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Join our Citi Bank Network Management Team in Budapest and make your own progress in a people-oriented and supportive environment that appreciates and promotes personal and professional aspirations! Bank Network Management (BNM) is part of the SMB&IC Operations & Technology (O&T) Division. BNM provides best in class banking services to our business partners and clients, while strengthening regulatory compliance, governance, and control over Citi owned bank accounts. BNM global functions include: Relationship Management, Regulatory, Bank Expense Optimization, Bank Signatory Management (BSM), Third Party Risk and In Business Risk & Control. The Relationship function is responsible for managing relationships with agent banks to provide transparency, governance, and control over real world bank accounts which Citi businesses hold globally, both with affiliates and 3rd party banks. The Senior Network Manager (SNM) position covering the Agent Bank Relationships for the EMEA markets on behalf of Citi Markets businesses.
Job Responsibility:
Manage Banks and Custodian Bank Relationships across the EMEA region on behalf of the Citi Markets businesses
Establishment of the bank/custody account infrastructure required to support various Markets businesses in the EMEA markets
Conduct RfP’s to identify and assess ability of bank/custodian to support activity in scope
Consult businesses and other interested parties (operations, legal, tax, regulatory, etc.) on market practices and capabilities
assist on establishing new products
report regulatory/market changes to interested parties, and the potential impact to their businesses
Close coordination with many areas of the Firm is required (Trading Desks, Securities Operations, Treasury Operations, Legal, Tax & Compliance) and the candidate will have significant external contact with Banks, Industry Organizations and Internal Regulators
Negotiate fees and manage service levels to ensure best pricing and service for the Firm
Negotiation of and completion of documentation (SLAs, BCP and Legal Agreements) required for the establishment of relationships and the opening of accounts, and ongoing maintenance and management of that documentation
Conduct formal Due Diligence on the agent banks in accordance with relevant regulatory requirements
Ensure Accounts are maintained in accordance with relevant regulatory requirements
Act as a senior escalation point within Citi and the EMEA team with respect to Agent Management
Manage or actively participate in various projects involving the Network Management team, either at the market, regional, or global level
Requirements:
10-15 years of experience in the international securities industry (in Network Management, Securities/Custody Operations, Custody/Clearance Sales or Relationship Management)
Bachelor’s/University degree
A good working knowledge of the securities settlement process & custody operations, cash management/services, foreign exchange, payments and derivatives (including futures) is required
Experience with managing bank relationships, fee negotiation, account opening, documentation & the corresponding regulatory considerations is a must
A working knowledge of SWIFT (admin, system, & industry initiatives) is a plus
Highly motivated, able to work independently, self-starter, able to prioritize
Experience within large scale, cross-business projects
Project management skills and ability to multi-task
Strong oral and written communication skills in English
Experience with facilitating large change initiatives
Experience working within a large global matrix organization structure
Proven relationship skills at a senior level
Excellent analytical, communication and presentation skills along with time management expertise and the ability to manage many projects concurrently
Nice to have:
A working knowledge of SWIFT (admin, system, & industry initiatives)
What we offer:
Cafeteria Program
Home Office Allowance (for colleagues working in hybrid work models)
Paid Parental Leave Program (maternity and paternity leave)
Private Medical Care Program and onsite medical rooms at our offices
Pension Plan Contribution to voluntary pension fund
Group Life Insurance
Employee Assistance Program
Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
Flexible work arrangements to support you in managing work - life balance
Career progression opportunities across geographies and business lines
Socially active employee communities with diverse networking opportunities
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