Asset Servicing, Income Analyst - Belfast, United Kingdom - eFinancialCareers

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Belfast, United Kingdom

2 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

Overview of Citi:

Citi is a world-leading global bank. We have approximately 200 million customer accounts and a presence in more than 160 countries and jurisdictions worldwide.

We provide consumers, corporations, governments, and institutions with a broad range of financialproducts and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

We enable clients to achieve their strategic financial objectives by providing them with cutting-edgeideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.

Citi Belfast is one of the largest employers in Northern Ireland with a diverse and talented team of over 3000 people from over 40 different nationalities across our four Belfast offices.

We are the only global investment bank operating in Northern Ireland.

Every day, our local experts interact with global teams in over 100 countries developing and supporting next-generation technology solutions for the enterprise and delivering critical servicesto the bank and its customers, to make sure we are a stronger and safer organization for our clients.

You will have a truly global reach, which will provide you with new experiences and development opportunities right here in Belfast's iconic Titanic Quarter.


Organization Overview:


Citi Markets Operations is currently at a pivotal point in its evolution and journey to implement a target operating model.

We take pride and are passionate about our People and our culture. We are invested in our People and their development. We are transformingand simplifying our operating model, creating an exciting environment which encourages diversity of thought and inclusion.

We are a dynamic, global, and diverse Organisation, with a presence in over 60 Countries; covering all front post execution Operations teams including product aligned Middle Office groups, Settlements, Margin, Asset Servicing, Listed Derivative & CommoditiesOperations.

We support an extensive range of Capital Markets products and services including Fixed Income (FX, Rates, Credit, Muni, Cash and Derivatives) where Citi is consistently a dominant top 3 player in the market, Equity (Cash, Derivatives, Prime Brokerage,Futures, Listed Derivs, FXPB) where Citi has a significant growth program to continue to build out its capabilities and services; and Syndicates where we support both FI and EQ new issues and IPOs.

Our Operations groups are core to the success of the Markets business and have significant impact across the lifecycle of a trade.

We partner extensively with a range of internal stakeholders including Front Office Sales and Trading Desks, Compliance, Legal,Finance and HR; alongside having significant interaction with our external client base, playing a key role in the overall client experience.

We have a Client relationship group, dedicated to overseeing the Organizational service performance and strategic partnershipfor our top tier client base, where we play a key role in supporting our global clients to ensure they have a first-class experience when doing business with Citi.

Our Business Intelligence and Process Re-engineering group works alongside our Operations teams delivering automation solutions to solve for operational challenges.

We partner with Citi's innovation labs to drive optimization, and overall play a pivotal rolein enabling us to transform to achieve our target operating model.

Our roles entail ensuring we operate in a robust control environment, whilst in a fast-paced workplace.

We comply with global regulations and internal policies and adopt a proactive approach to identifying opportunities to reduce risk through the continuousevaluation of our controls; to protect our clients, the firm, and our reputation.

We work closely with our external global peers, partners, and regulators, and play an integral part in leading an agenda at the forefront to optimize and streamline processes and drive strategy across our industry.


Job Purpose:


The role is within the Asset Servicing group which is a high profile function and part of the Market Operations division.

Asset Servicing is represented Globally across the NAM, EMEA and APAC regions and has responsibility for processing Corporate Actions andIncome events for Firms and client's positions.

It is one of the most interesting areas within operations having connections with multiple departments and business areas. The department supports, Prime Brokerage, Firm trading desks, Stock Lending, Repo, andSWAPS for both Equity and Fixed Income.

The role is an individual contributor role to perform functions relating to Income reconciliations (Dividends & Coupons) for Asset Servicing.

The role will report directly into the team supervisor and will be responsible for continuing to strengthen the experiencewithin the teams whilst enhancing risk and control frameworks, aligning to company strategy and vision.

The core function of the role is to ensure cash entitlements resulting from client repo away coupons are reflected correctly to our clients in a timelyand accurate manner.


Key Responsibilities:


  • Reconciliation of fixed income coupons for prime brokerage clients based on repo away activity.
  • Regular communication with prime brokerage clients and trading desk, with focus on client service, covering all repo and stock borrow/loan issues.
  • Review cash / portfolio / collateral reconciliations and resolve discrepancies as appropriate.
  • Enhance our client experience by identifying process improvements to increase the automation of daily processes.
  • Perform daily reconciliation using "inhouse systems", preventing exposure and billing differences.
  • Complete reconciliations for clients where differences have been identified.
  • Complete end of day checks against a daily exposure report in line with our audit requirements.
Timely updating and completion of MIS control rep
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