Prime Services - Futures and Derivatives Clearing Product Development, VP
Citi
Application
Details
Posted: 19-Jun-24
Location: New York, New York
Type: Full-time
Internal Number: 20829892
The Futures and Derivatives Clearing Product Development team is part of the Global Equities division. Product Development is the business process to actively manage products throughout their lifecycle. The successful candidate will be part of a post trade business product development focused on Derivatives Clearing (Futures, OTC, FXPB) products and projects, with a special focus on Futures products. They will be responsible for providing business input, strategic and functional direction on the projects with focus on managing the Client impact and Client Executive/Sales communication. They will act as the key link between our Client facing Sales and Client Executives teams, Product Managers, Operations and Technology.
Responsibilities:
Define, produce and promote post trade products efficiently and effectively
Define, deliver/review business requirements for Product Development, ensuring that a structured approach to market analysis is adopted, commercial judgement is exercised and requirements are agreed by all key stakeholders
Drive product development in key strategic business areas such as connectivity to new clearinghouses, rollout of additional cleared products, and challenging the status quo while driving continuous product improvement
Collect client feedback on initial concepts in a structured manner and prepare detailed concept definition for all core functional areas, with input from Citi SMEs (technology etc.)
Work closely with Ops Change Management to ensure that all the non-technical deliverables that make a successful product release are covered
Work closely with technology to produce detailed product roadmaps outlining the strategic direction & deliverables
Implement key projects and business initiatives assigned to the group
Assist with implementing systems or process flows enhancements in order to improve efficiency and client service
Generate product awareness among users, working closely with Sales and Client Executive teams
Assess new enhancement requests and prioritize according to Criticality, Effort and Resourcing levels
Oversee testing, release and support process
Appropriately assess risk/reward of transactions when making business decisions; demonstrating proper consideration for the firm's reputation
Be familiar with and adhere to Citi's Code of Conduct and the Plan of Supervision for Global Markets and Securities Services
Adhere to all policies and procedures as defined by your role which will be communicated to you
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications:
7+ years of experience in Derivatives Clearing is essential
Experience in Futures, FX, IRS, and Credit
Technical understanding of post trade clearing systems and process
Series 3
Business analyst / project management experience
Must be confident and able to communicate (both written and verbal) effectively at all organizational levels
Must be able to plan and organize own workload within tight deadlines and be able to work under pressure
Display initiative, a desire to contribute to discussions around process improvement and system enhancements
Consistently demonstrate tight controls, governance, documentation, standard operating procedures, testing, etc.
Education:
Bachelor's degree/University degree or equivalent experience
Master's degree preferred
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Job Family Group: Institutional Sales -------------------------------------------------
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