New York, NY, 10176, USA
81 days ago
SVP, Americas Head of FXLM & LATAM Valuation Control Group (Hybrid)
We are seeking an outstanding candidate within Valuation Control Group (VCG) to be the LATAM Head of VCG (cross-asset class leadership reporting to Americas Head of VCG) and Americas Head of FX, Local Market Rates and Local Market Mkts Treasury (Product Leadership reporting to the Global Head of FX & Local Markets). Independent Price Verification (IPV) is a key function within Citi and the team is a vital part of the Controllers organization. The goal for VCG is to provide exceptional quality analysis, while at the same time ensuring a robust control framework around the firm’s inventory valuations. This role is responsible for leading the FXLM Valuation Control team for the Americas (predominantly LATAM) region, as well as overseeing the LATAM region for Valuation Control. The FXLM responsibilities will include oversight and management of the team responsible for valuation control responsibilities for that business. The regional responsibilities will include development of relationships with key stakeholders in the region, as well as coordination of deliverables to other stakeholders, such as Internal Audit and external regulators. **Job Background/context:** VCG is a cornerstone of the Controllers Organization. The function is organized into product-aligned teams including a dedicated Price Verification team. The product scope is comprehensive and includes a full range of security and derivative products. Key responsibilities of VCG are to perform the independent price verification for Citi’s financial inventory, create valuation adjustments and evaluate the valuation implications of new trade activity. VCG has a matrix organization with global business-aligned teams as well as a regional/local structure, which spans across businesses. The successful candidate will play a critical leadership role within the team, supporting the Americas VCG Head and the Global Head of FXLM Valuation Control. **Key Responsibilities:** Regional lead for LATAM VCG + Responsible for oversight of regional results, including leading regional valuation control results meetings + Development of relationships with key senior stakeholders in the region + Leadership and coordination of Internal Audit and regulatory issues for LATAM, including leading initiatives and meetings + Communication of issues to Americas Lead for VCG + Development of relationships with global asset class VCG leads. Note that production of results and direct leadership of the asset class VCG teams (other than FXLM mentioned below) will continue to be the responsibility of the global asset class leads, and will not fall under the direct responsibility of this role. Regional lead for FXLM VCG + Responsible for leading the FXLM Americas VCG team, including oversight of valuation control related production, such as Independent Price Verification, Valuation Adjustments and Fair Value Hierarchy results + Responsible for timely reporting and communication of results and significant matters to senior key stakeholders and the Global Head of FXLM VCG + Relationship management across other functions within Finance (Product Control, Accounting Policy, Local Finance) and the Front Office (Market Risk, Trading/Business Managers, Model Risk, Quants etc) + Leading and supervising the Warsaw VCG Team responsible for the Americas portfolios + Representing Americas FXLM when facing local country regulators, external and internal auditors + Relationship management and development across other regional leads within FXLM and across other asset classes to ensure consistency of processes and controls **Knowledge/Experience/Skills:** + 8+ years related Finance experience, ideally in a financial control, valuation or related discipline + Spanish, both verbal and written, is strongly preferred + Financial products and valuation related knowledge is a strong plus + Proven ability and experience in leading managers of managers, with ability to oversee staff in multiple locations + Experience influencing and negotiating with senior stakeholders + Strong communication, leadership skills and intrinsically motivated, with experience of presenting to large meetings with multiple participants + Experience of building and maintaining relationships across multiple internal stakeholders + Evidence of strong control focus + Ability to work in a Finance role with multiple stakeholders and in an organization with a matrix management structure + Excellent project management skills, driving change globally and communicating and tracking projects effectively + Exceptional candidates who do not meet these criteria may be considered. **Skills:** + Excellent people skills: management and leadership; develops people; inspires and empowers the team and individuals + Drives innovation + Anticipates and demonstrates understanding of expectations and needs + Works collaboratively across the organization + Challenges self and colleagues to higher levels of performance + Treats people with respect + Pushes for culture of high standards and curiosity + Sets positive tone and inspires enthusiasm + Assists in executing the vision set forth by senior management and is responsive to changes in environment + Sets the standards for the highest integrity in every decision + Has the courage to always do what is right and the humility to learn from mistakes + 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 + Control mind-set + Strong influencing and presenting skills + Ability to communicate and deliver key messages to senior audience **Qualifications:** + Bachelor’s degree in any finance, accounting or quantitative related subject + Leadership skills + Control focused + Team player + Self-motivated and innovative + Ability to prioritize 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 and locations + Proven influencing and negotiation skills ------------------------------------------------------ **Job Family Group:** Finance ------------------------------------------------------ **Job Family:** Product Control ------------------------------------------------------ **Time Type:** Full time ------------------------------------------------------ **Primary Location:** New York New York United States ------------------------------------------------------ **Primary Location Full Time Salary Range:** $163,600.00 - $245,400.00 In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire. ------------------------------------------------------ **Anticipated Posting Close Date:** Aug 15, 2024 ------------------------------------------------------ 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 **Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** . View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) . View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) . View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf) Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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