Valuation Control Sr. Analyst - Credit and Structured Products

About the role

This is a new role within Citizens, reporting to the SVP – Head of Valuation Control in Commercial Banking. The incumbent will play a critical role in supporting the valuation of Citizens' fair value asset portfolios, with a ground-floor opportunity to assist in building out the group in a growing part of the business.

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 valuation risks and implement appropriate adjustments.
• Perform daily analysis of markets, P&L, and Risk, with an understanding of factors driving valuation risk.
• Enhance the existing control framework by reviewing independent pricing processes, assessing potential coverage developments, and implementing new tools to improve control efficiency.

Requirements

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

Preferred Qualifications

• CFA or FRM certification.
• Master’s degree in a quantitative discipline.

Pay

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 factors including work location and relevant skills and experience.

Benefits

• Comprehensive medical, dental, and vision coverage.
• Retirement benefits.
• Maternity/paternity leave.
• Flexible work arrangements.
• Education reimbursement.
• Wellness programs.
• Paid time off policy exceeding mandatory local and state requirements in the U.S.

For an overview of benefits, visit https://jobs.citizensbank.com/benefits.

Schedule

• Hours per Week: 40
• Work Schedule: Monday – Friday

Work Authorization

This role is not eligible for new employer-sponsored or current H-1B visa holders. Applicants 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.