Job Description

The Banking & Lending Operations Assistant Vice President is a senior role within the UKEMEA Wealth (Private Bank) Banking & Lending Swiss Operations Team based in Zurich. The main responsibilities include execution of client orders for banking products (fiduciary placements, time deposits, Islamic investments and others), issuance of Standby Letters of Credit (Bank Guarantees) and tasks related to credit collateral monitoring. This role also requires driving various initiatives as well as support operations transformation projects to improve efficiency and excellence. Given the diversity of the role, the demanding client segment and the involvement of large value transactions, we are looking for applicants who have experience in money market operations and preferably experience in the area of standard and non-standard Bank Guarantees. We are looking for applicants who have worked in a fast-paced environment, who enjoy working under pressure against multiple daily deadlines, who are service oriented and who diligently executes procedures, policies & controls. The role offers great opportunity to gain insight of Wealth Management Business and its Banking & Lending products as well as to have ongoing close interaction with local, regional and global partners within Citi Wealth Private Bank Business and Operations Service Centers.
The key responsibilities:
Issuance of Bank Guarantees (standby letter of credit)
Collateral Monitoring & Credit related tasks
Execution of client orders for banking products
Execution of Murabaha trades with commodity brokers
Compile and issue periodic management information to support governance processes
Act as the backup to the team lead
Support various initiatives and projects to improve efficiency and excellence
Record Management
Performing periodic control testing
Qualifications:
3 years or more of experience in Banking / Lending Operations
Expert know-how for Bank Guarantees (Standby Letters of Credit)
Familiarized with Credit Risk and Collateral Management
Aware of the interest rate market and deposit products
General understanding of Banking & Lending Products
Able to work diligently under time pressure on concurrent activities
Ability to collaborate across teams
Ability to take on new assignments
Education:
Bachelor's / University Degree in Business, Accounting or Finance
Mother tongue or Degree in English
Able to speak and write in German or French is an asset
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Job Family Group: Operations - Transaction Services
Job Family: Cash Management
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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