Global Head of Product Valuation Methodologies and

3 months ago


London, United Kingdom Citi Full time

**Global Head of Product Valuation Methodologies & VCG Digital**

**_Valuation Control Senior Group Manager - C15_**

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 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 debt and capital markets products traded by Citi.

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

**Job Background/context**:
The Valuation Control Group (VCG) is a cornerstone of the Controllers function. The function is organized into global product-aligned “valuation control teams”, 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.

**Key Responsibilities**:
People Management and Leadership
- Ability to work across teams & functions, and to leverage existing relationships.
- Will lead initiatives and develop / propose solutions to complex technical challenges or control issues.
- Active role as part of the broader regional and global Controllers team.

Governance
- Will be responsible for developing and drafting formal policies, technical papers and governance documents, working closely with the Policy and Reporting teams.

Flexibility & Adaptability:

- The priorities of this individual will be set by the Global Head of Valuation Control, 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 & governance perspective, and able to provide detailed practical guidance on implementing appropriate controls.

Product Technical Knowledge
- Excellent understanding of complex structured products and different models used for valuation, e.g. for derivatives.

Control Framework
- Broad understanding of control principles.
- Will have responsibilities for defining and developing practical controls that can be implemented.
- Independent challenge of first line (e.g. Trading) valuation approaches and the design of effective controls within Finance.
- Engage with partners on the development of valuation control solutions using enterprise-wide technology and digital tools.

**Development Value**:
**Qualifications & experience**:

- Significant experience in Valuation, Risk, Product Control or similar disciplines, and of managing technical teams.
- Leadership: takes ownership; delivers with pride; succeeds together.
- Strong understanding of current global accounting and regulatory standards and developments pertaining to valuation of financial instruments.
- Knowledge of Python, KNIME, Power BI and other digital technologies would be an advantage.
- 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.
- **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 pr


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