• Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Citi-US
  • 2018-09-24

Senior Vice President, Finance and Risk Infrastructure Senior Manager, Independent Price Verification

Senior Vice President, Finance and Risk Infrastructure Senior Manager, Independent Price Verification

  • 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: 18046016


Description

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 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 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.

Finance Risk Infrastructure is a specialized business and technology solutions team that consists of financial, technical, product, industry, and regulatory subject matter experts.

This job requisition is for a candidate with Independent Price Verification ("IPV") experience seeking an opportunity to lead system and business architecture change management .  In particular, the candidate will lead and manage the design and development of a central Pricing Grid utility that integrates all applicable pricing sources, mapping rules, and hierarchies to facilitate IPV, Valuation Adjustments, Fair Value Leveling, and production of standardized reports across all products globally.  This initiative will enhance the Valuation Control Group's controls for documenting and monitoring the rationale for pricing sources, mapping rules, and hierarchies used.  Additionally, it will provide a means to efficiently consolidate the individual pricing grids across all asset classes and regions for comparative analysis, rationalization, standardization, and consolidation.

Project Management experience is required. The candidate should also have previous experience in managing and leading design and implementations of IPV solutions where knowledge of Price Verification processes, as well as OTC Derivative, Fixed Income and Securitized Products is required.

This role is not in technology, but instead in a change management group. 10 plus years of professional experience is preferred.

Responsibilities:
  • Manage the global design and implementation of a Pricing Grid utility to integrate all applicable pricing sources, mapping rules, and hierarchies to facilitate IPV, Valuation Adjustments, Fair Value Levelling, and production of standardized reports across all products globally
  • This role will focus on driving projects to improve the valuations control and governance environment with particular emphasis on securitized and derivatives products
  • Partner with Valuations Control Group to define strategic solutions and develop business requirements
  • Work with technology partners to define requirements and deliver a solution that exceed expectations
  • Lead wholesale product experts from areas throughout the institution to an agreed to end state
  • Understand with IPV best in class standards and leverage them to improve strategic solutions to centralize all inputs required to support IPV, Valuation Adjustments, and Fair Value Levelling
  • Demonstrated ability to partner with clients to define an end to end architecture
  • Strengthen governance framework, e.g. working groups and prioritization process
  • Identify and communicate key project risks, define mitigation strategies, and manage resolutions
  • Develop test strategies and coordinate the execution of test scripts
  • Support the PMO by ensuring that all risks and issues are communicated effectively
  • Lead peer reviews and inspections of requirement documentation
  • Ability to work closely with methodology owners and Valuations Control teams
  • Ability to analyse and comprehend quantitative and general market data


Qualifications

  • Wholesale product knowledge, e.g. OTC Derivatives Products, Fixed Income, etc. is required
  • Background in project management and experience working on global deployments with management experience on Iterative and Waterfall Approach development lifecycle is required
  • Knowledge of independent price testing of wholesale products e.g. OTC Derivatives, Fixed Income, etc. is preferred
  • Previous project management experience delivering IPV solutions is preferred
  • Previous experience preferred for consulting/delivering initiatives for Valuation Controls  is preferred
  • PMI Certification or equivalent is preferred
  • Working knowledge of wholesale products valuation and associated risk metrics is required for at least two of the major asset types is preferred
  • Current knowledge of regulations and standard industry practice as they pertain to valuation control is preferred
  • Proved ability to work with project management and technology teams to design efficient solutions for automation is preferred
  • A proven track record of managing teams, senior business  analysis expertise, and providing a consultative approach
  • Project Management skills in planning, issue and dependency management, writing functional requirements, managing and executing Test Strategy plans, with emphasis on delivering within a Systems/Software Development Lifecycle (Initiation, Design, Construction, Testing, Implementation)
  • Strong analytical and problem solving skills
  • Capable of performing end to end analysis to identify gaps and propose solutions
  • Able to quickly grasp and master new subject matter and related concepts
  • Manage tight deadlines or unexpected requirement changes
  • Willingness to ask questions and challenge existing processes for operational efficiencies
  • Well organized and good attention to detail
  • Strong communication skills both verbal and written
  • Comfortable interacting and building consensus across functions and levels of seniority
  • Team player in both solid and matrix line reporting organizations
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