Transaction Expense Efficiency Analyst - Citi
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Added before 5 Days
- Northern Ireland,Belfast
- Full Time, Permanent
- Competitive salary
Job Description:
Discover your future at Citi
Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.
Job Overview
Transaction Expense Efficiency Analyst
Are you looking for a career move that will put you at the heart of a global financial institution?
By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
Team/ Role overview
The Business Expense Transparency group is a global function with the mandate of optimizing transaction expenses and implementing best in class expense management practices.
The team has a strong presence in NAM, EMEA and APAC and looks at all areas of the expense base including supply management, demand management, expense reporting, analysis and control, expense
systems developments and data transparency.
What you’ll do
The team consists of three main disciplines:
*Category Management & Expense Efficiency - Focused on identifying savings initiatives and leading/driving these forward.
*Trade Expense Analytics - Responsible for producing Trading expense analytics to facilitate transparency & ultimately reduce expenses.
*Financial Reporting & Operations - Accounting, control and payments processing of Brokerage, Clearing & Exchange Fees
The main challenge of the role is to effectively gather the information necessary to develop P/L, cash impact reports, and ensure expenses are accurately aligned to the firm’s financial accounts. The candidate
must be flexible enough to work under direct supervision; in addition to demonstrating individual initiative.
The candidate will work across multiple groups across regions and communicate with individuals within the
front office, operations, and technology, finance and 3rd party providers
Expense Efficiency:: *Work directly with business stakeholders to identify and execute cost reduction and usage optimization strategies around Brokerage, Clearing and Exchange fee expense lines
*Develop trade analysis, metrics and reporting to enhance transparency into product and instrument level usage and expense trends
*Support control processes to ensure expenses are accurately validated and reflect business economics and adhere to standardised controls (payments, reconciliations, expense allocations).
*Liaise with Finance and Operations teams across regions to ensure expenses are accurate bybusiness and region
*Support processes to ensure BCE expenses are in line with the firm’s trading activity (General Ledger investigations, monthly accruals, prepayments and reconciliations)
*Participate and take lead in expense review meetings with Trading Desks, Business CAOs and Finance colleagues to discuss actual expense results against plan and historic trends
Expense Reviews & Projects: *Preparing monthly reports analysing BC&E expenses by Division, Region and Expense line
*Participate and take lead in expense review meetings with Trading Desks, Business CAOs and Finance colleagues to discuss actual expense results against plan and historic trends
*Revamp existing allocation and accrual processes in partnership with Operations, Business CAO’s and Trade Level Analytics team
*Participate in projects to develop enhanced accrual accuracy as well as invoice reconciliation processes via integration of trade analytics system (VarCiti) into month end activities and reporting
Governance *Support the overall BC&E control process, working closely with the CoE, reviewing monthly accruals, payments made to the financial accounts and expense line variance
*Support operating and administrative functions at the COE site in Chennai (including but not limited to BCE invoice approvals, new BCE vendor approvals)
*Participate in the development and integration of BC&E systems via AI and automation
*In depth exposure to capital markets and investment banking activities including products traded, life cycles of trades and key market participants for various products
*Opportunity to develop multi-product knowledge across all asset classes and businesses
*Exposure to all areas of Front Office, including traders, trading managers, Business Unit Managers and CAOs
What we’ll need from you *Strong experience of preparing management reports for a diverse group of users including business managers and senior management.
*Understanding of Investment and consumer banking products traded including Fixed Income, Currencies, Commodities and Equities preferred.
*Strong Financial Accounting background with experience in creating and processing timely accruals. Fully Qualified Accountant (ACA, ACCA, CIMA) preferred.
*Strong experience with general ledger reconciliations whilst developing and implementing robust accounting control processes.
*Proven experience of carrying out reconciliations, investigation & resolution of issues or variances.
*Proven track record of identifying & implementing process improvements.
*Strong financial analytic skills - accounting concepts and prior working knowledge of reporting and general ledger systems.
*Strong communication skills necessary to communicate processes in an effective manner.
*PC skills essential, including advanced MS Excel and Powerpoint.
*Ability to understand complex data and condense into key themes / summarise for intended audience.
*Ability to self-initiate, persevere and multitask across concurrent projects.
*Bachelor’s degree or equivalent, preferably in Finance or Accounting.
*Confident under pressure with a strong desire to succeed.
*Ability to multi-task, meet tight deadlines.
What we can offer you
We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.
