Asset Servicing Group Mgr - C14 Gurgaon jobs at Citi Group in India, Gurugram

Job Description:

Cash types include, but are not limited to, equities, fixed income, OTC derivative positions (swaps, swaptions, FXs, and synthetics) and collateral.

The roles and responsibilities will include actively managing risk and exposure for our clients by ensuring the investment book of record is reconciled with external record holders daily. The role requires an understanding of the mechanics of the reconciliation process, exception management, client service, troubleshooting issues, driving innovative enhancements, data analysis, maintaining documentation, assisting management in leading processes, and recommending improvements to ensure efficient and accurate processes.

Responsibilities:

• Manage a team of professionals to accomplish established goals and conduct personnel duties for team (e.g. performance evaluations, hiring and disciplinary actions) as well as support mechanism for achievement including SMART goal setting
• Management and control of exceptions arising from the cash, securities and unit reconciliations. The key responsibilities include management and oversight of unmatched cash and stock differences arising from the reconciliations of our accounting records to that of our Custodians and other CITI systems
• Ensure accuracy of published cash figures, Data analysis enhancing transparency, decision drivers and efficiency
• Collaborate with internal/external stakeholders to ensure issues are being appropriately reviewed and progressing to completion
• Understand all aspects of Reconciliation proves like Corporate actions types and working , Swift messages , Custody statements and also have potential to perform manual reconciliation wherever required
• Candidate should have experience of onboarding new clients, application, migrations etc and proven record of project handling abilities
• Review and correction of any overdrawn account balances and ensure coverage
• Provide support to the wider Fund Accounting by ensuring that all non STP cash statement activities are accurately reflected in the calculation of the daily Net Asset Value (NAV) of the individual funds.
• Complete regulatory reporting and associated client reporting requirements covering all aspects of the fund’s valuation, portfolio, expenses, and transaction volumes ensuring a variety of standard and client/regulatory formats
• Identify and implement corrective action plans across teams while analyzing and assessing business risk
• Serve as primary point of escalation for internal/external staff queries, and develop/manage process, productivity, and quality standards
• Create, develop, and maintain business relationships, identify and implement service, system, and process enhancements, lead and evaluate system testing, and train staff on new technology enhancements
• Support development and achievement of strategic goals and annualperformance/compensationcycle as well as implement methods to reduce expenses, recommend enhancements, and justify benefits
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
• Possess strong knowledge in various Reconciliations applications

Process Management:

• Timely and accurate delivery of all functions performed within concerned team
• Design & implement Service Level Agreements with Internal & External teams.
• Work closely with Fund Accounting leads / teams across all the global locations to provide necessary support.
• Setup regular governance forums with all stakeholders
• Design & implement oversight & escalation matrix
• Build upon key relationships with Stakeholders, Custodians and legal counsels amongst others.

Risk and Control Oversight, Continuous Improvement:

• Design & implement controls framework including escalation matrix in partnership with Risk team / Risk Champions
• Ensure strong documentation is in place covering all aspects of service delivery and periodic attestation by the team
• Ensure satisfactory results for all internal and external audit cycles
• Organize and co-ordinate internal training
• Regularly review operational procedures and identify areas of process improvement
• Initiate process and technology projects that maximize control and minimize risk

Business Management, Resource Planning and MIS:

• Oversee capacity and headcount planning.
• Ensure resource is available to support change management testing initiatives alongside BAU requirements.
• Allocation and monitoring of project resources in line with agreed priorities.
• Design and implement management information and business control reporting to support good business management decisions, well-informed priority judgements and appropriate alignment of resources

Business Change / Transformation Management:

• Identify and formalize business case for potential transformation initiatives.
• Collaborate with Transformation team for all strategic & tactical initiatives.
• Ensure resource is available to support change management testing initiatives alongside BAU requirements.
• Build culture to embrace change and focus on process advancement.

Requirements:

• 7-10 years of relevant experience in Investment Banking Domain
• Minimum 4+ years of experience in Fund Accounting Operations and 3+ years in Reconciliation systems and processes
• Excellent communication skills
• Strong planning skills
• Management experience
• Knowledge of the asset management industry
• Have a flexible approach, be self-motivated and a strong team player.
• Excellent attention to detail and ability to identify issues of potential risk
• Ability to work under pressure and to tight deadlines
• Management / supervisory experience in dealing with a large and diverse team
• Demonstrated Subject Matter Expert (SME) knowledge in related area
• Willing to work in Night Shifts

Desirable Qualifications

• Bachelor’s degree in accountancy or finance
• Preferably Qualified accountant or qualified through experience
• Good working knowledge of Office applications, particularly Excel and Access
• Fund Accounting knowledge

Time Type:

Time Type:

Responsibilities:

