Bank Network Management (BNM) is part of the SMB&IC Operations & Technology (O&T) Division. BNM provides best in class banking services to our business partners and clients, while strengthening regulatory compliance, governance, and control over Citi owned bank accounts. BNM global functions include: Relationship Management, Regulatory, Bank Expense Optimization, Bank Signatory Management (BSM), Third Party Risk and In Business Risk & Control.

The Relationship function is responsible for managing relationships with agent banks to provide transparency, governance, and control over real world bank accounts which Citi businesses hold globally, both with affiliates and 3rd party banks. The Senior Network Manager (SNM) position covering the Agent Bank Relationships for the EMEA markets on behalf of Citi Markets businesses.

Responsibilities:

Manage Banks and Custodian Bank Relationships across the EMEA region on behalf of the Citi Markets businesses. This will include:

• Establishment of the bank/custody account infrastructure required to support various Markets businesses in the EMEA 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
• Close coordination with many areas of the Firm is required (Trading Desks, Securities Operations, Treasury Operations, Legal, Tax & Compliance) and the candidate will have significant external contact with Banks, Industry Organizations and Internal Regulators
• 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 EMEA 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

Ideal background:

• 10-15 years of experience in the international securities industry (in Network Management, Securities/Custody Operations, Custody/Clearance Sales or Relationship Management)
• Bachelor’s/University degree
• A good working knowledge of the securities settlement process & custody operations, cash management/services, foreign exchange, payments and derivatives (including futures) is required
• Experience with managing bank relationships, fee negotiation, account opening, documentation & the corresponding regulatory considerations is a must
• A working knowledge of SWIFT (admin, system, & industry initiatives) is a plus
• 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 in English
• Experience with facilitating large change initiatives
• Experience working within a large global matrix organization structure
• Proven relationship skills at a senior level
• Excellent analytical, communication and presentation skills along with time management expertise and the ability to manage many projects concurrently

What we can offer you:

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• Cafeteria Program
• Home Office Allowance (for colleagues working in hybrid work models)
• Paid Parental Leave Program (maternity and paternity leave)
• Private Medical Care Program and onsite medical rooms at our offices
• Pension Plan Contribution to voluntary pension fund
• Group Life Insurance
• Employee Assistance Program
• Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
• Flexible work arrangements to support you in managing work - life balance
• Career progression opportunities across geographies and business lines
• Socially active employee communities with diverse networking opportunities

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities!

#LI-JT1

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Job Family Group:

Operations - Core

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Job Family:

Operations Support

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Time Type:

Full time

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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