Citigroup VP, Product Control Senior Manager in New York, New York
Job Purpose: We are seeking an outstanding candidate to manage the price verification process covering the Municipal Securities Trading Desk under Global Spread Products.The Valuation Control Group (VCG) is a key function within Citi and the team is a vital part of the Product Control organization. The goal for the Valuations Control team is to provide an exceptional quality analysis, while at the same time ensuring a robust control framework around the firm’s inventory valuations. This role is responsible for all aspects of valuation control of the business, including validation of market data inputs, valuation adjustments, reporting and analysis. An understanding of the Credit and Municipal Markets as well securities is required and knowledge of derivatives is a plus. The individual in this role will interact with Senior Management of Front Office, Product Control and Risk Management. Implementation and curation of a strong governance framework and the application of consistent valuation methodologies across the relevant businesses is crucial.Excellent communications and influencing skills are vital. The individual will meet with Front Office, internal/external audit and regulators on a regular basis. The successful candidate needs to demonstrate an ability to communicate complex ideas concisely and effectively.The successful candidate will be expected to develop and leverage a network of business relationships. Job Background/context: The Valuation Control team 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 wide range of security and derivative products.The key responsibilities of the group are to perform the independent price verification for Citi’s financial inventory, validate valuation adjustments, assign and establish methodologies to assign FV levelling classification to the firm’s inventory, and evaluate the valuation implications of new trade activity. Key Responsibilities:
Oversee price verification process, and manage a team covering multiple businesses under Global Spread Products.
Oversee and develop strong control environment including development and implementation of valuation methodologies, VA methodologies, and FV Levelling methodologies.
Successful candidate must possess excellent communication skills, driving presentations to the business leads and other internal stakeholders.
Responsible for leading the team through both internal, external, and regulatory audits of the price verification control process.
Successful candidate must possess excellent project management skills, driving change globally and communicating and tracking projects effectively
Ability to influence senior IPV leads (within the GSP VCG team, as well as other asset classes where needed) and global internal partners (trading business, risk).
Constructively challenge Front Office, and third party valuation firm’s while simultaneously building and maintaining these relationships
Ownership of all valuation reporting for the relevant NAM businesses, including clear and effective presentation of results
Developing and maintaining documentation related to price verification methodologies.
Ensuring consistency of methodologies are applied Globally for the relevant businesses as well as contributing to global consistency initiatives
Acting as a partner to the Business, Risk, Compliance and Finance in relation to valuation matters Knowledge/Experience:
Multiple years of experience in a valuation, risk or product control related discipline.
A Bachelor’s or Master’s degree in any finance, economics or quantitative related subject.
Previous experience with team management Skills / Competencies:
Excellent understanding of Credit and Municipal Markets and securities, understanding of derivatives is a plus.
Excellent communication skills, both written and oral
Excellent Excel skills
Excellent people management skills
Ability to understand complex concepts and effectively challenge peers in Finance, Risk and the Business Inspires and empowers team and individuals
Self-Motivated, and innovative
Ability to prioritize multiple tasks, and strong project management skillset
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
Job Family Group:
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