Finance Analysts - Product/Valuation Control

Location: Citi Solutions Center, Warsaw, Prosta 36

We are thrilled to announce multiple openings in our rapidly growing Teams in Finance! We now have an increasing demand for Finance Analysts in the following Teams:

• Product Control Group
• Valuation Control Group

Product Control is the largest department in Citi's Finance with responsibility for controlling Citi revenues via daily profit and loss reporting, price verification and new trading activity review. We represent the primary control function, monitoring trading activity, controlling daily profit and loss reporting, price verification and new trading activity. The department is organized into product-aligned teams such as credit, FX, equity, money markets, rates, cash, derivative, as well as structured and exotic variants of different asset classes.
Our Poland office is deeply integrated part of the EMEA regional hub, establishing direct contact with the business and finance areas in the regional center.

The Valuation Control Group (VCG) is an independent global group within Product Control responsible for reviewing and reporting fair value inventory and IPV across all asset classes. VCG is organized along business lines and key stakeholders of the group include Business Heads, Line Product Control, Market Risk, Model Risk, Compliance, Legal Department, Middle Office, Internal Audit, external audit firms and the regulatory bodies in countries impacted by Citi's footprint. VCG collaborates closely with its stakeholder base to ensure complete understanding of business valuation issues and accurate execution of valuation control policy.

Key responsibilities in Product Control:

• Responsible for ensuring the completeness, accuracy and integrity of the bank's books and records in coordination with the Finance team.
• Daily Front-to-Back reconciliations and GL to Front-system tie-outs for Fixed Income Securities, Derivatives and FX Options
• PAA (Profit Attribution Analysis) review and analysis, comments on PnL and BS movements
• Monthly reconciliation of US GAAP Reporting Ledgers (SMART/ Full Suite/ Pearl tie-outs), adjustments to Condi/Smart to keep the consistency of front and back systems
• Performing ad hoc analysis/ queries
• Follow-up of outstanding breaks and issues, escalation of unresolved problems
• Supporting the implementation of QFI project (standard product processor for CEEMEA debt securities) and other on-going projects (e.g. local product processors, PAA, PCI)
• Investigation and identification of inconsistencies through analysis and recommendation of solutions

Key responsibilities in Valuation Control:

• Perform Independent Price Verification (IPV), calculate and/or verify Valuation Adjustments, and perform Fair Value Levelling
• Running monthly pricing control using excel and more advanced analytical tools,
• Develop alternate valuation methodologies to value illiquid and esoteric securities ad assets
• Development of appropriate controls to effectively ensure compliance with Policies and Standards pertaining to valuation control
• Acting as first point of escalation with regards to any discrepancies and price variance threshold breaches
• Identifying pricing issues, valuation parameters or instrument types that may require particular attention with critical analysis of the valuation issues involved
• Assist in financial reporting related to Non FV securities.
• Keep up with the market developments and use the knowledge in reviewing fair value movements.
• work with Front Office, Product Control, and other stakeholders to ensure proper resolution of any valuation issues
• Control Framework : Enhancement and effective management of the VCG control and governance framework associated with the relevant asset class business

Key skills and qualifications:

• 1 - 4 years of relevant experience (in Finance/Accounting)
• Strong analytical skills and MS Excel knowledge
• Excellent spoken and written English
• For Product Control: Finance knowledge (FX, Bonds, IRS, Accounting knowledge)
• Strong communication skills - written and oral
• Ability to manage time and work priorities efficiently and effectively
• A strong understanding of accounting for fair-valued instruments
• Self-motivated and innovative
• Excellent interpersonal skills - able to deal with a range of senior/junior staff across within the Firm

Education:

• Bachelor's degree/University degree or equivalent experience (Finance/Accounting degree is an advantage, not a must)

We offer:

• Work in a challenging area of the financial industry with one of the world's leading Banks with exposure to variety of products, processes and controls
• Cooperation with a high quality, international, multicultural and global team
• Management supporting balanced and agile work (flexible working hours, hybrid mode of working)
• An enjoyable and challenging learning path which leads to a deep understanding of Citi's services across various businesses globally.
• A supportive workplace for professionals returning to work after childcare leave
• Consideration for a discretionary bonus
• Competitive social benefits (medical care, life insurance, award-winning pension plan, holiday allowance, abundance of internal job opportunities, flexible working schedule, maternity/paternity scheme and other)
• A socially active team and communities with diverse networking opportunities
• Work in a friendly and diverse environment, appreciating differences in style and perspective and using them to add value to decisions leading to organisational success.

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Job Family Group:
Finance -------------------------------------------------
Job Family:
Product Control ------------------------------------------------------
Time Type:
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