Citi Senior Network Manager in Singapore, Singapore
Primary Location: Singapore,Singapore,Singapore
Education: Bachelor's Degree
Job Function: Procurement
Shift: Day Job
Employee Status: Regular
Travel Time: Yes, 10 % of the Time
Job ID: 17049294
Qualification / Skills:
Graduate of Business, Accounting or related courses
Minimum of 5 years experience in audit, operational risk, internal control, risk management, compliance and related functions, preferably in Banking or Shared Services / Business Process Outsourcing
Strong analytical and problem solving skills
Experience in project management
Innovative. Well versed in developing new ideas and improving current processes
Effective oral and written communication skills. Should be able to potentially present compliance related topics to large groups including internal senior business management, auditors, customers and other related parties
Well organized, detail oriented, efficient and able to work independently and think critically
Ability to work with all levels of management and staff and in a matrix environment
Good interpersonal skills. Must be able to establish and maintain a rapport with customers, auditors, and senior managers
Good understanding of operational risks and controls, and audit procedures and the ability to independently conduct compliance reviews of products and process
Ability to critically review policies and procedures to ensure that they fully comply with all pertinent policies and regulations and do not result in significant compliance related risk
Must be able to review the processes in the broad context of the overall business, including an evaluation of risk/reward tradeoffs, and the ability to anticipate issues not yet of obvious direct impact
Senior Network Management position covering the Agent Bank Relationships for the APAC markets on behalf of Citi ICG businesses including Capital Markets, TTS and FX.
Manage Banks and Custodian Bank Relationships across the APAC region on behalf of the Citi Institutional Client Group (ICG).
This will include:
Establishment of the bank/custody account infrastructure required to support various ICG businesses in the APAC markets.
Conduct RfP’s to identify and assess ability of bank / custodian to support activity in scope
Consult businesses and other interested parties (operations, legal, tax, regulatory, etc) on market practices and capabilities; assist on establishing new products; report regulatory/market changes to interested parties, and the potential impact to their businesses.
Negotiate fees and manage service levels to ensure best pricing and service for the Firm
Negotiation of and completion of documentation (SLAs, BCP and Legal Agreements) required for the establishment of relationships and the opening of accounts, and ongoing maintenance and management of that documentation.
Conduct formal Due Diligence on the agent banks in accordance with relevant regulatory requirements
Ensure Accounts are maintained in accordance with relevant regulatory requirements
Act as a senior escalation point within Citi and the APAC team with respect to Agent Management.
Manage or actively participate in various projects involving the Network Management team, either at the market, regional, or global level.
The position will entail close coordination with many areas of the Firm (Trading & Sales Desks, Securities Operations, Treasury Operations, Legal, Tax, Regulatory, Compliance, etc.) and the candidate will have significant external contact with Banks, Industry Organizations and Internal Regulators. Travel up to 25% of the time is possible
An opportunity to learn about all ICG products and services (including Equities, Fixed Income, Prime Finance, Forex, Rates, Receivables, etc.)
Exposure to senior resources throughout the Citi organization, including the businesses, Operations, Regulatory, Tax, Legal, Treasury, Control, and Risk
Negotiation experience: focusing on better leveraging Citi’s global network in order to maximize revenues, minimize expenses, and rationalize risk.
Development of an in-depth awareness of the Global Regulatory environment
Development of in-depth knowledge of the APAC markets, and how Citi operates in them
Being part of a dynamic, Global Team in a constantly developing environment
Knowledge / Experience:
Experienced Network Manager for an international broker dealer or global custodian
Experience managing bank relationships, fee negotiation, account opening, documentation & the corresponding regulatory considerations
Understanding of the APAC markets
Understanding of cash and securities settlement processes
Project Management experience a plus
A working knowledge of SWIFT (admin, system, & industry initiatives) is a plus
The ideal candidate must have a BA / BS plus 10 years of experience as a Network Manager (or equivalent experience) for an international broker dealer or global custodian
Advanced degree and language skills are a plus
Intellectual curiosity & agility, strong work ethic
Highly motivated, able to work independently, self-starter, able to prioritize
Experience within large scale, cross-business projects
Project management skills and ability to multi-task
Strong oral and written communication skills
Experience with facilitating large change initiatives
Experience working within a large global matrix organization structure
Excellent written and verbal communication skills
Advanced Microsoft Office skills (Excel, PowerPoint, etc.)
Proven relationship skills at a senior level
Strong analytical, communication and presentation skills along with time management expertise and the ability to manage many projects concurrently
Excellent organizational skills; able to manage workload
Ability to work with multiple groups across multiple time zones / locations
Ability to understand legal documentation, and interpret nuances
Ability to identify risk, and build processes to mitigate
Good interpersonal skills and a professional demeanor