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Securities Settlements Officer

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Citi

2d ago

  • Job
    Full-time
    Entry Level
  • Accounting & Tax
    Banking & Finance
  • Pune

AI generated summary

  • You need relevant experience, understanding of Treasury products and regulations, ability to handle multiple tasks in a high-risk environment, knowledge of macros, and strong communication skills. A degree in Business, Accounting, or Finance is preferred.
  • You will verify trades, match confirmations, ensure timely settlements, address processing issues, perform regulatory controls, prepare reports, and assess risks while adhering to compliance standards.

Requirements

  • Relevant experience preferred
  • Fundamental understanding of Treasury products, accounting and regulatory policies
  • Proven ability to perform various concurrent activities/projects in a high-risk environment
  • Demonstrated knowledge of macros
  • Consistently demonstrates clear and concise written and verbal communication skills
  • Bachelor’s Degree/University degree or equivalent experience in Business, Accounting or Finance

Responsibilities

  • Perform trade verifications to ensure accuracy of booking requests
  • Trade matching and confirmations to Clearing Corporations within market cut-off.
  • Complete settlement tasks on time.
  • Coordinate transaction processing issues to the appropriate department and collaborate on a solution
  • Perform regulatory controls, account reconciliations, and record retention activities in accordance with established policies
  • Prepare and submit periodic internal and external regulatory reports
  • Participate in the periodic General Ledger (GL) proofing exercises as directed
  • 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 primary responsibility of a Securities Settlements Officer?

The primary responsibility is to assist in the clearance, settlement, and investigation of client securities and derivatives transactions.

What qualifications are preferred for this position?

Relevant experience is preferred, along with a fundamental understanding of Treasury products, accounting, and regulatory policies.

Is prior experience in finance necessary for this role?

While relevant experience is preferred, it is not explicitly required; however, a Bachelor's Degree in Business, Accounting or Finance is necessary.

What skills are essential for the Securities Settlements Officer role?

Essential skills include clear verbal and written communication, the ability to handle multiple projects concurrently, and demonstrated knowledge of macros.

What kind of work environment can be expected in this role?

The role involves activities in a high-risk environment, requiring attention to detail and compliance with various regulations and policies.

Are there opportunities for advancement within this job family?

Yes, there are opportunities for advancement within the Operations - Transaction Services job family.

What protocols are in place to ensure compliance with laws and regulations?

The officer is expected to appropriately assess risk, driving compliance with applicable laws, rules, and regulations, and reporting control issues with transparency.

Will I need to submit reports as part of this role?

Yes, you will be required to prepare and submit periodic internal and external regulatory reports.

What is the work schedule for this position?

This is a full-time role, and specific work hours will be determined by departmental needs.

Does Citi offer equal employment opportunities?

Yes, Citi is an equal opportunity and affirmative action employer, considering applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

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.

Benefits

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  • Paid parental leave

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  • Save well, for now and your future

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  • Keep learning

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  • Be well, take time off

    We have a variety of programs that help employees balance their work and life, including generous paid time off packages.

  • Support Your Community

    We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.