Fiduciary Monitoring Officer

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in teamwork and Trustee/Depositary knowwldege to Citi's Depositary Services Unit.

Shape your career with Citi in Dublin. 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.

Citi has had a presence in Ireland since 1965, it was one of the first foreign banks to open an office in the country and is the Citibank Europe Plc Headquarters.

Role/Team overview

TherolewillreporttotheHeadoftheFiduciaryMonitoringUnitwithinCitiDepositaryServicesIreland DAC. Citi provides Trustee and Depositary related Fiduciary Services to regulated and unregulated investment funds and is a part of the Global Funds Services business.

• Work as part of the Fiduciary Monitoring Unit team acting as a primary contact in the delivery of an excellent Depositary service to our clients daily.
• The oversight of Fund Administrators, Managers and Transfer Agents to ensure that funds to which CEP UK are the appointed Depositary are managed in accordance with regulatory requirements.
• Work with Citibank Europe plc Poland (CEPP) Trustee operations acting as service provider for the NAV review process, investment restriction monitoring, daily banking and other processes in accordance with the ICSA and approved procedures.
• To ensure Citi’s fiduciary duties are appropriately discharged and the liability for funds domiciled in Ireland is understood and contained.
• To ensure a consistent EMEA service and product offering is delivered and where required developed for existing and potential fund clients.
• The position exists to protect interests of investors in funds and to ensure Citigroup's franchise and reputation is safeguarded with the appropriate regulatory bodies, mutual funds market and client base.

Key Responsibilities:

Fiduciary Oversight

• Execution of investment and borrowing monitoring checks for designated funds, monitoring all relevant aspects of investment management activity, including securities lending, OTC / exchange traded derivatives and third party held assets, to ensure adherence to regulatory requirements.
• Completion of the cash flow monitoring and tracking of all issues including communication of these to clients.
• Assist with the timely and accurate set-up of new funds from the standpoint of investment monitoring, NAV review, cashflow monitoring and asset register.
• Assist in effective oversight of Trustee Operations COE Warsaw.
• Interaction with clients in respect of breaches and price errors.
• Manage the flow of data received by/from internal support teams to ensure that relevant and timely information is provided to clients and their associated service providers. Work with internal support teams and external parties to resolve any outstanding client issues.
• Work with relevant parties to ensure in-specie transactions are executed in a timely and accurate manner.

Client Management

• Work within a team of Fiduciary specialists whose core objective is to provide an excellent Trustee & Depositary service to customers on a day-to-day basis.
• Attend client fiduciary meetings
• Completion of periodic client & board reporting.

Projects

• Participation with other Fiduciary jurisdictions on projects associated with regulatory change management and process enhancement & standardisation.
• Buildregulatoryknowledge,keepingabreastofallupdatestoUCITS/AIFMDandothersuch regulations affecting the funds industry.

Requirements:

• Relevant Fiduciary/Trustee/Depositaryorother investment complianceorfinancialservicesrelatedexperience
• Experience working with exceptions-based monitoring systems in Trustee/Depositary, custody,fundaccountingorreconciliationsystemswouldbeanadvantagee.g.CRIMS.
• Good knowledge of Trustee / Depositary standards and regulatory
• Technicalknowledgeoffinancialinstrumentsandinvestmentstrategies.
• KnowledgeofUCITS&AIFMDinvestmentrestrictionswouldbeanadvantage.
• Teamwork,innovation/creativity,adaptability&flexibility,positiveapproachtonew ideas and concepts.
• SomeexperienceinteractingwithMSExceltools(includingVBAandSQL)wouldbe highly desirable

What we can offer you

This broad role will provide the prospective candidate with an excellent opportunity to work at the heart of one of the most significant and fastest growing businesses within Security Services. It provides an opportunity to develop fiduciary oversight exposure to all aspects of funds from an investment manager, fund administrator, transfer agent, middle office and global custodian perspective.Inaddition,theroleprovideswideexposuretomanyareaswithinCitiincludingFunds Product/Operations, Legal, Compliance, Sales, Coverage & Financial Control. The role offers an opportunity to enhance regulatory knowledge of the Funds industry in Europe.

By joining Citi Dublin, 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 that support you (and your family) to be well, live well and save well. Discover more here.

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 energised 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.

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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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