Citigroup is seeking a digital assets risk manager with expertise in cryptocurrencies, stablecoins, and DeFi. The move is part of a broader effort by Citi to hire approximately 100 people under its Digital Assets Division of its Institutional Client Group (ICG). Citi Wants To Increase Focus On Digital Assets The banking giant Citigroup is hiring two digital asset risk managers at director levels. One of the managers should have expertise in decentralized finance, cryptocurrencies, and stablecoins. The other manager will handle digital securities, CBDCs, and enterprise blockchain. As per the job postings, the role of the digital managers will be assembling “a robust, risk-sensitive and unified risk management view and response” to initiatives, pilots, proof of concepts, and strategic partnerships. Founder and CEO of crypto financial risk modeling tool Gauntlet, Tarun Chitra, said, “Risk management in decentralized finance is really much more complex than what you see in traditional finance – this is why they [Citi] need a person dedicated to simply understanding and reasoning about it,” he added, “However, the roles seem quite non-technical, so I suspect this is more of an investigation into how to support these markets.” DeFi, he said, would be a better option than traditional yields in a crypto market. Citigroup Stepping Towards Decentralized Finance The company will be increasing its focus on decentralized finance, which mos...
SEC Hosts First-Ever Crypto Roundtable Today
