Financial Market Infrastructure Oversight and Third-Party Alignment - Senior Vice President

Posted:
8/14/2024, 5:00:00 PM

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

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Finance & Banking

Workplace Type:
Hybrid

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in project management, problem solving and communication to Citi’s Securities Services Team.

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview:

You will be joining the Custody Network Management team who is responsible for overseeing Citi’s global network of financial market infrastructures (FMIs) and sub-custodians in 104 markets. The team is a part of Citi Custody product organisation and is a well- established function, investing for the future. The team has several goals, in addition to oversight which includes market intelligence and productivity for the network. Considering that the network is at the centre of Citi’s proposition, this is a pivotal function with strategic importance to the business.

What you’ll do:

This role’s mandate is to further enhance the oversight of FMIs partnering closely with the local custody business, Financial Market Infrastructures Risk Management group (FMIRM), in-business Risk and Citi Third Party Management (TPM).

  • Experience in Third-Party Management including remediation management, process improvement, change management, governance, and technology within complex global firm.
  • Coordinate local deliverables with the 63 custody branches to gather information for the remediation of OCC exam findings .
  • Own the governance effort for the MRA remediation, including presentations and management updates.
  • Partner with TPM and control owners to provide an overview of current processes in effort to coordinate the establishment of the future end-state model for FMI oversight requirements.
  • Partner with FMIRM to ensure an elevated model for managing credit and exposure risk, build further KPIs and metrics.
  • Assist in creating and submitting timely Governance updates on progress against plan, key issues identified and escalated accordingly.

What we’ll need from you:

  • Experience in Third-Party Management with a focus on remediation management.
  • Strong communication and interpersonal skills, excellent organizational and analytical skills, ability to work as part of a global team and independently.
  • Identify, monitor, track, and escalate issues requiring remediation.
  • Good understanding of Financial Market Structures, CSDs and CCPs in particular including a degree of insights into the credit and membership exposure.
  • Basic understanding of custody and custody flows.
  • A solid understanding of Citi’s the approach of global firms to risk management.
  • Graduate degree in economics, finance or financial risk management preferred, or equivalent experience.

What we can offer you:

This is a great opportunity to join the Citi Services business which is a key driver for Citi’s success and become part of a successful and growing product organisation. FMIs are an important element of Services landscape and product offering, and it is a priority to have the best in-class oversight model and processes for FMIs, so the role itself will also be strategically important and visible.

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

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: 

  • Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure.
  • A discretional annual performance related bonus.
  • Private medical insurance packages to suit your personal circumstances.
  • 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. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities. 

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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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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.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

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