At a Glance
- Tasks: Lead valuation control for Equities and Hybrids, ensuring fair value across asset classes.
- Company: Join Citi, a global financial institution dedicated to responsible financial services and economic growth.
- Benefits: Enjoy a hybrid work model, competitive salary, generous holidays, and private medical insurance.
- Why this job: Gain exposure to diverse financial markets while collaborating with global teams in a dynamic environment.
- Qualifications: Bachelor’s or Master’s in finance or related field; experience in valuation or risk control preferred.
- Other info: Citi promotes a culture of inclusivity and offers extensive learning and development resources.
The predicted salary is between 54000 - 84000 ÂŁ per year.
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
The Valuation Control Group (VCG) is responsible for reviewing and reporting fair value inventory consistently across all asset classes. Main responsibilities include:
- IPV (Independent Price Verification)
- Fair Value Adjustments (Bid-Offer, Model, Trade Specific)
- FVH (fair value Hierarchy) Levelling
- Prudent Valuation
- Valuation Uncertainty
- New Trade/Product Approvals and New Model Approvals
- Overhedges governance
- External, Internal and Regulatory Audits
- MI (Management Information) reporting
- A wide range of projects.
The role requires close partnership with multiple stakeholders – trading, sales, Quants, business management, market risk, RWA (Risk Weighted Assets) and capital optimisation team, product control, legal entity controllers, IT, Internal and External Audit, regulatory bodies, data vendors, other asset classes counterparts, regional counterparts – spread across the globe.
The role will cover valuation control of the entire inventory held within the Equities and Hybrids business. It provides an excellent platform to learn Equity and Hybrids markets, meaning a one stop shop to learn all the asset classes. In addition, it provides exposure to learn and deliver on several fronts – cross-asset product and valuation knowledge, data science and automation, global projects, leadership and management and much more.
What we’ll need from you
- Experience in a valuation, risk or product control related discipline.
- A Bachelor’s or Master’s degree in any finance, economics or quantitative related subject.
- Strong understanding of current global accounting and regulatory developments pertaining to valuation of financial instruments.
- Knowledge of financial products including derivatives and how different market regimes present Fair Value challenges.
- Interest in the financial markets and the corresponding regulatory landscape.
- Desirable: Experience of using data analytics tools such as KNIME, Python, Tableau and VBA for Excel.
- Someone who is keenly interested in the valuation of derivatives and strengthening risk and control framework.
- A team player who embraces knowledge sharing within the team and helps to establish and maintain a high-performance culture in the team.
- Someone who actively seeks opportunities for improvement, automation, and new ideas leading to performance improvement.
- Someone who enjoys working with people and can influence, motivate and establish partnerships with stakeholders to drive progress.
- The ability to work independently and resolve unstructured problems.
What we can offer you
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.
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Job Family Group: Finance
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Job Family: Product Control
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Time Type: Full time
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Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries (“Citi”) invite all qualified interested applicants to apply for career opportunities. 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 .
View the “EEO is the Law ” poster. View the EEO is the Law Supplement .
View the EEO Policy Statement .
View the Pay Transparency Posting .
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Vice President, UK and Europe Equities Valuation Control employer: Citigroup Inc.
Contact Detail:
Citigroup Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Vice President, UK and Europe Equities Valuation Control
✨Tip Number 1
Make sure to familiarize yourself with the latest global accounting and regulatory developments related to financial instrument valuation. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a fast-paced industry.
✨Tip Number 2
Network with professionals in the finance sector, especially those involved in valuation control or risk management. Engaging with them can provide insights into the role and may even lead to referrals, which can significantly boost your chances of landing the job.
✨Tip Number 3
Showcase your analytical skills by discussing any relevant projects or experiences where you've used data analytics tools like Python or Tableau. Highlighting your technical proficiency can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss how you approach problem-solving and your experience working with diverse teams. Emphasizing your ability to collaborate and influence stakeholders will resonate well with Citi's emphasis on teamwork and partnership.
We think you need these skills to ace Vice President, UK and Europe Equities Valuation Control
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in valuation, risk, or product control. Emphasize your analytical skills and any experience with financial products, especially derivatives.
Craft a Compelling Cover Letter: In your cover letter, express your interest in the role and how your background aligns with Citi's mission. Mention specific experiences that demonstrate your problem-solving abilities and teamwork.
Showcase Technical Skills: If you have experience with data analytics tools like KNIME, Python, or Tableau, be sure to include this in your application. Highlight how these skills can contribute to the Valuation Control Group.
Research Citi: Familiarize yourself with Citi's values and recent developments in the financial sector. This knowledge will help you tailor your application and prepare for potential interview questions.
How to prepare for a job interview at Citigroup Inc.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've successfully applied your analytical skills in valuation or risk control. Highlight how your problem-solving abilities have led to improved outcomes in previous roles.
✨Understand Financial Products
Make sure you have a solid understanding of financial products, especially derivatives. Be ready to explain how different market conditions can affect fair value and discuss any relevant experiences you have in this area.
✨Demonstrate Team Collaboration
Citi values teamwork, so be prepared to share instances where you've effectively collaborated with various stakeholders. Emphasize your ability to influence and motivate others to achieve common goals.
✨Express Interest in Continuous Improvement
Show your enthusiasm for automation and process improvement. Discuss any tools or methodologies you've used in the past to enhance efficiency, and express your eagerness to bring new ideas to the team.