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Valuation Control Analyst 3- Product Control (Buffalo, NY)

Citi

This is a Contract position in Niagara University, NY posted June 29, 2020.

Valuation Control Group (VCG) is an independent group of subject matter experts within Product Control, 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 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 policy.  The role is part of the VCG team based in Buffalo, NY.

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 pricing and any accompanying fair value adjustments. It also participates in the approval of new products.

In addition to the valuation oversight, the role will focus on regulatory reporting requirements and internal and regulatory policy compliance for valuation and reporting.  This role will be a part of a team that enhances VCG regulatory oversight, in line with heightened expectations from global regulators and internal and external auditors. 

This role will cover valuation control of businesses that may include securitized debt products and derivatives, and will require strong communication skills and teamwork across multiple locations and departments.

Responsibilities:

  • Perform and analyze price testing results and fair value adjustments for covered products and businesses.
  • Responsibility for all aspects of valuation control of the business, including validation of market data inputs, reporting and analysis.
  • Perform Fair Value Classification, Level 3 Roll-Forward analysis, and other controls such as Multiple Price Per Instrument and Multiple Fair Value Per CUSIP review in accordance with the Fair Value reporting control framework.
  • Produce and implement guidelines / procedures for valuation adjustments and price testing across the products and businesses, with particular attention to the design of control.
  • Act as a Business Partner to the Business, Risk, Compliance and Finance.
  • Act as the first point of escalation with regards to any discrepancies and breaches.
  • Identify pricing issues, valuation parameters or instrument types that may require particular attention with critical analysis of the valuation issues involved.
  • Assist in compilation of monthly regional Price Verification reports for covered products and businesses.
  • Actively participate in monthly Independent Price Verification meetings with the Front Office.
  • Handle regular and ad-hoc requests from global teams, regulatory reviews, e.g. Prudent Valuation Reporting.
  • Identify pricing issues that may require particular attention with critical analysis of all factor risks involved.
  • Strong leadership and accountability for covered product and business valuations.

    Qualifications

  • Bachelor’s degree in finance, economics or quantitative-related subject.
  • 1+ years professional experience in Finance or relatable quantitative field
  • Excellent communication skills, both verbal and written.
  • Ability to manage multiple tasks and work effectively under pressure in a rapidly changing environment.
  • Strong analytical and problem solving skills.
  • Motivated, organized, and team oriented.
  • Excellent communication skills, both verbal and written.
  • Basic product knowledge.
  • Basic knowledge of regulations as they pertain to valuation control.
  • A proven track record of working in teams.
  • A control focused mind-set with strong process improvement capabilities.
  • Proficient in Microsoft Excel and a good understanding of general database querying tools and valuation functions.

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Grade :All Job Level – All Job FunctionsAll Job Level – All Job Functions – US

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Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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