The Role
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 Equities and Hybrids business. And provides an excellent platform to learn Equity and Hybrids markets, meaning a one stop shop to learn all the asset classes. 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) LevellingPrudent ValuationValuation UncertaintyNew Trade/Product Approvals and New Model ApprovalsOver-hedge governanceExternal, Internal and Regulatory AuditsMI (Management Information) reportingA wide range of projectsWhat we need from you
Proven track record of success within valuation, risk or product control related disciplinesStrong understanding of current global accounting and regulatory developments pertaining to valuation of financial instrumentsKnowledge of financial products including derivatives including how different market regimes present Fair Value challenges such as severe market downturn during CovidInterest in the financial markets and the corresponding regulatory landscapeExperience of using data analytics tools such as KNIME, Python, Tableau and VBA for ExcelKeenly interested in the valuation of derivatives and strengthening risk and control frameworkA team player who embraces knowledge sharing within the team and helps to establish and maintain a high-performance culture in the teamActively seeks opportunities for improvement, automation, sources of new ideas and approaches leading to performance improvementEnjoys working with people and can influence, motivate and establish partnerships with stakeholders to drive progressAbility to work independently and resolve unstructured problemsBachelors or masters 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 tenureA discretional annual performance related bonusPrivate medical insurance packages to suit your personal circumstancesEmployee Assistance ProgramPension PlanPaid Parental LeaveSpecial discounts for employees, family, and friendsAccess to an array of learning and development resourceAlongside 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 energized to join us, motivated to stay, and empowered to thrive.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
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Job Family Group:
Finance------------------------------------------------------
Job Family:
Product Control------------------------------------------------------
Time Type:
Full time------------------------------------------------------
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