
SVP of Control Management – Citi
Accounting Finance @Citi posted 2 weeks agoJob Detail
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Job Fetch Source UK Jobs
Job Description
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 We are seeking an outstanding candidate to be part of the EMEA Equities Valuation Control team as Valuation Control Supervisor
The candidate must have a strong understanding of current global accounting and regulatory developments pertaining to the valuation of financial instruments, along with a strong understanding of implementing/maintaining an effective control framework
The role will cover valuation control of the entire inventory held within the EMEA Equities business 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, it is important that the candidate demonstrates an aptitude to succeed in learning the technical aspects of Equities valuations, in order to pose a credible challenge to a growing business
What you’ll do The Valuation Control Group (VCG) is an independent global group within Product Control responsible for reviewing and reporting fair value inventory consistently across all asset classes. VCG is organised 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 parts of the Equities business from a valuation perspective within EMEA
Due to the small size of the team, the candidate will be expected to have hands-on involvement
Primary Responsibility 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 and price testing across the business, with particular attention to the design of controls
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 breaches 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 People Management and Leadership Leadership and accountability for parts of EMEA Equities Valuations
Acting as a business partner to the Business, Risk, Compliance and Finance
Managing / developing offshore team
Control Framework Enhancement and effective management of the VCG control and governance framework associated with the EMEA Equities Business
What we’ll need from you Experience in a valuation, risk or product control related discipline
Strong understanding of current global accounting and regulatory developments pertaining to valuation of financial instruments
Ability to understand complex concepts and effectively challenge peers in Finance, Risk and the Business
Strong communication skills, both written and oral
Ability to manage time and work priorities efficiently and effectively
Ability to perform within a time pressurised environment
Understanding how to design and maintain a robust control framework
Understanding of cash and derivative valuation methodologies in at least one Asset class
Hands-on experience of implementing new or enhancing existing valuation methodologies
Working with other stakeholders in driving change
An understanding of accounting for fair-valued instruments, with a focus on complex / exotic derivatives
Excellent people management skills with the ability to train and develop a team
Ability to communicate effectively, both written and verbal
Hands-on
Have a good eye for detail, but also be able to communicate to seniors in a succinct/clear fashion. A proven track record of execution skills
Ability to work well in a teams (actual and matrix)
Ability to influence individuals outside of core management hierarchy
Self-motivated and innovative
Ability to prioritise to ensure deadlines are met
Excellent interpersonal skills – able to deal with a range of senior/junior staff across a number of disciplines. A Bachelor’s degree or Master’s degree in any finance, economics or quantitative related subject required
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 Programme 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
Job Family Group: Finance Job Family: Valuation Control Time Type: Full time Most Relevant Skills Communication, Data Analysis, Digital Skills, Domain Expertise, Internal Controls, Planning and Organizing, Product Knowledge, Risk Management, Stakeholder Management, Technical Product Modeling
Other Relevant Skills For complementary skills, please see above and/or contact the recruiter
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law
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
View Citi’s EEO Policy Statement and the Know Your Rights poster.
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