Futures & OTC Clearing Operations - Global Lead Exchange Fees - SVP

Citi is seeking a Senior Vice President within Markets Operations supporting our Exchange Traded Derivatives, OTC Clearing, and FX Prime Brokerage business. Specifically, the role will have a high degree of focus on the tracking and resolving of cash exceptions for Exchange Traded products (Listed Futures - ETD) on markets where CITI has memberships. For context the wider Global ETD supporting teams reside in Tampa, Belfast, London, and Mumbai and the candidate will be expected to build peer relationships, work seamlessly with team members and contribute within the wider global leadership in ETD and across international boundaries.

The role will require a high degree of detailed knowledge in ETD products (globally) and knowledge on how ETD products are correctly reconciled across cash types. The remediation of these items will need to be organized, tracked and communicated to Snr. Ops managers and Business partners. The candidate will report into the Global Head of ETD Controls & Balance Sheet Integrity. The wider Global ETD supporting teams reside in Tampa, Belfast, London, and Mumbai. The candidate will manage and provide hands on supervisory support to staff, while driving business analysis, project strategy, key metric delivery, and subject matter expertise relating to day-to-day futures operations management. Additional responsibilities include driving projects and initiatives aligned to organizational priorities of process and platform simplification, service, robust control environment and people management.

Citi's Markets Operations group provides a full suite of strategic advisory and financing products to multinational and local corporations, financial and public sector institutions, governments, privately held businesses, and many of the world's most successful and influential individuals and families in more than 160 countries and jurisdictions. We provide world-class financial products and services as diverse as the needs of the thousands of corporations, institutions, governments and investors we serve. With trading floors in more than 80 countries, we work to enrich the relationships, products and technology that define our market-making presence. The breadth, depth and strength of our sales and trading, distribution and research capabilities span a broad range of asset classes, currencies, sectors and products — including equities, commodities, credit, futures, foreign exchange (FX), emerging markets, G10 rates, municipals, prime finance and securitized markets.

Citi's Futures and Derivatives Clearing business consolidates Futures, OTC Derivatives and FX Prime Brokerage activity to provide clients with a comprehensive and consistent service experience
Citi Futures is one of the world's largest participants in exchange-traded derivative markets and has also established itself as a market leader in the evolving OTC Clearing world.

Responsibilities:

• Management of Day to day reconciliation of ETD cash types and break remediation based in London (approx. team size 10)
• Oversight of reconciliations functions, adherence to regulations, and controls supporting Futures Operations and covering three client and house business entities globally.
• The role has a major focus on determining pass-through fees on ETD products and remediating any issues. This will include managing a large workflow to root cause resolution in conjunction with other stakeholders
• Role includes extensive exposure to senior business managers, clients and product controllers overseeing financial statements and ledgers.
• Provide balance sheet control oversight to ensure accuracy of revenue and transaction expense settled.
• Identify opportunities to improve controls and simplify processes and take ownership to effect change.
• Drive and lead project initiatives relating to team to ensure resource management and execution of key deliverables.
• Prepare and present status updates for Senior Management and key stakeholders in a clear and articulate manner that suits the lens of the audience.
• Adhere to all control, compliance and regulatory requirements impacting function.
• Exception reporting and appropriate escalation of issues to Senior Management.
• Responsible for hiring, training, people development and contributing to regional initiatives on an ongoing basis.
• Provide leadership, direction, strategy, oversight and advocacy for functions and processes supported.
• Provide thought leadership to Senior Management by staying abreast of industry trends, technology advancements and competitor processes and procedures.
• Be fully accountable for ensuring team budget and efficiency targets are met annually.

Qualifications:

• Significant relevant experience related to Futures Clearing and/or Markets Operations management.
• Experience with Reconciliations, GAAP, Accounting, and controls best practices.
• People Management experience required.
• Demonstrated strong project management, process improvement and leadership experience required.
• Ability to communicate in a compelling manner with all levels of management and across functional areas – both written and oral.
• Ability to operate in a highly matrixed and ambiguous environment, navigate through the global framework, handle conflicting priorities with effective time management and problem-solving skills.
• Ability to influence, create support and buy-in across a wide range of stakeholders, creating a strong network and relationships among peers, internal partners, external constituencies, senior decision makers and stakeholders.
• Deeply curious on the “why” behind the “what”. We require someone energetic who has an appetite to continuously improve processes to drive better outcomes and lower risk.
• Logical, analytic and rationale thinker; strong data analytics capabilities are vital.
• Aptitude for assessing levels of risk and discernment to escalate items of potential concern while addressing remediation plans.

Education:

• Bachelor’s/University degree or equivalent experience.

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, 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.

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Job Family Group:

Operations - Transaction Services

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Job Family:

Securities and Derivatives Processing

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Time Type:

Full time

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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