Intraday Limit Monitoring Associate provides support for Risk and Business areas for intraday clearing related matters, supporting a portfolio of products or relationships. Monitors credit queues, follows established procedures to ensure compliance with credit requirements. This is an entry-level position, requiring direct supervision.
Intraday Limit Monitoring Team is part of Citi Solution Centre and provides service to other countries, mostly in Western Europe, but not exclusively. Daily process relates to monitoring the accounts opened in other Citi Branches to identify excess over approved credit limits or payments ordered without limit or balance. The team is cooperating with Relationship Managers and Risk to escalate exceptions and obtain appropriate approval to release the payment. Team is working basing on the market wide practices and cut-offs for range of currencies and securities.
Responsibilities:
• Monitoring of excesses at daylight clearing and settlement lines.
• Requesting credit approvals in order to process instructed transactions.
• Dealing with approval requests based on Credit Policy and processing transactions within time frame.
• Ensure compliance with credit policy and internal procedures.
• Process Data Quality reviews.
• Close cooperation with CRMS CRA team for technical override approvals for cash and securities transactions.
• Archiving of documents.
• Interpret existing and new credit policies. Apply in day to day process.
• Manage processes and procedures to ensure effectiveness. Maintain, as required, up-to-date process manuals, and ensure that documented processes are adhered to.
• Handle dynamic and complex transactions easily.
• Managing and support a substantial and complex projects, obligors, countries or portfolios.
Qualifications:
- 2-5 years previous experience.
- Ability to influence key decision makers.
- Ability to collaborate across multiple business lines and levels of management.
- Consistently demonstrates clear and concise written and verbal communication skills
- Self-motivated and detail oriented
Education:
- Bachelor’s/University degree or equivalent experience