Citco India | Assistant Vice President - Middle Office Operations

Responsibilities

• Oversee the successful roll out of Uncleared Margin Rules (UMR) service offering from an MOS perspective.
• Reconciliation in terms of in-house reconciliation and use of 3rd party Tri Optima, be an active participant in both daily reconciliation and Dev efforts to improve the product offering.
• Establish, alongside AVP, direct report goals, prepare performance evaluations and succession plans.
• Work with and develop strong relationships with multiple departments across the firm including our Center Of Excellence (COE), clients and counterparties to drive results and deliverables.
• Work with clients in a professional manner to resolve any open issues.
• Lead the roll out of new operational processes.
• Ensure strong succession plans in place within the team.
• Supporting the conversion/launches of any new clients.
• Participate and organize operational due diligence reviews and client visits.
• Participate in client pitches and demos as needed.
• Provide both internal and external system training where required.
• Ensure adherence to Global Best Practice Policy and provide ongoing leadership in all matters related to operational risk including incident resolution.
• Manage a team whose role is ensuring that MOS deliverables are produced accurately and in accordance with risk management best practices, monitoring client collateral margin requirements and reviews of static data regarding ISDA CSA Master Documentation.
• Be the point of contact for your location and function, collaborating with respective leaders across the business to achieve collective goals.
• Marketing experience an advantage and presentation skills essential.
• Partners with internal and external clients to understand needs, develop solutions and deliver an excellent client experience.
• Takes proactive steps using sound judgement to support safe and effective decision making.
• Values and promotes a strong risk culture.
• Develops forward-looking strategies for growth by identifying market trends and transformation opportunities.
• Drives innovation by challenging conventions, fostering creativity, and translating insights into impactful strategies that position Citco for sustainable success.
• Creates a culture where influence is valued over authority, with a strong emphasis on diverse experience.

Requirements

• Strong SWIFT experience with security transfer knowledge of MT527, 540 and 542 would be an advantage.
• Experience with collateral vendor relationships is an advantage such as Acadia or Euroclear.
• Learn more about Citco's expected skills, behaviors, and the hiring process at Careers FAQ.
• Knowledge of MRAs/ GMRAs (Global Repo Margin agreements) is an advantage.
• Knowledge of Hedge and Mutual Funds.
• Demonstrated ability to leverage AI-powered tools and evolving digital technologies to enhance productivity, efficiency, and quality of work

Citco

Founded in 1948 by A.A.G. Smeets, Citco first worked for private clients and multinational companies in the years after the Second World War, and launched its fund administration business in 1968. The group, whose parent company is The Citco Group Limited, has been majority independently owned since its start. It now serves alternative asset managers, asset owners, investors, banks and corporates with fund administration, middle office, banking, tax and regulatory, corporate secretarial and entity management services. In India, Citco has offices in Mumbai (Powai), Pune (Kharadi) and Hyderabad, where its Center of Excellence was launched in 2021 and moved into a permanent office in Knowledge City in 2023.

Citco's finance roles in India, in Hyderabad, Mumbai and Pune, centre on fund services: fund accountants for hedge funds, private equity and real assets (including property accounting), financial reporting accountants and team leads, operations and risk analysts, and supervisors up to vice president. It also hires for its own corporate finance, such as general ledger, accounts payable, payroll and finance systems support, as well as corporate secretarial work and CMA Inter internships. Postings usually ask for a degree in accounting, finance or economics, and several name CA, CPA, ACCA, ACA, CIMA, CMA or CFA, or study towards one.

• Industry: Asset servicing for the alternative investment industry: fund administration, middle office, banking, tax and corporate services
• Headquarters: The Citco Group Limited, a privately held group with offices worldwide
• In India: Citco Shared Services (India) Private Limited (Powai, Mumbai) and Citco Group Services (India) LLP (Kharadi, Pune, with a branch in Knowledge City, Hyderabad)