At a Glance
- Tasks: Lead the global Sovereign Advisory team and drive innovative financial solutions for public sector clients.
- Company: Join Citi, a leading global bank with a commitment to diversity and inclusion.
- Benefits: Competitive salary, flexible work hours, and opportunities for professional growth.
- Other info: Dynamic role with global reach and collaboration across multiple regions.
- Why this job: Make a real impact on global economic policies and work with top-tier professionals.
- Qualifications: Advanced degree and 15-20 years of experience in banking or finance required.
The predicted salary is between 148500 - 181500 £ per year.
About the Role
Corporate Banking is seeking a Managing Director who will serve as a senior leader of the Sovereign Advisory function within Public Sector Banking (PSB). The PSB serves the financial services needs of Citi's government and public sector clients across the NAM, LATAM, EMEA, and APAC regions. The MD position will be based in New York or London and will lead the Sovereign Advisory team globally, driving the delivery of client rating and debt advisory and advisory-linked solutions in close coordination with regional and product partners across all geographies. Sovereign Advisory is fully integrated with the PSB client strategy and Citi's PSB Sovereign Advisory strategy at a global level. The Sovereign Advisory function is structured to work closely with every product group at Citi, allowing the MD to shape and influence diverse financial strategies and maintain a broad, firm-wide perspective.
Core Responsibilities
The scope of work is global, encompassing all regions in which PSB operates, and focuses on leading the assessment, monitoring, and management of structural, macroeconomic, financial, and high-frequency data to understand, analyze, and forecast economic policy and fiscal/debt sustainability trends worldwide. The MD will advise on and customize Citi solutions for PSB clients across sovereign, multilateral, and public sector segments. The work of the MD will consist, on the advisory side, of leading a wide variety of complex projects requiring macroeconomic analysis, sovereign credit, and political risk assessment, as well as sovereign debt sustainability analysis. The MD will contribute to originating episodic transactions and will drive client relationship business through targeted sovereign advisory at the most senior levels.
Key Responsibilities Include:
- Strategic Leadership: Lead the global Sovereign Advisory function, setting strategic direction in alignment with PSB and Citi's broader public sector strategy.
- Client Coverage: Act as a senior resource for country, coverage, and product bankers on RfPs and transaction-related work such as due diligence, data, and scenario analysis.
- Rating Methodology Expertise: Deep understanding of Sovereign and MDB/Supranational rating methodologies, as well as of the linkages between sovereigns and state-owned entities (SOEs) that impact rating assessments, is expected at this level.
- Business Management: Lead strategic revenue analysis and franchise reviews in partnership with the Global Head of PSB and senior leadership. Oversee preparation of materials for Citi's most senior executives to present and speak at global events and conferences on government financing and public sector topics, requiring seamless coordination across regions and time zones.
- Cross-functional Collaboration: Partner with every product group at Citi globally to deliver integrated, bespoke solutions for sovereign and public sector clients.
Qualifications
Work Experience and Academic Qualifications: Advanced degree (Master's or PhD) with a strong quantitative background and thorough understanding of Economics, International Relations, Finance, or Public Policy Studies. Minimum 15-20 years of progressive professional experience in Banking, Fixed Income, Emerging Markets Debt (research, sell-side/buy-side), or Rating Agencies, with demonstrated leadership at a senior level. Prior experience working for a multilateral agency or international financial institution (e.g., IMF, World Bank, BIS, Central Bank) is highly valued. Proven track record of originating and executing sovereign advisory transactions and managing senior client relationships across multiple regions. FINRA licenses (SIE, S79, S63, S24) - if New York based.
Skills and Competencies: Deep expertise in global macroeconomic and policy challenges, geopolitics, and economic development across Emerging and Developed Markets, with a comprehensive understanding of the Public Sector Industry. Demonstrated leadership in employing quantitative modeling and research skills to drive economic and market analysis at a global scale. Fluency in English is required; proficiency in another major language is an advantage given the breadth of global coverage. Advanced proficiency in Microsoft Office; experience with Haver, Bloomberg, and other financial data platforms is expected. Exceptional strategic and project management capabilities with strong analytic and financial acumen; ability to manage complex, multi-stakeholder engagements across regions and time zones simultaneously. Outstanding interpersonal and leadership skills, with the ability to inspire and lead teams, while also engaging and influencing a broad group of Citi professionals and senior external stakeholders. Flexibility with work schedule, including the ability to work across multiple time zones to support a global client base.
Wanted: Managing Director, Global Sovereign Advisory, Public Sector Banking (PSB) employer: Citigroup, Inc.
Citi London is an exceptional employer, offering a dynamic and inclusive work environment that fosters innovation and collaboration. With a competitive salary, generous annual leave, and a hybrid working model, employees enjoy a healthy work-life balance while having access to extensive learning and development resources. As a key player in the Equity Derivatives Technology team, you will have the opportunity to lead impactful projects and grow your career within a globally recognised financial institution.
