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- Tasks: Monitor and challenge valuation controls while producing governance materials for senior forums.
- Company: Join Citi, a leading global financial services company with a strong commitment to risk management.
- Benefits: Competitive salary, comprehensive benefits, and opportunities for professional growth.
- Why this job: Make a significant impact in financial risk management within a dynamic global team.
- Qualifications: 10+ years in Risk Management or Valuation Control with strong technical understanding of derivatives.
- Other info: Collaborative environment with excellent career advancement opportunities.
The predicted salary is between 72000 - 108000 £ 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 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 operates 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.
In-Business Risk - Valuation Risk, Senior Vice President employer: Citigroup Inc.
Contact Detail:
Citigroup Inc. 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 in risk management or valuation roles. 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 interactions!
✨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 is key in a role that requires working with Traders, Quants, and Technology.
✨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 are proactive about their job search.
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 skills and experiences that match the job description. Highlight your experience in risk management and valuation controls, as these are key for us at StudySmarter.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the role. Mention specific projects or experiences that relate to the responsibilities listed in the job description.
Showcase Your Communication Skills: Since this role involves collaboration with various teams, it's important to demonstrate your strong communication skills. Use clear and concise language in your application to show us you can influence and engage stakeholders effectively.
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 Citigroup Inc.
✨Know Your Valuation Risk Inside Out
Make sure you brush up on your knowledge of valuation risk and controls. Be prepared to discuss specific examples from your past experience where you've successfully managed or challenged valuation controls. This will show that you not only understand the theory but can apply it in practice.
✨Showcase Your Collaboration Skills
Since this role requires working closely with Traders, Quants, and other teams, think of instances where you've successfully collaborated across departments. Highlight how you’ve navigated different perspectives and built relationships to achieve common goals.
✨Prepare for Technical Questions
Expect technical questions related to derivative valuations and market data structures. Brush up on your technical knowledge and be ready to explain complex concepts in a way that’s easy to understand. This will demonstrate your strong technical understanding and communication skills.
✨Demonstrate Your Project Management Prowess
Be ready to discuss your project management experience, especially in relation to governance and regulatory requests. Prepare examples that showcase your organisational skills and ability to multitask, as these are crucial for success in this role.
