Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in econometric model development, execution, and assessment to the Enterprise Risk Analytics & Stress Testing Team.

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview

Enterprise Risk Analytics & Stress Testing (ERA) is a part of Citi’s Risk Management organization that is responsible for Enterprise-level risk metrics including stress testing. Enterprise-wide stress testing programs are sponsored by the Citigroup CRO, who reviews the stress testing results with the rest of the executive management team.

Enterprise Risk Analytics & Stress Testing is responsible for Enterprise Stress Testing with Legal Entity Oversight (LEO), Material Legal Entity (MLE) Stress Testing and ICAAP execution and oversight, Firmwide Scenario Design and Expansion which cover Enterprise programs and all Legal Entities.

The Climate Scenario Design (CSD) team within ERA is responsible for designing climate stress test scenarios across enterprise and legal entities.

The Senior Climate Economist in the Climate Scenario Team will report to the Head of Climate Risk Scenario Design

What you’ll do

• Providing both subject matter expertise and hands on experience in econometric model development, execution, and assessment.

• Providing thought leadership in designing, developing, and executing statistical and econometric methods for projecting macro-financial as well as climate-specific variables and shocks (energy transition pathways, extreme weather events, sea level rise etc.).

• Analysing climate scenarios and suggesting different potential forward looking paths using either judgement or models.

• Providing leadership and communication skills to signal to key stakeholders the results of their forecast and its implication to the broader regulatory initiative.

• Following and analyzing climate developments in key developed and emerging market economies, assessing vulnerabilities, and making economic forecasts.

• Interpreting scenario variable pathways and ensuring variable projections are consistent with scenario assumptions, model assumptions and statistical and econometric foundation assumptions.

• Conducting necessary forecast oversight to ensure historical data and forecast consistency.

• Monitoring local, regional and global climate trends (technology, policy, consumer as well as physical risk) and to identify and analyze key climate risks, along with their implications for national, industry-specific and local macro variables.

• Articulating and disseminating rationale for forecasts based on macroeconomic and financial linkages, within the backdrop regulatory scenarios (NGFS, Bank of England, Banque de France etc.).

What we’ll need from you

• Demonstrated years of economist experience in a major financial, public or international institution.

• Expertise in at least one of these fields (a combination of two or all three): macro-economic analysis, energy systems or climate economics.

• Expertise in macro-economic scenario review and narratives.

• Excellent verbal and written communication skills with ability to present in senior management and regulatory forums.

• Experience in Python, R, SAS, MATLAB or some other programming environment.

• Previous experience in a role requiring managing/analysing large data sets and presenting the data visually to non-expert audience is highly desired.

• Background from graduate level time series econometrics, macro econometrics or any other quantitative discipline is essential to be successful in this role

• Ideally Master’s degree in economics, econometrics, mathematics, statistics equivalent. PhD preferred otherwise equivalent relevant experience

What we can offer you

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure

• A discretional annual performance related bonus

• Private medical insurance packages to suit your personal circumstances

• Employee Assistance Programme

• Pension Plan

• Paid Parental Leave

• Special discounts for employees, family, and friends

• Access to an array of learning and development resources

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energised to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

Job Family Group:

Risk Management

Job Family:

Risk Analytics, Modeling, and Validation

Time Type:

Full time

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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Citi is an equal opportunity and affirmative action employer.

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