Full-Time

Cash & Trade Processing Manager

Posted on 10/29/2024

Citigroup

Citigroup

10,001+ employees

Global financial services and banking solutions

Fintech
Financial Services

Compensation Overview

$78.1k - $117.1kAnnually

+ Incentive Awards + Retention Awards

Mid

Newark, DE, USA

US Citizenship Required

Category
Quality Control & Compliance
Supply Chain Management
Warehouse Operations
Operations & Logistics
Requirements
  • Minimum 2 years supervisory experience required, in lockbox operations environment preferred
  • Customer service and/or multi-shift experience preferred
  • A demonstrated history of effective management and career development skills
  • Strong interpersonal skills and positive peer engagement experience in a diverse environment
  • Strong and effective written and verbal communication skills across diverse audiences and levels
  • Strong “Emotional Intelligence”, or the capacity to recognize, control, and express your own emotions while being empathetic to the emotions of others
  • Must have strong attention to detail and solid time management and organizational skills
  • Demonstrated ability to appropriately respond under pressure and effectively multi-task in a fast paced environment
  • Maintain full understanding of operational processes through training, hands on experience; lead by example
  • Demonstrated ability to be a change agent and embrace new technology in a fast paced, changing environment
  • Ensure schedule flexibility to accommodate 24/7 management coverage needs and off-shift meetings
  • Proficiency in Windows and Microsoft Office required
  • U.S. Citizenship or Permanent Residency (green card) is a requirement for this position
  • Required to pass an extensive background check that is renewed every 5 years
  • High School diploma or GED required
  • BS/BA preferred, or equivalent work experience required
Responsibilities
  • Responsible for managing a team of 25+ staff members that fluctuates based on seasonal volumes; this includes management of Citi direct staff and oversight of Agency staff
  • Recognize the value of our people: Value their differences; help them grow and develop; tap their full potential; treat everyone with respect and dignity
  • In partnership with individual staff members, find creative ways to positively impact his/her career growth and trajectory. Work with peers within and across shifts and sites to identify and develop a diverse and effective talent pipeline for internal mobility.
  • Serve as the primary and first point of escalation for staff members and internal clients.
  • Manage daily production activities of the team including appropriate resource allocation, setting and reviewing performance goals, monitoring functional and shift-level metrics, ensuring all client SLA’s are met
  • Conduct regular monthly 1:1s with each Citi staff member covering progress against goals and individual performance plans, providing coaching and feedback including productivity and quality metrics, attendance metrics, leadership standards achievement, development/training needs and all other aspects of employee management
  • Appropriately communicate organizational information and updates through department and floor meetings, appropriate email/IM, and regular in-person communication
  • Write and deliver detailed mid-year and year-end performance appraisals
  • Appropriately welcome and indoctrinate new hires to organization
  • Reward results - recognize, reward and promote talent based on performance ("the what" and "the how”); highlight people who role model Citi’s Leadership Standards, celebrate exceptional team behavior and outcomes
  • Continually find ways to Be the Best for our Clients
  • Regularly monitor quality reports and eliminate client-impacting defects through coaching and process improvement initiatives
  • Lead root cause analysis review on client impacting concerns, and provide detailed information and proposed solutions regarding findings
  • Participate in all client-facing events as needed
  • Consistently practice the ‘One-Team’ perspective collaborating business decisions within and across shifts
  • Effectively partner across sites and businesses through leadership and active participation in site-wide Task Forces, councils and projects
  • Network/navigate within the organization in order to troubleshoot and resolve escalated issues
  • Attend and actively participate in shift turnover meetings, huddle with POD team to provide updates and daily strategy
  • Through an assortment of communication avenues, maintain frequent, effective and transparent communications with peers, managers and staff across shifts and sites
  • Serve as deputy for the Cash & Trade Senior Processing Manager (VP) and cover for peers within and across shifts as needed
  • Work with internal teams and vendors to understand existing processes and business requirements and aid the successful implementation of new technology and/or products
  • Identify opportunities and lead initiatives to implement process improvements and expense-reduction enhancements
  • Champion at least one task force or committee and provide regular senior management updates with measurable impact
  • Actively lead Lean and Operations Excellence project teams, client projects, or other internal initiatives. Ensure 100% attendance and engagement in Operations Excellence sessions and Citi Lean Training
  • Manage change effectively and positively
  • Conduct team building and morale building initiatives with your team, across shifts and across sites
  • Lead and actively participate in People Strategy efforts across shifts and sites
  • Represent Public Sector Lockbox appropriately in all site-wide initiatives, executive-level tours and community efforts
  • Ensure Adherence to all departmental policies, client requirements, and compliance guidelines within a strictly regulated environment
  • Participate in Audit preparation and review processes
  • Identify control deficiencies, participate in monthly MCA reviews and implement appropriate procedures to mitigate any risk
  • Ensure 100% timely completion
  • Create and monitor appropriate metrics for PODs, shift, site and organization
  • Ensure overall operating efficiency and maintain standards for conduct, quality, performance and productivity and address corrective action when necessary
  • Handle Escalations and provide timely/accurate resolutions
  • Provide required monthly temporary agency reporting and performance comments
  • Increase annual employee satisfaction survey scores and connect culture committees across all sites, sharing best practices

Citigroup provides a variety of financial services to individuals, businesses, and governments around the world. Its offerings include consumer banking, credit, corporate and investment banking, securities brokerage, and wealth management. The company operates in over 160 countries, allowing it to facilitate cross-border transactions and serve a diverse clientele. Citigroup's products work by leveraging its extensive global network and technology to provide efficient banking solutions, generating revenue through interest on loans, service fees, trading, and investment management. What sets Citigroup apart from its competitors is its strong focus on sustainability and social responsibility, demonstrated through its investments in environmental, social, and governance (ESG) initiatives. The company's goal is to create a positive financial and social impact while achieving growth and profitability.

Company Stage

IPO

Total Funding

$59.8M

Headquarters

New York City, New York

Founded

1812

Growth & Insights
Headcount

6 month growth

12%

1 year growth

12%

2 year growth

1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Citi's investment in Pylon enhances access to institutional-grade mortgage products.
  • The $50 million social financing supports Colombian SMEs, expanding Citi's market reach.
  • Citi's £200 million debt funding for iwoca boosts SME growth in Europe.

What critics are saying

  • Increased competition from fintech companies like Pylon and Capitolis.
  • Citi's investment in SeQura may risk returns if expansion fails.
  • Integration with Pylon's platform could expose Citi to operational risks.

What makes Citigroup unique

  • Citi operates in over 160 countries, offering a vast global network.
  • The company integrates technological innovations to deliver efficient banking solutions.
  • Citi's commitment to ESG initiatives sets it apart in the financial services industry.

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