Structured Bank Finance Analyst- Citi

Below is the job description. Could this lead to a job in trading or IB?

Structured Bank Finance Analyst-11032119 Description

Structured Bank Finance is a global team within Capital Markets Origination (CMO) that structures and invests in financial assets and liabilities and runs a trading book in REMIC residual interests and other securities where tax, accounting, regulatory and other features are more complex and prominent than usual. The group primarily acts as principal (occasionally as advisor) with various professional counterparties. Additionally, because the transactions are highly complex involving multiple disciplines, the group works closely with both internal and external tax, accounting, regulatory, legal, financial control, CMAC and other groups.

The team consists of four experienced professionals in New York and five in London. The New York team is seeking a person to join the team to provide support in closing and post-closing transaction management. The position involves a significant level of client and support group interaction. In addition to gaining an appreciation for the standard elements of finance, the candidate will acquire specialized knowledge in tax, accounting, regulatory, legal, credit structuring and capital markets, and will have an intellectually stimulating and diverse experience.

Responsibilities include:

•Trading assistance to the REMIC residual trading book.
◦Using the group's proprietary pricing model to form bids for securities ◦Assisting in developing a bid and sale strategy ◦Coordinating the transfer of securities ◦Assisting in managing a significant portfolio of securities ◦Interacting with multiple clients, business control functions, preparing monthly reports, reconciling information with trustees •Management of structured assets and liabilities.
◦Coordinating with operations areas of Citi and counterparties to make sure that transaction closing, booking and funding occurs smoothly ◦Transaction accounting and reporting ■Reconciling transaction on relevant systems ■Projecting and reconciling financial results with financial control ■Preparing periodic transaction reports for and answering information requests from management, credit, tax, financial control, compliance, regulatory and other internal areas ■Coordinating preparation and verifying correctness of financial statements and other reports for entities involved in the transactions ◦Legal entity management (approvals, corporate formation, board meetings and resolutions) ◦Transaction cash management ■Bank account set-up and reconciliation ■Coordinating wire transfers and settlements ■Performing rate resets and payment calculations ■Reinvestment of excess funds and internal borrowing of shortfalls •Structuring support ◦Assisting in the design of profitable transactions and trading strategies that utilize a sophisticated understanding of US and foreign tax, regulatory, accounting and other rules as well as credit structuring, hedging, placement, funding and other commercial knowledge.