products, or the equivalent at organizations of similar complexity and maturity
• A proven track record of advocacy and ability to liaise across diverse stakeholder groups
• Relevant experience and applied knowledge in regulation, with sound understanding of regulatory requirements and the ability to interface with financial regulators as needed