Assistant Vice President

Job Purpose:

This is a role for a manager at Assistant Vice President level within Transfer Agency operational unit, reporting to the SG Head of TA Operations. The candidate will have oversight responsibility. It is a fantastic opportunity for the individual who has experience in the funds industry, and is looking for an opportunity to advance in a fast growing dynamic organization.

The candidate is expected to be responsible for handling daily BAU activities including client and vendor servicing, BAU management and oversight responsibilities while managing an operational team in Singapore. The candidate is also expected to maintain a close working relationship with its product & technology partners and operational team(s) in-country and in other Citi locations, while ensuring proper oversight of its in-country operational activities and/or other outsourced/offshored activities.

Job Background / Context:

The Transfer Agency Department is primarily responsible for the accurate maintenance of the fund and shareholder register, accurate capture and reporting of investor dealings in the fund for which Citi acts as the fund’s transfer agent.

The local team is responsible for day-to-day client servicing, coupled with a number of back office functions within the transfer agency unit across mutual funds. Some operational functions are executed by the local transfer agency unit, while other functions may be performed by Citi’s outsourced/offshored locations globally or with external vendors.

Singapore TA is responsible for ensuring sufficient KRIs and MCAs are in place and ensuring that team deliverables such as management reports, billing, MIS and KPI metrics, internal risk review packs, are promptly delivered to external clients and internal stakeholders.

Key Responsibilities:

The candidate should have strong knowledge of the full trade cycle including other functions performed within the Transfer Agency operations, as well as the responsibilities of the Administrator and the Custodian. The candidate is required to have strong knowledge and extensive practical experience of the following core TA processes:

Client/Distributor/Investor on-boarding, AML/KYC documentation & administration, and data management

Transaction processing & investor servicing

Cash & trade settlement processing

Corporate action processing

CPF and SRS investor handling / processing

Reporting of shareholder trade activity to the fund accountant and fund custodian

Bank account reconciliation

Foreign exchange dealing & execution

Periodic client & investor reporting

The candidate should also have experience in the following responsibilities of the Transfer Agent:

Review of fund prospectuses, operating memorandums and key fund documentation

Fund launches and implementation

Client conversions

Client change request management

Client & vendor management

Oversight and risk control management for domestic and outsourced functions

Managing client due diligence visits

Awareness of regulatory and industry change and how it impacts the business

Other Responsibilities:

Oversee day-to-day operations of one or multiple teams and unit supervisors and ensure teams meet performance, service quality and service delivery expectations.

Manage staff resource allocation while assisting with the development and oversight of the budget.

Resolve complex and highly variable issues with significant departmental impact.

Oversee the volume, quality, integrity, timeliness and delivery of complex deliverables.

Analyze issues with transaction capture and related functions where direction is needed, and actions must be recommended / taken.

Develop and implement policies and procedures and support a range of internal and external clients and ensure that essential procedures are followed and contribute to defining workflow standards.

Oversee performance of operational activities and define, develop, implement and track Key Performance Indicators (KPIs) and Service Level Agreements (SLAs).

Identify opportunities to improve processes, client service, control, and cost reduction and implement improvements.

Conduct discovery and due diligence activities with clients to solve complex client queries.

Evaluate staff performance and make recommendations for training/development, pay increases, hiring, terminations and other personnel actions.

Contribute to the objectives of the Transfer Agency operations in the region.

Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

The following aspects of the role are also important:

Control Environment:

The candidate will be expected to identify issues or inefficiencies within the team and to build a strong, controlled working environment, concentrating on error prevention and mitigation.

Relationship and Network Building:

The candidate will also be expected to focus on building relationships with the Citi TA vendors and other Citi locations that perform tasks on behalf of the SG TA, with the clients and other business partners both internally and externally. The candidate will act as the Transfer Agency Single Point of Contact for the vendor and sites performing TA responsibilities on behalf of our clients for SG and will require strong skill sets and experience in respect of:

Acting as key relationship and escalation point for the vendors/other Citi locations across all TA functions, taking end-to-end responsibility for the TA relationship.

Manage change with these business partners to ensure a controlled change environment

Engage in proactive added-value communication with the vendors/other Citi locations, and conduct briefings within TA to build awareness across the teams.

Understand the requirements of oversight and control of 3rd party outsourced functions and the importance of adhering to regulatory obligations.

Development value:

This is a senior management role and is an ideal position for a candidate with strong TA and management experience to excel in their career in the fund services and fund administration space, particularly in relation to client servicing and relationship management, back office support and the oversight of outsourced/offshored functions & activities.

The role will also present opportunities for involvement in departmental and inter departmental initiatives which are outside the daily tasks performed by the team.

The role will provide opportunity to the candidate to participate in cross-functional initiatives, and being part of the regional management team within TA operations and across Funds Administration.

Knowledge / Experience:

The candidate should have at least 8 years of working experience and preferably within Transfer Agency operations or in a Transfer Agency support role Transfer Agency project management experience. Having an industry knowledge of Transfer Agency services and operations in Singapore and an extensive industry experience in fund administration space is a benefit.

Skills:

In addition to a strong knowledge of TA operations and the Funds Industry as outlined above, the candidate also needs to display strong interpersonal skills, communication skills, and time management skills. The candidate also needs to be able to work independently on projects or sub sets of projects and effectively represent the TA function operationally. Due to the nature of the oversight of the outsourced/offshored functions, the candidate should have strong regulatory and compliance background and a good understanding of local regulatory obligations and requirements.

Qualifications:

Candidates should be educated to 3rd level. Professional qualifications are preferred but not mandatory

8 - 12 years of experience, preferably in a related role

Subject Matter Expert in multiple or specific skill sets, business areas or products preferred

Demonstrated project management skills

Ability to work under pressure and manage deadlines

Ability to work in a fast-paced environment

Consistently demonstrates clear and concise written and verbal communication

Attention to detail and intermediate problem solving skills

Core Skills & Competencies:

Delivery of high quality service to internal and external customers;

Manage the delivery of the team’s tasks in a timely, accurate and in a controlled environment, ensuring priority items are identified and dealt with in a prompt manner.

Display effective organization skills in order to manage competing priorities.

Liaise effectively with other parties, both internally and externally and communicate in a professional manner at all times.

Represent the TA in a competent and professional manner with external vendors and clients.

Represent the TA in the regular service calls with external vendors and outsource business partners

Provide an excellent standard of service to our clients both internally and externally.

Identify and assume ownership of issues;

Take responsibility for assigned tasks and prioritize to ensure expectations are met.

Display effective delegation skills, focusing on developing individuals within your team.

Co-ordinate and maintain a calendar of tasks for the team, ensuring the team meets the deadlines agreed.

Co-ordinate or act as TA representative on larger projects, as requested.

Become actively involved in the development of the business by involvement in initiatives such as new business take on

Implement effective risk awareness within the team, ensuring each member of the team adheres to all documented controls

Self-management:

Ability to build a strong and trusted working relationship with your team and colleagues

Completion of all assigned training and management of your own training path by identifying personal training needs and opportunities.

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Job Family Group:

Operations - Transaction Services

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Job Family:

Cash Management

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Time Type:

Full time

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. 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 .

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