The History And Background Of Citibank

Published Date: 02 Nov 2017

Citibank N.A. corporate customers with a broad range of financial and treasury services as well as foreign exchange, Derivatives and hedging solutions, investment opportunities and in-depth market analysis.

Citibank Treasury has a state of the art online dealing platform which provides real time FX in over 400 currency pairs 24 hours a day.

The CITIBANK has solutions oriented global team of Human Resources professionals. Our objectives are to:

Recruiting, build up (developing) and retention of the best talent.

Ensure employees are practically remunerated based on their performance.

Design benefit and work/life programs that allow employees to manage their needs.

Promote diversity and community involvement as core to all we do.

Develop growth oriented leaders with global mindsets who operate locally in accordance with our hared responsibilities.

Treasury and Financial Institution Department in Banks is one of core department of the bank which utilizes or mobilizes bank’s surplus funds to make profits. The most important financial services provided by financial institutions are performing as financial intermediaries.

Well we will consider its "Treasury and Financial Institution" Department here for following human resources (positions) required running this department efficiently for the profitability of CITIBANK.

Financial Analyst.

Equity Dealer.

Incharge/Head of Treasury Operations.

Dealer For Front Office

Officer Treasury Operation.

Filing Officer.

JOB ANALYSIS:

Analysis for jobs is complex instrument to gather job-related data. This procedure results in gathering and record keeping two data sets including job description and job specification. It is necessary to identify them truthfully in organizing to place the best human resource at the best place and in the right time. Job description and job specification are significant parts for job analysis information.

JOB DESCRIPTION:

It is a structured statement of objective in variety of responsibility and tasks for specific job such as:

Job title and location and working environment.

Job nature and operations to perform task in that environment.

Authority- responsibility to build relationship with other staff (members.

Qualifications required for that job.

Physical and operational condition or the work surroundings needed in performance for particular job.

JOB SPECIFICATION:

It’s a statement that defines suitable individual’s qualities to perform tasks. It translates descriptions of job into human credentials to facilitate task are done in a better manner like:

Designation/Title for Job

Qualification for particular positions

Physical attributes related to the post.

Mental health and physique

Affiliation of one job with another job.

FINANCIAL ANALYST :

Job Descriptions

Job Specifications

Analysis of Financial information to forecast economic conditions, industry and business for making investment decisions.

To Illustration of technical reports using spreadsheet and draw chats and graph for top management Team.

Evaluation and the comparative quality of different securities in a given industry.

Understand data that affects investment programs, such as cost, yield, stability, opportunity trends in investment risks, and cost-effective influences.

Maintain information and stay side by side of developments in industrial expertise, commerce, finance, and financial theory.

Monitor essential economic, business, and commercial developments via analysis of information gathered from economic publications and services, investment banking firms, management agencies, trade publications, business sources, and individual interviews.

Masters’ degree in Accounting, Economics or Finance required.

3 years experience in financial analysis. Experience in banking industry a plus.

Accounting/GAAP (Generally Accepted Accounting Principles) understanding.

Superior knowledge of Microsoft Office (especially on Excel & Access).

Excellent Communication skills.

Ability to complete tasks timely and correctly critical.

Strong organizational and analytical skills.

To work sound with others in prompt and energetic environment.

EQUIRTY DEALER:

An equity dealer implements financial expertise and knowledge of securities exchange for the investments in stocks and other equity-related products on financial marketplace. An equity dealer is also an Equity trader.

Job Descriptions

Job Specifications

Responsibility for administration and participate in daily operations of the Treasury task.

Overall managing of front office risk involved in treasury.

Will be involved with financial marketplace dealing, monitor liquidity requirements daily and weekly bases.

Provision of analytical support.

Bachelor’s degree, PGD in business or finance.

Finance degree or investment analysis or economics.

An equity dealer with a risk managing background in a quantitative field such as math, econometrics or statistics.

Having 3 years experience in trading of equities based products i.e. Bonds, Stocks Shares in banking industry.

