In-Business Risk - Valuation Risk Senior Vice President

Citigroup Inc.; City of Westminster; On-site; GBP 80,000 - 120,000; Full time

Job summary

A global financial institution is seeking an experienced professional in Valuation Control to oversee governance and perform critical responsibilities in managing valuation risk. The role requires 10+ years in Risk Management, a strong technical understanding of derivatives, and excellent communication skills for stakeholder engagement. The ideal candidate will have experience collaborating with regulators and internal audit, and must possess strong project management and organizational capabilities.

Qualifications

• 10+ years' experience in Risk Management or Valuation Control.
• Strong technical understanding of derivative valuations.
• Ability to adapt communication style for different audiences.

Responsibilities

• Perform 1LoD Valuation Controls and governance oversight.
• Generate materials for senior governance forums.
• Design controls to mitigate mis-valuation risks.

Skills

Risk Management

Valuation Control

Strong communication skills

Project management

Attention to detail

Education

Bachelor's degree

Master's degree preferred

Job description

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 operates 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

Additional Information

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law. 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 Citi\'s EEO Policy Statement and the Know Your Rights poster. Discover your future at Citi. Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you\'ll have the opportunity to grow your career, give back to your community and make a real impact.