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Form of workJob Purpose:
We are seeking an outstanding candidate to manage the price verification process covering the Credit Correlation, Primary CLO, and TRS businesses under Global Spread Products.
The Valuation Control Group (VCG) is a key function within Citi and the team is a vital part of the Product Control organization. The goal for the Valuations Control team is to provide an exceptional quality analysis, while at the same time ensuring a robust control framework around the firm's inventory valuations.
This role is responsible for all aspects of Valuation Control of the business, including validation of market data inputs, valuation adjustments, reporting and analysis. A strong technical understanding of derivative products is required. The individual in this role will interact with Senior Management of Front Office, Product Control and Risk Management. Implementation and curation of a strong governance framework and the application of consistent valuation methodologies across the relevant businesses is crucial.
Excellent communications and influencing skills are vital. The individual will meet with Front Office, internal/external audit and regulators on a regular basis. The successful candidate needs to demonstrate an ability to communicate complex ideas concisely and effectively.
The successful candidate will be expected to develop and leverage a network of business relationships.
Job Background/context:
The Valuation Control team is a cornerstone of the Product Control function. The function is organized into product-aligned teams including a dedicated Price Verification team. The product scope is comprehensive and includes a wide range of security and derivative products, however the primary focus of this role will be centered on derivative price verification.
The key responsibilities of the group are to perform the independent price verification for Citi's financial inventory, validate valuation adjustments, assign and establish methodologies to assign FV levelling classification to the firm's inventory, and evaluate the valuation implications of new trade activity.
Key Responsibilities:
o Oversee price verification process, and manage a team covering multiple derivative centric businesses under Global Spread Products.
o Oversee and develop strong control environment including development and implementation of valuation methodologies, VA methodologies, and FV Levelling methodologies.
o Successful candidate must possess excellent communication skills, driving presentations to the business leads and other internal stakeholders.
o Responsible for leading the team through both internal, external, and regulatory audits of the price verification control process.
o Successful candidate must possess excellent project management skills, driving change globally and communicating and tracking projects effectively
o Ability to influence senior IPV leads (within the GSP VCG team, as well as other asset classes where needed) and global internal partners (trading business, risk).
o Constructively challenge Front Office, and third party valuation firm's while simultaneously building and maintaining these relationships
o Ownership of all valuation reporting for the relevant NAM businesses, including clear and effective presentation of results
o Developing and maintaining documentation related to price verification methodologies.
o Ensuring consistency of methodologies are applied Globally for the relevant businesses as well as contributing to global consistency initiatives
o Acting as a partner to the Business, Risk, Compliance and Finance in relation to valuation matters
Knowledge/Experience:
o Multiple years of experience in a valuation, risk or product control related discipline with a focus on derivatives.
o A Bachelor's or Master's degree in any finance, economics or quantitative related subject.
o Previous experience with team management
Skills / Competencies:
o Excellent understanding of derivative products. Specific focus on credit derivatives a plus.
o Excellent communication skills, both written and oral
o Excellent Excel skills
o Excellent people management skills
o Ability to understand complex concepts and effectively challenge peers in Finance, Risk and the Business Inspires and empowers team and individuals
o Self-Motivated, and innovative
o Ability to prioritize multiple tasks, and strong project management skillset
o Strong Communication Skills, both written and oral
o Excellent interpersonal skills - able to deal with a range of senior/junior staff across a number of disciplines
o Proven influencing and negotiation skills
We are currently working on a hybrid schedule consisting of 2-3 days in office and the remainder remote (specific details depend on location and business group) and may be subject to change. This is not a remote only role.
Job Family Group:
Finance
Job Family:
Product Control
Time Type:
Full time
Primary Location:
New York New York United States
Primary Location Salary Range:
$125,540.00 - $188,310.00
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. 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 the "EEO is the Law" poster. View the EEO is the Law Supplement.
View the EEO Policy Statement.
