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Valuation Control Manager - Rates

Job Req ID 21323084 Primary Location Budapest, Hungary Job Category Finance
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Join our expanding Citi Finance Team in Budapest and make your own progress in a supportive and friendly environment!

We are a people-oriented organization that appreciates and promotes personal and professional aspirations. Our corporate culture is empathic: we acknowledge life-work balance throughout your career path.

Valuation Control Manager – Rates

The Valuation Control Group (VCG) is an independent team of subject matter experts in Product Control 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

In this position you will use and expand your experience and professional skills for the following responsibilities:

  • Lead the Rates Valuation Control Team in Budapest (currently 9 FTE) with responsibility for Independent Price Verification, Valuation Adjustments, Fair Value Levelling, as well as pertaining analytical and project work
  • Comply with internal and external reporting requirements, including the EBA’s Regulatory Technical Standards on Prudent Valuation
  • Organize and lead valuation meetings with Business Functions, Risk, and Product Control counterparts
  • Drive end-user process innovation and actively participate in projects aimed at enhancing Citi’s valuation control infrastructure
  • Work towards a global consistency of processes and controls and ensure the successful execution of any process migrations from outside of EMEA
  • Maintain a sound communication and cooperation framework with the VCG teams in the regional offices as well as stakeholders outside of VCG
  • Promote a culture of controls-focused critical thinking and regular process enhancements
  • Exploit a collaborative and motivating attitude to join forces with colleagues for excellent results
  • Benefit from your organized personality, attention to details and independent working style
  • Use your experience and knowledge to drive and contribute to outstanding team performance

The ideal candidate for this position preferably possesses the following qualifications and skills:

  • At least 8-10 years’ professional experience in Finance (preferably in Valuations, Product Control, Risk, Financial Control, or similar functions)
  • University or College degree in economics, finance, mathematics, or a similar relevant discipline
  • Proven people management skills and ability to motivate and develop team members
  • Ability to communicate effectively and efficiently across functions and departments (in English)
  • Solid capital markets product knowledge, with special regards to interest rate derivatives
  • Strong computer literacy with special regards to Microsoft Excel (VBA and Python being a plus)

We are a development-focused organization. The above qualifications and skills are considered as primary assets for the position – but we do not pursue perfectionism: we look for capable colleagues and help them grow to excellence in their fields and positions.

Benefits

  • Managing a team in a multicultural banking environment and close interaction with other locations
  • Exposure to a wide range of different capital market products
  • In-depth understanding of pricing and price verification approaches
  • Flexible work arrangements in an organization that acknowledges life-work balance
  • Career management and mentoring by senior colleagues and leaders
  • Opportunity for participation in managerial development initiatives
  • inclusive and friendly corporate culture where gender diversity and equality is widely recognized
  • A socially active team and communities with diverse networking opportunities
  • A supportive workplace for professionals returning to the office from childcare leave
  • Competitive compensation package

Your journey and flexible career at Citi begins here – apply now!

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Job Family Group:

Finance

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Job Family:

Product Control

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Time Type:

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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.

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View the EEO Policy Statement.

View the Pay Transparency Posting

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