Job description
Purpose:
Execution Services represents the markets related businesses within Securities Services and currently comprises of Securities Financing (Agency Securities Lending & Collateral Management Services) & Foreign Exchange.
The Global Securities Financing Product Head, is a management level position reporting to the global head of Securities Financing and matrixing into the head of Execution Services, responsible for strategy, platform, client delivery and profitable growth of the business unit. Additionally, this role will be responsible for the development of product plans, strategies, and tactics while coordinating product lines through product life-cycles in coordination with the broader Product Management team. The overall objective of this role is to coordinate the promotion of products to develop new markets, increase share of market, achieve profitable growth and obtain competitive position.
Responsibilities:
- Manage a team of Product Managers and/or multiple teams to accomplish established goals and conduct personnel duties for team (e.g. performance evaluations, hiring and disciplinary actions)
- Oversee day-to-day product management for core products such as product delivery, client experience, and client communication strategies as well as help the team prioritize, negotiate, and remove obstacles to achieve business results
- Execute client value propositions, positioning, segmentation, pricing, targeting, channel strategies, and competitive differentiation to achieve preferred status as a partner to Citi clients
- Create and own global strategic roadmap, development, launch, and marketing to gain maximum benefit from each product
- Develop plans and execute functional strategies for a country, multiple countries, region, or business requiring coordination and integration across units as well as provide input into strategic decisions affecting job family or function within a region or business
- Manage client and competitor market research, develop product innovation roadmap, and address fundamental trials of product commoditization to create an advanced set of solutions
- Oversee all aspects of program life cycle management including market demands, technology trends, and the competitive field
- Drive achievement through acquisition of targets, product financial performance, revenue performance, and expense management goals as well as oversee identification and execution of opportunities and gaps business plans
- Develop and communicate a business plan to approach the marketplace, and coordinate and implement team procedures, client problem resolutions and client management
- Help drive innovation by working with internal and external partners/alliances to develop products, manage vendor relationships, and prepare agreements
- 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, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Qualifications:
- Experience managing across multi-function and/or global business
- Functional experience in product management, specialist sales or product development
- Ability to work under pressure and manage deadlines or unexpected changes in expectations or requirements
- Ability to work unsupervised and adjust priorities quickly as circumstances dictate
- Consistently demonstrates clear and concise written and verbal communication and possesses proven analytical skills
- Demonstrated problem-solving and decision-making skills
- Ability to work in a team-oriented environment, to establish rapport, motivate teams, invite contributions, build consensus.
Proven skills in:
- Client engagement –in the asset management, insurance and pension sectors, banks and broker dealers
- Market awareness – factors driving our clients’ priorities and our competitors’ behaviour in the Securities Financing segment
- Regulatory understanding – familiarity with Dodd Frank, EMIR, MiFID II, CASS and other regulations directly or indirectly driving securities lending & collateral management priorities
- Subject matter expertise – good understanding of related fields such as cash, custody or fund administration, in addition to a strong background in securities financing
- Planning and management – rigorous approach to prioritisation and project management
- Service model design – partnering with operations and technology to create effective and scalable service models
- Revenue generation – track record in leading or supporting business development
- Risk awareness – vigilance for factors driving risk to the firm and to clients
- Results orientation – continued focus on delivery against goals
Education:
- Bachelor’s degree/University degree or equivalent experience
- Candidates for this role are likely to be currently working in a global securities financing product or sales role, either for a custodian bank or a technology provider and will have 5+ years’ exposure to securities financing
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Candidates applying for this role must be aware that it is a Certified Role, subject to the FCA and PRA Certification Regime.
The Certification Regime is one element of the Individual Accountability Regime which came into effect on 7 March 2016.
Under the Certification Regime, Citi UK regulated entities (Citi entities) must ensure that employees working in certain roles categorised as specified significant harm functions (Certified Roles) are assessed as fit and proper to carry out their role.
Under the guidance provided by the FCA and PRA, firms should have regard to the following when assessing fitness and propriety:
- Honesty, integrity and reputation
- Financial soundness
- Competence and capability
In order to comply with the requirements of the Certification Regime, Citi entities must take reasonable care to ensure that an employee does not perform a Certified Role without first being certified as Fit and Proper. For this reason, you will be assessed for this role against the Fit and Proper requirements, as described above.
This assessment will be carried out through extensive interviews, self-disclosures, permitted criminal record checks, regulated reference checks, credit checks and other background screening checks.
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Job Family Group:
Product Management and Development-
Job Family:
Product Management-
Time Type:
Full time-
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.
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