At a Glance
- Tasks: Conduct valuation analysis for CLOs and enhance pricing accuracy through innovative methodologies.
- Company: Join Citi, a leading global bank with a commitment to diversity and inclusion.
- Benefits: Competitive salary, comprehensive health coverage, 401(k), and generous paid time off.
- Other info: Dynamic role with opportunities for career advancement and collaboration with top professionals.
- Why this job: Make an impact in finance by providing accurate valuations and driving process improvements.
- Qualifications: Bachelor’s degree and 5+ years of relevant experience in finance or analytics.
The Pricing Analyst is responsible for providing timely and accurate end‑of‑day evaluations of CLO (Collateralized Loan Obligation), and other securitized products for Citi Marks, a new provider of valuation services. Citi Marks evaluations are intended for use by banks, broker‑dealers, asset managers, hedge funds, wealth managers, fund accountants and auditors for client statements, research, risk analysis, performance metrics, and portfolio valuation. We are seeking a valuation specialist for CLOs and other securitized products to help advance the Citi Marks offering, provide accurate pricing, and excellent service to Citi Marks clients.
Responsibilities:
- Conduct valuation analysis for CLOs and other securitized products
- Drive methodology / automation enhancements to improve the coverage and pricing accuracy of securitized products
- Work closely with product and software engineers to build financial models to evaluate, support, and reconcile valuations, including back‑testing
- Provide subject matter expertise on client calls and meetings in which you will demonstrate product knowledge on general CLO methodology or specific deep dives of individual securities
- Drive process enhancements while ensuring policies, procedures, and methodologies are in accordance with ASC 820 Fair Value Measurement and industry best practices
- Assess and improve the market color used in the evaluation process
- Develop key performance indicators that assess pricing accuracy
- Improve the speed and quality of price challenge responses
- Spot anomalies and inefficiencies of pricing models and make recommendations for solutions
- Implement valuation best practices to ensure accurate and timely delivery of valuations
- Develop and maintain regular contact with trading desks, research teams and other market participants
- Manage teams of senior associates and analysts
Qualifications:
- Bachelor’s degree in Finance, Economics, Statistics, Mathematics, or Engineering
- 5+ years of valuation related work experience in trading, structuring, portfolio management, securities valuations or research background
- Experience utilizing valuation techniques and methodologies including cash flow modeling
- Knowledge of fixed income mathematics and analytics
- Strong ability to analyze and evaluate data and formulate accurate conclusions
- Excellent oral and written communication skills and the ability to forge strong collaborative relationships with internal partners and external clients
- Advanced spreadsheet skills, with the ability to analyze and manage large datasets
- Working knowledge of market data sources such as Bloomberg
- Proficiency in Python, SQL preferred
Markets Analyst – Pricing Analyst, CLO Securities - VP employer: Citigroup, Inc.
Citi is an exceptional employer for a Markets Analyst – Pricing Analyst, offering a dynamic work environment in the heart of New York City. With a strong focus on employee growth, Citi provides comprehensive benefits including medical coverage, 401(k) plans, and generous paid time off, fostering a culture of well-being and professional development. The opportunity to collaborate with top-tier professionals and engage in innovative valuation methodologies makes Citi a rewarding place for those seeking to advance their careers in finance.
StudySmarter Expert Advice🤫
We think this is how you could land Markets Analyst – Pricing Analyst, CLO Securities - VP
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Citigroup, Inc.. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Markets Analyst – Pricing Analyst, CLO Securities - VP
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Citigroup, Inc..
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Citigroup, Inc.'s website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Citigroup, Inc.
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Citigroup, Inc..
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Citigroup, Inc. will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Citigroup, Inc. employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
