Operations Analyst- Entry Level

Organization Overview:

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in analysis, problem solving and communication to Citi's Collateral Optimization Team.

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Markets Operations Belfast Overview:

Our Operations groups are core to the success of the Markets business. We support a wide range of internal stakeholders alongside having significant interaction with external clients, playing a key role in the overall client experience.

A role within Markets Operations means that you will have a global reach, in a supportive environment which will provide you with new experiences and development opportunities right here in Belfast's iconic Titanic Quarter.

You can play an important part in transforming and simplifying our operating model.

Role Overview:

The Operations Analyst is responsible for producing daily collateral and liquidity funding reports to the business, continuously monitoring the settlement of trades, working closely with triparty collateral management vendors, managing fails and ensuring collateral demand is met with collateral supply whilst identifying risk.

What you'll do:

• Running daily reports to enable the creation of funding projections
• Build and develop relationships with other internal teams and clients
• Processing trades
• Identify risk and root causes discrepancies and form a solution to mitigate risk
• Meet control standards and understand regulatory requirements
• Identifying process improvements to streamline processes.

What we'll need from you:

• Energetic, flexible, collaborative and proactive
• Strong, influential communicator who is articulate and concise
• Strong risk management and control mindset
• Self-reliant, good problem solver, results orientated.
• Ability to establish and build trust with professionals throughout the business.
• Strong time management and organisation skills

Successful candidates will attend a two week Market Operations Training Academy if required.

This aims to help you understand how Markets Operations work and where your role fits in in Citi while also providing you with all the tools needed to be the best you can be in your new role.

What we can offer you:

This role will provide you with an opportunity to join a new high-performing team whilst working with clients and internal teams on a global scale.

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi Belfast, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
• A discretional annual performance related bonus
• Private medical insurance packages to suit your personal circumstances
• Employee Assistance Program
• Pension Plan
• Paid Parental Leave
• Special discounts for employees, family, and friends
• Access to an array of learning and development resources

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

Organization Overview:

Markets Operations represents the evolution and transformation of Operations in the Finance Industry which creates a uniqueness about how we deliver our products and solutions. We take pride and are passionate about our People and our culture. We are invested in you, your experiences, development, and in building a successful career for you at Citibank. We are modernizing everything we do; allowing flexibility and creating an exciting environment which encourages diversity of thought and inclusion.

We are a dynamic, global, and diverse Organization, with a presence in over 60 Countries; covering all post execution Operations teams including product aligned Middle Office groups, Settlements, Margin, Asset Servicing, Listed Derivative, Clearing & Commodities Operations. 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 Derivatives, Clearing and Foreign Exchange Prime Brokerage) 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 the core of all activity at the Firm and have significant impact across the lifecycle of a trade. We partner extensively with a range of internal stakeholders such as 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 service performance and strategic partnerships with top tier clients, where we play a key role in supporting global clients to ensure they have a first-class experience when doing business with Citi.

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 continuous evaluation 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 Description

Team/Position Overview:

Collateral Optimization in Markets operations is a newly formed growing team established to deliver best- in class capabilities in collateral management, inventory management, risk management and collateral efficiency

The team supports global markets business working across products, regions and divisions, with a broad range of stakeholders. The objective of the team is to deliver efficient, controlled and scalable collateral optimization, supporting cost reduction and capacity growth

The position advertised is an analyst role within the Collateral Funding & Projections team residing within the wider Collateral optimization business unit. This is a great opportunity to join a high performing & energized team who directly interact with triparty agents, global clients, exchanges, central securities depositories (CSDs), central counterparties (CCPs) and support our trading desk across 3 key regions (Europe, Asian and the United States).

The analyst will be responsible for the production of the daily collateral & liquidity funding reports to the business and Corporate Treasury providing continuous monitoring of the settlement of trades, the management of fails ensuring collateral demand is met with collateral supply and the identification and management of risk.

This is a high-profile global team with exposure to large value trades and at times high volume. The role involves daily engagement with clients, internal stakeholders and triparty vendors to resolve collateral settlement issues and identify/resolve root cause.

The successful candidate will receive supportive training and a personal development plan to help them succeed within this role and develop their career at Citi.

Key Responsibilities

Stakeholder Engagement:

• Running daily reports to enable the creation of funding projections to be shared with Finance desk and Corp Treasury.
• Regular communication with clients and trading desks, with focus on exception reconciliation.
• Engagement with Corporate Treasury stakeholders monitoring Treasury Controlled Locations
• Manage settlement of central bank pledges used for creating liquidity.
• Documentation and publication of senior management reporting where required
• Amending trades as per instruction from the trading desks.
• Work closely with triparty agents and triparty infrastructures

People & Culture Agenda:

• Build and develop relationships with other internal teams and clients
• Analysis unfunded positions and provide feedback to the business.
• Investigating large volumes of data to find and resolve differences in trade economics.
• Manage multiple internal and vendor systems to find exceptions and resolve.
• Prioritizing daily workload efficiently to meet deadlines
• Champion diversity and inclusion, supporting a work environment that allows our People to thrive and excel
• Promote a culture of continuous improvement, cultivating a robust service and control environment

Robust Control Environment

• Identify risk and root causes of non-settlement and work with team to input resolutions to achieve settlement and mitigate risk
• Meet control standards and understand regulatory requirements
• Enhance our client experience by identifying process improvements to increase the automation of daily processes.
• Identify risk and root causes of non-settlement and work with team to input resolutions to achieve settlement and mitigate risk

Key Skills:

• Excellent Microsoft skills
• Previous relevant experience, preferable but not essential, or transferrable skillset
• Effective verbal and written skills
• Effective communication and analytical skills, Attention to detail
• Problem solving
• Teamwork
• Proactive and willing to learn
• Good time management

Job Family Group:
Operations - Transaction Services

Job Family:
Securities and Derivatives Processing

Time Type:
Full time

Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

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