Head of Back Office Global Wealth Management Data and Applications at Citi

Chennai, tamil nadu, India -

Full Time

Start Date

Immediate

Expiry Date

07 Apr, 26

Salary

0.0

Posted On

07 Jan, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Back Office Operations, Financial Systems, Reconciliation Processes, Data Analysis, Problem Solving, Operational Risk Management, Process Improvement, SQL, Wealth Management, Financial Products, Bookkeeping, Corporate Actions, Tax Operations, Settlement, Custody, Data Quality

Industry

Financial Services

Description

Ensure timely and accurate reconciliation of internal records with external counterparty statements and market data. Develop and implement robust controls and processes to maintain the integrity of intra-day financial data. Manage and monitor intra-day journaling and bookkeeping processes, ensuring all financial transactions are correctly classified, recorded, and posted in a timely manner. Implement and review reconciliation procedures for intra-day entries, identifying and addressing any out-of-balance conditions promptly. Ensure compliance with accounting standards and internal policies for all bookkeeping activities. Investigate and resolve complex operational breaks and exceptions efficiently, minimizing financial risk and operational impact. Implement preventative measures to reduce future operational errors and improve process reliability. Ensure all back-office operations, particularly related to books and records and FSOR management, comply with relevant financial industry regulations, internal policies, and audit requirements. Identify, assess, and mitigate operational risks associated with back-office data and processes. Process Improvement & System Enhancements: Contribute to the analysis, design, and implementation of new functionalities and enhancements for back-office systems. Participate in testing and validation of system changes, ensuring they meet business requirements and operational standards. Act as a subject matter expert for the Financial System of Record, ensuring its accurate functioning for tracking client positions, balances, and transactional activities. Manage and validate data within the SOR, identifying and resolving discrepancies to maintain a true and accurate representation of client holdings and financial movements. Collaborate with technology teams to optimize SOR performance, data quality, and reporting capabilities. Serve as a primary point of contact and lead across other critical back-office functions, including Corporate Actions, Tax Operations, Settlement, and Custody. Ensure seamless data flow and process alignment between the Financial SOR, books and records, and these interconnected functions to support end-to-end operational efficiency. Proactively identify and resolve interdependencies and issues that impact multiple back-office areas. Bachelor's degree in Computer Science, Engineering, or a related field. 20+ years of experience in back-office operations or technology within the financial services industry, with significant experience in Wealth Management. Demonstrated expertise in intra-day books and records, financial systems of record (FSOR) for positions, balances, and activities, and intra-day journaling and bookkeeping. Experience leading large scale transformation/conversion projects for these domains Strong understanding of related back-office functions, including corporate actions, tax, settlement, and custody. Experience with major wealth management platforms or back-office processing systems. Proficiency in financial products typical of wealth management (equities, fixed income, mutual funds, alternative investments). Experience with reconciliation processes and tools. Knowledge of specific regulatory requirements relevant to wealth management back-office operations. Strong analytical and problem-solving skills, with a keen eye for detail and data discrepancies. Ability to work effectively in a fast-paced, high-pressure operational environment. Excellent communication and interpersonal skills, with the ability to collaborate effectively with technical and business stakeholders. Familiarity with SQL for data analysis and querying financial systems. Bachelor's degree/University degree or equivalent experience Master's degree preferred ------------------------------------------------------ For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------

Responsibilities

The Head of Back Office will ensure timely reconciliation of internal records with external statements and manage intra-day financial data processes. They will also implement controls, investigate operational breaks, and ensure compliance with regulations.