At a Glance
- Tasks: Execute FX transactions and manage client relationships in a dynamic financial environment.
- Company: Join Citi, a leading global bank with a focus on innovation.
- Benefits: Competitive salary, career development opportunities, and a vibrant work culture.
- Other info: Opportunity to work in a fast-paced environment with significant career growth potential.
- Why this job: Be at the forefront of cross-border payments and drive impactful financial solutions.
- Qualifications: Degree in Economics/Banking/Finance and strong knowledge of foreign exchange markets.
The predicted salary is between 80000 - 100000 £ per year.
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 will involve dealing 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.
Job Description:
- Responsible for Foreign Exchange flows including Worldlink, CBFT and Global Custody products
- Processing FX transactions for customers as efficiently as possible
- Responsible for FX Benchmark position management and product growth
- Manage and reduce business risk for both Sales and Trading
Key Responsibilities:
- Client Coverage & Execution
- Flexibility covering EMEA, NAM and LATAM client base
- Provide sales coverage for 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 escalate 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 / 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. The Certification Regime is one element of the Individual Accountability Regime which came into effect on 7 March 2016. Under the Certification Regime, Citi UK regulated entities (Citi entities) must ensure that employees working in certain roles categorised 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.
FX Markets VP: Cross-Border Payments & Innovation Lead employer: Citibank (Switzerland) AG
Citi is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. As a leader in the financial services industry, we provide our employees with extensive growth opportunities, competitive benefits, and a culture that values integrity and excellence. Join us to be part of a team that is at the forefront of transforming cross-border payments and making a meaningful impact in the global market.
StudySmarter Expert Advice🤫
We think this is how you could land FX Markets VP: Cross-Border Payments & Innovation Lead
✨Tip Number 1
Network like a pro! Reach out to your connections in the FX markets and let them know you're on the hunt for a VP role. A friendly chat can lead to insider info about openings that aren't even advertised yet.
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of cross-border payments and FX transactions. We want you to showcase your expertise and creativity, so think of innovative solutions you could bring to the table!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit for their team.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace FX Markets VP: Cross-Border Payments & Innovation Lead
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of FX Markets VP. Highlight your experience in foreign exchange and cross-border payments, and don’t forget to showcase any innovative solutions you've implemented in previous roles.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to tell us why you're passionate about FX markets and how your skills align with our needs. Be specific about your achievements and how they relate to the responsibilities listed in the job description.
Showcase Your Analytical Skills:Since this role requires strong analytical abilities, make sure to include examples of how you've used these skills in past positions. Whether it's managing FX positions or developing innovative solutions, we want to see your thought process!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you’re considered for the role without any hiccups!
How to prepare for a job interview at Citibank (Switzerland) AG
✨Know Your FX Markets
Make sure you brush up on your knowledge of foreign exchange markets and cross-border payments. Be prepared to discuss recent trends, challenges, and innovations in the FX space. This will show that you're not just familiar with the basics but are also engaged with the current market landscape.
✨Demonstrate Analytical Skills
Since the role requires strong analytical and mathematical skills, be ready to showcase examples from your past experiences where you've successfully managed tasks under pressure. Think of specific instances where your analytical abilities led to innovative solutions or improved processes.
✨Communicate Clearly
Given the importance of verbal and written communication in this role, practice articulating your thoughts clearly and concisely. You might want to prepare a few key points about your experience and how it relates to the job, so you can convey your ideas effectively during the interview.
✨Understand the Certification Regime
Familiarise yourself with the FCA and PRA Certification Regime, as this role is subject to it. Be prepared to discuss how you meet the 'fit and proper' requirements, including your honesty, integrity, and competence. This shows that you take the regulatory aspects seriously and understand their importance in the role.
