About Citco:
The Citco Banks offer our clients the ability to transact, place cash on deposit and access foreign exchange markets and loan facilities. Operating from multiple locations globally, we provide custody and depositary services and credit facilities, with our solutions fully integrated with our fund administration and corporate and trust offerings.
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 centers Citco Bank provides access to best-in-class process and technology.
The Associate Capital Management is a member of the Citco Banking Services Division Capital Management department, which is responsible for compliance with prudential regulatory reporting Basel III & Basel IV requirements for cross Citco Group’s Banking Services Division. This covers in total four banks, with different levels of consolidation and located in six different jurisdictions: Citco Banking Corporation NV (Curacao), Citco Bank and Trust Company Ltd (Cayman Islands), Citco Bank Nederland N.V. (Netherlands, Ireland and Luxemburg) and Citco Bank Canada (Canada). The position reports to the Senior Associate Capital Management.
The Capital Management department is a team of specialists that deals with all requirements from Basel III and Basel IV and related prudential regulatory, management and financial reporting requirements. As Associate, you will primary advise and support the interpretation of Basel III and Basel IV prudential requirements (incl. those for regulatory reporting purposes), internal capital and liquidity models, new products and be actively involved in the maintenance of compliance with key prudential ratios. The department manages and demonstrates ongoing compliance with Basel III and Basel IV regulations and their implementation in Europe.
The Capital Management department cooperates with stakeholders like Finance, Risk Management, Treasury, Credit Desk, Data Governance and Regulatory Reporting Team on analyzing, instructing and implementing the design of the reporting chain to competent authorities. This includes participation in the ICAAP and ILAAP processes, Disclosure requirements and close alignment to Regulatory Reporting and the Enterprise Risk Management Framework.
Your role:
As Senior Associate in the team you will primary advise and support CBN on the interpretation of Basel III and Basel IV prudential requirements for the regulatory reporting purposes and be actively involved in the maintenance of compliance to key ratios. The department manages and demonstrates ongoing compliance with Basel III and Basel IV regulations and their implementation in the EU.
The Capital Management department cooperates with stakeholders like Finance and Risk Management on analyzing, instructing and implementing the design of the reporting chain to supervisory bodies (e.g. DNB, CBI, BCL) and reports directly into the CBN Management Board. This includes close alignment to Regulatory Reporting, Finance and the Enterprise Risk Management Framework.
This position offers a possibility to gain broad experience within the Capital and Risk management, finance and regulatory compliance domain and specifically in the area of Basel and CRD. As part of the Capital Management team, you will identify areas of potential needs for CBN and initiate the solution and implementation. You will report directly into the Lead of Reporting Capital Management.
Responsibilities:
* You will lead the team responsible for interpretation and prudential and statistical regulatory reporting requirements for Citco Banking Division;
* Identify business needs and align priorities for reports support;
* Support and back up team in development of work instructions, training and support for the Regulatory Reporting team;
* Maintain regulatory reporting calendar;
* Support in set up of new regulatory reports, incl. set up of roles and responsibilities across Citco Banking Group, process flows and process descriptions, when applicable;
* 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;
* Implement (as part of the team) Basel III requirements, as translated in local prudential frameworks in multiple jurisdictions, 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 this framework with new consultations, guidelines, standards and regulations on an ongoing basis by performing a detailed review and impact analysis of each requirement;
* Provide structural solutions to monitor and manage Liquidity and Capital within the organization, including automation of Capital Management reports and processes;
* Support the team in different locations;
* Communicate effectively and efficiently with relevant internal and external parties;
* Involve in specific business projects.
About You:
* You must have an academic background and working level;
* Masters degree in economics, econometrics, mathematics, finance or business administration or country equivalent in a related discipline;
* Minimum 3 year of experience in financial service industry, consultancy or audit;
* Multitasking and stress resistance;
* Capable to deal with complex matters;
* Strong focus on detail;
* Research and analytical skills;
* 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;
* Good knowledge of Microsoft office applications.
Our Benefits:
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 embrace diversity, prioritizing the hiring of people from diverse backgrounds. Our inclusive culture is a source of pride and strength, fostering innovation and mutual respect.
Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.
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