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- Tasks: Lead Valuation Risk controls and engage with internal audit and regulators.
- Company: Join Citi, a global leader in financial services with a diverse workforce.
- Benefits: Competitive salary, career growth opportunities, and a supportive work environment.
- Why this job: Make a real impact in financial risk management and develop your expertise.
- Qualifications: 10+ years in Risk Management or Valuation Control with strong communication skills.
- Other info: Collaborative culture with opportunities to influence senior stakeholders.
The predicted salary is between 72000 - 108000 £ per year.
Overview Valuation Control, whilst also leading engagements with internal audit (IA) and regulators.
Background 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.
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.
In-Business Risk - Valuation Risk, Senior Vice President in Westminster 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 Westminster
✨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 control. 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 of derivative valuations and market data structures. We recommend practising common interview questions and scenarios related to Valuation Risk to show you're ready to tackle the challenges head-on.
✨Tip Number 3
Showcase your project management skills! Be ready to discuss past experiences where you successfully managed multiple tasks or led a team. This will highlight your ability to adapt and thrive in a fast-paced environment, which is crucial for this 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 are proactive about their job search and genuinely interested in joining our team.
We think you need these skills to ace In-Business Risk - Valuation Risk, Senior Vice President in Westminster
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the job description. Highlight your 10+ years in Risk Management and any relevant projects you've led. We want to see how you fit into our Valuation Risk Team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about Valuation Control and how your background aligns with our needs. Remember, we love a good story, so make it engaging!
Showcase Your Communication Skills: Since strong communication is key for this role, ensure your application showcases your ability to influence stakeholders. Use clear and concise language, and don’t shy away from sharing examples of past successes.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets the attention it deserves. Plus, you’ll find all the info you need about the role and our team!
How to prepare for a job interview at Citigroup, Inc.
✨Know Your Valuation Risk Inside Out
Make sure you have a solid grasp of valuation risk concepts, especially around derivative valuations and the controls in place. Brush up on your understanding of market data structures and how they relate to derivative models. This will help you answer technical questions confidently.
✨Prepare for Stakeholder Engagement Scenarios
Since strong communication skills are key for this role, think about past experiences where you've influenced senior stakeholders or navigated complex discussions. Be ready to share specific examples that highlight your ability to adjust your communication style based on your audience.
✨Showcase Your Project Management Skills
With the need for excellent project management and organisational skills, prepare to discuss how you've successfully managed multiple tasks or projects simultaneously. Use the STAR method (Situation, Task, Action, Result) to structure your responses and demonstrate your adaptability.
✨Understand Regulatory and Audit Processes
Familiarise yourself with the regulatory landscape and internal audit processes related to valuation risk. Be prepared to discuss how you've handled similar requests in the past and what steps you took to ensure timely responses and effective remediation.
