eFinancialCareers

• Company

  Citi

• Location

  Scotland-Edinburgh

• Remuneration

  not disclosed

• Position Type

  Employee

• Employment type

  Full time

• Updated

  05 Sep 2008

• eFC Ref no

  445975

See job description below

Job Purpose:

To provide business risk management for all Edinburgh related Investor services provided to the UK Insurance, Pensions and Funds Industry with focus on regulatory risk, contractual risk, accounting risk and risk related to the regulatory and accounting responsibilities of our clients and their investors.

The position will also oversee all internal related risk processes to ensure business end to end compliance and build and maintain the highest level of businesses risk management and audit control for the Edinburgh franchise.

The position reports to the Business Management Head responsible for the Investor Services franchise in Edinburgh.

Job Background/context:

Citi Global Transaction Services is a leading provider of cash management, trade, securities and fund services to financial institutions and corporate clients around the world. With a global network spanning 90+ countries, we are uniquely qualified to service clients with local and cross-border interests and provide integrated reporting and management.

Global Transaction Services (GTS) offers a broad range of cash management, treasury, trade, custody, clearing, fund administration, securities financing, depositary receipt, and agency and trust services. Our global platform is unique in the industry for its reach, interoperability and flexibility. It provides clients with timely, accurate information and dynamic, web-based tools to effectively manage their securities portfolios, financial positions, working capital and supply chain around the world. Combined with a worldwide network of dedicated and experienced transaction services professionals, Global Transaction Services is well suited to serve clients anywhere they do business.




This is a regional role located in London/Edinburgh.

Key Responsibilities:

Create and manage risk management framework including ‘responsibility transformation' from legal contract/ relevant UK legislation / accounting standards to operating memorandum to operational functions

Monitor all client contractual, regulatory, accounting, responsibilities, potential risk drivers and change processes i.e. regulatory or client contractual changes

Co-ordinate all related operational, internal policy compliance risk assessment and define controls

Manage product contractual changes and impact on related services levels

Provide senior level consolidated reporting of all risks and corrective action plans

Lead corrective action plans related to contract governance, product compliance

Development Value:

Development of leading edge outsourcing services risk management processes

Exposure to major UK Insurance and fund clients and industry structure, product and players.

Develop deep understanding of SFS Investor Services product set

Refine senior level analytical and communication skills

Extend network of contacts within SFS, EMEA and its clients

Skills

Knowledge/Experience:

Risk management and regulatory compliance knowledge within the UK funds and Insurance industry

Senior level Fund Administration Product, Technology, external consultancy, insurance actuarial or compliance background

End-to-end product knowledge including regulatory and accounting expertise

Strong influencing and communication skills with internal; and client seniors, legal, compliance and Audit

Strong understanding of regulation and legal framework for UK Insurance and Funds industry.

Experience and ability to work flexibly across multiple projects

Excellent Client and internal senior management focused communication skills.

Skills:

Excellent analytical skills

Strong verbal and written communication capability

Proficient organisational skills

Qualifications:

Graduate

A Banking / Accounting/Actuarial / Investment management qualification.

Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and type of experience

Competencies

Strong organisational skills

Strong interpersonal skills with ability to interface and communicate cross-functionally

Articulate in written and verbal communications skills

Propensity for detail and comprehensiveness of content

Flexible and adaptable to a changing work environment

Self-motivated and willingness to assume responsibility