At a Glance
- Tasks: Execute FX transactions and support cross-border payment products for clients.
- Company: Join Citi, a leading global bank with a commitment to innovation.
- Benefits: Competitive salary, career development, and a diverse work environment.
- Other info: Opportunity for growth in a fast-paced, collaborative setting.
- Why this job: Be part of a dynamic team driving impactful financial solutions worldwide.
- Qualifications: Degree in Economics/Banking/Finance and strong FX market knowledge required.
The predicted salary is between 70000 - 90000 € 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.
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 elevate 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. Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi. View Citi’s EEO Policy Statement and the Know Your Rights poster.
Transactional Foreign Exchange (TFX) Specialist (VP) employer: Citigroup, Inc.
Citi is an exceptional employer, offering a dynamic work environment that fosters innovation and collaboration within the financial services sector. As a Transactional Foreign Exchange (TFX) Specialist, you will benefit from extensive professional development opportunities, a commitment to diversity and inclusion, and the chance to engage with a global client base across EMEA, NAM, and LATAM. With a strong focus on employee growth and a culture that values integrity and excellence, Citi provides a rewarding platform for those looking to advance their careers in foreign exchange and transactional banking.
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 those interviews! Research Citi’s Cross Border Payment products and understand their FX strategies. Be ready to discuss how your skills can help them manage risk and enhance client satisfaction. Show them you’re not just another candidate!
✨Tip Number 3
Practice your pitch! You’ll want to clearly articulate your experience with foreign exchange markets and transactional banking. Make it concise and impactful—this is your chance to shine and show why you’re the perfect fit for the TFX Specialist role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team at Citi. Let’s get you that job!
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 is tailored to the TFX Specialist role. Highlight your experience in foreign exchange markets and transactional banking, as these are key for us. Use specific examples that showcase your skills in managing FX transactions and client coverage.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our needs. Mention your analytical skills and any innovative solutions you've implemented in previous roles.
Showcase Your Communication Skills:Since this role requires strong verbal and written communication skills, make sure your application reflects that. Keep your language clear and professional, and don’t forget to proofread for any typos or errors before hitting send!
Apply Through Our Website:We encourage you to apply through our website for the best chance of being noticed. It’s straightforward and ensures your application goes directly to our hiring team. Plus, you can easily track your application status there!
How to prepare for a job interview at Citigroup, Inc.
✨Know Your FX Stuff
Make sure you brush up on your knowledge of foreign exchange markets and transactional banking. Be ready to discuss specific products like Worldlink and CBFT, as well as how they relate to cross-border payments. This will show that you're not just familiar with the terms but can also apply them in real-world scenarios.
✨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 case studies or numerical problems beforehand can really help you stand out.
✨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 articulating your thoughts clearly and concisely, and be prepared to discuss how you've effectively communicated complex information in past roles.
✨Be Ready for Risk Management Questions
Given the importance of managing business risk in this role, expect questions about your experience with risk management. Think of examples where you've successfully identified and mitigated risks in previous positions, especially in relation to FX positions or client transactions.
