Citibank is the number one American Bank providing
global Wholesale and Retail Banking. Citibank by its size and trading
volume is number one in Foreign Exchange(FX) Trading and the first
dollar liquidity provider of the world.
Sarah Hill undertook the redesign of the Citibank
Front Office FX trading systems to incorporate the introduction
of Euro Trading across all the Citibank Global sites, including
managing the implementation of the changes and the necessary business
process changes required to support the new global Euro Trading
positioning and trading. This necessitated the simultaneous roll-out
and integration testing of all systems and processes across the
global sites.
Following on from the success of the Euro conversion
she was retained to take Citibank into the new 'Continuous Linked
Settlement' (CLS) system for Foreign exchange. Working with front
office, Settlements and Treasury, Sarah redesigned all the trading
and settlement systems to support the revolutionary Global settlement
system. Working across all the banking disciplines she managed the
implementation and necessary business process change to implement
the systems and new business processes.
CLS implementation necessarily included the design
and implementation of a complete CLS settlement system in liaison
with all the leading global exchange banks.
The critical nature of the global continuous settlement
system, required completely robust systems and business processes
to be put in place that supported 24 by 6.5 resilience with 20 minute
fail over recovery.
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