Equity Derivatives - Corporate Action Adjustments & Data Integrity (Assistant Vice President)
Citi
London, UK
Role Overview
This is an Assistant Vice President (AVP) role within the Markets Operations Organisation. The role sits within a newly created team in the Equity Derivative Middle Office with a primary function of adjusting live positions affected by Corporate Actions in the Front Office Risk System for all EMEA Equity Trading Desks.
You will play a pivotal part in helping to support the lifecycle of a trade at key junctures. Working to ensure all positions are correctly captured in risk systems and flow through our front to back Operations teams, with no issues.
This is a great opportunity to join a high performing, high profile and energized team providing key support on a daily basis, and working directly with our Global Traders and Clients. You will build a strong network with the Front and Middle Office functions and will also gain experience dealing with all types of traded securities from vanilla options to more complex exotic options and structured products
We’re seeking individuals with experience, and the ideal candidate will be familiar with corporate actions and their effects on trading positions.
You will have the opportunity to recommend creative suggestions and work on new and existing projects to improve processes and workflows to minimize losses from failed internal processes, inadequate controls, and emerging risk in order to better serve our Clients.
This is an exciting opportunity to kick start your career at Citi! We are looking for enthusiastic and energetic team players, with a strong work ethic, who will join Markets Operations team and make a difference!
What you'll do
- Overseeing and executing a critical core operations activity to maintain correct risk through corporate action events and ensuring controls are continually monitored, and potential risks escalated on a timely basis
- Daily Collaboration across Global Clients, Trading, and Operations teams to provide solutions and identify/resolve root cause.
- Acting as key point of contact for the team across internal and external stakeholders
- Identifying trends, synergies and weaknesses across products and regions
- Recommending control enhancements as needed
- Promoting a culture of continuous improvement and cultivating a robust service and control environment
- Championing diversity and inclusion to create a working environment which allows our People to thrive and excel
- Providing input to simplify, improve and measure processes by delivering enhancements to the control environment, and the customer journey with input to design techniques and digital automation
- Providing valuable input into strategic platform re-engineering initiatives, reducing manual touch points and aligning tech delivery vs. business goals and wallet share optimization
- Providing input into initiatives to continuously improve straight through processing (STP) rates, including the use of robotics, workflow and other innovative re-engineering techniques
What we need from you
- Experience in a related role
- Experience in dealing with Trade Bookings, Front to Back trade flows, Trade Support or Middle Office Functions
- Strong understanding of Equity Derivatives
- Demonstrated project management and delivery skills
- Ability to work under pressure and manage to deadlines
- Ability to work in a fast-paced environment
- Consistently demonstrates clear and concise written and verbal communication
- Attention to detail and problem-solving skills
- Process improvement and efficiency mindset
- Understanding of systems and technology platforms
- Expert Excel user and coding ability (VBA, SQL) for data analysis and process automation
- Bachelor’s degree/University degree or equivalent experience
What we can offer you
We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.
By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:
• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
• A discretional annual performance related bonus
• Private medical insurance packages to suit your personal circumstances
• Employee Assistance Program
• Pension Plan
• Paid Parental Leave
• Special discounts for employees, family, and friends
• Access to an array of learning and development resources
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
Organization Overview:
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 Organisation, 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:
Transaction Capture Services------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Please see the requirements listed above.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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