At a Glance
- Tasks: Lead product development and strategy in a dynamic financial environment.
- Company: Join Citi, a global leader in financial services with a commitment to innovation.
- Benefits: Enjoy flexible working, generous holidays, private medical insurance, and a competitive salary.
- Why this job: Shape the future of operations while making a positive impact on communities.
- Qualifications: BA/BS preferred; experience in margin and collateral management is a plus.
- Other info: Citi promotes a diverse and inclusive 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 analysis, problem solving and communication to Citi's Markets Operations 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
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 Organisation, 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 Operations 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 Operations group. The team is responsible for the design and execution of products and services for Margin & Collateral Operations, supporting strategic initiatives, objectives and key results.
Transformation:
The Margin & Collateral Operations 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.
What You'll Do
- Operate as a senior member of the Product & Business Development team.
- Operating as a 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 Specialist: perform product development and strategy for a specific product line and/or service ensuring consumer expectations are met or exceeded.
- Lead development initiatives: ensuring comprehensive requirements are defined in line with the overall product/service design.
- Drive testing and delivery.
- Ensure product and/or service developments are well executed: delivered on time and within budget.
- 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.
- 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.
What we'll need from you
- BA/BS degree preferred.
- Relevant 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 change projects. Preferably at large financial services firm.
- Strong communicator who is articulate and concise demonstrated success interacting with business, operations and technology stakeholders.
- Innovative, flexible, collaborative, and proactive; 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, through implementing sound controls and processes.
- Ability to establish and build trust with professionals throughout the business and other stakeholder groups.
- Awareness of best practice perspectives, maintaining a balanced and fresh viewpoint.
What we can offer you
This is a role that'll offer you the opportunity to shape the future of Margins and Collateral operations at Citi. 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.
VP (Operations) - Citi employer: Jobs via eFinancialCareers
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StudySmarter Expert Advice 🤫
We think this is how you could land VP (Operations) - Citi
✨Tip Number 1
Familiarise yourself with Citi's core values and mission. Understanding their commitment to client service and operational excellence will help you align your responses during interviews, showcasing how your experience fits into their culture.
✨Tip Number 2
Network with current or former employees of Citi, especially those in the Operations department. They can provide valuable insights into the company culture and expectations, which can help you tailor your approach when discussing your fit for the role.
✨Tip Number 3
Stay updated on industry trends related to margin and collateral operations. Being knowledgeable about recent developments and regulatory changes will demonstrate your proactive approach and expertise during discussions with interviewers.
✨Tip Number 4
Prepare to discuss specific examples of how you've driven transformation or innovation in previous roles. Highlighting your ability to lead change initiatives will resonate well with Citi's focus on modernising their operations.
We think you need these skills to ace VP (Operations) - Citi
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in margin and collateral operations, as well as your understanding of financial regulations. Use specific examples that demonstrate your problem-solving skills and ability to work with diverse teams.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role at Citi and how your background aligns with their mission. Highlight your communication skills and ability to present ideas clearly to senior decision-makers, as this is crucial for the position.
Showcase Relevant Skills: Emphasise your analytical skills and experience in product development or service design. Mention any specific tools or methodologies you are familiar with that could benefit the Margin & Collateral Operations team.
Proofread and Edit: Before submitting your application, carefully proofread your documents to eliminate any spelling or grammatical errors. A polished application reflects your attention to detail, which is essential for a role in operations.
How to prepare for a job interview at Jobs via eFinancialCareers
✨Understand the Role and Responsibilities
Before your interview, make sure you thoroughly understand the VP (Operations) role at Citi. Familiarise yourself with the key responsibilities, especially around margin and collateral operations, and be prepared to discuss how your experience aligns with these expectations.
✨Showcase Your Problem-Solving Skills
Citi values innovative and proactive problem solvers. Prepare examples from your past experiences where you've successfully tackled complex issues, particularly in a fast-paced financial environment. Highlight your analytical skills and how they contributed to effective solutions.
✨Communicate Clearly and Concisely
As a senior member of the team, you'll need to communicate effectively with various stakeholders. Practice articulating your thoughts clearly and avoid technical jargon when discussing your ideas. This will demonstrate your ability to engage with both technical and non-technical audiences.
✨Emphasise Collaboration and Teamwork
Citi's culture promotes collaboration across different teams. Be ready to discuss your experience working with diverse groups, including technology, operations, and risk management. Share specific examples of how you've fostered teamwork and built trust among colleagues.