Finance - Vp - Valuation Control Lead Analyst, Fxlm - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Job Purpose:

The role will cover valuation control of the entire inventory held within the EMEA business for the relevant asset class and will require strong communication skills and teamwork across multiple locations and departments.

Job Background/context:

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 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 impactedby 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.

Key Responsibilities:

Primary Responsibility

Responsibility for all aspects of valuation control of the business, including validation of market data inputs, reporting and analysis
Producing and implementing guidelines / procedures for fair valuation adjustments and price testing across the business, with particular attention to the design of control
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

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 / developing offshore team

Control Framework

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

Development Value:

Person Specification

Knowledge/Experience:

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

Skills:

Proven ability and experience of leading a team, both onshore and/or offshore
Ability to manage time and work priorities efficiently and effectively
Ability to perform within a time pressurized environment
Understanding how to design and maintain a robust control framework
Solid understanding or appreciation of derivative valuation methodologies in at least one Asset class. Cross asset class knowledge is preferred but indepth knowledge is expected in at least one area.
Solid understanding of cash and derivative markets for at least one asset class and an appreciation of riskmanagement and hedging practices in this space by sellside firms. Knowledge of overhedging techniques for derivatives is viewed favorably.
Handson experience of implementing new or enhancing existing valuation methodologies. Working with other stakeholders in driving change.
A strong understanding of accounting for fairvalued instruments, with a focus on complex / exotic derivatives
Excellent people management skills with the ability to lead, train and develop a team
Ability to communicate effectively, both written and verbal
Handson. Must have a good eye for detail, but also be able to communicate to seniors in a succinct/clear fashion

Competencies:

A proven track record of execution Leadership skills
Ability to work well in a teams (actual and matrix)
Ability to influence individuals outside of core management hierarchy
Selfmotivated and innovative
Ability to prioritize to ensure deadlines are met
Excellent interpersonal skills able to deal with a range of senior/junior staff across a number of disciplines

Qualifications:

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Job Family Group:

Finance

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Job Family:

Product Control

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Time Type:

Full time

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.

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