Transaction Expense Efficiency Analyst

Job Overview

Transaction Expense Efficiency Analyst

Are you looking for a career move that will put you at the heart of a global financial institution?

By joining Citi, you become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

The Business Expense Transparency group is a global function with the mandate of optimizing transaction expenses and implementing best‑in‑class expense management practices.

The team has a strong presence in NAM, EMEA and APAC and examines all areas of the expense base, including supply management, demand management, expense reporting, analysis and control, expense system developments and data transparency.

The team consists of three main disciplines:

• Category Management & Expense Efficiency – focused on identifying savings initiatives and leading/driving these forward.
• Trade Expense Analytics – responsible for producing trading expense analytics to facilitate transparency & ultimately reduce expenses.
• Financial Reporting & Operations – accounting, control and payments processing of brokerage, clearing & exchange fees.

The main challenge of the role is to gather the information necessary to develop P/L, cash impact reports, and ensure expenses are accurately aligned to the firm’s financial accounts. Candidates must be flexible enough to work under direct supervision while demonstrating individual initiative.

The candidate will work across multiple groups and regions, communicating with individuals within the front office, operations, technology, finance and third‑party providers.

• Work directly with business stakeholders to identify and execute cost‑reduction and usage‑optimization strategies around brokerage, clearing and exchange fee expense lines.
• Develop trade analysis, metrics and reporting to enhance transparency into product‑ and instrument‑level usage and expense trends.
• Support control processes to ensure expenses are accurately validated and reflect business economics and adhere to standardised controls (payments, reconciliations, expense allocations).
• Liaise with finance and operations teams across regions to ensure expenses are accurate by business and region.
• Support processes to ensure BCE expenses align with the firm’s trading activity (general ledger investigations, monthly accruals, prepayments and reconciliations).
• Participate and lead expense review meetings with trading desks, business CAOs and finance colleagues to discuss actual expense results against plan and historic trends.

• Prepare monthly reports analysing BC&E expenses by division, region and expense line.
• Lead expense review meetings with trading desks, business CAOs and finance colleagues to discuss actual expense results against plan and historic trends.
• Revamp existing allocation and accrual processes in partnership with operations, business CAO’s and trade level analytics team.
• Participate in projects to develop enhanced accrual accuracy and invoice reconciliation processes via integration of the Var Citi trade analytics system into month‑end activities and reporting.

• Support the overall BC&E control process, working closely with the CoE; reviewing monthly accruals, payments made to financial accounts and expense line variance.
• Support operating and administrative functions at the CoE site in Chennai, including but not limited to BCE invoice approvals and new BCE vendor approvals.
• Participate in development and integration of BC&E systems via AI and automation.
• Gain in‑depth exposure to capital markets and investment banking activities, including products traded, life cycles of trades and key market participants for various products.
• Opportunity to develop multi‑product knowledge across all asset classes and businesses.
• Exposure to all areas of the front office, including traders, trading managers, business unit managers and CAOs.

• Strong experience preparing management reports for a diverse group of users, including business managers and senior management.
• Understanding of…