Valuation Control VP - FX, Local Market Rates and Treasury
Publication date:
21 November 2024Workload:
100%Contract type:
Unlimited employment- Place of work:London
Role Introduction / Overview:
Valuation Control Group (VCG) Vice-President in the FX and Local Markets (FX/LM) EMEA team
FX/LM VCG responsibilities will include oversight and management of valuation control responsibilities for the Global FX, LM Rates Trading and Local Markets Treasury businesses. The regional responsibilities will include development of relationships with key stakeholders in the region, as well as coordination of deliverables to other stakeholders, such as Internal Audit and external regulators.
Business / Team Overview:
Valuation Control Group is a cornerstone of the Controllers Organization. The function is organized into product-aligned teams including a dedicated Price Verification team. The product scope is comprehensive and includes a full range of security and derivative products. Key responsibilities of the Valuation Control Group are to perform the independent price verification for Citi’s financial inventory, create valuation adjustments, perform fair-value levelling and evaluate the valuation implications of new trade activity. Valuation Control Group has a matrix organization with global business-aligned teams as well as a regional/local structure, which spans across businesses. The successful candidate will play a critical leadership role within the team, supporting the EMEA Head of FX/LM Valuation Control.
Some of the key responsibilities in the role:
- Responsible for valuation control related production, such as Independent Price Verification, Valuation Adjustments and Fair Value Hierarchy results
- Responsible for timely reporting and communication of results and significant matters to senior key stakeholders and the EMEA and Global Head of FXLM VCG
- Relationship management across other functions within Finance (Product Control, Accounting Policy, Local Finance) and the Front Office (Market Risk, Trading/Business Managers, Model Risk, Quants etc)
- Leading and supervising the Warsaw VCG Team responsible for the EMEA portfolios
- Representing EMEA FXLM when facing local country regulators, external and internal auditors
- Relationship management and development across other peers within FXLM and across other asset classes to ensure consistency of processes and controls
Development Value:
- Develop in-depth product knowledge for the types of trades in FX/LM asset classes, the market data and models used to value those products and their associated risks.
- Develop understanding of observability of market data for FVH and day1 review as well as potential hedging strategies used by the desk for calculation of bid-offer and liquidity adjustments.
- Build relationships with other key stakeholders across Citi
What knowledge, skills and experience we’ll need from you:
- Bachelor’s degree in any finance, accounting or quantitative related subject (exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience competencies)
- Excellent people skills: management and leadership; develops people; inspires and empowers the team and individuals
- Drives innovation
- Anticipates and demonstrates understanding of expectations and needs
- Works collaboratively across the organization
- Challenges self and colleagues to higher levels of performance
- Treats people with respect
- Pushes for culture of high standards and curiosity
- Sets positive tone and inspires enthusiasm
- Assists in executing the vision set forth by senior management and is responsive to changes in environment
- Sets the standards for the highest integrity in every decision
- Has the courage to always do what is right and the humility to learn from mistakes
- Sets high standards and achieves performance objectives
- Prioritizes and provides clear line of sight to most critical work
- Sets clear goals and measures progress
- Expects self and team to consistently meet/exceed expectations
- Control mind-set
- Strong influencing and presenting skills
- Ability to communicate and deliver key messages to senior audience
------------------------------------------------------
Job Family Group:
Finance------------------------------------------------------
Job Family:
Product Control------------------------------------------------------
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.
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 .
View the " EEO is the Law " poster. View the EEO is the Law Supplement .
View the EEO Policy Statement .
View the Pay Transparency Posting