Futures and Derivatives Clearing Control Operations - VP

Citi is seeking a Vice President within Markets Operations organization supporting our Exchange Traded Derivatives and OTC Clearing business. The candidate will report into the EMEA Head of Control and Balance Sheet Integrity.  The role includes significant interface with the firm’s business and finance partners, internal technology, regulatory compliance, and other Markets Operations teams.  The candidate is expected to oversee and manage all day-to-day operations and controls associated with Cash and Trade reference data functions in support of NAM, EMEA and APAC regions.  Additional responsibilities include driving projects and initiatives aligned to organizational priorities of process and platform simplification, service, robust control environment and people management. 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. In the near term, the candidate will be heavily involved in business analysis, testing and migration support for a major platform replacement program expected to run until 2027.

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:

• Manage day to day Control Operations including reporting, regulations, and data controls supporting FDC Operations and covering 3 business locations globally – with a major focus on North America markets. 
• Function will support day-to-day books and records reconciliation (using our vendor tool) to balance trades, positions and cash to clearing house balances
• Role includes extensive exposure to senior business managers and product controllers overseeing financial statements and ledgers.
• 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.
• 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:

• Prior relevant experience related to Futures Clearing and/or Markets Operations management.
• Experience with reconciliation, including change control, audit compliance, and integrity.
• 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 need 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.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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