Citigroup to Hire DeFi and CBDC Risk Managers

Citigroup to Hire DeFi and CBDC Risk Managers

Citigroup will hire DeFi and CBDC risk managers

Financial conglomerate Citigroup has posted two vacancies for digital asset risk managers.

One will specialize in decentralized finance, stablecoins and cryptocurrencies . The other will focus on CBDCs, digital securities and enterprise blockchains.

Both managers should develop a unified approach to managing risk and responding to new initiatives, concepts and strategic partnerships in their respective areas.

Governance Risks in DeFi are much more complex than in traditional finance, Tarun Chitra, CEO of the Gauntlet crypto-financial risk modeling platform, explained in a commentary to The Block. Based on the job description, he suggested that Citi is primarily looking for market researchers rather than technical executives.

At the same time, the banking giant is recruiting for digital asset specialists in the context of liquidity management and custodial technologies.< /p>

Recall that in November 2021, Citigroup announced the launch of a cryptocurrency-focused division within the institutional client service group. It was planned to hire 100 specialists to work in the new business unit.

In June, the financial conglomerate, together with the infrastructure company Metaco, began work on a pilot project of a platform for storing and managing digital assets.

Read bitcoin – ForkLog news in our Telegram – cryptocurrency news, courses and analytics.