Job Information
Citigroup Futures Clearing Operations Senior Manager - Tampa (Hybrid) in Tampa, Florida
Citi is seeking a Vice President within Markets Operations organization supporting our Exchange Traded Derivatives and OTC Clearing, and FX Prime Brokerage business. The candidate will report into the North America Head of Controls. The current team resides in Tampa, Florida with additional staffing support from Belfast, London, and Mumbai. 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 Reconciliation 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.
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 Controls operations including reconciliations, regulations, and data controls supporting FDC Operations and covering 3 business locations globally.
Role includes extensive exposure to senior business managers and product controllers overseeing financial statements and ledgers.
Provide balance sheet control oversight to ensure accuracy of revenue and transaction expense settled.
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.
Responsible for hiring, training, people development and contributing to regional initiatives on an ongoing basis.
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:
5-10 years of relevant experience related to Futures Clearing and/or Markets Operations management.
Experience with Reconciliations, GAAP, Accounting, and controls best practices.
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.
Education:
FINRA SIE and Series 99 License or the ability to obtain licensing within 90 days of employment.
Bachelor’s/University degree or equivalent experience.
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Job Family Group:
Operations - Transaction Services
Job Family:
Securities and Derivatives Processing
Time Type:
Full time
Primary Location:
Tampa Florida United States
Primary Location Full Time Salary Range:
$103,920.00 - $155,880.00
In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Anticipated Posting Close Date:
Jan 24, 2025
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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Citi is an equal opportunity and affirmative action employer.
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