Securities & Derivatives Group Manager - C14 - JERSEY CITY (Hybrid)

The Securities & Derivatives Group Manager is a senior management level position responsible for accomplishing results through the management of a team or department in an effort to process orders and transactions originating from trading desks and branch offices in coordination with the Operations - Transaction Services team.The overall objective of this role is to ensure the seamless delivery of securities and derivatives transactions.

Responsibilities:

• Manage a complex critical large professional disciplinary area within securities or derivative settlement, short- to medium-term planning of actions and resources, and exercise control over resources, budget, policy formulation and planning
• Serve as an analytical and/or procedural expert in the settlement cycle while supporting a wide range of internal and external clients
• Manage complex and variable settlement related issues, liaise with multiple teams and departments on varying matters, define problems, develop innovative solutions, streamline processes and lead change-the-bank settlement projects
• Closely follow trends in the industry, identify cost savings opportunities and build effective relationships with clients and key stakeholders
• Increase productivity and efficiencies by presenting data and analyzing validates to develop added solutions and oversee the integrity of process, operations and end results
• Assist with overseeing the risk control environment, compliance efforts to follow policies and procedures and keep abreast of Citi's operational processes and best practices in business strategy
• Filter, prioritize and validate potentially complex material from multiple sources, including external clients and internal operations groups
• Serve as an advisor and coach to new or junior level staff on procedures and work processes across multiple departments
• Appropriately assess risk when business decisions are made, demonstrating particular 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 behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications:

• 10+ years of relevant experience
• Senior to advanced level experience in a related role with commensurate experience in people management preferred
• Experience in management with Banking and Financial Institutions preferred
• In-depth understanding of opportunities that exist within Financial Services and significant experience in Corporate Banking
• Demonstrated success coordinating with senior leadership and in managing others
• Proven ability to manage various concurrent activities/projects in a high-risk environment
• Effective project management and negotiation skills
• Consistently demonstrated clear and concise written and verbal communication
• Required Licensing/Registration: Series 7, Series 9, Series 10, Series 63

Education:

• Bachelor’s degree/University degree or equivalent experience
• Master’s degree preferred

Senior Vice President – Product & Business Development, Margin & Collateral Optimization – Markets Operations

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 Optimization 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 Optimization group. The team is responsible for the design and execution of products and services for Margin & Collateral Optimization, 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 leader of the Product & Business Development team. Operating as a senior 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 Owner: lead product development and strategy for a specific product line and/or service ensuring consumer expectations are met or exceeded.

• Ensure products and/or services are well designed: ensure developments are in line with the target operating model and design standards, through close partnerships with Margin & Collateral Optimization leadership.

• Ensure product and/or service developments are well executed: delivered on time and within budget.

• Drive key transformation initiatives: Lead and deliver work efforts driving risk reduction, cost reduction, client service excellence and revenue opportunities.

• 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.

• Coaching and Mentoring: Develop our talent, support their growth.

Skills & Qualifications

• BA/BS degree preferred.

• 10+ 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 large strategic change programmes. Preferably at large financial services firm.

• Strong, influential communicator who is articulate and concise demonstrated success interacting with senior business, operations and technology stakeholders.

• Innovative, flexible, collaborative, and proactive; a leader who 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 as a leader, advisor and business partner to the organization with a clear client orientation.

• Strong awareness of both external and internal best practice perspectives, maintaining a balanced and fresh viewpoint.

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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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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.

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