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Citigroup Senior Relationship Management Analyst - Bank Network Management in Budapest, Hungary

Global Bank Network Management (BNM) is part of the Institutional Clients Group Operations Division with presence in Jersey City, Sioux Falls, Tampa, London, Budapest, Tokyo and Singapore. BNM provides best in class banking services to our business partners and clients, while strengthening regulatory compliance, governance and control over Citi owned bank accounts. BNM global functions include: Relationship Management, Regulatory, Bank Expense Optimization, Data Integrity, Bank Signatory Management, Correspondent Bank Risk Management and Internal Control.

Bank Network Management manages relationships with agent banks to provide transparency, governance, and control over real world bank accounts which ICG holds globally, both with affiliates and 3rd party banks. The role includes activities ranging from account openings and closings, bank relationship management, maintenance and creation of account information in the account repository, negotiation & processing of bank related documentation, communication of market practices and regulations, fee negotiations and service reviews.

The role will provide support to the ICG Bank Network Management team who are responsible for managing agent bank relationships for the AMERICAS, APAC & EMEA markets on behalf of Citi ICG businesses including Capital Markets, TTS and FX.

Key Responsibilities:

  • Support the Network Managers in managing the relationship with the agent bank network providing clearing, settlement, custody, cash and credit services for the ICG around the world

  • Ensure that all legal documentation is signed, scanned and linked to Abacus

  • Maintain agent bank details on Abacus and ensure this is kept up to date

  • Carry out all standard account openings and closings, as well as new relationship setup

  • Ensure that agent bank and relationship bank contacts are kept up to date at all times on Abacus

  • Learn market practices and regulations, and communicate changes to interested parties

  • Become subject matter expert in markets covered

  • Ensure that account structure and documentation meet Regulatory requirements (ie FCA/SEC, etc)

  • Ensure accounts opened and properly documented and in accordance with Regulatory requirements, procedures are strictly followed

  • Maintain the central record of cash and security accounts that are open throughout the agent network

  • Communicate all opening and closing requests to the agents with appropriate authorization

  • Maintain a database (Abacus) of all accounts known to be open at all agents throughout the network

  • Act as escalation point for operational issues

  • Provide Workflow tool training, and assistance with onboarding new users

  • Involvement and coordination of high profile projects relating to Risk Management, Data Integrity, Process Management and Change Management

  • Involvement and coordination of the Relationship Associates Team responsibilities – day-to-day supervisory responsibilities of a team up to 8 FTEs

  • New joiner training and coaching of junior team members

  • Complete additionally any other tasks in connection with the role but not detailed in the current job description, charged by the direct manager, supervisor, or the functional head.

Requirements:

  • The ideal candidate must have a BA/BS plus 5-10 years of experience in the international financial services industry, preferably with Network Management for an international broker dealer or global custodian

  • Network Management experience with an international bank, broker dealer or global custodian is preferred

  • Experience managing bank relationships, fee negotiation, account opening, documentation & the corresponding regulatory considerations

  • Understanding of cash and securities settlement processes

  • Project Management experience a plus

  • A working knowledge of SWIFT (admin, system, & industry initiatives) is a plus

  • Experience working within a large global matrix organization structure

  • Excellent written and verbal communication skills

  • Advanced Microsoft Office skills (Excel, PowerPoint, etc)

Benefits:

  • Competitive compensation package with added benefits:

  • Private Medical Care Program and onsite medical rooms in our buildings

  • Pension Plan Contribution to Voluntary Pension Fund

  • Group Life Insurance

  • Paid Parental Leave Program

  • Flexible work arrangements in an organization that acknowledges work-life balance

  • Career management and mentoring by senior colleagues and leaders

  • Inclusive and friendly corporate culture where gender diversity and equality are widely recognized

  • A socially active team and communities with diverse networking opportunities

Your journey at Citi begins here – apply now!


Job Family Group:

Risk Management


Job Family:

Operational Risk


Time Type:

Full time


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.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm) .

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View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf)

Citi is an equal opportunity and affirmative action employer. Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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