Associate - Capital Management

Financial Reporting & Regulatory Reporting Toronto, Ontario


Associate - Capital Management

Toronto, Canada


About Citco

Citco is a global leader in fund services, corporate governance and related asset services with staff across 80 offices worldwide. With more than $1 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs.

For more information about Citco, please visit

About the Team & Business Line:

Citco Bank provides fully integrated transaction, deposit, foreign exchange and credit facilities to our Fund Services and Governance Services clients. Operating in strategic global centres Citco Bank provides access to best of breed process and technology.

As a core member of our Capital Management team, you will work closely with internal stakeholders and cross-functional teams to minimize operational risks and ensure our clients experience seamless delivery across banking services.

The Associate Capital Management is a member of the Capital Management department, which is responsible for compliance with prudential regulatory reporting Basel III & Basel IV requirements across Citco Group’s Banking Services Division consisting of four banks in six locations. The main focus for the position is Citco Bank Canada, also supporting other locations in the same time zone. The position reports directly to the Lead Capital Management in Americas.

The Capital Management department is a team of specialists that deals with all requirements from Basel III & Basel IV and related prudential regulatory, management and financial reporting requirements. As an Associate in the team you will primary advise and support on the interpretation of Basel III and Basel IV prudential requirement (incl. those for the regulatory reporting purposes), internal capital and liquidity models, new products and be actively involved in the maintenance of compliance to key prudential ratios. The department manages and demonstrates ongoing compliance with Basel III and Basel IV regulations and their implementation across the Citco Banks.

The Capital Management department cooperates with stakeholders like Management, Finance, Treasury and Risk Management on analyzing, designing and implementing the design of the reporting chain to competent authorities. This includes participation in the ICAAP and ILAAP processes, Disclosure requirements and close alignment to Regulatory Reporting and the Enterprise Risk Management Framework.

This position offers a possibility to gain broad experience within the Capital and Risk management and prudential regulatory compliance domain and specifically in the area of Basel (capital and liquidity requirements for banks), as adopted by local regulators, as well as data analysis. As part of the Capital Management team, you will identify areas of attention for Citco Banks and initiate the solution and implementation.

Your Role:

  • You will maintain core capital ratios (Capital adequacy, Liquidity adequacy, leverage and large exposure).
  • Prepare Management Reporting to the relevant Management Board or Risk Committees
  • Support Management from prudential side on key decision and business developments
  • Provide support to Treasury functions on investment decisions
  • Support and consult with the Regulatory Reporting team, Finance and Risk Management
  • Maintain daily monitoring metrics, align within the group and manage on an ongoing basis compliance to the internal and regulatory limits
  • Support processes such as Pillar 3 Disclosure and ICAAP
  • Interpret and implement new capital regulatory requirements, as translated in local regulation for all main risk types (credit, market, operational, liquidity risks, interest rate risk in the banking book, leverage ratio and large exposure)
  • Monitor and update these requirements with new consultations, guidelines, standards and regulations on an ongoing basis by performing a detailed review and impact analysis of each requirement
  • Develop and provide work instructions, training and support for the Regulatory Reporting Team
  • Support the automation level of Capital Management core processes (incl. ratios monitoring, as well as regulatory monitoring)
  • Support the team in different locations
  • Work with the various Subject Matter Experts across the banks to ensure enterprise wide compliance
  • Provide specific topic based trainings for the organization on the topics within Capital Management
  • Communicate effectively and efficiently with relevant internal and external parties; and
  • Any other business related tasks assigned by Head of capital Management or Bank Management


About You:

  • You have an academic background and working level
  • Master’s degree in law, economics or business administration or country equivalent in a related discipline
  • Minimum 2 years of experience in financial service industry, consultancy or audit
  • Multitasking and stress resistance
  • Capable to deal with complex matters
  • Strong communicative and interpersonal skills
  • Excellent communication skills, both verbal and written (In English)
  • Ability to work independently and also to liaise with other departments
  • Research and analytical skills
  • Good knowledge of Microsoft office applications
  • Hedge fund industry and/or Trust business experience would be an advantage


Our Benefits

Your well-being is of paramount importance to us, and central to our success. We provide a range of benefits, training and education support, and flexible working arrangements to help you achieve success in your career while balancing personal needs. Ask us about specific benefits in your location.

We recognize diversity as a source of organizational pride and strength. We have made it a priority to reflect our nation’s evolving diversity in the people we hire, and the culture we create in our organization.

Citco welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection.