Fed Settlement Analyst is a role within Market Operations supporting Cash Securities and facilitating timely settlement of trades. The overall objective of this role is to assist in the clearance, settlement and investigation of fixed income securities while providing best in class customer service. Analyst will be expected to handle escalations for settlement issues, demonstrate strong break/fail resolution skills to maintain or improve daily scorecard metrics, this is a highly dynamic role in a fast-paced environment where the analyst is required to adapt to the changing needs of our internal and external clients. Teamwork is an essential aspect of this role as well building and maintaining good relationships within the team and with other internal Citi teams. This role identifies policy and applies specialty knowledge in monitoring and assessing processes and data and encourages process improvement to increase efficiency/effectiveness within the team and organization.
Responsibilities:
Utilize industry and business knowledge to conduct analyses to manage complex deals and monitor day to day processing for the team.Lead enhancements or defect fixes to push the business forward (business case development, requirements gathering, and UAT)Demonstrate willingness to ask questions, challenge processes, and seek out answers independently.Work closely with manager to execute strategic initiatives.Demonstrate leadership by training, mentoring, and guiding junior staff.Work with all clients, internal and external, to resolve any issues in a timely fashion.Identify inefficiencies in daily tasks and lead improvement(s) in processing productivity and risk mitigation.Maintain and improve team metrics by preventing escalations, reducing breaks/age, and improving client experience.Contribute to the creation of customized reporting used to present information to management.Support implementation of securities processing improvements.Assist with identifying policy gaps and formulating policies that streamline related work processes.Develop and use knowledge of securities, processing practices and standards.Appropriately assess risk when business decisions are made, demonstrating 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:
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Citi Markets Operations is currently at a pivotal point in its evolution and journey to implement a target operating model. We take pride and are passionate about our People and our culture. We are invested in our People and their development. We are transforming and simplifying our operating model, creating an exciting environment which encourages diversity of thought and inclusion.
We are a dynamic, global, and diverse Organization, with a presence in over 60 Countries; covering all front post execution Operations teams including product aligned Middle Office groups, Settlements, Margin, Asset Servicing, Listed Derivative& Commodities Operations. We support an extensive range of Capital Markets products and services including Fixed Income (FX, Rates, Credit, Muni, Cash and Derivatives) where Citi is consistently a dominant top 3 player in the market, Equity (Cash, Derivatives, Prime Brokerage, Futures, Listed Derivs, FXPB) where Citi has a significant growth program to continue to build out its capabilities and services; and Syndicates where we support both FI and EQ new issues and IPOs.
Our Operations groups are core to the success of the Markets business and have significant impact across the lifecycle of a trade. We partner extensively with a range of internal stakeholders including Front Office Sales and Trading Desks, Compliance, Legal, Finance and HR; alongside having significant interaction with our external client base, playing a key role in the overall client experience. We have a Client relationship group, dedicated to overseeing the Organizational service performance and strategic partnership for our top tier client base, where we play a key role in supporting our global clients to ensure they have a first-class experience when doing business with Citi.
Our Business Intelligence and Process Re-engineering group works alongside our Operations teams delivering automation solutions to solve for operational challenges. We partner with Citi’s innovation labs to drive optimization, and overall play a pivotal role in enabling us to transform to achieve our target operating model.
Our Technology partners develop and implement a wide range of applications that support the Operations, Change, Design and Implementation groups in providing innovative products and solutions. We have re-imagined how to provide technology and service in our domain through the alignment of our team vision, culture, and aggressive retirement plan for legacy applications and adoption of a micro-based containerized cloud environment. We encourage our people to create, explore and be adventurous whilst taking measured risk, adopting safe practices to protect the firm. Data lineage and optimization is core to how we develop our eco system. We are growing our capabilities using artificial intelligence, natural language processing and machine learning.
Our roles entail ensuring we operate in a robust control environment, whilst in a fast-paced workplace. We comply with global regulations and internal policies and adopt a proactive approach to identifying opportunities to reduce risk through the continuous evaluation of our controls; to protect our clients, the firm, and our reputation.
We work closely with our external global peers, partners, and regulators, and play an integral part in leading an agenda at the forefront to optimize and streamline processes and drive strategy across our industry.
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Job Family Group:
Operations - Transaction Services------------------------------------------------------
Job Family:
Securities and Derivatives Processing------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
Getzville New York United States------------------------------------------------------
Primary Location Full Time Salary Range:
$55,440.00 - $77,360.00
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:
May 14, 2025------------------------------------------------------
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