Posted:
8/14/2024, 5:00:00 PM
Location(s):
England, United Kingdom ⋅ London, England, United Kingdom
Experience Level(s):
Expert or higher ⋅ Senior
Field(s):
Finance & Banking
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 and experience 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 an independent team of subject matter experts within the Finance Division. VCG’s primary responsibility is to reasonably ensure that risk portfolios are fairly valued in accordance with applicable standards and regulatory requirements. In doing so, the team works closely with its stakeholders, including senior management, business heads, product control, market risk, regulators, and both internal and external audit.
As part of the team of diverse and supportive professionals, the main tasks are concerned with performing valuation control processes for various Rates businesses within Citi’s Institutional Clients Group.
What you’ll do
Be one of the lead figures of the Rates Valuation Control Team in London with responsibility for Independent Price Verification, Valuation Adjustments, Fair Value Levelling, as well as pertaining analytical and project work
Responsibility for all aspects of valuation control of the business, including validation of market data inputs, reporting and analysis
Producing and implementing methodologies / procedures for valuation adjustments, price testing and fair value levelling across the business, with particular attention to the design of controls
Ensuring timely remediation of regulatory matters requiring attention, audit findings and reporting demands associated with the area of responsibility
Identifying pricing issues, valuation parameters or instrument types that may require particular attention with critical analysis of the valuation issues involved
Take a leading role in global, cross-functional projects
Acting as a business partner to the Business, Risk, Compliance and Finance
Enhancement and effective management of the VCG control and governance framework associated with the Rates Business
What we’ll need from you
Suitable Finance experience, preferably in Valuations, Product Control, Risk, Financial Control, or similar functions and ideally gained from within Financial Services
Solid Capital Markets product knowledge, with special regards to Rates derivatives
Strong understanding of current global accounting and regulatory developments pertaining to valuation of financial instruments
Ability to communicate effectively and efficiently across functions and departments (in English)
Strong computer literacy with special regards to Microsoft Excel (VBA and Python being a plus)
University or College degree in economics, finance, mathematics, or a similar relevant discipline; Master’s degree preferred
What we can offer you
This is a role that will offer you the opportunity to build and develop an in-depth knowledge within Finance and drive your career forward.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
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 Program
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 energized to join us, motivated to stay, and empowered to thrive.
#LI-JD1
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Job Family Group:
Finance------------------------------------------------------
Job Family:
Product Control------------------------------------------------------
Time Type:
Full time------------------------------------------------------
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.
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Website: https://www.citigroup.com/
Headquarter Location: New York, New York, United States
Employee Count: 10001+
Year Founded: 1812
Last Funding Type: Post-IPO Equity
Industries: Banking ⋅ Credit Cards ⋅ Financial Services ⋅ Wealth Management