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Valuation Control Senior Manager - Securities Hub

Job Req ID 22462302 Primary Location Warsaw, Poland Job Category Finance
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Location: Citi Solutions Center, Warsaw, Prosta 36

Job purpose:

We are seeking a highly motivated candidate to work within the Valuation Control Group as a regional supervisor in Rates and Currencies Team.

The candidate must have a strong understanding of the valuation of financial instruments, implementing/maintaining an effective control framework, along with regulatory developments and global account standards that impact financial valuations.

The role will cover valuation control of the Rates and Currencies inventory and will require strong communication skills and teamwork across multiple locations and departments.

Due to the technical nature of the role and the high-volume nature of the business, the successful candidate will demonstrate an aptitude in discussing the technical aspects of valuations to pose a credible challenge to the business.

Team overview:

The Valuation Control Group (VCG) is an independent global group within Product Control responsible for reviewing and reporting fair value inventory and Rates and Currencies positions consistently across all asset classes.

VCG is organized along business lines and clients of the group include Business Heads, Line Product Control, Market Risk, Model Risk, Compliance, Legal Department, Middle Office, Internal Audit, external audit firms and the regulatory bodies in countries impacted by Citi’s footprint. VCG collaborates closely with its client base to ensure complete understanding of business valuation issues and accurate execution of valuation control policy.

The successful candidate will supervise the Rates and Currencies Valuation Control business from a global valuation perspective and will be expected to have hands-on involvement as well as supervisory responsibility.

Responsibilities:

Primary Responsibility

  • Responsible for working across Product Control, Risk and Operations and Business to perform IPV
  • Supervising team
  • Developing and carrying out price testing for Securities related products across all asset classes.
  • Developing valuation adjustments methodologies and performing relevant calculations
  • Compilation of data to produce detailed Valuation reports for Desk Heads, Controllers and Risk summarizing the valuation control results across the Business
  • Ensuring appropriate regulatory reporting on monthly basis
  • Creating and maintaining relevant process documentation
  • Enhancing existing control framework by reviewing pricing processes, assessing potential coverage developments and implementing new tools to enhance control efficiency
  • Developing strong working relationships with the Desk, Finance, Audit, Quant and Market Risk partners throughout the firm
  • Ad-hoc projects that arise relating to further streamlining (or retirement) of existing systems or assisting in the introduction of new systems
  • Performing ad hoc analysis on any new pricing issues
  • Coordinate globally and ensure consistent independent valuation methodologies are applied
  • Ensuring timely remediation of regulatory matters requiring attention, audit findings and associated reporting demands associated with the area of responsibility
  • Development of appropriate controls to effectively ensure compliance with Policies and Standards pertaining to valuation control.
  • Acting as first point of escalation with regards to any discrepancies and price variance threshold breaches
  • Play a lead role in key valuation projects through significant involvement in the UAT workstreams.
  • Keep up with the market developments and use the knowledge in reviewing fair value movements.
  • Review changes to front office pricing models and provide sign-off from valuation control standpoint.

People Management and Leadership

  • Strong leadership and accountability for the relevant asset class valuations
  • Acting as a business partner to the Business, Risk, Compliance and Finance
  • Managing teams

Control Framework

  • Enhancement and effective management of the VCG control and governance framework associated with the relevant asset class business

Knowledge/Experience:

  • 5+ years of experience performing valuation related analysis on a wide array of asset types
  • Comprehensive understanding of financial markets and valuation methodologies applicable to the pricing of liquid and illiquid investments
  • Understanding of current global accounting and regulatory developments pertaining to valuation of financial instruments
  • Understand complex valuation concepts
  • Proficient in MS Excel; Programming experience is a plus
  • Ability to comply with all required controls, governance and policies
  • Highly organized with program management skills
  • Strong communication skills, both written and oral
  • Proven ability and experience leading a team, both onshore and/or offshore
  • Excellent people management skills with the ability to lead, train and develop a team
  • Excellent interpersonal skills – able to deal with a range of senior/junior staff across a number of disciplines
  • Understanding how to design and maintain a robust control framework
  • Hands-on experience of implementing new or enhancing existing valuation methodologies
  • A Bachelor’s or Master’s degree in any finance, economics or quantitative related subject would be an asset

What we offer:

  • Work in a challenging area of the financial industry with one of the world's leading companies with exposure to variety of products, processes and controls
  • Cooperation with a high quality, international, multicultural and global team
  • Work in a friendly and diversified environment, appreciating differences in style and perspective and using them to add value to decisions leading to organizational success
  • Management supporting balanced and agile work (flexible working hours, home office)
  • Attractive benefits package (Benefit System, medical care, pension plan etc.)
  • A chance to make a difference with various affinity networks and charity initiatives

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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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