Valuation Control Lead Analyst, Policy SME, VP

The Valuation Control Lead Analyst is a senior level position responsible for leading efforts in the   Independent Price Verification, Valuation Adjustment and Fair Value Hierarchy processes.

Responsibilities include:

• Develop and maintain in-depth knowledge of Valuation Control industry trends
• Contribute to the directional strategy of the Valuation Control function, anticipating the impact to daily work and the business
• Evaluate and resolve complex valuation issues and select the best action by weighing various alternatives and balancing potentially conflicting needs
• Can exercise independence of judgement and significant autonomy.
• Begin developing mastery of knowledge of product valuation, industry practices and standards
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 6-10 years of relevant experience
• Consistently demonstrates clear and concise written and verbal communication

Education:

• Bachelor’s degree/University degree or equivalent experience
• Masters Degree preferred

Job Description:

We are seeking an outstanding candidate to join the Valuation Policy team within the Valuation Control Group (VCG) for Citi, reporting into the Global Head of Valuation Policy.

The Valuation Control Group (VCG) is a cornerstone of Citi Controllers. VCG is responsible for the independent valuation control of Citi’s traded inventory, as well as other areas where fair value principles need to be applied, such as PRA/ECB Prudent Valuation requirements. The group is organized into global product aligned teams and specialised functions such as Reporting, Valuation Methodology & International, and Design & Execution.

The key responsibilities of the group are to perform the independent price verification for traded inventory, calculate valuation adjustments, ensure appropriate valuation governance, and conduct new trade reviews.

The Methodology and International team is a specialised function within VCG and one which is crucial and highly influential, and key to our strategic success. The responsibilities of the team are to:

• Ensure Citi has the most appropriate and complete valuation control framework across all areas of price verification, valuation adjustments and wider valuation governance. This includes all aspects of overarching Policy, Standards, Procedures and Methodologies, covering both accounting and regulatory requirements.
• Lead the department in its US and International regulatory engagements and exams, as well as managing external and internal audits, and any remediation efforts.
• Ensure there is strong oversight of valuation controls across all International legal entities, along with the associated regulatory responsibilities, working in close partnership with local controllers and our wider legal entity stakeholders.

The individual will be responsible for delivering valuation projects to address regulatory findings from Citi’s regulators, responding to new and emerging valuation practices and contributing to VCG’s delivery of strategic group-wide transformation initiatives.

Development Value:

This is a great opportunity for a Finance professional to grow their career, a key role requiring regular interaction with internal and external stakeholders, allowing for significant networking, advisory and partnership opportunities.

Key Responsibilities:

Policy

• Defining and implementing control procedures to ensure VCG complies with US and International regulatory obligations and relevant accounting standards.

Cross-Asset Methodology

• Developing cross-asset valuation methodologies/models and responding to new and emerging valuation practices.

Control

• Ensuring VCG’s compliance with critical firmwide policies, including model risk management policy and associated controls.

Governance

• This individual must be able to understand how to implement strong and effective governance.

Flexibility & Adaptability:

• The priorities of this individual will be set by Global Head of Valuation Policy, which may include regulatory obligations, so there will be crucial deadlines that will need to be achieved.
• Adaptability