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Job Purpose: We are seeking an outstanding candidate to be the EMEA Equities Valuation Control Supervisor The candidate must have a strong understanding of current global accounting and regulatory developments pertaining to valuation of financial instruments, along with a strong understanding of implementing/maintaining an effective control framework. The role will cover valuation control of the entire inventory held within the EMEA Equities business and will require strong communication skills and teamwork across multiple locations and departments. Due to the technical nature of the role and the high-volume nature of the business, it is important that the candidate demonstrates an aptitude to succeed in learning the technical aspects of Equities valuations, in order to pose a credible challenge to a growing business. 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 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 control policy. The successful candidate will supervise the Equities business from a valuation perspective within EMEA. Due to small size of the team, the candidate will be expected to have hands-on involvement. 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 Equities Valuations
Acting as a business partner to the Business, Risk, Compliance and Finance
Managing / developing offshore team
Enhancement and effective management of the VCG control and governance framework associated with the EMEA Equities Business
Development Value: The successful candidate will have the opportunity to play a leadership role within the EMEA Equities Valuation Control Team Knowledge/Experience:
5-7 years' 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
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience 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 in-depth 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 risk-management and hedging practices in this space by sell-side firms. Knowledge of over-hedging techniques for derivatives is viewed favorably.
Hands-on experience of implementing new or enhancing existing valuation methodologies. Working with other stakeholders in driving change.
A strong understanding of accounting for fair-valued 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
A Bachelor's or Master's degree in any finance, economics or quantitative related subject.
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
Self-motivated 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
Hands-on. Must have a good eye for detail, but also be able to communicate to seniors in a succinct/clear fashion
Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - GB Time Type :Full time Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity. 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 CLICK HERE . To view the "EEO is the Law" poster CLICK HERE . To view the EEO is the Law Supplement CLICK HERE . To view the EEO Policy Statement CLICK HERE . To view the Pay Transparency Posting CLICK HERE .