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

VP - Private Equity 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: 18040041

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
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
  • Producing and implementing guidelines / procedures for fair valuation adjustments and price testing of Private Equity investments across the group.
  • Ensuring timely remediation of regulatory matters requiring attention, audit findings and associated reporting demands associated with the area of responsibility
  • Development of appropriate controls to effectively ensure compliance with Policies and Standards pertaining to valuation control
  • Acting as first point of escalation with regards to any discrepancies and price variance breaches
  • Identifying pricing issues, valuation parameters or instrument types that may require particular attention with critical analysis of the valuation issues involved
People Management and Leadership
  • Demonstrates leadership skills and an ability to work across Regions and Businesses.
  • Acting as a business partner to the Business, Risk, Compliance and Finance
  • Managing / developing the Buffalo team
Control Framework
  • Enhancement and effective management of the VCG control and governance framework associated with the Private Equity valuations.
Development Value
The successful candidate will have the opportunity to play a leadership role within the Private Equities Valuation Control Team

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:
  • Ability to manage a team in another location
  • Ability to manage time and work priorities efficiently and effectively
  • Ability to perform within a time pressurized environment
  • Understanding how to design and maintain a robust control framework
  • Working with other stakeholders in driving change
  • Excellent people management skills with the ability to train and develop a team
  • Ability to communicate effectively, both written and verbal
Hands-on. Must have a good eye for detail, but also be able to communicate to seniors in a succinct/clear fashion
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
  • Ability to work well in a teams (actual and matrix)
  • Ability to influence individuals outside of core management hierarchy
  • Self-motivated and innovative
  • Ability to prioritize to ensure deadlines are met
Excellent interpersonal skills able to deal with a range of senior/junior staff across a number of disciplines


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VP - Private Equity Valuation Control

Citigroup
New York, NY

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New York, NY
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