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- Tasks: Join Citi's team to negotiate collateral schedules and optimise financial operations.
- Company: Citi is a global financial institution focused on responsible growth and client service.
- Benefits: Enjoy hybrid work, generous holidays, competitive salary, and extensive employee perks.
- Why this job: Develop your skills in a dynamic environment while making a positive social impact.
- Qualifications: BA/BS preferred with experience in collateral management and strong communication skills.
- Other info: Citi promotes a diverse workplace where everyone can thrive.
The predicted salary is between 43200 - 72000 £ per year.
Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in collateral management and document negotiation to Citi's Collateral Schedule Negotiations Team. By joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
Team/Role Overview
Collateral Optimization Operations in Markets Operations is a newly formed growing team that supports global Markets businesses working across products, regions, and divisions, with a broad range of stakeholders. The objective of the team is to deliver efficient, controlled, and scalable collateral optimization, supporting cost reduction and capacity growth. The Collateral Schedule Negotiations team undertake the negotiations of eligible collateral profiles for uncleared derivatives. This includes both bilateral and triparty arrangements. The group maintain and update negotiation templates, ensuring compliance with applicable regulations. Additionally, the schedules need to align with credit risk tolerances, collateral optimization objectives and operational capabilities.
What you'll do
- Demonstrate and develop knowledge of collateral definitions and regulations surrounding uncleared derivatives margin regulations.
- Provide white glove client service by facilitating a seamless negotiation and execution experience of collateral schedules.
- Ensure processes are well designed and implemented, with sound governance, procedures, workflows and controls. Drive best practices.
- Participate in transformation initiatives driving risk reduction, cost reduction, client service excellence & revenue opportunities.
- Partner closely with key stakeholders such as Legal, Operations, Technology, Client Onboarding, Markets businesses, and risk functions.
- Help develop talent, support their growth, and promote a culture of continuous improvement by cultivating a robust service and control environment.
What we'll need from you
- BA/BS degree preferred
- Relevant experience in: Agreement Management, CSA and Eligible Collateral Schedule Negotiations, Client Onboarding, Derivatives Confirmation Drafting, Collateral and Margin Management, with a strong appreciation of uncleared margin regulations, securities products, practices, risks, and regulations.
- Familiarity with triparty collateral management platforms
- Experience in a sensitive client-facing role
- Strong attention to detail
- Effective communicator
- Strong risk management mindset
- Collaborative, proactive, influential, results orientated leader who can provide a positive impact through both strategic and tactical delivery
What we can offer you
This role offers the opportunity to build an in-depth knowledge of financial services operations. Every day there will be new business challenges that will help you develop new skills that can drive your career. We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.
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:
- Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
- A discretional annual performance related bonus
- Private medical insurance packages to suit your personal circumstances
- 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.
Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.
Contact Detail:
Citi Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Collateral Schedule Negotiations - Vice President - Citi
✨Tip Number 1
Familiarise yourself with the latest regulations surrounding uncleared derivatives and collateral management. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals already working in collateral management or related fields. Attend industry events or webinars to connect with potential colleagues at Citi, as personal referrals can significantly boost your chances of landing an interview.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed client relationships in sensitive roles. Highlighting your experience in providing exceptional client service will resonate well with the expectations for this position.
✨Tip Number 4
Showcase your collaborative skills by preparing to discuss past experiences where you worked closely with cross-functional teams. Emphasising your ability to partner with stakeholders like Legal and Operations will align with Citi's focus on teamwork.
We think you need these skills to ace Collateral Schedule Negotiations - Vice President - Citi
Some tips for your application 🫡
Understand the Role: Before applying, take the time to thoroughly understand the responsibilities and requirements of the Collateral Schedule Negotiations - Vice President position at Citi. Familiarise yourself with collateral management, document negotiation, and uncleared derivatives margin regulations.
Tailor Your CV: Make sure your CV highlights relevant experience in agreement management, client onboarding, and collateral management. Use specific examples that demonstrate your skills in these areas, particularly any experience with triparty collateral management platforms.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Mention how your background aligns with Citi's mission and values, and how you can contribute to their goals in collateral optimization.
Highlight Soft Skills: In your application, emphasise your communication skills, attention to detail, and collaborative mindset. These soft skills are crucial for a sensitive client-facing role and will help you stand out as a candidate who can drive best practices and foster strong stakeholder relationships.
How to prepare for a job interview at Citi
✨Know Your Collateral Regulations
Make sure you brush up on your knowledge of collateral definitions and the regulations surrounding uncleared derivatives margin. Being able to discuss these topics confidently will show that you're well-prepared and understand the complexities of the role.
✨Demonstrate Client Service Skills
Since this role involves providing white glove client service, be ready to share examples of how you've facilitated seamless negotiations in the past. Highlight your ability to manage sensitive client relationships effectively.
✨Showcase Your Attention to Detail
Given the importance of accuracy in collateral management, prepare to discuss how you ensure precision in your work. Bring examples of how your attention to detail has positively impacted previous projects or negotiations.
✨Emphasise Collaboration and Leadership
This position requires working closely with various stakeholders. Be prepared to talk about your collaborative experiences and how you've led teams or initiatives to drive results. Show that you can influence others and promote a culture of continuous improvement.
