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Jersey City

    Vice President - Jersey City, NJ, United States - Citi

    Citi background
    Full time
    Description
    Organization 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 Organization, 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

    Collateral Optimization Operations in Markets Operations is a newly formed growing 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, 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 successful Vice President candidate will execute daily 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 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 driving collaboration across groups, developing, and reviewing requirements, developing a target operating model, designing robust processes, and implementing new platforms.

    Key Responsibilities:
    • Development of new function: Ensure processes are well designed and implemented, with sound governance, procedures, workflows, and controls. Work with partners and leadership to develop new operating model.
    • Manage and execute daily optimization processes: Ensuring tasks are performed, risks are transparent, controlled, and mitigated.
    • Drive key transformation initiatives: Lead & deliver key capability enhancements driving risk reduction, cost reduction, client service & revenue opportunities.
    • Key Operations point of contact: Operate as expert and facilitator for businesses engaging in collateral, funding and liquidity activities across entities and regions. Acting as a collaborator across divisions.
    • Robust Control Environment: Identify trends, synergies and weaknesses across products, regions and teams. Recommending and implementing control enhancements. Drive best practices and strong risk governance.
    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.
    • 5+ years' experience in the following: Collateral and Margin Management, Equities or Fixed Income Trade Management, Futures and Clearing Operations, Funding, Liquidity & Inventory Management, Securities Settlements with a strong appreciation of products, practices, risks, and regulations. Preferably at large financial services firm.
    • Demonstrates sound judgement, with a strong risk management and a control mindset.
    • Evidence of operating and delivering in large successful change programs in fast paced, large global financial services firms.
    • Innovative, energetic, collaborative, proactive and influential; a leader who can positively and productively provide a positive impact through both strategic and tactical delivery. Results orientated.
    • Strong communicator who is both articulate and concise. Demonstrates success interacting with senior leaders across revenue and non-revenue functions. Able communicate in precise technical detail when required.
    • Experience in financial planning processes, including budgeting and forecasting. Developing and coaching talent.


    Job Family Group:
    Operations - Transaction Services


    Job Family:
    Securities and Derivatives Processing


    Time Type:
    Full time


    Primary Location:
    Jersey City New Jersey United States


    Primary Location Full Time Salary Range:
    $129, $194,760.00

    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 Available offerings may vary by jurisdiction, job level, and date of hire.


    Anticipated Posting Close Date:
    Apr 25, 2024


    Citi is an equal opportunity and affirmative action employer.

    Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

    Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .

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