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 Bank Network Management (BNM) 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.
Team/Role Overview
Bank Network Management 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 on behalf of Citi Markets businesses.
What you'll do
Manage Banks and Custodian Bank Relationships globally on behalf of the Citi Markets businesses and account management for limited US based Citi Mortgage related business ( CNAI). This will include:
1. Establishment of the bank/custody account infrastructure required to support various Markets businesses.
2. Conduct RfP’s to identify and assess ability of bank/custodian to support activity in scope
3. 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.
4. 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.
5. Negotiate fees and manage service levels to ensure best pricing and service for the Firm
6. 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.
7. Conduct formal Due Diligence on the agent banks in accordance with relevant regulatory requirements
8. Ensure Accounts are maintained in accordance with relevant regulatory requirements
9. Act as a senior escalation point within Citi and the Relationship team with respect to Agent Management.
10. Manage or actively participate in various projects involving the Network Management team, either at the market, regional, or global level.
11. Full-service support for USPB Citi Mortgage Business.
What we'll need from you
12. The ideal candidate must have a BA/BS degree plus experience in the international securities industry (in Network Management, Securities/Custody Operations, Custody/Clearance Sales or Relationship Management).
13. A good working knowledge of the securities settlement process & custody operations, cash management/services, foreign exchange, payments and derivatives (including futures) is required.
14. Experience with managing bank relationships, fee negotiation, account opening, documentation & the corresponding regulatory considerations is a must.
15. A working knowledge of SWIFT (admin, system, & industry initiatives) is a plus.
16. Highly motivated, able to work independently, self-starter, able to prioritize
17. Experience within large scale, cross-business projects
18. Project management skills and ability to multi-task
19. Strong oral and written communication skills
20. Experience with facilitating large change initiatives
21. Experience working within a large global matrix organization structure
22. Excellent written and verbal communication skills
23. The candidate should have proven relationship skills at a senior level.
24. The individual should have excellent analytical, communication and presentation skills along with time management expertise and the ability to manage many projects concurrently.
What we can offer you
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:
25. Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
26. A discretional annual performance related bonus
27. Private medical insurance packages to suit your personal circumstances
28. Employee Assistance Program
29. Pension Plan
30. Paid Parental Leave
31. Special discounts for employees, family, and friends
32. 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.
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Job Family Group:
Risk Management
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Job Family:
Operational Risk
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Time Type:
Full time
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Most Relevant Skills
Analytical Thinking, Constructive Debate, Controls Design, Escalation Management, Issue Management, Operational Risk, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment.
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Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
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