Citibank

Prime Finance Middle Office – Stock Borrow Loan (PFMO SBL) Assistant Vice President (AVP)

Citibank
Full Time
Junior (less than 3 years)
Bachelor
English

Job Description

Prime Finance Middle Office – Stock Borrow Loan (PFMO SBL) Assistant Vice President (AVP)

Location: APAC-HKG-Hong Kong-Hong Kong

This role work close with front office and will be working in a dynamic and busy environment. You will assist traders cover institutional counterparties and monitor daily exposure. You may support all aspects of the trading desk.

  • Single point of contact for up to 20 clients on a daily basis, running daily exposure reports and providing cash, non-cash (equities and bonds) or tri-party collateral cover
  • Monitor settlements closely so able to project collateral requirements and substitute collateral as requested
  • Monitor and review borrow returns requests to clients
  • Update client profile, stock and cash payment instructions maintenance whenever is necessary
  • Monitor settlement exception flow to ensure updates are provided to traders
  • Regular communication with clients and trading desk, with focus on client service, covering all general SBL issues
  • Review cash/portfolio/collateral reconciliations and resolve discrepancies as appropriate, including pricing
  • Enhance our client experience by identifying process improvements to increase the automation of daily processes
  • Perform daily post reconciliation via Porum/Equilend, to preventing exposure and billing differences

Daily Control Duties:

  • Complete end-of-day checks against a daily exposure reports in line with our audit requirements
  • Perform checks against new client accounts to ensure activation is within 48 hours
  • Monitor collateral and substitutions prior to any corporate action record dates to ensure no financial loss to Citi
  • Documentation and publication of MIS where required
  • Cash approvals for checker purposes, account set up checks and end-of-day exposure checks

Job Skills:

  • Understanding of lifecycle of trade processing for Equity and Fixed Income products including trade capture, PnL, settlement and reconciliations for the stock borrow/loan product area
  • Understanding of the portfolio valuations and related collateral movements to manage exposure
  • Experience of building positive working relationships and working with team members to understand the root cause of an issue
  • Work experience in the financial services industry is a benefit

Qualifications

  • Degree qualification or equivalent, with Financial Services focus
  • Candidates who do not meet these criteria may be considered if equivalent aptitude can be demonstrated through professional experience
  • Valuing diversity: demonstrates an appreciation of a diverse workforce; appreciates differences in style or perspective and uses differences to add value to decisions or actions and organizational success

Technical Skills

  • Accountancy
  • Audit
  • Bill Payment
  • Bonds
  • Corporate Actions
  • Equities
  • Fixed Income
  • Process Improvement
  • Reconciliations
  • Settlements
  • Trade Capture and Booking
  • Valuation