Transactional Foreign Exchange (TFX) Specialist (VP) in London

The Transactional Foreign Exchange (TFX) specialist is responsible for executing FX in support of Citi’s Cross Border Payment products within FX Markets. The role involves working with TTS Global Product teams, FXLM sales & trading desks, Product Development, Operations and a range of Products to deliver value and satisfaction to our clients.

Responsibilities:

• Responsible for foreign exchange flows including Worldlink, CBFT and Global Custody products.
• Process FX transactions for customers as efficiently as possible.
• Manage FX benchmark position management and product growth.
• Manage and reduce business risk for both Sales and Trading.

Client Coverage & Execution:

• Provide flexibility covering EMEA, NAM and LATAM client base.
• Provide sales coverage for the TFX client base.
• Accurately book FX transactions as per pricing guidelines.
• Demonstrate good conduct at all times, including adherence with the FX Global Code.
• Actively manage clients through innovative solutions and automated execution.

Risk, Controls & Benchmarks:

• Monitor client usage and escape any significant variances.
• Risk-manage FX positions related to the activities of this role.
• Monitor system parameters (rate feeds, position triggers, etc).
• Manage FX benchmark flows for WMR & BFIX products.

Product, Technology & Platform Development:

• Act as the lead for engagement with Product and Technology partners on the transformational modernization program, representing TFX requirements and driving successful delivery.
• Participate in FX pricing discussions and revenue reviews.
• Test new system enhancements and provide feedback to technology development and support teams.

Operational & Business Support:

• Provide FX-related MIS.
• Process non-account-based payment requests, including interaction with 3rd-party treasuries.

Knowledge / Experience:

• Strong knowledge and experience of the foreign exchange markets.
• Knowledge of transactional banking and cross border payments.
• Proven ability to manage tasks timely and accurately under pressure.
• Strong analytical and math skills.
• High level of verbal and written communication skills.
• Creative with a track record of innovation.

Education Level:

• Degree in Economics, Banking, Finance or relevant market/working experience.

Candidates applying for this role must be aware that it is a Certified Role, subject to the FCA and PRA Certification Regime. Under the Certification Regime, Citi UK regulated entities (Citi entities) must ensure that employees working in certain roles categorized as specified significant harm functions (Certified Roles) are assessed as fit and proper to carry out their role. Under the guidance provided by the FCA and PRA, firms should have regard to the following when assessing fitness and propriety: honesty, integrity and reputation; financial soundness; competence and capability. In order to comply with the requirements of the Certification Regime, Citi entities must take reasonable care to ensure that an employee does not perform a Certified Role without first being certified as Fit and Proper. For this reason, you will be assessed for this role against the Fit and Proper requirements, as described above. This assessment will be carried out through extensive interviews, self-disclosures, permitted criminal record checks, regulated reference checks, credit checks and other background screening checks. 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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