Assistant Vice President, Fixed Income FX Middle Office, Operations

Business Overview / Position Objective

Citi Market 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 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 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 Derivatives, 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.

Citigroup Global Markets Japan (CGMJ) is seeking a candidate to join its Markets Middle Office organization in our Foreign Exchange Local Markets Middle Office team (FXLM MO). This role will have a close interaction with various businesses, mainly the Tokyo-based FX Investor Sales and FX Corporate Sales which deals with FX Products such as FX Spot, Forward, Options, and Exotic transactions. Prior Middle Office experience, especially in FX business is strongly preferred. We are looking for a candidate who is interested in becoming a Middle Office expert, is detail orientated, can communicate well, can work successfully with others as a team, and can take initiative to solve problems & find solutions by working closely with their colleagues, the business and other support and control teams.  

This person will work closely with the various cross-asset Middle Office teams, the Front Office (primarily sales, relationship managers, and business managers), Technology, Finance, Operations, and Compliance, and be responsible for ensuring that the trades are captured correctly in the Front Office risk management / trade capture systems, monitoring and ensuring trades are successfully processed, and performing controls & checks which are key Middle Office tasks. He/she will also need to communicate with client’s Middle/Back Office to ensure smooth post transaction operations such as sending out preliminary-confirmation and client’s internal trading account maintenance. The team also interacts daily with other global teams at Citi, as well as across the industry, so the role provides great opportunity for exposure and growth.

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.  The candidate will also have the opportunity to participate in various future projects including the implementation and support of new regulation, automation/digitization, new trading initiatives and systems.

Position Responsibilities

• Ensure correct trade capturing with trade booking checking, Front to Back reconciliation, identifying operational risk, trade preliminary-confirmation and settlement forecasts
• Communication with external clients (in Japanese and/or in English language) on preliminary-confirmation and issue/queries raised
• Perform reconciliations, investigate breaks, and ensure that all breaks are resolved accurately and in a timely manner.
• Support new product initiative or regulatory changes impacting FX Middle Office
• Continually seek ways to enhance existing processes and/or develop robust control procedures for any new requirements identified to ensure appropriate processes are in place.
• Work closely and effectively with immediate team colleagues, the business and other support functions to provide a high standard of support to an active FX business & their client.
• Timely escalation of issues to Middle Office management.
• Provide analytical and administrative support to Front Office Sales on FX products

Required Skills and Abilities

• Experience: Demonstrated experience in a middle office or operations role
• Product Knowledge: Strong understanding of FX Products (spot, forward, NDFs, Options) and trade lifecycle.
• Communication: Consistently demonstrates clear and concise written and verbal communication skills to communicate with multi-function departments, and articulate complex issue clearly to stakeholders at various levels.
• English Communication: (advanced to fluent verbal and written level – above TOIEC 850). Fluency in Japanese language, both written and spoken required
• Organization: Strong organization and multi-tasking skills. Flexibility to handle multiple tasks and changing priorities along with a desire to work in a fast-paced environment under tight deadlines.
• Analytical: Strong analytical and problem-solving skills.  Ability to research an issue across sources to identify plans to deliver. A high level of attention to detail. An ability to pick up and learn systems, trade flows and concepts quickly.
• Interpersonal: Excellent interpersonal skills to develop relationships both internally and externally to collaborate effectively. Has a good potential for becoming a team leader in the future career and motivate for self-learning, and good team player
• Technical Skills: Advanced knowledge of Excel preferred.

Required Licenses

• Preferred: JSDA Registered Representative (Internal Control Manager or Class I preferred).

Desired Level of Qualification

• Education: Undergraduate degree level
• Middle Office / Back Office experience is strongly preferred, especially experience working with FX products

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