Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your energy, problem-solving skills and inquisitive mindset to Citi’s Custody 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

This role is a new position in the Custody business, with the opportunity to support the development of the credit product function. This is a high-profile position, responsible for designing, implementing, and managing end-to-end Custody credit risk.

What you’ll do

• Support the Credit Product head in evaluating of Custody credit utilisation, review, design and implement appropriate rules/logic across Global and Direct Custody, reviewing netting rules, Legal Entities, DVP failure, and associated controls. To include defining the parameters for client clearing-line right-sizing, and use of available client funds

• Contribute to the design and build an optimised Credit operating model for the business, including the identification and implementation of key credit risk metrics, task automation, controls, operational processes, KPIs to show progress and reduce Credit risk for Custody while minimising negative impact on clients.

• Help assess Credit Exposure Factors considering cost, credit, client benefit – including mapping out the roadmap for any technology and/or operating model optimisation and associated controls.

• Review and support the optimisation ofe processes end to end for excess credit approval, balancing risk, client experience and competitive differentiation versus peers.

• Co-ordinate and liaise with individual Product leads to identify and address credit control gaps and/or issues

• Develop and implement strategic action plans and credit consumption models to future proof the credit process for new business and organic growth

• Partner with and challenge Regional and Country Product Heads, Coverage and other first line business colleagues on credit related matters and operating processes required for the Custody Credit products offered

• Help conduct market review and deep-dives as needed to address credit & control issues

• Crisis Management (Country and Client) – assist with coordination of the credit crisis management plans with Custody Product and Country teams and 1LoD & 2LoD Counterparty Credit units

What we’ll need from you

• Experience working in a Risk-related role within a regulated Financial Services company, preferably in Securities Services. Some expertise in Credit Risk and liquidity usage would be helpful but not essential.

• Demonstrate ability to lead change, with a balanced risk management mindset, across Product, Operations, Technology and Client partner groups.

• Strong collaboration skills and ability to work closely with stakeholders in the business. 

• Self-starter, with an intellectual curiosity for how Financial Services works.

• Comfortable delivering results in a largely matrix role – influencing others without direct management oversight to deliver business results.

• Excellent communicator, written and oral.

• Comfortable navigating ambiguity, coming to terms with and bringing order to an at times fragmented technological, organisational and operational landscape.

• Good judgement - ability to ensure sound risk management practices while recognizing and demonstrating sensitivity to competing interests. 

What we can offer you

This role offers the opportunity to lead the development of a business-critical function within the Custody business, with the potential to expand scope and influence across the Custody product organisation.

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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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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