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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 commitment to innovation.
- Benefits: Competitive salary, comprehensive benefits, and opportunities for professional growth.
- Why this job: Make a real impact in risk management within a dynamic and collaborative environment.
- Qualifications: 10+ years in Risk Management or Valuation Control with strong technical skills.
- Other info: Work with diverse teams globally and enhance your career in a supportive culture.
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 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.
- 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.
Bachelor's/University degree, Master's degree preferred.
In-Business Risk - Valuation Risk, Senior Vice President in London 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 in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance industry, especially those who work at Citi or in similar roles. A friendly chat can open doors and give you insider info about the team and culture.
✨Tip Number 2
Prepare for the interview by brushing up on your technical knowledge of derivative valuations. Be ready to discuss how you've tackled valuation controls in the past and how you can contribute to Citi's robust control environment.
✨Tip Number 3
Showcase your project management skills! Be prepared to share examples of how you've successfully managed multiple tasks and collaborated with different teams. This will highlight your ability to adapt and thrive in a dynamic environment.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about joining the team at Citi and ready to take on the challenge.
We think you need these skills to ace In-Business Risk - Valuation Risk, Senior Vice President in London
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 expertise in valuation controls and risk management to show us you're the right fit for the role.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're passionate about this position. Share examples of how you've successfully managed valuation risks in the past, and don't forget to mention your collaboration with various teams!
Showcase Your Technical Skills: Since this role requires a strong technical understanding of derivative valuations, make sure to include relevant projects or experiences that demonstrate your knowledge. We want to see how you can contribute to our team!
Apply Through Our Website: We encourage you to apply directly through our website. This way, your application will be processed more efficiently, and you'll have access to all the latest updates regarding your application status.
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 controls and the specific metrics mentioned in the job description. Be prepared to discuss how you've previously managed or evaluated these controls, as well as any challenges you've faced in the past.
✨Showcase Your Collaboration Skills
This role requires working closely with various teams like Traders, Quants, and Technology. Think of examples where you've successfully collaborated across departments and be ready to share how you can foster those relationships at Citi.
✨Prepare for Regulatory Discussions
Since you'll be engaging with regulators and internal audit, it’s crucial to demonstrate your understanding of compliance and risk management. Prepare to discuss your experience dealing with audits and how you've ensured timely responses to regulatory requests.
✨Demonstrate Strong Communication Skills
You’ll need to influence senior stakeholders, so practice articulating your thoughts clearly and concisely. Consider how you can adjust your communication style based on your audience, and be ready to provide examples of when you've successfully done this in the past.
