Vice President, UK and Europe Equities Valuation Control

Posted:
9/25/2024, 12:16:32 PM

Location(s):
London, England, United Kingdom ⋅ England, United Kingdom

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Data & Analytics

Workplace Type:
Hybrid

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 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 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
  • Overhedges governance
  • External, Internal and Regulatory Audits
  • MI (Management Information) reporting
  • A wide range of projects.

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 we’ll need from you

  • Experience in a valuation, risk or product control related discipline.
  • A Bachelor’s or Master’s degree in any finance, economics or quantitative related subject.
  • 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.
  • Desirable: Experience of using data analytics tools such as KNIME, Python, Tableau and VBA for Excel.
  • Someone who is 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.
  • Someone who actively seeks opportunities for improvement, automation, sources of new ideas and approaches leading to performance improvement.
  • Someone who enjoys working with people and can influence, motivate and establish partnerships with stakeholders to drive progress.
  • The ability to work independently and resolve unstructured problems.

What we can offer you

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

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 resources 

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. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities. 

#LI-JD2

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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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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.

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