Foreign Exchange & Money Market Senior Officer at Citi

Responsibilities:

Daily:

To ensure efficient and accurate work when dealing with the following in accordance with the Local Operating Procedure (LOP) and A & P manual:

FX & MM Process:

• Adhering to company policies and practices at all times
• Ensure that CLS payments are processed successfully within the given time limit
• Ensure in providing reports to dealers i.e. Sundry, Call accounts etc
• Follow up with Citiservice/Dealers on entries over standard in Sundry account.Ensure no items over 48hrs in Sundry at all times
• Payments are sent out timeously
• Confirmations are matched timeously and discrepancies raised and resolved
• Process Africa Cluster countries transactions accurately
• Communicating with front office to correct discrepancies
• Necessary customer or dealer follow-ups are done
• Citiservice is kept informed about alterations and other issues that will concern them
• Timely resolution of branch queries and instructions by designated persons
• Supervisors are informed of any issues/possible issues at all times.
• Review Cluster FCCL’s
• Review Cluster Nostro reports
• Reconciliation items are resolved on a daily basis.
• Orbiflow queues cleared
• Suspense accounts and Internal funding accounts used are checked for zero balance at the end of day
• Edealer/Flex/MLV queues checked before leaving
• Maintaining an accurate and complete record of all daily actions. All filing is updated on a daily basis. (Scanning where necessary)
• EOC queries in Flexcore are checked for unauthorized transactions upon closing, paper trails are checked for and all stamps, drawers and cabinets, doors are locked

Monthly Responsibilities:

• The procedure file and designations must be reviewed on a monthly basis
• New staff is trained in accordance with these procedures
• Preparation and processing of month end journals into the General Ledger
• Advise finance area of any adjustments affecting the month end reporting
• Preparation and submission of monthly and surprise proofs
• Attend PASA calls

Annual and Quarterly Responsibilities

• SARBMOS entitlements review
• Attestations in the relevant applications in use
• Providing Quarterly reports to the respective business areas
• Support the SARMOS COB and DR testing

Knowledge/Experience:

• Demonstrated interaction with senior management & customers
• Relevant experience and strong business mindset to provide a platform for success
• Treasury products – Understanding of financial instruments

Development Value:

• On-the-job training of Citibank N.A. South Africa policies and procedures.
• Operational training.
• Exposure to FX and MM products
• Exposure to CMB Operations
• Opportunity to showcase managerial attributes