- Primary Location: United States,New York,New York
- Education: Bachelor's Degree
- Job Function: Risk Management
- Schedule: Full-time
- Shift: Day Job
- Employee Status: Regular
- Travel Time: Yes, 50 % of the Time
- Job ID: 18071424
Description
About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citi's Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop to are widely available to all.
Brief Description of the Organization CBNA is the primary legal entity for Citi, providing products and services to consumers, financial institutions and corporate clients around the world. In the past, Citi has provided most of its internal reporting on a business by business basis. With the changes in the regulatory environment, strong legal entity reporting and governance has become essential. This team is responsible for ensuring that CBNA has the appropriate governance and control infrastructure to meet the demand for legal entity planning, execution, information management and the ever-evolving regulatory environment.
Description of the Position
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citi's Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.
The Citi Private Bank Managed Investments group is seeking an Operational Due Diligence VP who will conduct operational due diligence reviews for our direct hedge fund and alternative investments globally. This role will involve directly reporting to the Head of Operational Due Diligence EMEA and APAC in London and will require close communication with the operational and investment due diligence teams globally.
Key Responsibilities:
Qualitatively assess investment manager operations, internal controls and risks as well as assessing third party providers through thorough onsite reviews
Review manager and fund documentation including Formation Documents, Offering Memorandums, Service Provider and Financing Agreements.
Conduct ongoing reviews of investments
Write formal assessments of reviews for internal and external distribution
Maintain operational due diligence policies and procedures with industry best practices and develop future enhancements of Citi's Ops due diligence program
Coordinate the service provider and counterparty confirmation process globally, and reconcile prime broker, fund accounting and audit data
Attend and assist in performing manager and service provider due diligence reviews
Attend industry conferences to develop and share market intelligence with team members.
Assist in ad-hoc projects and reviews necessitated by current market events
Qualifications
Min. of 5 years of direct operational due diligence experience covering private equity / real estate / hedge funds
Knowledge of private equity / real estate / hedge funds strategies and trades, valuation and reconciliation issues and best practices of the industry.
Knowledge of global regulatory and compliance rules and regulations
Critical, organized with the ability to articulate concerns/issues effectively to senior investment management professionals (i.e. CFO, controllers, prime brokers, Administrators, etc.)
Excellent interpersonal and communication skills, oral and written required
Proactive attitude focusing on creating ideas and plans for correcting issues
Must have attention to detail and accuracy
Flexibility to travel
Bachelor's degree, preferably in finance or accounting |
