Paolo has over 35 years of experience in financial markets where he has been a leader in the field of Risk Management with a particular focus on Counterparty Credit, Market Risk and traditional Credit Risk. He was an MD for 20 years at Citigroup and Barclays Capital where he attained multiple global leadership positions. In the latter part of his career at Citi Global Wealth, Mr. Mammola managed the in-business risk management for the Division and the Global Margin Lending business line with P&L responsibilities.
Mr. Mammola began his career at BNL (now part of BNP Paribas) as a research analyst before transferring to Banca Intesa in 1988 where he spent 2 years in Luxembourg in various positions including junior manager of its long-only equity and bond funds. He then joined the Italian Securities and Exchange Commission (CONSOB) in 1990 where he rose to become interim head of the Derivatives Markets regulation and surveillance office. Â
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In 1998 he joined Citibank in Milan as a Risk Manager before transferring to London where he became head of European Equities Market Risk management and Managing Director in 2006. Following this, Paolo joined Barclays Capital where he held various senior positions including Global Head of Equity Risk Management, Head of Market Risk Portfolio Risk Management, Head of Counterparty and Financial Institution Credit Risk, Interim Group Head of Financial Risk, before becoming Global Head of Market Risk in 2015.
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In 2016, after leaving Barclays, he set up his own advisory company and provided advisory services to McKinsey in their risk management practice. He also acted as a senior expert witness in important cases involving a global bank in London at the London High Court and a global structured credit hedge fund at the NY State Supreme Court.
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In 2019, he rejoined Citigroup as UK Chief Risk Officer with responsibility over all financial and non-financial risks for UK Legal entities and sat as a permanent member of the Citigroup Global Markets Limited Board Risk Committee. From 2021 to June 2024, Mr. Mammola worked as Global Head of Margin Lending and Head of in-business counterparty risk management for the Global Wealth Division.
EXPERTISE
Financial and non-Financial Risk ManagementÂ
Counterparty Risk
Derivatives pricing
Market Risk
VaR models
Lending
Wealth Management
EDUCATION
Libera Università degli Studi Sociali (LUISS)
Master’s in Economics, Finance
WORK HISTORY
SEDA Experts
Managing Director
2024-Current
Citigroup Global Markets Limited
Global Head of Margin Lending and Counterparty Credit Risk Management at Global Wealth Division
2021-2024
UK Chief Risk Officer
2019-2021
Global Financial Experts Limited
Senior Expert Witness
2016-2019
McKinsey and Co, UK
Senior Risk Advisor
2016-2019
Barclays Plc, Barclays Capital/Barclays Investment bank
Global Head of Market Risk,
Interim Group Head of Financial Risks Management,
Global Head of Counterparty Risk Management and Financial institution Credit Risk,
Global Head of Portfolio Risk Management
2007-2016
Citigroup NA
European Head of Equity Risk Management
1998-2007
CONSOB (Italian SEC)
Senior officer in the Markets Division
1990-1997
Credit and Market Risk Expert
Contact
Paolo Mammola
1185 Avenue of the Americas
New York, NY 10036
+1 646-626-4555