Open Jobs 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

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Job Description

• The Exchange Control Officer is an intermediate level role responsible for ensuring transactions are processed accurately and on time in coordination with the Transaction Services team. The overall objective is to research, conduct analyses, and resolve issues.

Responsibilities:

• Interpretation of the provisions in the Currency and Exchanges Manual for Authorised Dealers as well as the Exchange Control Regulations
• Assist business units and clients with training on the requirements of Exchange Control, from a procedural and regulatory perspective
• Play a prominent role in ensuring the safeguarding of Citibank N.A. South Africa Branch’s license to act as Authorised Dealer in foreign exchange by testing the application of the policies and regulations and resolving any exceptions
• Provide subject matter expertise during the development of new foreign exchange or trade products to ensure the products will meet Exchange Control requirements
• Work with the different business areas to prepare for Exchange Control inspections by the Financial Surveillance Department of the SA Reserve Bank and with the SARB to scope the inspections and receive the results. Own the process for resolving any issues raised
• Assist with reviewing of Inspection Reports issued by the Financial Surveillance Department of the SA Reserve Bank
• Provide guidance and assistance to other Citibank N.A. South Africa Branch Departments as well as to foreign correspondent banks on Excon related matters
• Verify requests for special consideration that do not meet the provisions of the Currency and Exchanges Manual current exchange control rulings to determine if they are likely to meet with approval from the Exchange Control requirements and advise the relationship manager/client on the likely outcome. Advise clients on suitable alternatives where appropriate
• Assist with the preparation of clients' Exchange Control applications to ensure that all information required by the Financial Surveillance Department of the SA Reserve Bank are adequately covered and that the case is sufficiently motivated to ensure speedy response from the SARB. Provide guidance and advice as required
• Support with other administrative duties such as submission of reports/returns to ensure compliance with the Currency and Exchanges Manual for Authorised Dealers

Qualifications:

• Relevant experience in a related role within trade / cash operations management
• Expert level proficiency in Windows, MS Project, and MS Office Suite

Education:

• Bachelor’s/University degree or equivalent experience

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Job Description

• The Foreign Exchange & Money Market Officer intermediate level position responsible for processing orders and transactions originating from trading desks and branch offices in coordination with the Operations - Transaction Services team. The overall objective of this role is to facilitate the clearance, settlement and investigation of client securities and derivatives transactions.

Responsibilities:

• Process securities transactions, provide analytic input for traders and aid in review of derivative products
• Identify and resolve securities and derivative settlement issues, and make process improvement recommendations to leadership
• Analyze moderately complex reports to satisfy management requirements, aid in control activities, and contribute to the launch of product services
• Monitor and suggest solutions to errors to minimize risk to the bank, through an intermediate knowledge of procedural requirements
• Escalate transaction processing issues to the appropriate department and collaborate on a solution
• Design and analyze moderately complex reports, in coordination with standards set by direct leadership
• Assist with control activities, and the launch of new products and services
• Ensure processes adhere to audit and control policies

Qualifications:

• 2-5 years of relevant experience
• Fundamental understanding of Treasury products, accounting and regulatory policies

Education:

• Bachelor’s Degree/University degree or equivalent experience in Business, Accounting, or Finance