Product Control Analyst 2 - Global Credit Markets (Buffalo, NY)
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 Finance Division acts as a strategic partner across business lines. Professionals within the division work closely with the management teams of Citigroup's many departments, adding value to the firm's operations through strategic analysis and hands-on participation in planning and in process redesign. The Finance Division consists of Treasury, Tax, Controllers, Accounting Policy and Planning and Analysis.
The Controller's area is responsible for a variety of activities related to the Firm's financial reporting and controls. The division is divided into different areas of specialization where each group features a unique set of responsibilities that include both analytical and accounting roles.
The Global Credit Markets business has presence in North America, Europe, Japan and Asia Pacific. Their primary businesses are Portfolio & Exotics Credit Derivatives, Global Emerging Markets Credit Trading, Global Distressed Trading, and Global Credit Trading. Each of these businesses is supported by their regional product control teams.
The Global Credit Markets business are market makers for corporate loans, bonds and credit default swaps (CDS), and structured products like Tranches and CDOs. Other products covered by these desks for hedging risk may include treasuries, interest rate swaps, equities, and futures.
Currently, Global Credit Markets Product Control area is seeking a Product Control Analyst II. This is an exciting opportunity to utilize your analytical skills and increase your knowledge in a dynamic and growing product area. The candidate will be placed within a team that supports the US Credit Markets business and will be exposed to a diverse set of derivatives products such as interest rate swaps (IRS), credit default swaps (CDS), and develop an understanding of the risk attributes (greeks) used to measure exposure and manage these products. Candidate will be responsible for the accurate reporting of daily/monthly Profit & Loss (P&L) and Balance Sheet; and is expected to work closely with the Credit Markets Trading Desk to understand market trend drivers.
- Primary responsibility is the daily production and analysis of profit & loss, PAA, and balance sheet reports for the trading desk.
Assist in month end closing process including General Ledger entries, balance sheet substantiation, and P&L reporting.
Develop a strong understanding of the Credit Market product structures (i.e. Total Return Swaps, Credit Default Swaps, Domestic & Foreign Denominated Corporate Debt, etc)
Work alongside senior team members developing relationships with Trading Desk, Middle Office, Operations, and Technology in resolving trade and operational problems that impact the PL and balance sheet.
Assist management with provide variance commentary relating to Revenue and Balance Sheet monthly/quarterly/yearly fluctuations
* Bachelor's degree in any finance, economics or quantitative-related subject
* Ability to manage multiple tasks and work effectively in a rapidly changing environment
* Excellent communication skills, both verbal and written
* A control focused mind-set with strong process improvement capabilities
* Prior experience in Accounting/Finance field preferred
* Ability to manage multiple tasks and meet assigned deadlines required
* Knowledge of Derivative and/or Bond products a plus
Job Status: Full Time
Job Reference #: 18006622