IINCHARGE/HEAD OF TREASURY OPERATIONS:

Job Descriptions

Job Specifications

To review, observe preparation and manage the well-organized operation of cash and financial services in a manner consistent with the objectives of the Bank.

5-10 years experience for Treasury Settlements.

Supervision of the money market operations on daily bases.

Supervision of F/X transactions.

Processing of Exchange / Revaluation Rates.

Ability to prepare statements for top manager.

Pursuance of international and domestic Investments and local share investments.

Masters degree/PGD in business or finance.

Masters in finance, investment analysis or economics.

At least 3 years experience at supervisory level.

Good people Management skills

OFFICER TREASURY OPERATIONS:

Job Descriptions

Job Specifications

Settlement of Inter-Bank Forex & Money Market Deals.

Daily maturity positions (Inter-Bank Forex & Money Market Deals) for Front Office.

Settlement of Inter-Branch Funds .

Preparation of "SWIFT" Messages for Nostro

Account & Inter-Bank Settlement.

Updation of revaluation rates in system.

To Record Monthly Brokerage bill Paid on

Treasury transactions.

Reconciliation of Nostro accounts with GLs.

Bachelor’s degree/PGD in business or finance.

familiarity with treasury software expertise a plus.

Basic analytical, business, and interpersonal skills.

Basics preadsheet and modeling skills.

Admirable collaboration & communication skills.

Ready to adapt promptly to rapid changes in direction.

Motivated to search for out answers, make ideas, and build up new skills.

FILING OFFICER (CLERK):

Job Descriptions

Job Specifications

Perform usual office duties such as typing, in service office machines, and organization office mail.

Track materials detached from records in order to make sure that borrowed records are returned.

collect materials to be filed from departments and staff.

Arrange or categorize information according to procedure such as content, function, customer criteria or sequential, alphabetical, or statistical order.

Keep report of materials filed or detached, by means of logbooks or computers.

Intermediate from any backgroung.

familiarity with documentation and record keeping of data

Basic working knowledge of computer.

HOW TO ATTRACT APPLICANT:

It could be a great to looking for good candidate in any organization, generally an inherently risky business enterprise. Recruiting people from external is more complex that internal. It is just like selling a marketing product to consumer, many organization uses the below medium to attract applicants:

Newspaper classified ads

Local job fairs

Web/Internet

College-campus recruiting (career /job fair)

Internships program among talents from college students. CITI ADD.jpeg

SHORTLISTING OF CANDIDATE:

There are numerous aspects will need to consider while short listing a candidate few of them are listed below:

It is supposed that information provided in applications give evidences for skills.

Gather some degree of information which matches to selection criteria provided in C.V .

This is a apparent measurement that how a sound candidate fulfills selection criteria

Test general impressions, and sensitive responses aligned with proper criteria as they may be influenced by prejudices;

A planned approach saves member’s (Hiring Team) valuable time.

The basic objective of short listing is to eliminate as many inappropriate candidates as rapidly as possible. Begin with an schema about certain number of applicant that you are willing to interview and carry out your shortlist in stages to make this process as easier listed below steps to:

Set minimum criteria as stage 1 -

Exclude the inconsistent applications as stage 2

Last stage filtering –

Interview –

Be flexible but stick to your criteria –

SELECTION PROCESS:

Selection means to decide the best person from along with the prospective candidates to fill the vacant position in an organization. The achievement of an organization depends on the quality of employees selected for that position. The importance of selection may be judged from the following facts.

Qualifications (Academic)

Qualifications (Professional)

Experiences

Confirmation of competencies

What Information Should an Offer Letter Contain?

Every industry has different requirements when it hires a fresh employee. In spite of company size, industry or type, it's a good proposal to present fresh hires through an offer letter which outlines few critical terms and conditions for employment relationship to set primary expectations, introduce culture and minimize future official risk. To attain a tone that does not turn into "too legal," it's a good plan to include information regarding to some of your organizational policies that reveal your service philosophies and worker programs that the individual may find beneficial. You need to make specially the letters for different group and positions, it will help reduce legal hazard while communicating concerning values and opportunities in the workplace.

