The Fiduciary Monitoring Officer is an exciting role that is suitable for those with prior depositary and/or NAV experience. The successful candidate will be part of the wider Depositary team within Citi and will deliver a best in class service to all clients. Reporting directly to the Head of Fiduciary Monitoring Unit, this dynamic role encompasses all aspects of the Depositary offering and provides great exposure to market leaders in the Fund Industry in Ireland and throughout Europe. If successful, you will be expected to;
- Provide best in class service to an important client base.
- Demonstrate a strong understanding of applicable regulations (UCITS/AIFMD/SFDR) and apply this knowledge to your daily tasks.
- Have the ability to understand complex investment and borrowing breaches (particularly UCITS) and discuss such issues with clients.
- Deal with most problems independently with latitude to solve complex problems.
- Integrate in-depth specialty area knowledge with a solid understanding of industry standards and practices.
- Have a good understanding of how the team and area integrate with others in accomplishing the objectives of the Depositary.
- Apply analytical thinking and knowledge of data analysis tools and methodologies.
- Have strong attention to detail when making judgments and recommendations based on the analysis of factual information.
- Typically deal with variable issues with potentially broader business impact and be able to recognise such issues.
- Apply professional judgment when interpreting data and results.
- Break down information in a systematic and communicable manner.
- Have strong communication and diplomacy skills in order to exchange potentially complex/sensitive information.
- Have a direct impact on the function of the business through close contact with the businesses' core activities.
- Quality and timeliness of service provided will affect the effectiveness of own team and other closely related teams.
Responsibilities:
- Completion of investment and borrowing checks (manual and automated), cash flow monitoring, asset register and asset title verification checks.
- Tracking all issues on relevant logs and communication of issues to clients.
- Completion of monthly/quarterly client/board reporting.
- Completion and reporting of automated/manual investment breaches, price errors, trading errors, transfer agency errors.
- Assist with the timely and accurate set-up of new funds from the standpoint of investment monitoring, NAV review, cash flow monitoring and asset register.
- Build regulatory knowledge, keeping abreast of all updates to UCITS/AIFMD regulations affecting funds.
- Participation with other Trustee jurisdictions on projects associated with regulatory change (eg UCITS, AIFMD and SFDR) and process enhancement and standardisation.
- Assist in effective oversight of Trustee Operations COE Warsaw.
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets, by driving compliance with applicable laws, rules, and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications:
- Experience in financial services, preferably in Depositary, Fund Accounting, Audit, Compliance, Regulatory, Risk, Control function.
- Good technical knowledge of financial instruments and interest in developing an understanding of regulations.
- Experience with Mig21 and Charles River, or similar investment compliance tool, is a bonus.
Education:
- Bachelor’s/University degree or equivalent experience.
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group:
Product Management and Development
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Job Family:
Fiduciary Services
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Time Type:
Full time
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Citi 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.
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