Finance - Director - Global Head of Equities Valuation Control

London, United Kingdom
18 Sep 2020
21 Sep 2020
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Job Purpose:

  • We are seeking an outstanding candidate to be Global Head of Equities Valuation Control Group within Product Control. This is a critical and influential role. Independent Price Verification (IPV) is a key function within Citi and the team are a vital part of the Product Control organisation, and this candidate would lead the global team responsible for this for the Commodities trading business. The goal for the VCG team is to provide an exceptional quality of analysis whilst at the same time ensuring a high level of control.
  • This role requires significant technical understanding of the products traded within Equities, and across Markets and Banking, including some understanding of the models that are used.
  • The Global Head of Equities VCG will be interacting on a daily basis with Senior Management within the Front Office and Risk Management areas covering Equities and is a high profile role, both within Product Control as well as across ICG Markets.
  • The role requires a strong, and increasing, focus and appreciation of the legal entity impact of the Price Verification process.
  • Excellent communication and negotiation skills are vital. The Global Head of Equities VCG meets on a regular basis with internal and external audit, as well as all key global and regional regulators and the successful candidate needs to be able to demonstrate an ability to communicate complex ideas concisely and effectively. The role also involves ensuring global consistency and working with the Senior Product Control Managers, and other Global Heads within VCG across the regions.
  • The successful candidate will be expected to leverage a network of business relationships. He/she will be viewed as a thought leader on Price Verification both in the firm and the industry.
  • This is a position for an experienced, dynamic, technically-strong senior executive, who can manage all aspects of the role.
  • The role reports to the Global Head Of Valuation Control for Citigroup.

  • Job Background/context:

  • The VCG team is a cornerstone of the Product Control function. The function is organised into product-aligned teams including a dedicated Price Verification team. The product scope is comprehensive and includes the full range of security and derivative products.
  • The Global Equities VCG team is approximately 30 FTE based in London, New York, Hong Kong, Buffalo and Budapest.
  • Perform the independent price verification for Equities traded inventory, review/calculate the market valuation adjustments and take part on other key control reviews such as those for new trades.
  • Represent VCG in relevant regulatory meetings and management of ongoing relationship and discussions with Regulators. There will also be regular interaction with a wide variety of other functions within Markets and Banking.

  • Key Responsibilities:

    People Management and Leadership:
  • Strong leadership and setting a clear structure of accountability across all aspects of valuation
  • Developing skills within team, identifying training and development areas for individuals
  • Setting a clear agenda, direction, goals and objectives for the Global Equities VCG team, as well as contributing to overall agenda and direction of the Global Valuation Control Group.
  • Leading and guiding team in developing techniques in identifying pricing issues, valuation parameters or instrument types that may require particular attention
  • Promoting the teams development of innovative price testing methodologies
  • Active role as part of broader regional and global product Control senior management team

  • Control Framework:
  • Accountability for Valuations MCA (Managers Control Assessment) control design, effective operating and control escalation across the Global Equities business activity
  • Ownership for driving systems and control improvements
  • Preparation for all internal and external reviews, including regulatory.
  • Senior liaison with internal, external audit and regulators covering all aspects of valuation
  • Acting as the senior point of escalation with regards to any discrepancies and breaches faced by the Valuations team
  • Senior point of reference for new trade review and approval
  • Responsibility with regards to final decision making on all valuation matters relating to Global Equities
  • Management approval point for new models and model valuation adjustments

  • Reporting:
  • Ownership of all information provided to the Valuation Control Reporting Team for the Global Equities business
  • Ensuring consistency of price testing framework between products and across regions for the Equities business
  • Senior responsible representative at all management forums in relation to valuation matters for Equities
  • Acting as the senior partner to the Business, Risk, Compliance and Finance in relation to valuation matters
  • Regulatory:
  • Senior point of contact with external audit and regulatory bodies, responsible for all aspects of valuation related reporting and controls
  • Preparation for all Valuations regulatory and audit reviews
  • Key direct reporting responsibilities to EMEA Business and regional seniors under SMR (Senior Managers Regime)

  • Development Value:
  • This is a senior hire for Finance with stretching objectives. The successful candidate will have the opportunity to play a leadership role within Product Control globally, develop a wide range of skills, lead a team of highly skilled individuals, influence Citi's global pricing policy and develop a best in class global valuation function.

  • Qualifications - Internal


  • Extensive valuations experience, ideally with broader Product Control experience
  • Proven ability and experience of leading a team, preferably with some knowledge of managing a team remotely

  • Skills:

    Excellent People Management;
  • People Development - build, train and retain talent and teams.
  • Inspires and empowers team and individuals
  • Drives Value For Clients;
  • Trusted partner, drive innovation, speed to market by learning from others.
  • Anticipates, demonstrates understanding if expectations and needs

  • Works As A Partner;
  • Works collaboratively across the organisation
  • 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
  • Communicates a clear vision that is forward looking and responsive to changes in environment

  • Lives Citi Values;
  • Sets the standard for the highest integrity in every decision
  • Has the courage to always do what is right and the humility to learn from mistakes

  • Deliver 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 complex structured products and different models used for valuation

  • Control mindset;
  • 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 external audit seniors
  • Ambitious, dynamic, highly driven and motivated;
  • An agent of change

  • Qualifications:
  • Preferably educated to degree level. Exceptional candidates who do not meet these criteria may be considered for therole provided they have the necessary skills and experience

  • Competencies:
  • Leadership skills
  • Control focused
  • Team Player
  • Self-motivated and innovative
  • Ability to prioritise 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

  • Valuing Diversity:

    Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success.

    Citi is an Equal Opportunities Employer

    Job Family Group:


    Job Family:

    Product Control

    Time Type:

    Full time

    Citi is an equal opportunity and affirmative action employer.

    Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

    Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review

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