Custody/Escrow Service Officer - New York


: $99,365.00 - $52,930.00 /year *

Employment Type

: Full-Time


: Facility Maintenance

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Officer Title - Level: Assistant Vice President

The Escrow Agent Team and Custody Sales Team in Citi Private Bank?s Preferred Custody Services business has an immediate opening for a junior Product Specialist. This highly motivated, proactive, responsible and reliable individual will work closely with the CPB Escrow and Custody Teams to market, deliver, and service the CPB Escrow Agent and Custody products to clients nationwide.?

Responsibilities for this position include (but are not limited to) the following:

? Working closely with all members of the Escrow and Custody Teams, assist with the daily administration and servicing of the Escrow Agent Product and Custody Product to Private Bank clients nationwide.

? Process and monitor all daily transactions, including wire transfers, check deposits, and cash transfers

? Process/Approve (through WINS) Fed Wires, Internal funds transfers and other Cash movements within set timeliness standards and daily cutoff times.

? Review and process/approve account maintenance requests

? Ensure all securities transactions including RVP / DVP, free receipts and deliveries, global (Non-USD) trades and all other securities related transactions including mutual funds and foreign exchange are processed

? Research/resolve account officer and client inquiries, and interface with Custody Account Officers and Securities Operations on a daily basis

? Support team members and team leader with handling all custody related aspects of CPB relationship

? Ability to work well with other CPB product partners in meeting client expectations

? Client billing and fee processing

? Resolve client inquiries and issues on a timely basis and as accurately as possible

? Direct contact with clients and their attorneys, accountants, third party vendors, representatives, pertaining to requisition payments, call back, etc.

? Interaction with Private Bankers, Banker Associates, Service Officers, and other internal constituents as necessary

? Prepare, maintain and update spreadsheets, calculations, reports and/or special documentation required for specific transactions (complexity can vary from deal to deal)

? Ensure compliance with all legal and regulatory policies and requirements of the Private Bank

? Resolve client inquiries and issues on a timely basis and as accurately as possible through effective and efficient use of Private Bank resource

? Ensure all updates to account documentation are imaged on the Document Management System

? Terminate accounts per terms of the Escrow Agreements or client instructions

Qualifications for this position include the following:

? College degree

? Approximately 4/5 years? experience working in the financial services industry; prior experience with escrow transactions and settlement funds is helpful

? Familiarity with the securities industry - specifically, securities movements, fixed income securities and deposit products

? Technical skills: thorough knowledge and familiarity with Microsoft Word, Excel, PowerPoint and Outlook required; knowledge of Microsoft Access helpful, but not essential

? Project management skills: candidate must be highly organized and efficient; ability to effectively multi-task and adhere to daily time sensitive deadlines is critical

? Analytical skills: the ability to read, comprehend and interpret legal documents and contracts governing escrow accounts is helpful, but not required

? Excellent oral and written communication skills


Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - US


Time Type :


Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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Associated topics: animal care, clean, custodial, custodian, custody, house cleaner, housekeeping, sanitation, sanitize, wash * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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