View the Pay Transparency Posting
We are seeking an outstanding candidate to manage the price verification process covering the Credit Correlation, Primary CLO, and TRS businesses under Global Spread Products.
The Valuation Control Group (VCG) is a key function within Citi and the team is a vital part of the Product Control organization. The goal for the Valuations Control team is to provide an exceptional quality analysis, while at the same time ensuring a robust control framework around the firm's inventory valuations.
This role is responsible for all aspects of Valuation Control of the business, including validation of market data inputs, valuation adjustments, reporting and analysis. A strong technical understanding of derivative products is required. The individual in this role will interact with Senior Management of Front Office, Product Control and Risk Management. Implementation and curation of a strong governance framework and the application of consistent valuation methodologies across the relevant businesses is crucial.
Excellent communications and influencing skills are vital. The individual will meet with Front Office, internal/external audit and regulators on a regular basis. The successful candidate needs to demonstrate an ability to communicate complex ideas concisely and effectively.
The successful candidate will be expected to develop and leverage a network of business relationships.
Job Background/context:
The Valuation Control team is a cornerstone of the Product Control function. The function is organized into product-aligned teams including a dedicated Price Verification team. The product scope is comprehensive and includes a wide range of security and derivative products, however the primary focus of this role will be centered on derivative price verification.
The key responsibilities of the group are to perform the independent price verification for Citi's financial inventory, validate valuation adjustments, assign and establish methodologies to assign FV levelling classification to the firm's inventory, and evaluate the valuation implications of new trade activity.
Key Responsibilities:
o Oversee price verification process, and manage a team covering multiple derivative centric businesses under Global Spread Products.
o Oversee and develop strong control environment including development and implementation of valuation methodologies, VA methodologies, and FV Levelling methodologies.
o Successful candidate must possess excellent communication skills, driving presentations to the business leads and other internal stakeholders.
o Responsible for leading the team through both internal, external, and regulatory audits of the price verification control process.
o Successful candidate must possess excellent project management skills, driving change globally and communicating and tracking projects effectively
o Ability to influence senior IPV leads (within the GSP VCG team, as well as other asset classes where needed) and global internal partners (trading business, risk).
o Constructively challenge Front Office, and third party valuation firm's while simultaneously building and maintaining these relationships
o Ownership of all valuation reporting for the relevant NAM businesses, including clear and effective presentation of results
o Developing and maintaining documentation related to price verification methodologies.
o Ensuring consistency of methodologies are applied Globally for the relevant businesses as well as contributing to global consistency initiatives
o Acting as a partner to the Business, Risk, Compliance and Finance in relation to valuation matters
Knowledge/Experience:
o Multiple years of experience in a valuation, risk or product control related discipline with a focus on derivatives.
o A Bachelor's or Master's degree in any finance, economics or quantitative related subject.
o Previous experience with team management
Skills / Competencies:
o Excellent understanding of derivative products. Specific focus on credit derivatives a plus.
o Excellent communication skills, both written and oral
o Excellent Excel skills
o Excellent people management skills
o Ability to understand complex concepts and effectively challenge peers in Finance, Risk and the Business Inspires and empowers team and individuals
o Self-Motivated, and innovative
o Ability to prioritize multiple tasks, and strong project management skillset
o Strong Communication Skills, both written and oral
o Excellent interpersonal skills - able to deal with a range of senior/junior staff across a number of disciplines
o Proven influencing and negotiation skills
We are currently working on a hybrid schedule consisting of 2-3 days in office and the remainder remote (specific details depend on location and business group) and may be subject to change. This is not a remote only role.
Job Family Group:
Finance
Job Family:
Product Control
Time Type:
Full time
Primary Location:
New York New York United States
Primary Location Salary Range:
$125,540.00 - $188,310.00
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. 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 the "EEO is the Law" poster. View the EEO is the Law Supplement.
View the EEO Policy Statement.
View the Pay Transparency Posting
