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The role is part of the Valuation Control Group (VCG) team in Budapest. VCG's primary responsibility is to reasonably ensure that risk portfolios are fairly valued in accordance with applicable standards and regulatory requirements. VCG works with trading and quantitative groups to fully understand the impact of valuation uncertainty on the desk's level of pricing and any accompanying fair value adjustments. The team also participates in the approval of new products, where appropriate.
The Valuation Control Group (VCG) is an independent group of subject matter experts in Product Control within the Finance Division. VCG is organized along business lines and clients of the group include Desk Heads, Line Product Control, Market Risk, Model Validation, Compliance, Legal Department, Middle Office, Internal Audit, external audit firms, and 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 policies.
Performing valuation control processes for one or multiple EMEA and/or APAC businesses within Citi's Institutional Clients Group, including independent price verification (IPV), valuation adjustment calculations/reviews, fair value levelling, as well as valuation control reporting and analysis
Addressing valuation issues across a wide range of products (vanilla and complex products)
Designing and implementing valuation adjustments and price testing methodologies
Ensuring particular attention is given to the design of controls
Identifying pricing issues that may require special attention with a critical analysis of the risks involved
Exposure to a number of different cash and derivative products
In-depth understanding of pricing and price verification approaches for various products
Understanding accounting standards relating to fair value reporting for derivatives
Understanding the regulatory impact on valuation and pricing
Developing a control focused mind-set with strong process improvement capabilities
Knowledge and Experience:
At least 2-3 years' professional experience in a relevant field of Finance (preferably Valuations, Risk, Product Control, or similar functions)
Knowledge of, experience with, or a demonstrated interest in capital markets products (Equities, Bonds, Commodities, FX, Options, Swaps, Futures, Forwards)
Strong computer literacy, with special regards to Microsoft Excel
Knowledge of Microsoft Access, VBA, SQL, or Python is a plus
Exceptional candidates may be sonsidered for the role without all requirements being met
Ability to apply theoretical knowledge in a practical environment
Ability to interpret and analyse large-volume and at times complex information
Process improvement capabilities
Ability to translate previous experience into independence at work
Strong verbal and written communication skills
Attention to detail and control-focused mindset
Good time management skills
Fluency in English
University or College degree in economics, finance, mathematics, or a similar relevant discipline
Desire and ability to learn and develop continuously
Excellent interpersonal skills
Ability to meet tight reporting and project deadlines under pressure
Internal Number: 5880301
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