Citco is looking for Senior OTC Valuation Specialist to join our dynamic team and embark on a rewarding career journey
About Citco:
The market leader. The premier provider. The best in the business. At Citco, we ve been the front-runner in our field since our incorporation in 1948 led to the evolution of the asset servicing sector itself. This pioneering spirit continues to guide us today as we innovate and expand, push beyond the boundaries of our industry, and shape its future. From working exclusively with hedge funds to serving all alternatives, corporations and private clients, our organization has grown immensely across asset classes and geographies. For us, this progress is a pattern that we ll only maintain as we move forward, always prioritizing our performance. So for those who want to play at the top of their game and be at the vanguard of their space, we say: Welcome to Citco.
About the Team & Business Line:
Fund Administration is Citco s core business, and our alternative asset and accounting service is one of the industry s most respected. Our continuous investment in learning and technology solutions means our people are equipped to deliver a seamless client experience.
As a core member of our Valuations and P&L team, you will be working with some of the industry s most accomplished professionals to deliver award-winning services for complex fund structures that our clients can depend upon.
About You:
Degree Qualified (2.1 and above) in Engineering / Math / Physics / Finance / Economics from a top university
Quantitative skills including basic calculus, statistics and financial math
Academic/theoretical exposure to any of the following is desirable: Derivative valuation, Risk Management, Quantitative research, Financial engineering
At least 2-3+ yrs. experience in hedge funds, derivatives valuation required
Prior experience in engineering, risk management, trading, corporate finance or the sciences will be considered
Experience in FX Options, Credit Default Swaps, and other derivatives a big plus
Quick learner, strong attention to details, ability to take initiative
Interest in derivatives valuation, financial engineering
Technical skills including advanced Excel. Comfortable around IT and will need to quickly learn Excel VBA, SQL, unix, etc.
Our Benefits
Your wellbeing is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.
We embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.
Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.
Your Role:
Run in-house and external vendor pricing models to independently value derivatives held by our hedge fund clients
Analyze and compare derivative position s valuations with reference to inputs, models and relevant risk sensitivity measures. Research OTC pricing exceptions and variances. Work with clients on resolving price challenges, answering valuation questions
Involvement in testing new internally developed pricing models and system enhancements
Should be able to understand current financial models in use and provide one-off modeling needs
Improve pricing processes and infrastructure
Assisting other teams with OTC instrument and trade loader setups
Understand the basics of industry/accounting guidance (e.g. FAS157) and assist with incorporation into pricing processes
Review of client Level 3 asset valuations and methodologies
Researching markets, conventions and reporting standards
Other duties/projects as assigned
Clients portfolios priced and assessed on a timely basis
Develop and evolve pricing capabilities within the team
