APAC Rates Trading Middle Office Analyst

Citi; New York (NY); On-site; USD 55,000 - 71,000; Full time

Job summary

Citi is seeking an APAC Rates Trading Middle Office Analyst (Hybrid) based in Singapore. The role involves processing orders from trading desks, settlement investigations, and risk controls within the Operations - Transaction Services team.

The candidate will support trade flow, perform reconciliations, identify settlement issues, and design reports, while maintaining strong controls and compliance with Citi policies.

Qualifications

• Minimum 1 year of relevant experience in Rates Trade Support/Operations/Middle Office in financial services.
• Solid understanding of relevant derivatives (IRS, Basis Swaps, Cross Currency swaps, FRA, OIS, Bonds).
• Knowledge of front-to-back operations (confirmations, settlements, regulatory reporting) and issue resolution across teams.

Responsibilities

• Support Rates Trading desk to resolve trade flow exceptions and lifecycle events.
• Perform trade and position reconciliation to ensure completeness of trade capture in the risk system.
• Identify and resolve settlement issues and suggest process improvements to leadership.
• Ensure controls are performed, completed, and signed off in a timely manner.
• Monitor and suggest solutions to errors to minimize risk, with intermediate procedural knowledge.
• Escalate processing issues and collaborate on a solution.
• Design and analyze moderately complex reports with leadership guidance.
• Assist with control activities and launch of new products and services.
• Assess risk in business decisions and escalate control issues with transparency.

Skills

Rates trading knowledge

Trade support

Middle office experience

Communication skills

Team player

Education

Bachelor's degree in Finance/Business

Tools

Markitwire

TriOptima

LCH Portal

Quantile

Job description

APAC Rates Trading Middle Office Analyst

Location(s): Singapore, Singapore, Singapore

Job Type: On-Site/Resident

Full time

Working at Citi is far more than just a job. A career with us means joining a team of approximately 219,000 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

At Citi, we get to connect millions of people across hundreds of cities and countries every day. And we've been doing it for more than 200 years. We do this through our unparalleled global network. We provide a broad range of financial services and products to our clients – whether they be consumers, corporations, governments or institutions – to help them meet their biggest opportunities and face the world's toughest challenges.

Shape your Career with Citi

Citi’s Markets business provides world-class solutions and an unmatched global presence. We serve corporates, institutional investors and governments from trading floors in almost 80 countries. The strength of our underwriting, sales and trading and distribution capabilities span asset classes and currencies, providing us with an unmatched ability to meet the needs of our clients.

We’re currently looking for a high caliber professional to join our team as Officer, APAC Rates Trading Middle Office Analyst - Hybrid (Internal Job Title: Securities and Derivatives Processing- C10) based in Changi Business Park, Singapore. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:

• Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
• (Optional) We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
• Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
• We have a variety of programs that help employees balance their work and life.

In this role, you’re expected to:

The Securities & Derivatives Analyst is an intermediate level position responsible for processing 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 facilitate the clearance, settlement and investigation of client securities and derivatives transactions

• Support Rates Trading desk to resolve trade flow exceptions and trade life cycle event processing
• Perform trade and position reconciliation to ensure completeness of trade capture in the Risk management system
• Identify and resolve securities and derivative settlement issues, and make process improvement recommendations to leadership
• Ensure all controls are diligently performed, completed, and signed off on a timely basis
• Monitor and suggest solutions to errors to minimize risk to the bank, through an intermediate knowledge of procedural requirements
• Escalate transaction processing issues to the appropriate department and collaborate on a solution
• Design and analyze moderately complex reports, in coordination with standards set by direct leadership
• Assist with control activities, and the launch of new products and services
• 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 behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

As a successful candidate, you’d ideally have the following skills and exposure:

Qualifications

• Minimum 1 year of relevant experience in either Rates Trade Support/ Operations / Middle Office within the Financial Services Industry is required
• Good understanding in relevant derivatives (Interest Rate Swaps, Basis Swaps, Cross Currency swaps, Forward Rate Agreement (FRA), Overnight Index Swaps (OIS), Bonds
• Knowledge of the front to back Operations process (including the key elements such as confirmations, settlements, and regulatory reporting) and facilitate issue resolution across teams.
• Great team player and able to work in a pressurized and changing environment
• Ability to work in a fast-paced environment
• Excellent verbal and written communication skills and the ability to interact professionally with a diverse group including senior executives, managers and subject matter experts
• Attention to detail and with can do attitude
• Knowing industry Rates derivative trade matching, clearing and compression system such as Markitwire, Trioptima, Quantile, LCH portal etc.
• Bachelor’s Degree/University degree or equivalent experience in Business, Accounting, or Finance

Working at Citi is far more than just a job. A career with us means joining a family 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.

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review, Accessibility at Citi. View Citi’s EEO Policy Statement and the Know Your Rights poster.