Finance and Economics Legal Management & Business Others
1 - 2 Years
Associate – Capital Management, Americas
Associate – Capital Management, Americas
Citco is a global leader in fund services, corporate governance and related asset services with staff across 80 offices worldwide. With more than $1 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.
For more information about Citco, please visit www.citco.com
About the Team & Business Line:
Citco Bank provides fully integrated transaction, deposit, foreign exchange and credit facilities to our Fund Services and Governance Services clients. Operating in strategic global centres Citco Bank provides access to best of breed process and technology.
As a core member of our team you will work closely with internal stakeholders and cross-functional teams to minimize operational risks and ensure our clients experience seamless delivery across banking services.
The Associate Capital Management is a member of the Capital Management department, which is responsible for compliance with prudential regulatory reporting Basel III & Basel IV requirements for cross Citgo Group’s Banking Services Division located in Americas. This covers in total three banks, with different level of consolidation and is located in three different jurisdictions: Citco Banking Corporation, Citco Bank and Trust Corporation and Citco Bank Canada. The position reports directly to a Lead Capital Management in Americas.
The Capital Management department is a team of specialists that deals with all requirements from Basel III & Basel IV and related prudential regulatory, management and financial reporting requirements. As Associate in the team you will primary advise and support on the interpretation of Basel III and Basel IV prudential requirement (incl. those for the regulatory reporting purposes), internal capital and liquidity models, new products and be actively involved in the maintenance of compliance to key prudential ratios. The department manages and demonstrates ongoing compliance with Basel III and Basel IV regulations and their implementation in the Americas.
The Capital Management department cooperates with stakeholders like Finance and Risk Management on analyzing, designing and implementing the design of the reporting chain to supervisory bodies. This includes participation in the ICAAP and ILAAP processes, Disclosure requirements and close alignment to Regulatory Reporting and the Enterprise Risk Management Framework.
This position offers a possibility to gain broad experience within the Capital and Risk management and prudential regulatory compliance domain and specifically in the area of Basel and CRD, as well as data analysis and reconciliation. As part of the Capital Management team, you will identify areas of potential needs for Citco Banks and initiate the solution and implementation.
Maintain core capital ratios (Capital adequacy, Liquidity adequacy, leverage and large exposure);
Interpret prudential regulatory (incl. reporting) requirements under Basel and CRD framework based on the specific of Citco Banks portfolios;
Develop and provide work instructions, training and support for the Regulatory Reporting team;
Maintain daily monitoring metrics, align within the group and manage on an ongoing basis compliance to the internal and regulatory limits;
Support and consult with the Regulatory Reporting team, Finance and Risk Management;
Enhance the automation level of Capital Management core processes (incl. ratios monitoring, as well as regulatory monitoring);
Provide support to Treasury functions and Management on business decisions from the prudential regulations perspective;
Support Pillar 3 Disclosure process;
Support ICAAP processes executed by Risk Management;
Maintenance of IRRBB models for Citco Banks in Americas;
Implement new capital regulatory requirements (CRD V/ CRR II), as translated in local regulation for all main risk types (credit, market, operational, liquidity risks, interest rate risk in the banking book, leverage ratio and large exposure);
Monitor and update these requirements with new consultations, guidelines, standards and regulations on an ongoing basis by performing a detailed review and impact analysis of each requirement;
Support part of team located in Europe;
Work with the various Subject Matter Experts across the banks to ensure enterprise wide compliance;
Provide specific topic based trainings for the organization on the topics within Capital Management;
Prepare management reporting to the relevant Management Board or Risk committees following the above developments;
Communicate effectively and efficiently with relevant internal and external parties;
Involve in specific business projects.
Must have an academic background and working level;
Masters degree in law, economics or business administration or country equivalent in a related discipline;
Minimum 2 years of experience in financial service industry, consultancy or audit;
Hands on experience with Basel II/III/CRD IV/CRR, ICAAP, ILAAP or ERM;
Multitasking and stress resistance;
Capable to deal with complex matters;
Strong communicative and interpersonal skills;
Excellent communication skills, both verbal and written (In English);
Ability to work independently and also to liaise with other departments;
Research and analytical skills;
Good knowledge of Microsoft office applications;
Hedge fund industry and/or Trust business experience would be an advantage.
Your well being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.
We recognize diversity as a source of organizational pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization.
Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.