Custody Regulatory Reporting Product Manager - VP (Hybrid)

Posted:
11/18/2024, 12:17:47 PM

Location(s):
England, United Kingdom ⋅ London, England, United Kingdom

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Product

Workplace Type:
Hybrid

We are seeking a Custody Regulatory Reporting Product Manager role within Citi Securities Services’ Custody business.  The role will to help establish a newly formed unit responsible for the Regulatory Reporting product with Custody.

The successful candidate will work very closely on every facet of the product with the new head of the Custody Regulatory Reporting and will have responsible for helping design and implement the operating model and process for production, maintenance and control of business-critical regulatory reports. This role sits in the Custody Global Product Management team

Responsibilities

  • Contribute to the definition, design, implementation and oversight of the Custody Regulatory Reporting product
    • Define the scope of the Reg Reporting product function
    • Understanding and defining critical Business and Regulatory reporting requirements, , leveraging in-house expertise from Finance, Compliance, Risk, Control and Product amongst other groups
    • Working with Ops and Tech partners to design and deliver an operating model to support the production & Delivery of Custody Regulatory Reporting
    • Closely coordinate inputs from stakeholder groups include DDI, Financial Controllers, FP&A, Reg Reporting teams
  • Influence technology investment and data strategy to better support and align with the Regulatory Reporting function strategy
  • Define Risk and Control framework for Custody Regulatory Reporting
    • Ensure transparency, accountability and oversight of the Reg Reporting function including any review, sign-off processes
    • Design systematic control points, implement risk mitigants supporting the production of Reg Reporting
    • Develop preventive and detective controls to ensure accuracy of regulatory disclosures
  • Define data requirements and supporting data architecture – own required data clean-up effort in close alignment with Product and DDI Partners. Ensure that data related to regulatory reporting is subject to:
    • data quality measurement
    • data checks & controls
    • data testing
    • good data governance
    • data lineage
    • data ownership
  • Custody Metrics Management
    • Contribute to the definition of optimum set of KPIs for this function and implement robust systematic methods of producing and measuring these KPIs
  • Help define systems requirements and development needed to achieve robust and automated delivery mechanisms of reports
  • Lead the interpretation / understanding of regulatory reporting requirements, definition of require report structure and content and related systemic and productions requirements
  • Programme ownership – including tracking, reporting, issue & management
  • Management of a comprehensive corrective action plan which been committed to internal senior stakeholders, Legal Entity boards, and regulators

Skills and Experience

  • Significant experience within the financial services industry with custodian, fund manager and/or large institutional broker,  making major contributions to end to end change programmes with significant business and technical components
  • Strong Financial Services knowledge – particularly in Custody & Securities Services
  • Understanding of regulatory and compliance environment for Custodian Banks
  • Track record of significant contributions to Regulatory Reporting programmes of work
  • Technology and Data expertise 
  • Highly organised, with the ability to multi-task effectively
  • Strong degree of personal effectiveness as well as the ability to mobilise virtual teams
  • Self-starter comfortable with taking accountability and working through ambiguity
  • Strong communication skills including to Board and Regulators

What we can offer you

Citi is the leading Custody bank in the industry, and this role affords the opportunity to be part of the build out of a new global function.  By working with many areas of the bank, this role gives you the opportunity to work closely with many of key stakeholders and gain a strong understanding of Securities Services, Finance and Control functions.  

At Citi, we stand firm in our commitment to our values, and we look for people who share those values with us. We believe in doing what is right – for our clients and our people.

By joining Citi London, 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:

•           27 days annual leave (plus bank holidays)

•           A discretional annual performance related bonus

•           Private Medical Care & Life Insurance

•           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.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required

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Job Family Group:

Product Management and Development

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Job Family:

Product Management

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Time Type:

Full time

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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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