Cash And Trade Proc Rep-CitiBank

CITI BANK IS HIRING A CASH & TRADE PROC REP

The Cash and Trade Proc Rep 5 is an entry level role responsible for processing basic to relatively complex transfers in coordination with the Transaction Services team. The overall objective is to perform moderately complex cash & trade operation tasks, by providing processing assistance for assigned projects.

Responsibilities:

Perform cash management operations, such as cash handling, check processing, return items and lock-box operations

Provide processing assistance for firm payments, receivables, trade transactions, liquidity flows and wholesale card activity

Aid with processing firm payments, receivables, trade transactions, liquidity flows and wholesale card activity

Serve as a subject matter expert for User Acceptance Training (UAT) and training initiatives; train new team members and lower level personnel

Participate in compliance related activities to minimize losses

Assist with cash & trade operational project needs

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

Demonstrated basic experience in cash management processing and transaction services

Proficiency with Microsoft Office tools and data entry skills

Education:

University Degree

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

Responsibilities include

Monitoring of electronic transactions received via citidirect online banking.

Follow up for processing of transactions on hold.

Reporting of Wire transfers and trade transactions in MINEFI SYSTEM called (GACHA BANK).

Processing of Check-Bills purchased, booking entries on inward and outward collection.

Reconciliation of clearing accounts, nostros accounts, suspense accounts

Pre-scrutiny and scrutiny on bill discounted

Pre-scrutiny and scrutiny on loans request

Preparations of booking entries for loan and bill discounted.

Investigations

Archiving and filing of documents

Good knowledge of trade procedure and trade product.

Processing and Liquidation of managers and certified checks.

Good working knowledge of Exchange control Regulation

Ensure Clearance of transactions in relation to Exchange control regulation

Knowledge of Payment incident regulation

Knowledge of SYSTAC/Clearing system and processes

Perform call back and Sanction Screening on related bank transactions

Ensure all customers transactions/requests received are thoroughly reviewed for completeness and compliance and timely and accurately processed.

Ensure assigned regulatory reports are submitted timely and accurately

Perform Reconciliations of all Cash related processes

Compiles and submits various Management reports (BSER, MIFT reports, GMRS etc)

Evidences adherence to compliance policy in all source documents.

Ensures that bank records and valuables files are protected in fireproof cabinet and controlled.

Proofs on a regular basis (weekly or monthly) accounts given to him / her.

Performs DCFCs and MCA on a regular basis (daily, weekly, or monthly).

Ensures entities involved in transaction are checked against SDN lists.

Reports timely to the supervisors or to the higher management, any issue damaging the bank

Act as a back up to other operations and processing units, Clearing, Funds transfer and Trade unit

What are the key challenges/changes the incumbent will have to face from the market place and internally?

Varied work assignments requiring attention to detail, frequent careful choice in timing and sequence of procedures and steps.

In-depth knowledge of various products is required in order to work effectively

Ability to work effectively and efficiently in a fraud-prone environment.

High impact in terms of risk and delivery responsibilities

Processing errors leading to unauthorized payments.

Adverse economic conditions that calls for honesty.

Ensuring high quality delivery to customers

Managing high volumes of transactions and Regulatory request

Skills:

• Good skills in technical report writing,

• Initiative to do what is right without being told.

• Ability to detect alterations on instruments presented

• General understanding of Bank product, Fx local regulations

• Quality Oriented

• Fast learner

• Team player

• Good interpersonal, decision making and problem solving skills.

• Good computer skills

• Process improvement oriented

• Service delivery oriented

• Persistent patience and courtesy.

• Availability for extra work and none initially defined functions

• Ability to create favorable impressions and instill confidence

• High integrity level.

Competencies

Proven record of project management with demonstrated achievement

Varied work assignments requiring attention to details, frequent careful choice in timing and sequence of procedures and steps.

Ability to work effectively and efficiently in a fraud-prone environment.

High impact in terms of risk and delivery responsibilities.

Large volume of processing and sometimes have to work under pressure.

Working in a restricted area with limited free space requiring a lot of attention and good organization skills.

High impact in terms of risk and delivery responsibilities and limited influence on product.

Track record of exceeding performance expectations

Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organizational success.

DEVELOPMENT VALUE:

The job will expose the candidate to:

Dealing with diverse groups of people in different departments such as ASU, Markets, Relationship Managers etc.

Exposure to both internal and external customers, and Regulatory auditors

Ensure standard approach

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Job Family Group:

Operations – Transaction Services

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Job Family:

Cash Management

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Time Type:

Full time

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.