1+ months
2018-06-152018-09-07

Vice President, IPV - Collateral & Client Valuations

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: No
  • Job ID: 18039974

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.
Description:
Product Control is a global control function within Citi Finance and is responsible for the accounting and financial reporting of a trading desk or business product. 
Valuation Control Group (VCG) is a global group within Product Control and is responsible for controlling, analyzing and reporting on valuations of positions which require fair value measurement.
Responsibilities:
  • Perform independent pricing of global non-Fair Value instruments that relate to collateral and client valuations (CCV).
  • Independent pricing analysis of Fair Value inventory as needed.
  • Responsible for working across Product Control, Risk, and Operations (Market data/Collateral) to achieve daily IPV of the firms collateral.
  • Co-ordinate globally and ensure consistent independent valuation methodologies are applied for similar products held off balance sheet.
  • Develop alternate valuation methodologies to value illiquid and esoteric securities ad assets.
  • Coordinate with VCG stakeholders to ensure that all monthly reporting deadlines are met and required documentation is archived in compliance with reporting deadlines.
  • Organize monthly Valuation and Governance Control Reports and Meetings for Non Fair Value exposure.
  • Perform effective presentations to OCC, FRB, SEC, FINRA and auditors on CCV.
  • Assist in Financial reporting related to Non FV securities.
  • Play a lead role in key valuation projects through significant involvement in the UAT workstreams.
  • Keep up with the market developments and use the knowledge in reviewing mark to market movements.
  • Review changes to front office pricing models and provide sign-off from valuation control standpoint.
  • Manage a group of off-shore VCG team members.

Qualifications


Knowledge /Experience
  • Bachelors degree in any finance, economics or quantitative-related subject.
  • 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.
Requirements:
  • 8 to 10+ years of experience performing valuation related analysis on global corporate bonds and/or securitized products (Agency MBS/CMBS and Non-Agency including CLO/CDO, RMBS, Esoteric ABS, and CMBS).
  • Strong understanding of and ability to perform discounted cashflow (DCF) analysis
  • Experience with Intex, Bloomberg, and other industry standard DCF modelling tools.
  • Comprehensive understanding of financial markets and valuation methodologies applicable to the pricing of liquid and illiquid investments.
  • Excellent communication skills, both verbal and written.
  • Current 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.
  • Excellent in Microsoft Excel and a good understanding of general database querying tools and valuation functions.

Categories

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Vice President, IPV - Collateral & Client Valuations

Citigroup
New York, NY

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