Citigroup Finance, EMEA & APAC Lead for GSP Valuation Control, SVP in London, United Kingdom
We are seeking an outstanding candidate to be the EMEA & APAC Lead for GSP Valuation Control.
Independent Price Verification (IPV) is a key function within Citi and the team is a vital part of the Product Control organization. The goal for the Valuations Control team is to provide an exceptional quality analysis, while at the same time ensuring a robust control framework around the firm’s inventory valuations.
This role is responsible for all aspects of valuation control of the business, including validation of market data inputs, valuation adjustments, reporting and analysis. Strong technical understanding of derivative products is required. The individual in this role will interact with Senior Management of Front Office, Product Control and Risk Management. Implementation and curation of a strong governance framework and the application of consistent valuation methodologies across the relevant businesses is crucial.
Excellent communications and influencing skills are vital. The individual will meet with Front Office, internal/external audit and regulators on a regular basis. The successful candidate needs to demonstrate an ability to communicate complex ideas concisely and effectively.
The successful candidate will be expected to develop and leverage a network of business relationships
The Valuation Control team is a cornerstone of the Controller's function. 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.
The key responsibilities of the group are to perform the independent price verification for Citi’s financial inventory, validate valuation adjustments and evaluate the valuation implications of new trade activity.
The successful candidate will play a critical leadership role within the EMEA Valuation Control team and support the EMEA Valuation Control Head as well as the Global Head of GSP Valuation Control.
They will function as a regional lead for 2 regions within Global Spread Products (GSP) – both EMEA and APAC. The regional lead is responsible for communicating the regional IPV results as well as Senior Manager Regime (SMR) reporting.
There will be regular interaction with a wide variety of other functions within Markets and Banking globally and within the Global Product Control organization.
People Management and Leadership
Strong leadership characteristics that enable the individual to maintain a clear structure of accountability across all aspects of valuation.
Ability to influence senior IPV leads (within the GSP VCG team, as well as other asset classes where needed) and global internal partners (trading business, risk)
Good communication skills, driving presentations to the global business head(s) and other internal partners, as well as driving and communicating initiatives across the global VCG GSP team
Excellent project management skills, driving change globally and communicating and tracking projects effectively
Experience manager of managers, developing skills within a team which crosses multiple office locations
Assist in setting team’s agenda, direction, goals and objectives for the EMEA and APAC GSP Valuation Control Teams
Leading and guiding the team in developing techniques in identifying valuation issues
Active role as part of the broader regional and global product control senior management team
Constructively challenge Front Office valuations while building and maintaining these relationships
Accountability for the EMEA/APAC businesses within the GSP Valuations MCA (Manager Control Assessment)
Accountability for communicating control initiatives globally
Ownership for driving systems and control improvements
Responsibility for reviewing and engaging on all valuation matters relating to the EMEA/APAC businesses
Ownership of all valuation reporting for the EMEA/APAC businesses, including clear and effective presentation of results
Ensuring consistency of methodologies across the EMEA/APAC region for the relevant businesses as well as contributing to global consistency initiatives
Acting as the senior partner to the Business, Risk, Compliance and Finance in relation to valuation matters
- Senior point of contact with external audit and regulatory bodies, responsible for all aspects of valuation related reporting and controls
The successful candidate will be required to play a leadership role within the Global Product Control organization, by demonstrating a wide range of skills and the ability influence Citi’s global pricing policy
Suitable experience in a valuation, risk or product control related discipline, ideally coupled with experience of managing a team within this environment
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
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience
Job Family Group:
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Citi is an equal opportunity and affirmative action employer.
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