Markets Valuation Risk Control is a part of Markets Risk and Controls, which establishes and maintains a robust 1st Line of Defense control environment and culture to minimize operational risk within the business. Markets Valuation Risk Control sets the standards for the quality of front office management of valuation risk, manages implementation of those standards and is responsible for Markets wide governance of 1st Line price risk.
This role will have responsibility for key front office controls relating to risk emanating from the use of market data inputs in the valuation of financial instruments. The role will involve senior level engagement with the business, O&T, 2nd line of defense, control functions and managing relationships with Internal Audit and regulators.
Provide centralized support to APAC Trading, Business Managers and Sales on valuation risk related policies and requirements
Design and implement governance and provide oversight over consistent market data usage, collateral valuation and client valuations for the APAC region
Monitor valuation risk controls, analyzing control metrics and investigating operating effectiveness for the APAC region
Facilitate and implement documentation of the control environment for market data usage, collateral valuation and client valuations for the APAC region
Facilitate senior governance forums in relation to market data usage, collateral valuation and client valuations
Challenge current practices which are not fully aligned with the firm's standards, and identify necessary corrective actions and facilitate resolution of identified inconsistencies
Drive standardized and consistent mechanisms to evidence controls and supervision, and ensure alignment with longer term infrastructure initiatives
Assess internal / external events, perform lessons learned analysis and implement enhancements as needed
Manage deliverables across multiple businesses and stakeholders
Coordinate and lead regulatory and Internal Audit engagements and remediations, ensuring timely response and delivery for APAC region
Robust understanding of typical data structures for market data utilized by derivative models
Significant experience with designing and monitoring key controls over valuations in a trading environment
Experience dealing with regulators, Audit, Compliance and other risk and control functions
Strong controls mindset, identifying and mitigating risks, communicating and escalating concerns
Effective people, project and change management skills
Ability to identify areas subject to heightened control risk and to design efficient approaches to mitigate the risk on a sustainable basis
Experience with generating creative solutions, differentiating and prioritizing realistic enhancements and driving change-related projects
Strong communication skills, with ability to influence senior stakeholders, adjust communication style for the target audience and to facilitate and lead governance forums
Ability to assess and critically challenge information and processes, delivering appropriate outcomes
Competence leading in dynamic, challenging environments while providing creative solutions
Ability to collaborate across businesses, regions and support functions
Bachelor's/University degree or equivalent experience, Master's degree preferred
Flexible work arrangements in an organization that acknowledges life - work balance
Career management and mentoring by senior colleagues and leaders
Opportunity for participation in managerial development initiatives
Inclusive and friendly corporate culture where diversity and equality is widely recognized
Job Family Group: Risk Management
Job Family: Business Risk & Controls
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