The Fund Accounting Corporate Actions team (FA COAC) is responsible for the reconciliation of Corporate Actions events between Fund Accounting and Custody, with usage of range of independent external data vendors (Bloomberg, Telekurs);
The team’s tasks are a part of preparation and delivery of the funds’ asset valuation (Net Asset Value) to the Citi institutional clients.
To do this the team actively cooperates with other teams within Citi from different geographic locations to provide one standard service to the client.
Responsibilities:
- Acting as an example to other team members, creating an ethical and motivated team environment;
- Adhere to all departmental procedures and controls;
- Assist in the on-boarding of new clients or client accounts;
- Assist with team/departmental projects;
- Participate in User Acceptance Testing on enhancements to systems, regression testing and contingency testing;
- Ensure all client queries are responded to within 24hrs of receipt;
- Ensure all checklists are completed on time;
- Ensure the timely resolution of all stock and cash exceptions following reconciliation;
- Escalate processing errors and potential risks to line manager upon discovery;
- Identify and report of any gaps and risks in a process followed by assisting in preparation and implementation of solutions eliminating these gaps;
- Identify areas of risk and implementing further controls where necessary;
- Identify ineffective areas within Business As Usual process and initiate changes for them – proposing improvement solutions;
- Participate in team huddles;
- Participate in client/internal business calls;
- Participate in preparations for internal and external audits;
- Perform control functions in a process, verify transactions booked into accounting system and preparation of accounting summaries/reports;
- Proactively provide support to other Processors on the team and across the department;
- Provide training for team members;
- Regular review and update of procedures for the team;
- The accurate and timely processing of all corporate actions events in the accounting system;
- Where relevant provide detail of exceptions and resolution date to Team Leader;
- Where required perform other tasks assigned by the management/senior team members.
Qualifications:
- Bachelor's degree preferred
- 1+ Years Related Experience
- Individuals at this level exhibit basic executional capabilities and are beginning to take on more responsibility
- Knowledge of basic types of investment instruments including: Equity securities, and Fixed Income
- Proficient in MS Office (Excel, Word, Access- is desired)
- Proven success as a team player
Education:
- Bachelor’s/University degree or equivalent experience
We offer:
- Competitive salary; annual salary review; annual performance bonus
- A challenging work environment where you can collaborate with global teams to contribute to critical banking applications
- A great environment for learning new technology and tools, online and instructor led training opportunities
- Opportunity to work remotely
- Social benefits (e.g. private healthcare care, Benefit System, life insurance)
- Working in a friendly, dynamic and multinational environment
- Opportunity to have an influence on the way you perform your tasks - our teams are constantly looking for new and better ways and we encourage all improvement ideas
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