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- Tasks: Monitor and challenge valuation controls while producing governance materials.
- Company: Join Citi, a leading global financial services company with a commitment to innovation.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Why this job: Make an impact in risk management and collaborate with top professionals in finance.
- Qualifications: 10+ years in Risk Management or Valuation Control with strong technical skills.
- Other info: Dynamic role with global reach and excellent career advancement opportunities.
The predicted salary is between 43200 - 72000 £ 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.
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 - Citi in London employer: Jobs via eFinancialCareers
Contact Detail:
Jobs via eFinancialCareers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land In-Business Risk - Valuation Risk, Senior Vice President - Citi 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 on the hiring process.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can discuss derivative valuations and risk management confidently. We want you to shine when it comes to showcasing your expertise!
✨Tip Number 3
Don’t just wait for job postings! Keep an eye on our website and apply directly through it. This shows initiative and gives you a better chance of being noticed by the hiring team.
✨Tip Number 4
Practice your communication skills. You’ll need to influence senior stakeholders, so being able to adjust your style to suit your audience is key. Mock interviews with friends can help you nail this!
We think you need these skills to ace In-Business Risk - Valuation Risk, Senior Vice President - Citi in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your experience in risk management and valuation controls. We want to see how your background aligns with the specific responsibilities mentioned in the job description.
Showcase Your Skills: Don’t just list your skills; demonstrate them! Use examples from your past roles that showcase your technical understanding of derivative valuations and your ability to manage projects effectively.
Be Clear and Concise: When writing your application, keep it clear and concise. We appreciate straightforward communication, especially when it comes to complex topics like valuation risk. Make it easy for us to see your qualifications!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you’re considered for the role without any hiccups!
How to prepare for a job interview at Jobs via eFinancialCareers
✨Know Your Valuation Controls
Make sure you brush up on the specific valuation controls mentioned in the job description. Understand how they work and be ready to discuss your experience with oversight and governance of these controls. This will show that you’re not just familiar with the concepts but can also apply them effectively.
✨Showcase Your Collaboration Skills
Since this role requires working closely with Traders, Quants, and other teams, prepare examples of how you've successfully collaborated in the past. Highlight any cross-functional projects you've led or been a part of, as this will demonstrate your ability to work well in a team-oriented environment.
✨Prepare for Technical Questions
Expect to dive deep into technical discussions about derivative valuations and market data structures. Brush up on your knowledge and be ready to explain complex concepts clearly. This will help you stand out as someone who not only understands the theory but can also communicate it effectively.
✨Demonstrate Your Risk Management Mindset
Be prepared to discuss how you've identified and mitigated risks in previous roles. Share specific examples where your strong controls mindset made a difference. This will reassure the interviewers that you have the right approach to managing valuation risk in their organisation.
