VP – Spread Products Financing & Securitization Business Manager

Job Description

Spread Products Financing & Securitization (SP F&S) business provides capital to our clients through liquidity and innovative solutions across the credit and securitized markets. SP F&S activities include origination, structuring, investing and lending across products including corporate, asset-backed and mortgage-backed securities, collateralized loan obligations and derivative instruments. SP F&S also provides underwriting, securitization, project financing, warehouse lending, commercial, residential and affordable housing financing.

The SP F&S Business Manager is a senior level position within the Citi Markets COO organization, responsible for working closely with the Spread Products business heads in accomplishing and delivering on targeted execution strategies. The VP candidate will drive the overall management activities of the business working in partnership with other stakeholders across Risk, Finance, Legal, Compliance, Regulatory and other verticals. The primary responsibilities will include addressing ongoing business concerns and ensuring that the business is operating at an optimal level.

Responsibilities:

• Work closely with business heads and relevant stakeholders on ongoing business operations and deploying new business strategies.
• Drive administrative, operational, reporting and quality improvements for the business working closely with other stakeholders
• Lead on internal and external audit reviews and inquiries and oversee delivery on corrective action plans.
• Manage financial control by applying a comprehensive understanding of the department Profit & Loss (P&L), including appropriate accruals, client allocations, the impact of capitalization, recovery and fixed price contracts in order to improve operational efficiency and productivity
• Partner with other Business Managers to deliver on business strategies and be a mentor junior members of the COO organization
• Oversee for all cross-product technology, regulatory and administrative duties in conjunction with the business, including financial, staffing, quality, risk and regulatory matters
• Work with Product Development and Technology teams to enhance and deliver on business strategies.
• Ensure headcount is accurate, real estate is inventoried and planned, and onboarding and termination of resources are managed
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citi, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Citi policies, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:

• 6-10 years of experience in financial services
• Experience working in global and complex settings with multiple stakeholders
• Knowledge of loan origination and capital markets.
• Knowledge of the financial services industry and technology, including Profit & Loss (P&L), accruals, client allocations, capitalization, recovery and fixed price contracts
• Proven ability to work in a team of diverse skill sets and cultures
• Proven ability to work in high-pressure, time-sensitive environments
• Consistently demonstrate clear and concise written and verbal communication

Education:

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

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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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