At a Glance
- Tasks: Lead a global team in collateral management and drive strategic initiatives for efficiency.
- Company: Join a leading financial services firm focused on innovation and collaboration.
- Benefits: Competitive salary, diverse culture, and opportunities for professional growth.
- Other info: Champion diversity and inclusion while fostering a culture of continuous improvement.
- Why this job: Make a real impact in transforming collateral operations and enhancing financial efficiency.
- Qualifications: Extensive experience in financial services with strong leadership and communication skills.
The predicted salary is between 113400 - 138600 £ per year.
Collateral Optimization Operations in Markets Operations is an expanding team established to deliver best-in-class capabilities in collateral management, inventory management, risk management and collateral efficiency. The team will support global Markets businesses working across products and regions, with a broad range of stakeholders. The objective of the team is to deliver efficient, controlled and scalable collateral funding, allocation and optimization, supporting cost reduction and capital efficiency.
The successful Director candidate will lead the global team performing daily collateral funding, projections and optimization activities and processes in addition to driving the delivery of new efficiency and risk management initiatives. They will work in close partnership with the Collateral, Funding and Liquidity Desks covering both fixed income and equities products and other key stakeholders across Operations, Technology, Markets, Finance, Legal, Risk & Treasury.
Transformation
The Collateral Optimization Program for Markets is a multi-year investment initiative with a clear transformation objective. The successful candidate will play a pivotal role in driving collaboration across groups, developing, and reviewing requirements, developing a target operating model, designing robust processes, and implementing new platforms.
Key Responsibilities
- Oversee daily collateral management and optimization activities such as multiple collateral funding projections, triparty management, collateral realignment, efficient collateral placement to meet exposure, liquidity and regulatory objectives, and drive and deliver key optimization plans and strategies.
- Sponsor and drive key strategic initiatives and programmes and investments as a senior member of the Margin and Collateral Operations leadership team.
- Ensure products and/or services are well designed, ensuring developments are in line with the target operating model and design standards through close partnerships with Margin & Collateral Operations leadership.
- Ensure product and/or service developments are well executed, delivered on time, meeting the stated risk, efficiency, regulatory and commercial objectives, and within time and 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 stakeholders: partnering closely with key groups such as Technology, Markets businesses, Operations, Risk, Compliance, Finance and other supporting functional groups.
- Provide evaluative judgment based on analysis of information in complicated, unique and dynamic situations; draw on a diverse range of internal and external sources.
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. Extensive experience in financial services with specific experience leading transformation or production functions in margin and collateral, with a strong appreciation of margin processes, 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. End-to-end knowledge of margin and/or collateral optimization, including the impacts on liquidity, capital, financial reporting, books and records and securities and margin & collateral practices and infrastructure. In particular deep understanding of collateral flows associated with major triparty collateral service providers.
Strong, influential communicator who is articulate and concise demonstrated success interacting with senior business, operations, and technology stakeholders. Experience articulating broad strategies to senior stakeholders, driving broad-based and high impact implementations. 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. Strong risk and control mindset ability to identify sub-optimal processes, drive robust capabilities with a clear focus on robustness and transparency.
Director – Head of Collateral Optimization, Markets Operations employer: Citibank (Switzerland) AG
Citi is an exceptional employer, offering a dynamic work environment in London that fosters innovation and collaboration. As the Global Head of Client Experience, you will lead a talented team dedicated to enhancing client satisfaction through cutting-edge AI analytics and a client-centric culture. With ample opportunities for professional growth and a commitment to employee development, Citi stands out as a leader in the financial services sector, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Director – Head of Collateral Optimization, Markets Operations
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Citibank (Switzerland) AG. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Director – Head of Collateral Optimization, Markets Operations
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Citibank (Switzerland) AG.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Citibank (Switzerland) AG's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Citibank (Switzerland) AG
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Citibank (Switzerland) AG.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Citibank (Switzerland) AG will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Citibank (Switzerland) AG employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
