Valuation Control Sr. Analyst - Credit and Structured Products

Citizens; Boston (MA); On-site; USD 157,000 - 165,000; Full time

Benefits offered by this job

Comprehensive medical, dental and vision coverage

Retirement benefits

Maternity/paternity leave

Flexible work arrangements

Education reimbursement

Wellness programs

Job summary

A prominent financial services firm in Boston is seeking a Valuation Control Analyst in Commercial Banking. The role involves executing price verification processes, collaborating with Trading and Finance, and enhancing control frameworks. Candidates should have experience in Product Control or related fields. Competitive salary ranging from $157,000 to $165,000 is offered, along with various benefits. The ideal candidate will have qualifications such as CFA or a Master's in a quantitative discipline.

Qualifications

• Previous experience with Convertible Bonds, Asset-Backed Securities, HY/IG Bonds, and Mortgage rights.
• Strong understanding of market analysis and valuation risks.
• Ability to implement control frameworks and pricing processes.

Responsibilities

• Execute price verification and benchmark processes.
• Collaborate with Trading and Finance for ongoing valuation risk assessment.
• Analyze markets, P&L, and risk factors daily.
• Enhance control efficiency and independent pricing processes.

Skills

Product Control

Valuation Control

Independent Price Verification

Education

CFA/FRM Preferred

Masters in quantitative discipline

Job description

Valuation Control Analyst, Credit and Structured Products will report to the SVP – Head of Valuation Control within Commercial Banking and is a new role within Citizens. The incumbent will play a critical role and have several key responsibilities in supporting Valuation of Citizens fair value asset portfolios. This role is a ground floor opportunity to assist in the build out of a group in a growing part of Citizens business.

Primary Responsibilities Include

• Execute a price verification/benchmark process including the calculation of fair value adjustments.
• Work with Trading, Middle Office, Finance and Model Risk to continually monitor the various valuation risks of the business and implement appropriate adjustments.
• Perform analysis of markets, P&L, & Risk daily with understanding of the factors that drive the valuation risk.
• Enhance existing control framework including reviewing independent pricing processes, assessing potential coverage developments, and implementing new tools to enhance control efficiency.

Required Qualifications

Qualifications, Education, Certifications and/or Other Professional Credentials

• Previous Product Control, Valuation Control or Independent Price Verification coverage for one or more of following products: Convertible Bonds, Asset-Backed Securities, HY/IG Bonds, Mortgage/Mortgage Servicing Rights

Preferred Qualifications

• CFA/FRM Preferred
• Masters in quantitative discipline

Hours & Work Schedule

Hours per Week: 40

Work Schedule: Monday – Friday

Pay Transparency

The salary range for this position is $157,000 - $165,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time‑away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.

Work Authorization

This role is not eligible for new employer sponsored or current H‑1B visa holders. Applicants, including current OPT, L and other visa holders, must be authorized to work in the U.S. without the need for new employer sponsorship for themselves or their spouses now and in the future.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.

Why Work for Us

At Citizens, you'll find a customer‑centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth.