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For Companies At a Glance
- Tasks: Monitor and challenge valuation controls while producing governance materials.
- Company: Join Citi, a leading global financial services company.
- Benefits: Competitive salary, diverse work environment, and career advancement opportunities.
- Why this job: Make a real impact in risk management within a dynamic team.
- Qualifications: 10+ years in Risk Management or Valuation Control with strong analytical skills.
- Other info: Collaborate globally and engage with senior stakeholders across various functions.
The predicted salary is between 72000 - 108000 ÂŁ per year.
Citi is looking for an experienced professional for a role in the Markets In‑Business Risk – Valuation Risk team, part of the 1st Line of Defense. The successful candidate will have significant experience in product valuations including market/model risk and a strong understanding of the overall control environment. This role will have responsibility for monitoring, investigating and challenging valuation controls as well as producing monthly governance and project management materials. The scope of the role covers Markets globally and requires collaboration with colleagues across all regions. Successful execution will require partnership with Traders, Quants, Technology, Market Risk and Valuation Control, whilst also leading engagements with internal audit (IA) and regulators.
The Valuation Risk Team is a specialized function within Markets In‑Business Risk, which establishes and maintains a robust 1st Line of Defense (1LoD) control environment and culture to minimize financial risk within the Markets business. The Valuation Risk Team sets the standards for the quality of Front Office management of Valuation Risk, manages implementation of those standards and is responsible for Markets wide governance of 1st Line valuation risk.
Key Responsibilities
- Perform the 1LoD Valuation Controls which include oversight and governance of Valuation Consistency, Unchanged Prices, and Non‑Standard Trade Booking controls.
- Evaluate metrics and reports relating to these controls, and where relevant identify necessary actions and facilitate resolution of identified issues.
- Generate monthly materials for senior governance forums which are accountable for consistent Front Office valuations.
- Design and implement Front Office controls which effectively mitigate the risk of mis‑valuation of financial instruments.
- Engage with Markets Technology, senior Markets Traders and Risk functions to develop new technology capabilities for cross‑Markets Valuation Risk controls.
- Coordinate and lead Regulatory and Internal Audit requests impacting upon Valuations and remediation ensuring timely response and delivery.
- Ongoing review and enhancement of Markets‑wide Policies on Valuation Risk to drive standardized and consistent mechanisms to evidence controls and supervision of pricing risk.
- Define operating control standards across Markets and embed within the Manager Control Assessment (MCA) framework to assess Valuation Risk controls and ensure businesses operate within risk appetite.
Qualifications & Competencies
- 10+ years’ experience in Risk Management, Valuation Control, Trading or other related roles in the financial industry.
- Strong technical understanding of derivative valuations across multiple asset classes.
- Robust understanding of typical data structures for market data utilized by derivative models.
- Strong controls mindset, identifying and mitigating risks, communicating and escalating concerns.
- Experience dealing with regulators, Audit, Compliance and other Risk and Control functions.
- Strong communication skills with an ability to influence senior stakeholders and to adjust communication style for the target audience.
- Self‑motivated and detail oriented.
- Excellent project management and organizational skills, with an ability to multitask and adapt to change.
- Ability to collaborate across businesses, regions and support functions.
Education
- Bachelor's/University degree, Master's degree preferred.
Job Family Group: Risk Management
Job Family: In‑Business Risk
Time Type: Full time
Most Relevant Skills: Analytical Thinking, Business Acumen, Constructive Debate, Escalation Management, Issue Management, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Stakeholder Management.
Other Relevant Skills: For complementary skills, please see above and/or contact the recruiter.
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, colour, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity, review Accessibility at Citi.
In-Business Risk - Valuation Risk, Senior Vice President employer: Citi
Contact Detail:
Citi Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land In-Business Risk - Valuation Risk, Senior Vice President
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance industry, especially those who work in risk management or valuation. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can discuss derivative valuations and risk controls confidently. We want you to shine when they ask about your experience with market data and regulatory compliance!
✨Tip Number 3
Showcase your project management skills! Be ready to share examples of how you've successfully managed multiple tasks and collaborated across teams. This will demonstrate your ability to handle the dynamic nature of the role.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace In-Business Risk - Valuation Risk, Senior Vice President
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the specific skills and experiences mentioned in the job description. Highlight your 10+ years in Risk Management and any relevant experience with valuation controls to catch our eye!
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're the perfect fit for the Valuation Risk team. Share specific examples of how you've tackled similar challenges in the past, especially around governance and project management.
Showcase Your Communication Skills: Since this role involves influencing senior stakeholders, make sure to demonstrate your strong communication skills in your application. Use clear, concise language and provide examples of how you've successfully communicated complex ideas.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Citi
✨Know Your Valuation Risk Inside Out
Make sure you brush up on your knowledge of valuation risk, especially in relation to derivative valuations across multiple asset classes. Be prepared to discuss specific examples from your experience that demonstrate your understanding of market and model risk.
✨Showcase Your Control Mindset
Highlight your strong controls mindset during the interview. Prepare to discuss how you've identified and mitigated risks in previous roles, and be ready to share examples of how you've communicated concerns effectively to senior stakeholders.
✨Demonstrate Collaboration Skills
Since this role requires collaboration with various teams, think of instances where you've successfully worked with traders, quants, or technology teams. Be ready to explain how you navigated challenges and built partnerships across different functions.
✨Prepare for Governance Discussions
As you'll be generating materials for senior governance forums, practice discussing how you've contributed to governance processes in the past. Be prepared to talk about your project management skills and how you've ensured timely responses to regulatory and audit requests.
