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Securities and Derivatives Sr. Supervisor
3 days ago
The Sec & Derivatives Sr. Supv is an intermediate management level position responsible for providing full leadership and direction to a team of employees in an effort to process orders and transactions originating from trading desks and branch offices in coordination with the Operations - Transaction Services team. The overall objective of this role is to ensure the seamless delivery of securities and derivatives transactions.
**Responsibilities**:
- Authorize FX/MM/FI deals and Perform checks as directed in the procedures.
- Authorize month end accounting entries.
- Post financial data entries in the systems for all branches.
- Notify and follow-up with Treasury/counterparties “as applicable” for deals without disposal instructions.
- Prepare and check manual confirmation for products handled by the department, when required.
- Prepare and check cash flow report for late deals and handle cash flow enquiries.
- Check daily processing of FX spot, forward, NDFX and swap transactions.
- Have thorough knowledge of FX automated system and automated funds transfer to take timely and accurate action when encountered with funds transfer problems.
- Be well conversant with departmental procedures regarding roll-over at historical rates, clean risk, MIS and late deals, offsetting transactions with MM/branch, composite transactions, off-premises deals etc.
- Check annual payment orders, advice telexes, receive telexes and accounting entries for customer, Branch and BD deals.
- Notify and follow-up with Treasury for deals without disposal instructions.
- Review Pay/Receive, Telex Reconciliation and Maturity Reports.
- Handle queries and ICU reported exceptions for quick resolution adhering to “concern for customers” requirements.
- Supervise processing and customer service for Treasury, GCG, FI and initiating units
- Consistently maintain acceptable operations quality to ensure no operating losses.
- Ensure quick and timely resolution of customer (internal and external) enquiries with respect to all products concluded by the traders.
- Supervise all exception items in NOSTRO accounts highlighted by ICU, ensure that they are promptly investigated and that timely follow-ups are done with the default parties.
- Ensure strict compliance with processing, legal, regulatory policies, bank policies, procedures, accounting and reporting requirements.
- Ensuring that all Money Market, IRS, Exchange traded (Futures), Securities and Options etc. transactions which are concluded by traders are booked/registered in the bank’s General Ledger on a timely and accurate manner.
- Report unconfirmed trades to Markets, Country SCOO, RMs and Markets Operations Head.
- Ensure all the outgoing payments for the above mentioned transactions are generated by the System or prepared manually and sent to the counterparties on transaction date.
- Confirmations of the above mentioned transactions (except Futures) are generated by the System or prepared manually and sent to the counterparties on transaction date.
- Maintain acceptable MCA and IA ratings.
- Supervise monthly/quarterly proof of GL accounts for manual products and ensure accuracy of automated ones.
- Supervise all Funds Transfers executed for the corporate clients.
- Ensure smooth and accurate MIS process.
- Ensure all the outgoing payments to the counterparties are executed as per their current Standing Settlement Instructions.
- Participate in staff training and ensure proper backup for each function in the department.
- Ensure that Flexcube/ eDealer/Oasys/ Fox...etc are well understood and full functionalities of these systems are utilized to ensure maximum productivity gain.
- Manage staff under supervision efficiently.
- Assist the other supervisors in the department to ensure/create positive team spirit in the department and to create enough backups for the supervisors.
- Assist the Unit Head in overall supervision of the department activities and staff related functions.
- Ensure that all required department reporting is done accurately and timely
**Qualifications**:
- 10+ years experience in Treasury Operations
- Consistently demonstrates clear and concise written and verbal communication skills
**Education**:
- Bachelor’s Degree / MBA
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
- **Job Family Group**:
Operations - Transaction Services
- **Job Family**:
Securities and Derivatives Processing
- **Time Type**:
Full timeCiti is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
View the "**EEO is the Law**" poster. View the **EEO is the Law Supplement**.
View the **EEO Policy Statement**.
View the **Pay Transparency Posting
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