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 commitment to innovation and diversity.
- Benefits: Enjoy competitive pay, comprehensive benefits, and opportunities for professional growth.
- Other info: Be part of a diverse team driving transformation in financial services.
- Why this job: Make an impact in the fast-paced world of foreign exchange and cross-border payments.
- Qualifications: Degree in Economics/Banking/Finance or relevant experience; strong analytical skills required.
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
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Transactional Foreign Exchange (TFX) Specialist (VP) employer: Citibank (Switzerland) AG
Citi is an exceptional employer that fosters a dynamic and inclusive work culture, offering its employees the opportunity to thrive in the fast-paced world of foreign exchange. With a strong emphasis on professional development, employees can expect robust growth opportunities and the chance to engage with innovative solutions that drive client satisfaction. Located in a vibrant financial hub, Citi provides a collaborative environment where creativity and analytical skills are valued, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Transactional Foreign Exchange (TFX) Specialist (VP)
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and FX markets. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of foreign exchange markets and cross-border payments. Be ready to discuss how you can add value to Citi’s TFX team. Practice common interview questions and have your own questions ready to show your interest.
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've successfully managed tasks under pressure or innovated solutions in past roles. This will help you stand out as a candidate who can thrive in a fast-paced environment.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, keep an eye on our careers page for any new opportunities that pop up in the TFX space.
We think you need these skills to ace Transactional Foreign Exchange (TFX) Specialist (VP)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of TFX Specialist. Highlight your experience in foreign exchange markets and transactional banking, as well as any relevant skills that match the job description.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about FX and how your background makes you a perfect fit for the role. Don’t forget to mention your innovative approach to problem-solving!
Showcase Your Analytical Skills:Since the role requires strong analytical abilities, be sure to include examples of how you've used these skills in past roles. Whether it's managing FX positions or processing transactions, let us see your expertise!
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 get you on our radar!
How to prepare for a job interview at Citibank (Switzerland) AG
✨Know Your FX Stuff
Make sure you brush up on your knowledge of foreign exchange markets and transactional banking. Be ready to discuss recent trends, key players, and how they relate to Citi’s Cross Border Payment products. This will show that you're not just familiar with the basics but are genuinely interested in the field.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical and mathematical skills during the interview. You might be asked to solve a problem or analyse a scenario related to FX transactions. Practising some real-world examples can help you articulate your thought process clearly.
✨Showcase Your Communication Skills
Since this role involves client coverage and collaboration with various teams, it's crucial to demonstrate your verbal and written communication skills. Practice explaining complex concepts in simple terms, as you may need to do this with clients or colleagues who aren't as familiar with FX.
✨Be Ready for Innovation Questions
Citi values creativity and innovation, so be prepared to discuss any past experiences where you've implemented new ideas or solutions. Think about how you can contribute to product development and technology enhancements in the TFX space, and come armed with examples.