• Responsible for capturing, scrubbing and cleansing the Corporate Actions Data for producing the Golden Record on the Central Corporate Action capture platform .
• Remediates data in the Clients and Corporate action system
• Performs trend analysis and identifying root causes Implementing or suggesting solutions based on the root cause analysis
• Liaises with other teams globally to ensure data quality is remediated
• Provides a high level of customer service to our internal stakeholders
• Owns ad-hoc projects from inception through to completion
• Provides tangible metrics to Management
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• Managing various data remediation work streams Projects Knowledge
• Experience of at least 2 years in Asset servicing and corporate action process within an overall capital markets experience of 6-7 years
• Takes ownership of allocated work and is accountable.
• Able to identify, trouble shoot issues and ultimately escalate.
• Financial services related qualifications.

Education:

• Bachelor’s/University degree or equivalent experience

Additional Job Description

6-7 year experience of Corporate Actions / Asset Servicing domain/ & Fund Accounting Corporate Actions, knowledge of ISO standards. Exposure to Income events processing is desirable.

6-7 year experience of Corporate Actions / Asset Servicing domain/ & Fund Accounting Corporate Actions, knowledge of ISO standards. Exposure to Income events processing is desirable.

Time Type:

Responsibilities:

• Develops, implements, and executes compliance testing, continuous assurance, and reporting programs within assigned region for a component of a product line, function, or legal entity in accordance with Compliance Testing (CT) Plan.
• Participates in the planning, executing, and reporting of compliance assurance testing reviews and compliance and regulatory issue validation activities for a component of a product line, function, or legal entity within an assigned region in accordance with CTA Plan.
• Performs compliance controls testing, transactional testing, or compliance controls monitoring activities based on the pre-defined testing plan and reports any findings to the Compliance Testing Management team as necessary and documents them accordingly.
• Utilizes innovative compliance testing solutions including Data Analytics to enhance the value and efficiency of compliance-related activities to address emerging risks.
• Develops effective and collaborative relationships with stakeholders within and outside the CT function and outside stakeholders, such as business and technology process owners, and promotes the education and best practices across ICRM and the business.
• Promoting knowledge sharing and promulgation of best practices across ICRM and the business.
• Escalating to CT management significant compliance matters that require their attention or action.
• Additional duties as assigned.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 5-8 years of experience
• Knowledge of Compliance laws, rules, regulations, risks and typologies
• Experience with auditing principles including audit planning, risk assessments, development of risks and controls matrices, processes and controls design assessments, controls operating effectiveness testing, transactional testing, and reporting activities.
• Experience in planning, executing, and reporting on compliance testing reviews and regulatory issue validation activities.
• Extensive global compliance and audit related experience, and strong knowledge of business processes.
• Exhibit project management, interpersonal, sound decision making, and intuitive thinking skills.
• Understanding of relevant rules, laws, regulations, and specific regulatory requirements. Strong interpersonal skills for building strong relationships with stakeholders and engaging teams.
• Effectiveness in working within a large scale and complex matrix organization is essential.
• Excellent oral communication and writing skills in interacting with non-executives and executive management and across a number of multiple business lines and control functions.
• Recommends appropriate and pragmatic appropriate solutions to risk and control issues.
• Applies knowledge of key regulations to influence audit testing review scope.
• Develops effective line management relationships to ensure strong understanding of the business.
• Must be a self-starter, flexible, innovative, and adaptive.
• Works collaboratively with regional and global partners in other functional units.; ability to navigate a complex organization.
• Proficient in MS Office applications (Excel, Word, PowerPoint)

Education:

• Bachelor’s degree; experience in compliance, internal or external auditing, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; experience in area of focus; Advanced degree or relevant certification a plus.

Time Type:

Serves as a senior compliance risk analyst for Independent Compliance Risk Management (ICRM) responsible for establishing internal strategies, policies, procedures, processes related to monitoring and fostering awareness of sanctions regulatory requirements that Citi must comply with; assessing related sanctions risk exposure, overseeing the quality of sanctions control processes and setting global standards to manage and mitigate those sanctions risks and protect the franchise. In addition, provides support for the collation of potential breaches of sanctions from across the firm and work with contacts in the Business and Compliance to ensure consistent and effective application and implementation of, and controls to evidence adherence to, relevant sanctions related global standards, policies and procedures.Responsibilities:

• Analyzing comparative data, preparing and presenting regional and global reports related to sanctions risk assessments, and monitoring of sanctions related issues and escalations with senior management and global partners.

• Supporting a specialized team of Independent Compliance Risk (ICRM) officers responsible for program execution activities.

• Contributing to the design and maintenance of a comprehensive written ICRM Sanctions Framework (standards and policies).

