Securities & Derivatives Sr Manager - VP - Hybrid
Citigroup
**Organization Overview:**
Markets Operations represents the evolution and transformation of Operations in the Finance Industry which creates a uniqueness about how we deliver our products and solutions. We take pride and are passionate about our People and our culture. We are invested in you, your experiences, development, and in building a successful career for you at Citibank. We are modernizing everything we do; allowing flexibility and creating an exciting environment which encourages diversity of thought and inclusion.
We are a dynamic, global, and diverse Organization, with a presence in over 60 Countries; covering all post execution Operations teams including product aligned Middle Office groups, Settlements, Margin, Asset Servicing, Listed Derivative, Clearing & Commodities Operations. We support an extensive range of Capital Markets products and services including Fixed Income (FX, Rates, Credit, Muni, Cash and Derivatives) where Citi is consistently a dominant top 3 player in the market, Equity (Cash, Derivatives, Prime Brokerage, Futures, Listed Derivatives, Clearing and Foreign Exchange Prime Brokerage) where Citi has a significant growth program to continue to build out its capabilities and services; and Syndicates where we support both FI and EQ new issues and IPOs.
Our Operations groups are the core of all activity at the Firm and have significant impact across the lifecycle of a trade. We partner extensively with a range of internal stakeholders such as Front Office Sales and Trading Desks, Compliance, Legal, Finance and HR; alongside having significant interaction with our external client base, playing a key role in the overall client experience. We have a client relationship group dedicated to overseeing service performance and strategic partnerships with top tier clients, where we play a key role in supporting global clients to ensure they have a first-class experience when doing business with Citi.
Our roles entail ensuring we operate in a robust control environment, whilst in a fast-paced workplace. We comply with global regulations and internal policies and adopt a proactive approach to identifying opportunities to reduce risk through the continuous evaluation of our controls; to protect our clients, the firm, and our reputation.
We work closely with our external global peers, partners, and regulators, and play an integral part in leading an agenda at the forefront to optimize and streamline processes and drive strategy across our industry.
**Team/Position Overview:**
Margin & Collateral Optimisation within Markets Operations helps mitigate risk and comply with regulatory requirements, whilst delivering best-in-class capabilities in margin and collateral management, inventory management, risk management and collateral efficiency. The team supports global Markets businesses working across products, regions, and divisions, with a broad range of stakeholders.
Product & Business Development is a new pillar and growing team within the Margin & Collateral Optimisation group. The team is responsible for the design and execution of products and services for Margin & Collateral Optimisation, supporting strategic initiatives, objectives and key results.
**Transformation:**
The Margin & Collateral Optimization Program for Markets is a multi-year investment initiative with a clear transformation objective. The successful candidate will play a pivotal role developing products and services in line with the target operating model; driving collaboration across business and functional groups; designing robust processes and implementing new platforms.
**Key Responsibilities:**
+ **Operate as a senior member of the Product & Business Development team** . Operating as a point-person for the group with deep product and/or service subject matter expertise, with knowledge of front-to-back flows, risk and regulations.
+ **Product Specialist:** perform product development and strategy for a specific product line and/or service ensuring consumer expectations are met or exceeded.
+ **Lead development initiatives** : ensuring comprehensive requirements are defined in line with the overall product/service design. Drive testing and delivery.
+ **Ensure product and/or service developments are well executed:** delivered on time and within budget.
+ **Work effectively with Citi and industry stakeholders** : Partnering closely with key groups such as Technology, Markets business, Operations, Risk other supporting functional groups and vendors.
+ **Provides evaluative judgment** based on analysis of information in complicated, unique and dynamic situations; draws on diverse range of internal and external sources
+ **Demonstrate deep knowledge** of margin and/or collateral optimization.
**People & Culture Agenda:**
+ **Champion diversity and inclusion,** supporting a work environment that allows our People to thrive and excel.
+ **Promote a culture of continuous improvement,** cultivating a robust service and control environment.
**Skills & Qualifications**
+ BA/BS degree preferred.
+ 7+ years’ experience in the following: margin and collateral, with a strong appreciation of margin regulations, securities products, practices and risks, and/or product/service design, execution and delivery of change projects. Preferably at large financial services firm.
+ Strong communicator who is articulate and concise demonstrated success interacting with business, operations and technology stakeholders.
+ Innovative, flexible, collaborative, and proactive; can positively and productively add product impact to both strategic and tactical technology.
+ Thinks logically and is good at problem solving. Result orientated.
+ Able to write clearly and concisely. To present ideas and proposals to senior decision makers without technical jargon.
+ Demonstrate sound judgement and a strong risk management mindset, demonstrated through implementing sound controls and processes.
+ Ability to establish and build trust with professionals throughout the business and other stakeholder groups.
+ Awareness of best practice perspectives, maintaining a balanced and fresh viewpoint.
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**Job Family Group:**
Operations - Transaction Services
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**Job Family:**
Securities and Derivatives Processing
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**Time Type:**
Full time
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**Primary Location:**
Jersey City New Jersey United States
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**Primary Location Full Time Salary Range:**
$129,840.00 - $194,760.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
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**Anticipated Posting Close Date:**
Dec 20, 2024
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Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review **Accessibility at Citi (https://www.citigroup.com/citi/accessibility/application-accessibility.htm)** .
View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .
View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) .
View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
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