C:\Documents and Settings\Administrator\Desktop\citibank.jpeg

P.O. Box 123 • ABC City • XYZ State • 00000

Phone 123-456-7890

March 1, 201x

Address: __________________

________________________

________________________

Dear Mr. /Miss: ____________

JOB OFFER LETTRE

We are happy you have acknowledged the offer of the position of job title at CTIBANK, commencing from start date.

You will be employed within the division (department)/team and your line supervisor will be Mr. (manager’s/Supervisor’s name).

Insert brief, in bullet-pointed descriptions for job here

Your initial salary is $_____ per annum. Salary reviews take place in month. Include in details of any supplementary benefits (e.g. medical or pension) here.

To help you to build up your performance, reviews will take place every quarterly bases, with a official twelve-monthly appraisal that will take place in month each year.

These offers are area under discussion to references. Please give us the names and full details of contact along with two referees.

You will require bringing your identification or other credentials that proves you are entitled to work in this region.

Your holiday privilege is __days annually, along with bank holidays.

Hours of employment are XX hours for each week including XX lunch breaks. Hours of labor may vary, but regular hours are from 9.00am toward 5.30pm

Your trial period is 30 days (90 days is usual). During this tenor we will review your evolution. Any severe issues – on both sides – ought to be raised as they occur.

We attach a job description, which outlines your fundamental role. We’d be grateful if you would agree to accept this offer signed the enclosed copy, finishing the enclosed New member of staff Information form and send them back to us. We will then describe a contract of employ for both parties to sign. Let us know if you comprise any additional questions at this position. We are looking forward to welcoming in our team.

Sincerely,

Your signature

Signed…………………………………. Date……………………………

Mr. / Miss. ________________

Expected Code of Conducts:

Code of conduct is a set of policy outlining the tasks of or correct practices for an entity or organization. Associated concepts consist of fair codes and principle codes.

Conservation secret Information - financial organizations are required to have organizational, technological and material safeguards to look after sensitive customer information.

Ensuring the reliability of report - Internal office information and customer report must be in accurate and well maintained with trustworthiness and integrity.

Providing well-built Controls over resources - All affected persons must fulfill the internal control measures recognized by the institution for the protection of proper reporting and disclosure of financial data.

Providing Candor in Dealing with Auditors, Examiners, and Legal Counsel - All staff members should respond honestly when dealing among internal auditors, and attorneys.

Observing Applicable Laws - Financial institutions work in a highly regulated environment. The Board of Directors/Trustees should ensure that bank management and relevant employees are aware of all applicable laws and regulations. Compliance by the Board and executive officers with the applicable rules governing management in the operation of the financial institution sets a prime example for the conduct and behavior of all employees.

Involving Internal Auditor in Monitoring Corporate Code of Conduct or Ethics Policy - The financial institution should create an effective audit program to monitor the operation of internal controls against self-dealing, conflict of interests and other violations of the Code of Conduct, identify weaknesses, and ensure corrective action is taken.

Providing a Mechanism to Report Questionable Activity - The FDIC suggests that a financial institution consider establishing a hotline or other avenues to allow employees, suppliers, third party service providers and customers to report questionable activity to the financial institution or instances where the Code is not being followed, and to have their concerns addressed in a confidential manner.

Providing Periodic Training and Acknowledgment of Policy - The Code should contain internal requirements for training of staff, the allocation of internal resources to this area, and for the acknowledgment of the Code or Policy by all affected persons. Management should take the opportunity on at least an annual basis to communicate the importance of the Code of Conduct to staff and management's clear expectations of acceptable business behavior by all employees.

Periodically Updating Policies to Reflect New Business Activities - The Code of Conduct should contain internal provisions for periodic review to determine its ongoing viability and applicability; provisions should also be made for the addition of new sections of the Code when circumstances arise, and the re-acknowledgment of the Code following any material revision.