Senior Futures Product Developer, Director (Hybrid)

Are you interested in a role that will require you to use your product expertise to help conceptualise and use innovative thought process to design and create a product vision. You will be expected to proactively follow market, industry, and client trends in your field of expertise.

The successful candidate will be part of a post trade business Product Development team focused on Derivatives Clearing (FX Prime Brokerage (FXPB), Over the Counter (OTC) and Futures) products and projects, with a strong futures focus. You will own the product roadmap and be responsible for providing strategic direction and business input on platform initiatives, focusing on deliverables that drive business growth and serve client interests while adhering to internal and regulatory policies.

The individual, as part of the Product development team, will act as the key link between Client facings teams, Product Managers, Operations, Technology and Control functions.

What you will do will be varied day to day, but the key drivers for the role are:

• Drive product development in key strategic business focus areas such as connectivity to new clearinghouses, rollout of new products, client tools, margin and treasury workflows, and market structure changes.

• Work closely with Operations Change Management to lay out operational process flows, establish roles & responsibilities, identify control gaps, and ensure that all the non-technical deliverables that make a successful product release are covered; and with Technology to produce detailed product roadmaps outlining quarterly deliverables and provide inputs on project plans and implementation approach.

• Define problem statements and prepare detailed concept definitions with input from Citi SMEs, deliver/review business requirements for Product Development, ensuring that a structured approach to market analysis is adopted, commercial judgement exercised, and requirements are agreed by all key stakeholders.

• Work effectively with clients to better understand their needs, service pain-points and collect feedback on planned new product features.

• Define, produce, and promote post trade products efficiently and effectively and look to challenge operational inefficiencies, drive continuous process improvement, and champion new ways of working to improve productivity and client service metrics.

• Assess new enhancement requests and prioritize according to Criticality, Effort and Resourcing levels. Oversee testing, release, and support process.

• Generate product awareness among users, working closely with client facing Sales and Client Executive teams.

• Appropriately assess risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency. Be familiar with and adhere to Citi’s Code of Conduct and the Plan of Supervision for Global Markets and Securities Services

What we will need from you:

• You will have significant experience related to business analysis and product development experience within a Futures & Options Clearing environment, with experience in all aspects of trade and position lifecycle.

• Technical and operational understanding with sufficient knowledge to steer platform design and deliverables that touch the following areas:

  • Trade booking models – double sided trade booking, inter-regional booking, omnibus booking.

  • Permitted products rules for trading/clearing – CFTC/SEC rules around permitted non-US products for US persons.

  • Position management – position closeout methods for distinct types of customer accounts (standalone, subaccounts with a common owner & controller, corporates who require instruct accounts, omnibus customers) in internal books and position balance vis-à-vis external counterparties (Clearing houses, Brokers).

  • Margin workflows – margin call management, cash and collateral settlement, collateral haircut application, ISA compliance for excess cash/ collateral.

  • Treasury workflows – excess/deficit computation for cash and collateral, collateral booking models, interest received vs posted and interest data capture.

• You will have knowledge of referential data systems (account, security, price) and the ability to advise on appropriate reference data usage in trade flows and position management.

• Deep knowledge of account structures including customer, proprietary, broker, affiliate, and experience in designing and implementing account structures that meets business needs and regulatory requirements.

• Familiarity with global regulatory regimes and regulatory requirements with experience implementing systems, processes to support the regulatory framework: large trader, open interest reporting requirements for futures and options clearing and client money rules.

This role will appeal to the intellectually curious and analytical who are comfortable working with multiple, complex, and incomplete data set using data to craft compelling narratives. These, they will then need to communicate effectively at all organizational levels, both written and verbally, with a desire to contribute to discussions around process improvement and system enhancements.

What we will provide you:

By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:

• 27 days annual leave (plus bank holidays)

• A discretional annual performance related bonus

• Private Medical Care & Life Insurance

• Employee Assistance Program

• Pension Plan

• Paid Parental Leave

• Special discounts for employees, family, and friends

• Access to an array of learning and development resources

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self, every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

If you are actively working with clients, have a passion for relationships and want to be part of a successful global franchise – then apply today.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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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.

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