VP, FX Prime Brokerage

Job Description

The FX Prime Brokerage (FXPB) Product Specialist is a senior level position responsible for the successful oversight and delivery of initiatives relating to the FX Prime Brokerage Product. This person will own the product roadmap and be responsible for providing strategic direction and business input on platform initiatives, focusing on deliverables that drive business growth and serve client interests while adhering to internal and regulatory policies.

Responsibilities:

• Managing business P&L globally and regionally. This entails reviewing large P&L movements daily, as well as reconciling final month-end P&L
• Help manage business performance via revenue tracking, and management of the capital footprint and uncleared margin requirements for the business.
• Drive product development in key strategic business focus areas such as enhancing operational capabilities, solving client pain points and improving platform risk and controls.
• Define problem statements and prepare detailed concept definitions with input from Citi subject matter experts, deliver/review business requirements for Product Development, ensuring that a structured approach to market analysis is adopted, commercial judgement exercised, and requirements are agreed by all key stakeholders.
• Assess new enhancement requests and prioritize according to Criticality, Effort and Resourcing levels. Oversee testing, release, and support process.
• Generate product awareness among users, working closely with client facing Sales teams.
• Appropriately assess risk when business decisions are made, demonstrating 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 behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.
• Liaise and manage relationships with key third party providers along with contract negotiations
• Continue to evolve and review the interaction between products within the Prime Services suite and how they can interact with FXPB to enhance client experience and reduce operational risk
• The successful candidate will challenge operational inefficiencies, drive continuous process improvement and champion new ways of working to improve productivity and client service metrics, whilst also understanding client needs, service pain-points and collect client feedback on planned new product features.

Qualifications:

• 6-10 years of relevant experience related to FX Prime Brokerage and or the broader FX market.
• Technical and operational understanding with sufficient knowledge to steer platform design and deliverables
• Extensive understanding of trade booking and post trade workflows
• Strong understanding of the modelling of Risk Weighted Assets, Uncleared Margin Rules and GSIB and mitigation tools to help manage returns against these metrics
• Familiarity with global regulatory regimes and regulatory requirements with experience implementing systems, processes to support the regulatory framework, particularly focusing on CFTC rules and regulatory reporting
• Highly skilled in excel with the ability to automate processing of large data sets, clean and normalize data, join multiple data sets, apply complex rules to generate meaningful business insights. Experience in Python would be beneficial
• Must be able to plan and organize own workload within tight deadlines and be able to work under pressure always displaying initiative, donning multiple hats as needed for a deliverable, and demonstrate a desire to contribute to discussions around process improvement and system enhancements.
• Must have a strong risk understanding and be able to apply to the business across credit, operational and regulatory risks as the key concerns

Education:

• Bachelor’s degree/University degree or equivalent experience
• Master’s degree preferred

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

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Anticipated Posting Close Date:

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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.

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