Valuation Control Sr. Analyst - Credit and Structured Products

Citizens Financial Group•Boston, MA

3d•$157,000 - $165,000

About The Position

Valuation Control Analyst, Credit and Structured Products will report to the SVP – Head of Valuation Control within Commercial Banking and is a new role within Citizens. The incumbent will play a critical role and have several key responsibilities in supporting Valuation of Citizens fair value asset portfolios. This role is a ground floor opportunity to assist in the build out of a group in a growing part of Citizens business. Primary responsibilities include Execute a price verification/benchmark process including the calculation of fair value adjustments. Work with Trading, Middle Office, Finance and Model Risk to continually monitor the various valuation risks of the business and implement appropriate adjustments. Perform analysis of markets, P&L, & Risk daily with understanding of the factors that drive the valuation risk. Enhance existing control framework including reviewing independent pricing processes, assessing potential coverage developments, and implementing new tools to enhance control efficiency. Qualifications, Education, Certifications and/or Other Professional Credentials Required Qualifications Previous Product Control, Valuation Control or Independent Price Verification coverage for one or more of following products: Convertible Bonds, Asset-Backed Securities, HY/IG Bonds, Mortgage/Mortgage Servicing Rights Preferred Qualifications CFA/FRM Preferred Masters in quantitative discipline Hours & Work Schedule Hours per Week: 40 Work Schedule: Monday – Friday Pay Transparency The salary range for this position is $157,000 - $165,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience. We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits. Work Authorization: This role is not eligible for new employer sponsored or current H-1 B visa holders. Applicants, including current OPT, L and other visa holders, must be authorized to work in the U.S. without the need for new employer sponsorship for themselves or their spouses now and in the future.

Requirements

Previous Product Control, Valuation Control or Independent Price Verification coverage for one or more of following products: Convertible Bonds, Asset-Backed Securities, HY/IG Bonds, Mortgage/Mortgage Servicing Rights

Nice To Haves

CFA/FRM Preferred
Masters in quantitative discipline

Responsibilities

Execute a price verification/benchmark process including the calculation of fair value adjustments.
Work with Trading, Middle Office, Finance and Model Risk to continually monitor the various valuation risks of the business and implement appropriate adjustments.
Perform analysis of markets, P&L, & Risk daily with understanding of the factors that drive the valuation risk.
Enhance existing control framework including reviewing independent pricing processes, assessing potential coverage developments, and implementing new tools to enhance control efficiency.