The Agency lending department consists of five core processes, Controls, Trade Support, Collateral Management, Settlements and Asset Servicing.
The Trade Support team in Agency Securities Lending are a middle office team supporting the UK and Dublin Securities Lending trading desks.
The Collateral team in Securities Finance is responsible for ensuring that all clients in the lending program have sufficient collateral to cover the securities we have lent out on their behalf.
Monitoring client trading activity and ensuring securities lending does not negatively impact the settlement of client sales.
Booking new loan positions resulting for corporate actions
Being first point of contact for borrowers who wish to return loans
Performing contract compart with our lending counterparts.
Analysts will ensure loans are collateralised prior to release and will also ensure all loans are continually collateralized throughout their lifecycle.
Continued monitoring is required due to market price changes which cause the values of both loans and collateral to fluctuate.
Collateral coverage is achieved through agreeing margin calls with the lending counterparties and subsequently submitting collateral requirements to external Triparty agents or delivering or receiving securities and cash in the market.
The role requires daily interaction with the Trading desk, Trade Support, Settlements, the Client Executive team and also with external counterparties.
1.Ensure that all clients in the lending program have sufficient and acceptable collateral 2.Perform all securities instruction processing, pre-matching and fails monitoring for the securities lending clients 3.Proactively monitor all failing trades 4.Ensure all client queries are dealt with in a timely manner 5.Prevent and resolve exceptional errors and escalate to management 6.Have a clear understanding of our client needs e.g. timely settlements, accurate processing, process improvements and quick response time 7.Manage all trading desk queries as and when required. 8.Liaise with settlement team at regular intervals to ensure correct client exposures are calculated 9.Clearly understand department procedures and Audit requirements 10.Ownership of clients and brokers static date with the GSLS system 11.Assist in the on boarding of new and existing clients 12.Assist with testing new system releases 13.Daily management of all core reconciliation's both internally and externally 14.Assist in Ad-hoc tasks as required. 15.Assist in DAIS investment product. 16.Ensure management are made aware where they may be client noise 17.Show leadership in absence of management 18.Handle escalations from lower grades or newer persons on the team on behalf of the team leader 19.Be able to take on additional tasks and ad hoc requests that TL or SM needs to delegate out to you including projects 20.Assist in client presentations
Higher Education / A-Level equivalent or above - Work experience relevant to the role will be taken into account.
Knowledge of Securities Lending would be an advantage.
Knowledge of Citi's internal systems such as Secore and Recon are desirable.
Knowledge of market-wide systems such as Pirum and Equilend are also desirable but not essential
Excellent interpersonal and communication skills
Will be highly-motivated, strong performer
Strong organizational and follow-up skills and the ability to multi-task effectively.
Risk Awareness - Demonstrates sound judgement and professionalism in decision making/problem solving, escalating to seniors as appropriate.
Proactive, ability to use own initiative and take lead to devise creative solutions
Should demonstrate a commitment to quality and attention to detail
Strong problem-solving skills and analytical approach
Strong communication, both written and verbal
Individual contributor with the ability to work in a team of diverse skill sets and cultures
Strong people, process and business focus
Ability to react to a dynamic environment
Ability to remain calm and objective in a high-pressure environment
Must have strong self-management and be ready to use own initiative
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
Valuing Diversity: Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success.
Citi is an Equal Opportunities Employer
Internal Number: 6116900
eFinancialCareers is a career site specializing in financial services.