Fed Settlements is responsible for the settlement of Fixed Income securities across various trading desks and depositories.  Candidate should have a proven settlement or operations background.  The manager of the team recruits, leads, empowers, develops and motivates staff, maximizing individual contributions and professional growth and development. The manager works closely with technology leads to test technology solutions and improvements and acts as a subject matter expert. The manager is responsible for daily oversight of multiple depositories on CBNA Settlements, managing exceptions, attending meetings, providing solutions to our partners on future flow, weekly and monthly reporting of exceptions, identifying operational risk and escalating as appropriate.

Responsibilities:

Overseeing and leading daily operations of a Fed/CBNA Settlement team; maintaining a culture and environment where processes, risks and controls are continually monitored with potential risks escalated as appropriate in a timely mannerTimely resolution of fails and breaks as delays or errors can potentially lead to financial and/or reputational riskResponsible for demonstrating control, minimizing errors and improving team metrics by preventing escalations, reducing breaks/age, and improving client (internal and external) experienceActing as a key point of contact between internal and external partners, our clients and the businesses we supportIdentify inefficiencies in daily tasks and lead improvement(s) in processing productivity and risk mitigationContinued engagement and face off with our business, technology and operations partnersSupport the development of an effective control framework that fully meets Audit, Compliance and Regulatory requirementsSupporting management in the implementation of successful people and engagement strategies to help attract, develop and retain a diverse teamCoaching and mentoring our people, ensuring effective one to one discussionFollows established procedures to identify problems related to securities settlements that require investigation or researchAssists in resolving problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedentsProvides leadership and guidance when reviewing business or industry initiatives and ensuring successful implementation, and sound controls are in placeDemonstrates an intermediate level of understanding of products and processes, and of how duties relate integrate with others in the team and closely related teamsUtilizes strong communication, interpersonal skills to interact with colleagues and stakeholders, and to exchange potentially complex sensitive information, while being sensitive to audience diversity

 

Qualifications:

3-5 years of relevant experience. Proven track record within capital markets operations, fixed income settlement experience preferred.Ability to work in a structured, high volume, time sensitive, high risk and demanding environmentGood analytical skills and positive attitudeEnergetic, flexible, collaborative and proactiveStrong risk management and control mindsetProvides evaluative judgement based on analysis of factual information in complicated, unique and dynamic situations, draws on diverse range of internal and external sourcesSelf-reliant, good problem solver, results orientedWorking knowledge of Microsoft SuitePrior regulatory / risk management / capital markets experience a plus

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.


 

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Job Family Group:

Operations - Transaction Services

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Job Family:

Securities and Derivatives Processing

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Time Type:

Full time

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Primary Location:

Getzville New York United States

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Primary Location Full Time Salary Range:

$92,000.00 - $138,000.00

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Anticipated Posting Close Date:

Feb 13, 2025

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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.

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