Global Valuation Methodology - VCG Digital Specialist

London, United Kingdom
22 Sep 2022
22 Oct 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
We are seeking an outstanding candidate to be VCG Digital Specialist, reporting into the Global Head of Product Valuation Methodologies and VCG Digital for Citi.

Valuation Methodology is a specialist team within the Valuation Control Group (VCG), and one which is crucial and highly influential. This team focuses 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 is 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 involves the 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 be responsible for the development and maintenance of digital solutions to enhance the work performed by the Valuation Methodology and wider VCG teams, for example through workflow to enable trade activity to be used in observability assessments, and / or to perform significance testing, as needed for the Fair Value Hierarchy (FVH) and other IPV processes. The work will require technical expertise from a subject matter expert perspective across a broad range of asset classes to ensure the methodologies are appropriate for their intended purpose. In addition, a background in Python, KNIME, Power BI or other digital technologies is desirable.

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 therefore working with the Senior Valuation Control Managers across the various regions.

Job Background/context:
The Valuation Control Group (VCG) is organized into global product-aligned "valuation control teams", a dedicated XVA team, a dedicated Global Reporting team, and a central Valuation Methodology team which oversees valuation control techniques, policy, as well as digital initiatives. The key responsibilities of the group as a whole are to perform the full-range of valuation control activities globally firm-wide, including independent price verification for traded inventory, ensuring that valuation adjustments (e.g. bid-offer) are appropriate for fair value accounting purposes, as well as undertake FVH Levelling, and relevant focused reviews where required.

  • Product Technical Knowledge
  • Excellent understanding of complex structured products and different models used for valuation, e.g. for derivatives.
  • Knowledge of digital technologies (a background in Python, KNIME, and/or Power BI), willingness to learn and further develop.
Flexibility & Adaptability:
  • The priorities of this individual will be set Global Head of Product Valuation Methodologies and VCG Digital, and this individual will be expected to manage those priorities appropriately. 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.
  • Leadership
  • Ability to work across teams & 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 valuation control team
  • Will be responsible for developing and drafting technical papers and governance documents
Control Framework
  • Broad understanding of control principles
  • Will have responsibilities for defining and developing practical controls that can be implemented.
  • Experience of regulatory and audit focus from a control & governance perspective.
  • A Bachelor's degree in any Finance, Economics or quantitative related subject (e.g. Physics, Mathematics). Master's preferred.
  • Significant experience in Valuation, Risk, Product Control or similar disciplines
  • Knowledge of Python, KNIME, Power BI or other digital technologies.
  • Leadership: takes ownership; delivers with pride; succeeds together.
  • Ability to understand complex concepts and effectively challenge peers in Finance, Risk and the Trading Businesses.
  • Strong communication skills, both written and oral.
  • Control focused.
  • Self-Motivated and innovative.
  • Ability to prioritize to ensure deadlines are met.
  • Proven influencing and negotiation skills.
  • Bachelor's degree in any Finance, Economics or quantitative related subject (e.g. Physics, Mathematics). Master's preferred.
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
Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

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