Citi: Markets Valuation Risk Control – Business Risk Sr Officer – Svp/C14

BackgroundThis role provides and exciting opportunity for senior leadership within the Valuation Risk Team, building out new Front Office capabilities and enhancing governance over Price Risk controls and monitoring capabilities.

The scope of the role extends across ICG Markets globally with particular focus on managing the program for enhancements to processes, controls, and governance of Valuation Risk.

The role will involve senior level engagement with the business, Technology, Finance, Risk and internal auditors.

DescriptionMarkets Risk and Controls establishes and maintains a robust 1st Line of Defense (1LoD) control environment to manage risks within risk appetite.

The Valuation Risk Team (VRT) within Markets Risk and Controls sets the standards for Front Office management of Valuation Risk and drives implementation of those standards.

The VRT provides governance of Valuation Risk, including horizontal oversight of the inherent and residual risks across ICG Markets for this risk type.

To manage residual risk within appetite, the team defines and drives the implementation of standardized Valuation Risk controls and monitoring capabilities.

This role is responsible for driving the governance and control of data quality requirements impacting Valuation Risk in line with Citi data governance standards, with particular focus on data generated primarily for valuation purposes.

This includes evaluating and driving tactical enhancements where necessary to ensure adequate compensating measures are in place until issues are remediated.

The role is also responsible for 1LoD governance of use of approved models for valuation purposes to ensure appropriate usage for the relevant product and market, as well as consistent configuration of those models across businesses.Key ResponsibilitiesDrive the governance and control of data quality requirements impacting Valuation Risk in line with Citi data governance standardsEvaluate and manage implementation of tactical enhancements to ensure adequate compensating measures for data issues are in place until they are remediatedProvide governance of model use and configuration utilized for valuation purposesGenerate ideas for efficient and effective solutions which are aligned with target state capabilities and drive consistent implementation across businessesEnhance the quality and efficiency of ongoing control monitoring, embedding them into sustainable processes with robust residual risk assessmentsOwn and enhance first line procedures and training to ensure that policies relating to Valuation Risk are being adhered toDesign and implement oversight and governance capabilities, and facilitate senior governance forumsEvaluate metrics and reports and challenge current practices which are not fully aligned with the firms standardsEnhance the Markets managers control assessments of Valuation Risks with well documented key controls and monitoring toolsAssess internal / external events, perform lessons learned analysis and implement enhancements as neededManage program deliverables across multiple businesses, regions and stakeholders Qualifications and CompetenciesSubject matter expertise on the processes for valuing derivatives and securities in a trading environment as well as industry knowledge of best practices on the associated key controlsExcellent track record successfully leading large change management teams covering derivative valuation, risk, or model initiativesOutstanding communication and presentation skills, with an ability to quickly assess and adapt to the needs of the target audienceDemonstrated ability influence senior stakeholders, facilitate and lead governance forumsStrong experience with strategic design, delivering complex solutions with multiple interdependenciesAbility to provide thought leadership, resiliently pursue alternative solutions and succinctly communicate a strategic visionStrong controls mindset, identifying and mitigating risks, communicating, and escalating concernsAbility to identify areas subject to heightened control risk and to design efficient approaches to mitigate the risk on a sustainable basisAbility to assess and critically challenge information and processes, delivering appropriate outcomesAbility to collaborate across businesses, regions and support functions EducationBachelor’s Degree, Master’s Degree preferred.

Job Family Group: Risk Management Job Family:Business Risk & Controls 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.

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