• Partnering with functional partners and key stakeholders – regionally and globally, as applicable, to ensure potential risks are identified during due diligence, or escalated on an ad hoc basis, are appropriately vetted and addressed. Identifying and escalating to the Chief Sanctions Officer material risks and significant instances of not adherence to the Framework by accountable front line units; directs investigations in coordination with GIU, CSIS, Legal, HR, or as appropriate.

• Monitoring adherence to Citi’s Global Sanctions Policy and relevant procedures; staying current on key Sanctions regulatory changes, key enforcement actions and related industry trends.

• Overseeing adherence to procedures and processes, to ensure compliance with policies ensuring that front line units meet required standards.

• Interacting with relevant teams to raise awareness of Sanctions trends, emerging issues, remedial actions or enhancements to the program.

• Supporting efforts in connection Internal Audit and functional regulators in Program exams and evaluations; tracks and challenges remedial actions from the front line units.

• Drafting and editing sanctions-related reference materials; support the various electronic record-keeping logs for sanctions licenses, voluntary disclosures; subpoenas etc.; participate in sanctions training programs.

• Additional duties as assigned.

• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• Preferably expertise of AML and Sanctions regulations, risks and typologies

• Knowledge of Compliance laws, rules, regulations, risks and typologies

• Excellent written and verbal communication skills

• Must be a self-starter, flexible, innovative and adaptive

• Strong interpersonal skills with the ability to work collaboratively and with people at all levels of the organization

• Work collaboratively with regional and global partners in other functional units; ability to navigate a complex organization

• Excellent project management and organizational skills and capability to handle multiple projects at one time

• Proficient in MS Office applications (Excel, Word, PowerPoint) Knowledge in area of focus

Education:

• Bachelor’s degree; experience in compliance, legal or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; experience in area of focus; Advanced degree preferred

Anticipated Posting Close Date:

Responsibilities:

• Identify and implement process improves of the securities and derivatives settlement process using data analysis tools and methodologies
• Complete operational tasks focused on administering defined procedures, analyses and report preparation
• Analyze data and make recommendations for the launch of new products and services or upgraded platforms
• Minimize risk to the bank by monitoring errors and suggesting solutions that reduce errors, and ensure adherence to audit and control policies
• Identify policy gaps and propose efforts to streamline the securities and derivatives settlement processes
• Monitor, analyze and evaluate processes and data to ensure the accuracy and quality of completed settlement tasks
• Maintain an in-depth understanding of how the team collaborates with other areas in accomplishing assigned tasks
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 2-4 years of relevant experience
• Fundamental knowledge of securities/derivatives activities, policies, procedures, and concepts
• Consistently demonstrates clear and concise written and verbal communication skills

Education:

• High School diploma or equivalent

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

Time Type:

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

Shape your Career with Citi

We’re currently looking for a high caliber professional to join our team as(Internal Job Title: Reference Data Services Rep -C04) based in Gurgaon, India.Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:

• Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
• Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
• We have a variety of programs that help employees balance their work and life.

The Reference Data Services Rep 4 performs moderately complex and varied assignments. Most of the impact is related to quality of execution. Works with limited supervision. May service an expansive array of products/services. Demonstrates technical/administrative expertise. Applies specialized functional area skills and basic knowledge including underlying professional/technical principles or standards. The technical procedures for this level are well defined. Understands how duties relate with others in the team/unit and how the unit integrates with others in accomplishing the work of the function. Exchanges moderately complex information with others. There may be occasional handling of awkward contacts. Basic knowledge of the organization and its policies required. Applies research, information gathering and analysis skills to factual information. Applies judgment based on practice and precedence. Selects the best course of action from a broad array of defined options, understanding the consequences of each.

In this role, you’re expected to:

• Work on rotational shift as the team supports APAC, EMEA and NAM.
• Ensure customers classified in line with required regulations
• Performs on-going maintenance/refresh of existing customer data
• Performs on-going set up and maintenance of settlement instructions in a variety of internal applications
• Interacts daily with global operations teams to ensure timely update of all settlement instructions
• Actively monitors settlement rates to ensure instructions are being updated correctly
• Liaises with other operations teams globally to ensure new customers are opened correctly and meet local regulatory requirements prior to trading activity
• Daily monitoring of account opening activity to ensure all regulatory/document requirements are met.
• Daily deliverable of routine and defined tasks, while developing knowledge of the broader context in which work is being performed.
• Completes all mandatory reports in a timely manner and required standard
• Awareness of and adherence to audit & risk controls.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

As a successful candidate, you’d ideally have the following skills and exposure:

• Bachelor’s/University degree or equivalent experience
• 0-3 years of experience, specifically of customer identification within a global financial services organization

• background in capital markets is required

• Knowledge of settlement instruction data; and familiarity with external products and services.

Take the next step in your career, apply for this role at Citi today

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

Time Type: