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Rec & Proofing Rep - C04 - CHENNAI

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Citi

4d ago

  • Job
    Full-time
    Junior & Mid Level
  • Banking & Finance
  • Chennai

AI generated summary

  • You need 1-3 years in reconciliations, preferably in financial services, knowledge of bank reconciliations, good scheduling skills, teamwork ability, and a high school diploma or equivalent.
  • You will record and reconcile settled trades, manage operational risk, process collateral, and address discrepancies while ensuring compliance with laws and regulations.

Requirements

  • 1-3 years relevant experience
  • Work experience in a reconciliations role within a Financial Services Industry is a benefit
  • Understanding of bank reconciliations & proofing
  • Displays a well-developed ability to schedule work and understand relative priorities
  • Building positive working relationships and working with team members to understand the root cause of an issue in a timely and effective manner
  • High School diploma or equivalent

Responsibilities

  • The role entails ensuring that settled trades transactions are appropriately recorded and reconciled in the Banks books and records
  • This includes reconciliation of Cash/Nostro, Stock, Suspense and Payable/Receivable breaks i.e. on an exception basis for items which do not process STP
  • Process collateral movements, proof GLs, reconcile Transaction tax and review/process various subsystem reconciliations
  • This role ensures that the operational risk of the business is appropriately managed, issues are escalated and problems dealt with accurately and on a timely basis
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency

FAQs

What is the job title for this position?

The job title for this position is Rec & Proofing Rep - C04.

Where is this position located?

This position is located in Chennai.

What are the primary responsibilities of the Rec & Proofing Rep?

The primary responsibilities include ensuring that settled trade transactions are recorded and reconciled, processing collateral movements, reconciling various breaks, managing operational risk, and assessing risk during business decisions.

What qualifications are required for this role?

The qualifications required include 1-3 years of relevant experience, preferably in a reconciliations role within the Financial Services Industry, an understanding of bank reconciliations and proofing, and the ability to build positive working relationships.

What level of education is required for this position?

A high school diploma or equivalent is required for this position.

What is the expected experience in a reconciliations role?

The expected experience is 1-3 years in a relevant role.

Is this position full-time or part-time?

This position is full-time.

Does Citi practice equal opportunity employment?

Yes, Citi is an equal opportunity and affirmative action employer.

Are there any specific technical skills required for this role?

Yes, candidates should demonstrate technical and administrative expertise along with basic knowledge of functional area skills and underlying professional principles or standards.

What is the significance of risk assessment in this role?

Risk assessment is crucial as it involves making business decisions that protect Citi's reputation and ensure compliance with applicable laws, rules, and regulations.

Can I apply for this position if I have a disability?

Yes, if you are a person with a disability and need reasonable accommodations, you are encouraged to apply and review the Accessibility at Citi options.

Finance
Industry
10,001+
Employees
1998
Founded Year

Mission & Purpose

Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation headquartered in New York City. Citi's operation is to provide financial services that enable growth and economic progress. Core activities are safeguarding assets, lending money, making payments and accessing the capital markets.

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