Citigroup is staffing up for a new center that will unleash robotics throughout the bank (C)

pulse

July 17, 2017 4:27 PM

Citi is set to launch a new automation center.

Citigroup is staffing up for the robotic revolution.

The New York-based financial services giant has plastered online jobs boards advertising roles at a new automation center that will deploy new robotic technology throughout the bank.

Mark Costiglio, a Citi spokesperson, declined to comment on the matter.

The so-called Smart Automation Centre is looking for staff in at least five cities including Tampa, London, Singapore, New York and Budapest.

"The Smart Automation Centre will be responsible for partnering with our businesses and functions across Citi to ensure all the elements are in place for the rapid deployment of Robotics and other related technologies," according to one ad on the firm's talent search engine.

The bank is seeking talent spanning the seniority spectrum from junior engineers to senior vice presidents. The positions require varying levels of tech expertise, but the bank wants the center's employees to fit a very specific cultural mold.

A recent report by FIS, the global financial technology provider, identified automation as a critical growth lever for Wall Street firms.

"Driven by margin pressures and regulatory changes, institutions across the financial services industry have been working to deepen the automation of the transaction lifecycle for the last few years," the report said.

Business Insider's Oscar Williams-Grut recently visited UBS' London office where they are developing a software program that automates some "boring" aspects of trading.

"These are all tools that belong to 2017 and beyond," Beatriz Matin-Jimenez, ctold Business Insider."We believe this is the way banks are going to be more than ever."

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