Books and Records Intermediate Analyst (Market Operations)

The Books and Records Oversight team within Markets Operations primary objective is to strengthen the books and records discipline and control framework within Markets Operations. The function has been recently created within Markets Operations to drive remediation efforts and the adoption of strong accounting practices as part of firm-wide policies and programs.

The candidate requires solid accounting and financial background combined with a good understanding of operational processes and will lead Markets Operations’ engagement with the Finance department and at firm-wide forums on accounting related matters.

Other objectives will be to 1) develop robust quality control around balance sheet substantiation for accounts owned by Markets Operations and 2) work with the Markets Operations’ leadership team to develop strong books and records / accounting knowledge across Markets Operations via the deployment of training and standards.

Markets Operations is a global organization with a presence in over 60 Countries, covering post execution capabilities spanning product aligned Middle Office groups, Settlements, Margin, Asset Servicing, Listed Derivative & Commodities Operations. We support an extensive range of products and services including Fixed Income, Equity, Commodities and Syndicates. We are part-way through a multi-year journey to deliver a future state of Operations, encompassing end to end target operating model, controls design and uplift, technology transformation, data and process re-engineering.

Responsibilities: Lead and Oversee:

• Partner with Line Operations teams to ensure all the correct metrics and controls are in place, with regular reviews to ensure monitoring remains relevant and effective
• Work with Finance colleagues to ensure that balance sheet substantiation is complete and that controls are designed effectively
• Foster a good understanding of accounting practices/processes within the wider Markets Ops team, bridging the link between the movement of cash with how this is recorded on Citi’s books and records.
• Co-ordinate all account owner activity across Markets Operations.
• Participate in and/or lead projects as assigned.

Includes but not limited to:

• Understand and maintain Operations chart of accounts
• Completeness and accuracy of Balance Sheet substantiation
• Partnership with other functions to support a strong end to end control environment:
• Work with Finance and Operations Risk & Control to ensure Markets Operations are compliant with relevant policies and standards
• Partner with Balance Sheet Control and risk reporting to support accurate and timely exceptions reporting
• Exercise sound judgement regarding the proper application of accounting principles to reconciliations
• Work with counterparts across the Centralized Operations team to promote consistency and common standards

Drive progress on areas of improvement:

• Work with Technology and internal partners to build a standard mechanism to accrue for and then pay/receive interest between internal desks/accounts across all products in Markets
• Strengthen issue management processes, ensure emerging risks are correctly escalated with the appropriate level of urgency
• Support Markets Operations’ involvement in firm-wide programs related to accounting and book and records matters (e.g. Strategic Ledger)

Experience and Qualifications:

• 5-10 years relevant experience
• Bachelor’s/University degree, Master’s degree preferred
• Strong command of financial accounting and the operational aspects of books and records management
• Experience as finance professional / background / degree and working experience in Technology creating products set up, UAT working with Finance / Market Ops people and understanding of products will be valuable
• Excellent Communications skills verbal & written. Active listening skills.
• MS Office, Tableau knowledge preferred.
• Must be amendable to work on UK shifts.

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Job Family Group: Operations - Transaction Services

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Job Family: Reconciliation and Proofing

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Time Type: Full time

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Most Relevant Skills Please see the requirements listed above.

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Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.

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