Valuation Control Vice President – Rates

Discover your future at Citi

Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Job Overview

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 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 the Markets division.

What you’ll do

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

• 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

• Professional experience in Finance (preferably in Valuations, Product Control, Risk, Financial Control, or similar functions).
• Strong understanding of current global accounting and regulatory developments pertaining to valuation of financial instruments.
• University or College degree in economics, finance, mathematics, or a similar relevant discipline.
• Ability to communicate effectively and efficiently across functions and departments (in English).
• Solid capital markets product knowledge, with special regards to rates derivatives.
• Strong computer literacy with special regards to Microsoft Excel (VBA and Python being a plus).
• Bachelor’s degree/University degree or equivalent experience.
• Master’s degree preferred.

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 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 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.

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Job Family Group:

Finance

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Job Family:

Valuation Control

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Time Type:

Full time

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Most Relevant Skills

Communication, Data Analysis, Digital Skills, Domain Expertise, Internal Controls, Planning and Organizing, Product Knowledge, Risk Management, Stakeholder Management, Technical Product Modeling.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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