Valuation Control Group Manager, Rates, Senior Vice President

Citi; London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

Join Citi’s Loan’s Finance Team in London as part of the Valuation Control Group. This position offers opportunities for professional growth within a global financial institution, requiring collaboration with multiple stakeholders and expertise in valuation and risk management. You'll gain exposure to various financial products and processes in a dynamic environment.

Benefits

Generous holiday allowance starting at 27 days

Performance-related annual bonus

Private medical insurance

Employee Assistance Programme

Pension Plan

Paid Parental Leave

Special discounts for employees

Qualifications

• Proven track record in valuation, risk, or product control.
• Strong understanding of global accounting and regulatory developments.
• Experience in using data analytics tools.

Responsibilities

• Review and report fair value inventory across all asset classes.
• Conduct Independent Price Verification (IPV) and Fair Value Adjustments.
• Manage external, internal, and regulatory audits.

Skills

Analytical skills

Problem solving

Communication

Data analytics

Team collaboration

Education

Bachelor’s or master’s degree in finance, economics or quantitative related subject

Tools

KNIME

Python

Tableau

VBA for Excel

Job description

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 Loan’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 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 G10 Rates business. And provides an excellent platform to learn Rates markets. 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 you will be doing

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
• Over-hedge governance
• External, Internal and Regulatory Audits
• MI (Management Information) reporting
• A wide range of projects

What we need from you

• Proven track record of success within valuation, risk or product control related disciplines.
• Strong understanding of current global accounting and regulatory developments pertaining to valuation of financial instruments.
• Knowledge of financial products including derivatives including how different market regimes present Fair Value challenges such as severe market downturn during Covid.
• Interest in the financial markets and the corresponding regulatory landscape.
• Experience of using data analytics tools such as KNIME, Python, Tableau and VBA for Excel.
• 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.
• Actively seeks opportunities for improvement, automation, sources of new ideas and approaches leading to performance improvement.
• Enjoys working with people and can influence, motivate and establish partnerships with stakeholders to drive progress.
• Ability to work independently and resolve unstructured problems.
• Bachelor’s or master’s degree in any finance, economics or quantitative related subject.

What we can offer you

• 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 resource

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.

#LI-JD7

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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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