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Futures, Derivatives Clearing, Prime and OTC Bilateral Margining Senior Analyst is an intermediate level role responsible for managing collateral daily to protect the Firm from Counterparty risk of default. Our Counterparties include Hedge funds, Pension Funds, Banks, National Governments, and Insurance Companies et. On a daily basis we process high volumes of cash (in various currencies) and security movements to cover our exposures. Our role means we work closely with colleagues in Onboarding, Credit, Risk, Legal, Compliance, Products, Sales and Trading giving you the opportunity to interact on a global scale.
Job Responsibility:
Overseeing and leading daily core operations maintaining a culture and environment where processes, risks and controls are continually monitored, and potential risks escalated on a timely basis as well as acting as a senior point of escalation
Developing an effective control framework that fully meets Audit, Compliance and Regulatory requirements
delivery of periodic presentations to external regulators as required
Ensuring the infrastructure and tools are in place to effectively manage risk and service our clients to a high standard
Ownership of all assigned counterparties
Focus on High quality and accuracy of data input and verification
Agreeing exposures with Counterparties utilizing cash, securities and re-pricing
Coordinating, monitoring, booking and approving a high volume of collateral movements using Citi’s internal systems
Investigation and resolution of collateral breaks, disputes and queries
Timely completion of reconciliations and reporting processes
Assist management in identifying process or system enhancements
Develop an understanding of Equity, Futures and Derivative products and system flows
Help to create and build an environment of teamwork and encourage two-way communication across the unit
Provide training and direction to junior staff members on issues or processes where they require support and guidance
Applies in-depth disciplinary knowledge to provide value-added perspectives or advice
Capable of making informed decisions in line with critical deadlines
Contribute to the successful migration of processes or technical advancements into area of responsibility including drafting migration plans, test scripts etc
Proactively champion Citi’s Ethical Culture and Responsible Behaviors practices
Be an ambassador for the Margin Utility team, raising the profile of the unit across the EMEA, NAM and APAC areas
Requirements:
BS/BA degree and equivalent work experience
5+ years of working experience in Tier 1 global financial institution preferably in a Collateral Management / Margin processing role
Good understanding and experience in the Collateral Management / Margin processes and products including but not limited to Equities, Futures, Listed/Centrally cleared derivatives, OTC derivatives, FX and Commodities and their associated legal documentation
Possess good knowledge of using third party Collateral Management / Portfolio reconciliation / Settlement Processing tools - Acadia, TriResolve, Alert, etc. to facilitate margining process
Energetic, flexible, collaborative, and proactive
a leader who can positively and productively add product impact to both strategic and tactical technology
Strong, influential communicator who is articulate and concise
Strong risk management and control mindset
Provides evaluative judgment based on analysis of factual information in complicated, unique and dynamic situations
draws on diverse range of internal and external sources
Self-reliant, good problem solver, results oriented
Ability to establish and build trust with professionals throughout the business as a leader, advisor and business partner to the organization with a clear client orientation
Strong awareness of both external and internal best practice perspectives, maintaining a balanced and fresh viewpoint
Ability to conceptualize aspects of the organization’s model and its future development
Displays a well-developed ability to schedule work and understand relative priorities
Effective verbal and written skills
Effective communication and analytical skills
Effective relationship management skills
Good level proficiency in Windows and MS Office Suite