Citigroup announces search for cryptocurrency risk manager

The specialist will be in charge of all issues related to risk management in the field of digital assets, stablecoins and DeFi

09.08.2022 - 16:40

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What’s new? Financial conglomerate Citigroup is looking for a digital asset, stablecoin and decentralized finance (DeFi) risk manager. The specialist will report to the global head of risk management for cryptocurrency products, according to the hiring announcement. The risk manager's responsibilities cover all regions and areas of Citi's business.

Information on Citi's website

What else is known about the position? The Risk Manager is accountable for all issues related to risk management in the cryptocurrency, stablecoin and DeFi industry. The specialist will be required to develop approaches to evaluate digital assets, approve new products and services, and interact with stakeholders to oversee the company's strategy for products related to the crypto industry.

“The role provides unparalleled opportunity to shape the firm’s strategy — and help the firm succeed — in the digital asset space.” the job posting reads.

Citigroup is on the list of systemically important banks. In November 2021, the conglomerate announced the launch of a cryptocurrency unit within its institutional client services group. In 2022, it is ranked No. 27 on Forbes Global 2000, a list of the world's largest public companies. Citigroup has $2,4 trillion in assets under management.

Earlier, London-based fintech company Revolut posted hiring announcements for 13 digital asset-focused positions. The company plans to grow its cryptocurrency division by 20% in Europe, the UK and the US over the next six months.

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