Senior Vice President- Valuations Methodology Specialist

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Citi
  • 22 Mar 19

Senior Vice President- Valuations Methodology Specialist

  • Primary Location: United Kingdom,England,London
  • Education: Bachelor's Degree
  • Job Function: Finance
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: No
  • Job ID: 18039259


Description

Job Purpose: 

We are seeking an outstanding candidate to be a Valuation Methodology Specialist, reporting into Head of Valuation Methodology for Citi.

Valuation Methodology is a new team within VCG, and one which is crucial and highly influential.  This team will focus on a wide-ranging and evolving scope of initiatives, from known valuation and governance issues to areas of changing and emerging market practice. 

The focus of this team will be to investigate these issues, provide thought-leadership to senior management on their resolution, and to provide specific, practical and implementable advice on how to address the issues.  Some of this will involve creation of new controls, implementation of new techniques, and the drafting of formal policy and other important governance documents, so senior-level experience of these disciplines is essential.

This role will provide expert thought-leadership on technical valuation issues across all areas of VCG's responsibilities globally, and cross-product.  The purpose of this team is to help ensure Citi has the most appropriate and complete valuation control framework across all areas of price verification, valuation adjustments and wider governance aspects.  This role requires significant technical understanding of the capital markets products traded by Citi. 

The individual in this role will be interacting with Senior Management within Finance, Front Office and Risk Management and will support the development of a strong valuation framework and the application of consistent valuation methodologies for Citi. 

Excellent communications and negotiation skills are vital. The successful candidate needs to demonstrate an ability to communicate complex ideas concisely and effectively.  The role also involves ensuring global consistency and working with the Senior Product Control Managers across the various regions. 

This is a position for an experienced, dynamic, technically-strong executive, who can manage all aspects of the role.  

Job Background/context:

Valuation Control Group (VCG) is a cornerstone of the Product Control 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 traded inventory, calculate market value adjustments and conduct new trade reviews.  

The successful candidate will play a critical leadership role within the Global Valuation Control team and support the Global Valuation Control Head.  

There will be regular interaction with a wide variety of other functions within Markets and Banking globally and within the Global Product Control organization. 

Key Responsibilities:

People Management and Leadership
• Ability to work across teams and silos, and to leverage existing relationships
• Will lead initiatives, and develop and propose solutions to complex technical challenges or control issues
• Active role as part of the broader regional and global product control team

Governance
• Will be responsible for developing and drafting formal policies, technical papers and governance documents

Flexibility and Adaptability:
• The priorities of this individual will be set by Head of Valuation Methodology, and this individual will be expected to manage those priorities appropriately as a senior manager.  There will be crucial deadlines that will need to be achieved.
• Adaptability to changing circumstances is crucial, as the prioritization of responsibilities will need to evolve with changing circumstances.  

Regulatory
• Experience of regulatory and audit focus from a control and governance perspective, and able to provide detailed practical guidance on implementing appropriate controls. 

Control Framework
• Broad understanding of control principles
• Will have responsibilities for defining and developing practical controls that can be implemented.

Development Value:

This is an important and influential hire for Product Control.  The successful candidate will be required to play a key role within the Global Product Control organization, by demonstrating a wide range of skills and the ability to develop and support Citi's global approach to Valuation Control, and the wider control environment.

Qualifications

Knowledge/Experience:

• Significant' experience in a technical 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:

Leadership and Management
• Excellent people Management
• People Development
• Inspires and empowers team and individuals


Drives Value for Clients
• Trusted partner, drive innovation, speed market by learning from others
• Anticipates, demonstrates understanding of expectations and needs

Work as a Partner
• Works collaboratively across the organization 
• Challenges self and colleagues to higher levels of performance
• Treats people with respect

Champions Progress
• Pushes for culture of high standards
• Sets positive tone and inspires enthusiasm
• Assists in executing the vision set forth by Senior Management and is responsive to changes in environment

Lives Citi Values
• 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

Delivers Results
• 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

Product Technical Knowledge
• Excellent understanding of complex structured products and different models used for valuation 

Control Mind-set
• Demonstrates a strong leadership and focus on control. Ensuring integrity of reporting and independence of controls associated with critical function

Strong Influencing and Presenting Skills
• Ability to communicate and deliver key messages to senior audience
• Credible in front of regulators and external auditors

Qualifications:

• A Bachelor's or Master's degree in any finance, economics or quantitative related subject.

Competencies:

• Leadership skills 
• Control focused
• Team Player
• Self-Motivated and innovative
• Ability to prioritize to ensure deadlines are met Strong Communication Skills, both written and oral
• Excellent interpersonal skills - able to deal with a range of senior/junior staff across a number of disciplines
• Proven influencing and negotiation skills

Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.

Valuing Diversity: Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success. 

Citi is an Equal Opportunities Employer