Cash & Trade Processing Associate Analyst 2

Citigroup Inc. Tampa , FL 33602

Posted 2 months ago

  • Primary Location: United States,Florida,Tampa

  • Education: Associate's Degree/College Diploma

  • Job Function: Operations

  • Schedule: Full-time

  • Shift: Day Job

  • Employee Status: Regular

  • Travel Time: No

  • Job ID: 18060384

Description

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citi's Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop to are widely available to all.

Job Background/context:

Citi's Markets and Securities Services business provides world-class financial products and services as diverse as the needs of the thousands of corporations, institutions, governments and investors we serve. With trading floors in more than 80 countries, we work to enrich the relationships, products and technology that define our market-making presence. The breadth, depth and strength of our sales and trading, distribution and research capabilities span a broad range of asset classes, currencies, sectors and products including equities, commodities, credit, futures, foreign exchange (FX), emerging markets, G10 rates, municipals, prime finance and securitized markets.

Citi's FCC business consolidates Futures, OTC Clearing and Collateral activity in order to provide clients with a comprehensive and consistent service experience; Peer teams include Prime Finance Operations and Custody Operations.

Citi Futures, Clearing & Collateral is one of the world's largest participants in exchange-traded derivative markets and has also established itself as a market leader in the evolving Futures and OTC Clearing world.

Job Purpose:

Citi is seeking an Intermediate Analyst within the ICG Operations and Technology organization supporting our Collateral Operations. The candidate will report directly into NAM Collateral operations manager apart of (Futures, OTC Clearing & Collateral).

Role includes significant interface with the firm's business partners, carry brokers, and clients. Performing an advanced role within the Collateral environment along with taking the lead on multiple initiatives, new client implementations, daily work, and system enhancements along with UAT testing. Become the end to end processing subject matter expert as collateral manager for clients, across multiple applications, products & Security Services business lines.

Candidate will have to conduct business analysis, drive strategy, manage projects, deliver and administer metrics and reporting.

Analysing & reconciling collateral data from various files/websites/reports/applications for OTC/Cleared Derivatives & Futures across exchange relationships i.e. CME, LCH, ICE and OCC.

Issuing margin calls & processing calls received on behalf of clients and exchanges. Working with Margin team to ensure client collateral is passed through to exchange reducing funding impact to Citi as an FCM/CCP.

Collateral optimization will play a vital role within this position

Key Responsibilities:

  • The role will be an SME within day to day operations functions for Collateral. In addition, this role will offer exposure to senior management of the business, region, and other firm-wide partners. The team operates in a global functional model.

  • Drive collateral optimization initiatives along with process automation in order to deliver collateral off balance sheet

  • Contribute to change initiatives to improve operational processes, internal controls, increase client service standards, and add process scale by eliminating manual touch points and reducing funding costs to the firm.

  • Analyzing & reconciling collateral data from various files/websites/reports/applications for OTC/Cleared Derivatives & Futures across Exchange relationships

  • Issuing margin calls & processing calls received on behalf of clients and exchanges

  • Reconciling & managing disputes between parties on collateral activity (i.e. exposures, collateral, pricing, transactions, etc.)

  • Perform business analysis and manage strategic projects and initiatives: discretionary projects and initiatives. These initiatives include client-facing, front to back operations and new businesses onboarding. Work closely with business partners, line management, technology, and subject matter business analysts

Qualifications

  • BS/BA degree in relevant subject (e.g. Finance, Accounting, Mathematics, Management) or equivalent work experience

  • 3+ years of experience in Financial Services with 2+ years in Collateral preferred

  • Experience delivering line support and strategic change programmes in a fast paced, large global financial services firm, ideally in an operations, risk or technology organization

  • Energetic, flexible, collaborative, and proactive leader

  • Possesses strong communications skills and has proven success interacting with senior management both in the business, corporate functions as well as the Operations, Business and Technology environments

  • Knowledge of Margin Processing, Futures, OTC & Derivatives Products a plus

  • Strong awareness of both external and internal best practice perspectives, maintaining a balanced and fresh viewpoint.

  • Self-starter with the ability effectively multi task.

  • Ability to work well as part of a team and autonomously.

  • Focus on client services and relationship building.

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Cash & Trade Processing Associate Analyst 2

Citigroup Inc.