What are the responsibilities and job description for the GWM Investment Lab Analyst - VP position at Citi?
SUMMARY:
Citi’s Global Wealth Management (GWM) is a trusted advisor to wealthy and worldly individuals and families. Its clients receive customized banking services that cross borders, including bespoke service as well as access to the best ideas and solutions tailored to their unique needs and aspirations. GWM Investments (GWMI) offers a wide range of products and services covering capital markets, managed investments, portfolio management, trust and estate planning, investment finance and banking.
The Global Investment Lab (GIL) is an integral part of GWMI. The team is dedicated to delivering comprehensive, analytical and highly customized strategies with actionable solutions for relationships across four core pillars:
- High Touch Client Analytics (ultra-high-net-worth client-specific analytics and recommendations based upon clients' needs and portfolio holdings, covering assets and liabilities)
- Product Strategy (articulation of global and regional themes, developing and positioning our strategy and solutions offering)
- Quantitative Solutions (model development and thought leadership that impact client investments through applied quant)
- Scalable Solutions (development of scalable analytical capabilities across wealth spectrum)
The position has a responsibility for driving results, enabling sales and enhancing the bank’s revenue generating efforts. Our holistic consultative sales process is designed to create sophisticated implementation plans drawing on the best global thinking and customizing it to the needs of the end client for their particular situation. The strategy adopted by the group is based upon strong teamwork globally and a highly supportive and inclusive attitude towards other colleagues in the Private Bank and across Citi.
The analyst will have the opportunity to conduct bespoke strategic and tactical asset allocation, portfolio optimization and construction, risk identification, and capital market strategies, and statistical modeling. The Analyst is expected to facilitate client analyses by collaborating with the bankers and Investment Counsellors to identify issues and establish the right approach for the analysis. He/she will design custom asset allocation, know our “focus list” managers and key products, and communicate clearly to a client the Citi Private Bank views and how to apply them to the client’s portfolio.
This position would suit a proactive and energetic analyst with an analytical mindset and the ability to manage his/her time around business priorities. The opportunities for skill-set growth are high because of the wide range of subjects covered.
PRINCIPAL RESPONSIBILITIES:
Analysis & Advice
- Design customized strategic and tactical asset allocation strategies for clients’ portfolios using proprietary models and tools. Comprehensive investment strategies may be multi-asset class or within a single asset class and can incorporate a client’s total balance sheet and cash flow needs, including their philanthropy goals as well as their generational transfer requirements.
- Perform in-depth analysis on individual investment products, strategies, and portfolios across asset classes.
- Perform statistical modeling across asset classes.
- Collaborate with Private Bankers and Investment Counselors to develop objective, actionable proposals to clients.
- Be prepared to interact with clients to present and discuss portfolio analysis and investment proposals. Discuss and educate others – internally and externally - in work topics openly and confidently.
- Consistent work towards developing innovative solutions, tools and frameworks for global Investments organization.
- Position relevant CPB’s global and regional themes;
- Identify opportunities for CPB and our client segments via analysis of the book of business and markets/product trends
Other
- Inclusive investment and portfolio positioning and/or research, liaising with regional and global counterparts across the Private Bank and Citi as a whole.
- Participate in the development, education and rollout of global initiatives, analytical tools and methods.
- Consistently follow and support regulatory policies.
Qualifications Required:
- Knowledge of Modern Portfolio Theory, asset allocation techniques, portfolio simulation, risk analytics, financial markets and investment strategies.
- Solid knowledge of Capital Markets and Managed Investment products including derivatives and alternative investments.
- Familiarity with financial modelling (including Monte Carlo simulation, optimization, and regression) and statistical analysis tools.
- Strong written / verbal / proposal communication skills.
- Soft skills include a can-do attitude, sense of ownership and a team-player approach.
- Education: BA or BSc and beyond
- Advanced skills in Excel, preferably with programming language capability
- At least 5-7 years of relevant industry experience
Desirable:
- Previous investments experience with high and ultra-high net worth individuals
- CFA designation or progress towards CFA
- Knowledge of credit products, lendable values or Investment Finance
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Job Family Group:
Private Client Product Services-
Job Family:
Investment Analytics-
Time Type:
Full time-
Citi is an equal opportunity and affirmative action employer.
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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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.