By joining Citi Belfast, 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 base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as: *Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenureA discretional annual performance related bo
Working at Citi is far more than just a job. A career with us means joining a team of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.
Job Overview
Transaction Expense Efficiency Analyst
Are you looking for a career move that will put you at the heart of a global financial institution?
By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
Team/ Role overview
The Business Expense Transparency group is a global function with the mandate of optimizing transaction expenses and implementing best in class expense management practices.
The team has a strong presence in NAM, EMEA and APAC and looks at all areas of the expense base including supply management, demand management, expense reporting, analysis and control, expense
systems developments and data transparency.
What you’ll do
The team consists of three main disciplines:
*Category Management & Expense Efficiency - Focused on identifying savings initiatives and leading/driving these forward.
*Trade Expense Analytics - Responsible for producing Trading expense analytics to facilitate transparency & ultimately reduce expenses.
*Financial Reporting & Operations - Accounting, control and payments processing of Brokerage, Clearing & Exchange Fees
The main challenge of the role is to effectively gather the information necessary to develop P/L, cash impact reports, and ensure expenses are accurately aligned to the firm’s financial accounts. The candidate
must be flexible enough to work under direct supervision; in addition to demonstrating individual initiative.
The candidate will work across multiple groups across regions and communicate with individuals within the
front office, operations, and technology, finance and 3rd party providers
Expense Efficiency:: *Work directly with business stakeholders to identify and execute cost reduction and usage optimization strategies around Brokerage, Clearing and Exchange fee expense lines
*Develop trade analysis, metrics and reporting to enhance transparency into product and instrument level usage and expense trends
*Support control processes to ensure expenses are accurately validated and reflect business economics and adhere to standardised controls (payments, reconciliations, expense allocations).
*Liaise with Finance and Operations teams across regions to ensure expenses are accurate bybusiness and region
*Support processes to ensure BCE expenses are in line with the firm’s trading activity (General Ledger investigations, monthly accruals, prepayments and reconciliations)
*Participate and take lead in expense review meetings with Trading Desks, Business CAOs and Finance colleagues to discuss actual expense results against plan and historic trends
Expense Reviews & Projects: *Preparing monthly reports analysing BC&E expenses by Division, Region and Expense line
*Participate and take lead in expense review meetings with Trading Desks, Business CAOs and Finance colleagues to discuss actual expense results against plan and historic trends
*Revamp existing allocation and accrual processes in partnership with Operations, Business CAO’s and Trade Level Analytics team
*Participate in projects to develop enhanced accrual accuracy as well as invoice reconciliation processes via integration of trade analytics system (VarCiti) into month end activities and reporting
Governance *Support the overall BC&E control process, working closely with the CoE, reviewing monthly accruals, payments made to the financial accounts and expense line variance
*Support operating and administrative functions at the COE site in Chennai (including but not limited to BCE invoice approvals, new BCE vendor approvals)
*Participate in the development and integration of BC&E systems via AI and automation
*In depth exposure to capital markets and investment banking activities including products traded, life cycles of trades and key market participants for various products
*Opportunity to develop multi-product knowledge across all asset classes and businesses
*Exposure to all areas of Front Office, including traders, trading managers, Business Unit Managers and CAOs
What we’ll need from you *Strong experience of preparing management reports for a diverse group of users including business managers and senior management.
*Understanding of Investment and consumer banking products traded including Fixed Income, Currencies, Commodities and Equities preferred.
*Strong Financial Accounting background with experience in creating and processing timely accruals. Fully Qualified Accountant (ACA, ACCA, CIMA) preferred.
*Strong experience with general ledger reconciliations whilst developing and implementing robust accounting control processes.
*Proven experience of carrying out reconciliations, investigation & resolution of issues or variances.
*Proven track record of identifying & implementing process improvements.
*Strong financial analytic skills - accounting concepts and prior working knowledge of reporting and general ledger systems.
*Strong communication skills necessary to communicate processes in an effective manner.
*PC skills essential, including advanced MS Excel and Powerpoint.
*Ability to understand complex data and condense into key themes / summarise for intended audience.
*Ability to self-initiate, persevere and multitask across concurrent projects.
*Bachelor’s degree or equivalent, preferably in Finance or Accounting.
*Confident under pressure with a strong desire to succeed.
*Ability to multi-task, meet tight deadlines.
What we can offer you
We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.
By joining Citi Belfast, 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 base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as: *Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenureA discretional annual performance related bo
Job number 3712310
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