1+ months
2018-06-152018-08-26

SVP - Private Equity Sr. Valuation Control

Citigroup
New York, NY
  • Primary Location: United States,New York,New York
  • Education: Bachelor's Degree
  • Job Function: Finance
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: Yes, 10 % of the Time
  • Job ID: 18040040

Description


About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citis Mission and Value Proposition  explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients and the publics trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.
We are seeking an outstanding candidate to be a Private Equity Valuation Specialist. The Private Equity valuation group is a new team within Citi that will be responsible for all Equity Investments and Private Equity across Citi globally.
This role will require expertise knowledge of Private Equity valuation issues across all areas of VCGs responsibilities globally, and cross-product.  The role requires technical understanding of the techniques used to value Private Equity investments (e.g. DCF, Comparables etc.).
The individual in this role will be interacting with Senior Management within Finance, Front Office and Risk Management and will support the development of a strong Private Equity valuation framework and the application of consistent valuation controls at Citi.
Strong 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 working with the respective Finance, Accounting Policy and Risk Managers across the various regions.
Valuation Control Group (VCG) is a cornerstone of the Product Control function. The function is organized into product-aligned teams including a dedicated Valuation Control team. The product scope is comprehensive and includes a full range of security and derivative products.
The key responsibilities of the Private Equity Valuations team are to perform the independent price verification for Private Equity Investments owned by Citi; develop and implement standards and best practices for the necessary valuation controls; and provide subject matter expertise for accounting and disclosure requirements. 
There will be regular interaction with a wide variety of other functions within Markets and Banking globally and within the Global Product Control organization.
Primary Responsibility
  • Responsibility for all aspects of valuation control of Private Equity at Citi, including validation of data utilized and the evaluation of valuation approaches and assumptions
  • Producing and implementing group wide guidelines/procedures for Private Equity valuation control.
  • Delivering concise reporting and insightful analysis over Private Equity valuations.
People Management and Leadership
  • Leadership and accountability for global Private Equity valuation control
  • Acting as a business partner to the Business, Risk, and Finance
  • Managing / developing the Buffalo team
Control Framework
  • Responsible for defining and effective implementation of the control and governance of Private Equity valuations
Development Value:
  • The successful candidate will have the opportunity to play a key role within the Global Product Control organization, by demonstrating a wide range of skills and the ability to develop and support Citis global approach to Private Equity Valuation group wide.
Qualifications:
Knowledge/Experience:
  • Experience in Private Equity Valuation or related asset classes required
  • 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:
Leadership and Management
  • Ability to Lead projects
  • Managing and developing people
Drives Value for Clients
  • Trusted partner, drive innovation
  • Anticipates, demonstrates understanding of expectations and needs
Work as a Partner
  • Works collaboratively across the organization
  • Challenges self and colleagues to higher levels of performance
  • Treats people with respect
Champions Progress
  • Pushes for culture of high standards
  • Sets positive tone and inspires enthusiasm
  • Assists in executing the vision set forth by Senior Management and is responsive to changes in environment
Lives Citi Values
  • Sets the standards for the highest integrity in every decision
  • Has the courage to always do what is right and the humility to learn from mistakes
Delivers Results
  • Sets high standards and achieves performance objectives
  • Prioritizes and provides clear line of sight to most critical work
  • Sets clear goals and measures progress
  • Expects self and team to consistently meet/exceed expectations
Product Technical Knowledge
  • Excellent understanding of Private Equity valuation techniques and principals
Control Mind-set
  • Demonstrates a strong leadership and focus on control. Ensuring integrity of reporting and independence of controls associated with critical function
Strong Influencing and Presenting Skills
  • Ability to communicate and deliver key messages to senior audience
  • Credible in front of regulators and auditors

Qualifications


Knowledge/Experience:
  • Experience in Private Equity Valuation or related asset classes required
  • 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:
Leadership and Management
  • Ability to Lead projects
  • Managing and developing people
Drives Value for Clients
  • Trusted partner, drive innovation
  • Anticipates, demonstrates understanding of expectations and needs
Work as a Partner
  • Works collaboratively across the organization
  • Challenges self and colleagues to higher levels of performance
  • Treats people with respect
Champions Progress
  • Pushes for culture of high standards
  • Sets positive tone and inspires enthusiasm
  • Assists in executing the vision set forth by Senior Management and is responsive to changes in environment
Lives Citi Values
  • Sets the standards for the highest integrity in every decision
  • Has the courage to always do what is right and the humility to learn from mistakes
Delivers Results
  • Sets high standards and achieves performance objectives
  • Prioritizes and provides clear line of sight to most critical work
  • Sets clear goals and measures progress
  • Expects self and team to consistently meet/exceed expectations
Product Technical Knowledge
  • Excellent understanding of Private Equity valuation techniques and principals
Control Mind-set
  • Demonstrates a strong leadership and focus on control. Ensuring integrity of reporting and independence of controls associated with critical function
Strong Influencing and Presenting Skills
  • Ability to communicate and deliver key messages to senior audience
  • Credible in front of regulators and auditors
Qualifications:
  • A Bachelors or Masters degree in any finance, economics or quantitative related subject.
    Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience
Competencies
  • Leadership skills
  • Control focused
  • Team Player
  • Self-Motivated and innovative
  • Ability to prioritize to ensure deadlines are met 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



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SVP - Private Equity Sr. Valuation Control

Citigroup
New York, NY

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