• Citi
  • $94,180.00 -157,490.00/year*
  • Buffalo , NY
  • Media
  • Full-Time
  • 130 Rapin Pl


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+ **Primary Location:** United States,New York,Buffalo

+ **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:** 19036705



**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.



Citi's Mission
and Value Proposition at explains what we do and Citi
Leadership Standards at 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 public's 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.



**Job Description:**



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 testingresults and fair value adjustments for covered products and businesses.

+ Responsibility for all aspects ofvaluation 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 PerInstrument and Multiple Fair Value Per CUSIP review in accordance with the FairValue 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 theBusiness, Risk, Compliance and Finance.

+ Act as the first point of escalationwith regards to any discrepancies and breaches.

+ Identify pricing issues, valuationparameters or instrument types that may require particular attention withcritical analysis of the valuation issues involved.

+ Assist in compilation of monthlyregional Price Verification reports for covered products and businesses.

+ Actively participate in monthlyIndependent Price Verification meetings with the Front Office.

+ Handle regular and ad-hoc requestsfrom global teams, regulatory reviews, e.g. Prudent Valuation Reporting.

+ Identify pricing issues that mayrequire particular attention with critical analysis of all factor risksinvolved.

+ Strong leadership and accountabilityfor 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, bothverbal and written.

+ Ability to manage multiple tasks andwork effectively under pressure in a rapidly changing environment.

+ Strong analytical and problemsolving skills.

+ Motivated, organized, and teamoriented.

+ Excellent communication skills, bothverbal and written.

+ Basic product knowledge.

+ Basic knowledge of regulations asthey pertain to valuation control.

+ A proven track record of working inteams.

+ A control focused mind-set withstrong process improvement capabilities.

+ Proficient in Microsoft Excel and agood understanding of general database querying tools and valuation functions.

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

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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