Job Description

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in analysis, problem solving and communication to Citi's Finance Team.


By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview

We are seeking an outstanding candidate to join the Valuation Policy team within the Valuation Control Group (VCG) for Citi, reporting into the Global Head of Valuation Policy.


The Valuation Control Group (VCG) is a cornerstone of Citi Controllers. VCG is responsible for the independent valuation control of Citi's traded inventory, as well as other areas where fair value principles need to be applied, such as PRA/ECB Prudent Valuation requirements. The group is organised into global product aligned teams and specialised functions such as Reporting, Valuation Methodology & International, and Design & Execution.


The key responsibilities of the group are to perform the independent price verification for traded inventory, calculate valuation adjustments, ensure appropriate valuation governance, and conduct new trade reviews.


The Methodology and International team is a specialised function within VCG and one which is crucial and highly influential, and key to our strategic success.


The responsibilities of the team are to:

Ensure Citi has the most appropriate and complete valuation control framework across all areas of price verification, valuation adjustments and wider valuation governance. This includes all aspects of overarching Policy, Standards, Procedures and Methodologies, covering both accounting and regulatory requirements. Lead the department in its US and International regulatory engagements and exams, as well as managing external and internal audits, and any remediation efforts. Ensure there is strong oversight of valuation controls across all International legal entities, along with the associated regulatory responsibilities, working in close partnership with local controllers and our wider legal entity stakeholders.

The individual will be responsible for delivering valuation projects to address regulatory findings from Citi's regulators, responding to new and emerging valuation practices and contributing to VCG's delivery of strategic group-wide transformation initiatives.

What you'll do

Policy:


Defining and implementing control procedures to ensure VCG complies with US and International regulatory obligations and relevant accounting standards.


Cross-Asset Methodology:


Developing cross-asset valuation methodologies/models and responding to new and emerging valuation practices.


Control:


Ensuring VCG's compliance with critical firmwide policies, including model risk management policy and associated controls.


Governance:


This individual must be able to understand how to implement strong and effective governance.


Flexibility & Adaptability:


The priorities of this individual will be set by Global Head of Valuation Policy, which may include regulatory obligations, so there will be crucial deadlines that will need to be achieved.


Adaptability to changing circumstances is critical, as the prioritisation of responsibilities will need to evolve with changing circumstances.

What we'll need from you

Experience in a valuation, risk or product control related discipline. Strong understanding of current global accounting and regulatory standards and developments pertaining to valuation of financial instruments. Bachelor's degree/University degree or equivalent experience. Master's Degree preferred. Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.

Skills:

Drives Value for Clients

Trusted partner, drive innovation Anticipates, demonstrates understanding of expectations and needs

Work as a Partner

Works collaboratively across the organization Treats people with respect

Champions Progress

Pushes for culture of high standards Assists in executing the vision set forth by Senior Management and is responsive to changes in environment

Lives Citi Values

Sets the standards for the highest integrity in every decision Has the courage to always do what is right and the humility to learn from mistakes

Delivers Results

Exercises independence of judgement and significant autonomy Sets high standards and achieves performance objectives Prioritizes and provides clear line of sight to most critical work

Product Technical Knowledge

Strong understanding of industry valuation control practices for different products

Control Mind-set

Demonstrates a strong leadership and focus on control. Ensuring integrity of reporting and independence of controls associated with a valuation control function

Strong Influencing and Presenting Skills

Ability to communicate and deliver key messages to senior audience Consistently demonstrates clear and concise written communication

What we can offer you

This is a great opportunity for a Finance professional to grow their career, a key role requiring regular interaction with internal and external stakeholders, including auditors, market data providers, industry bodies and regulators, allowing for significant networking, advisory and partnership opportunities.


We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.


By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure A discretional annual performance related bonus Private medical insurance packages to suit your personal circumstances Employee Assistance Programme Pension Plan Paid Parental Leave Special discounts for employees, family, and friends Access to an array of learning and development resources

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energised to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

#LI-JD7


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Job Family Group:

Finance
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Job Family:

Valuation Control
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Time Type:

Full time
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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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