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 (Var Citi) 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 tenure

• A discretional annual performance related bonus

• Private medical insurance packages to suit your personal circumstances

• Employee Assistance Program

• Pension Plan

• Paid Parental Leave

• Special discounts for employees, family, and friends

• Access to an array of learning and development resources

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 energized 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.

Job Family Group:

Corporate Services

Job Family:

Supply Chain

Time Type:

Full time

Most Relevant Skills

Please see the requirements listed above.

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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