Global Head of FX Middle Office

Citigroup Inc.; City Of London; Hybrid; GBP 150,000 - 200,000; Full time

Job summary

A leading global financial services company is seeking a Global Head of FX to manage the FX Middle Office team. This senior management position requires a strategic leader with extensive experience in financial markets and effective project management skills. The ideal candidate will ensure efficient delivery and risk management in transaction processing while maintaining strong relationships with stakeholders. The role offers a competitive salary and a hybrid working model.

Benefits

Generous holiday allowance starting at 27 days plus bank holidays

Discretionary annual performance-related bonus

Private medical insurance packages

Employee Assistance Program

Pension Plan

Paid Parental Leave

Special discounts for employees, family, and friends

Access to learning and development resources

Qualifications

• Previous relevant experience in financial markets.
• Advanced level experience in functional and people management.
• Ability to manage various concurrent activities/projects in a high-risk environment.

Responsibilities

• Manage the Global FX Middle Office team for seamless delivery.
• Drive consistency and efficiency in transaction processing.
• Develop partnerships with key internal stakeholders.

Skills

Analytical skills

Project management

Negotiation skills

Job description

Overview

Citi Market Operations is currently at a pivotal point in its evolution and journey to implement a target operating model. We take pride and are passionate about our People and our culture. We are invested in people and their development. We are transforming and simplifying our operating model creating an exciting environment which encourages diversity of thought and inclusion.

We are a dynamic, global and diverse Organisation, with a presence in over 60 Countries; covering all post execution Operations teams including product aligned Middle Office groups, Settlements, Margin, Asset Servicing, Listed Derivative & Commodities Operations. We support an extensive range of Capital Markets products and services including Fixed Income (FX, Rates, Credit, Muni, Cash and Derivatives) where Citi is consistently a dominant top 3 player in the market, Equity (Cash, Derivatives, Prime Brokerage, Futures, Listed Derivs, FXPB) where Citi has a significant growth program to continue to build out its capabilities and services; and Syndicates where we support both FI and EQ new issues and IPOs.

Markets Operations at Citi has embarked on a significant, multi-year transformation covering all aspects of designing and delivering a future state target operating model: risk and controls, regulatory compliance, process re-engineering, automation, people and culture, data transformation, technology investment and client service. This is a large and complex undertaking.

The Markets Operations Transformation team has been formed to support stakeholders both within Operations and across the bank, to design and deliver this multi-year transformation roadmap. Our transformation is underpinned by strategy, investment, change execution and a market-leading operations change delivery team focusing on programme and project management, business analysis, process re-engineering, low code application development and PMO.

Role Overview

The Global Head of FX is a senior management level position responsible for accomplishing results through the management of the Global FX Middle Office team in an effort to process orders and transactions originating from trading desks and branch offices in coordination with the Operations - Transaction Services team. The overall objective of this role is to ensure the seamless delivery of securities and derivatives transactions.

The Global Head of FX will oversee global teams managing this function, focused on driving consistency, efficiency and ensuring the teams have effective risk management and regulatory processes in place. This role requires a strategic leader with extensive experience in financial markets, excellent analytical skills, and the ability to manage a diverse team across different time zones.

What you"ll do

• Act as a strategic partner with all potential stakeholders in onboarding new and complex commodities transactions, ensuring procedures are properly embedded, supported and risk managed on an ongoing basis.
• Serve as an analytical and procedural expert in the full trade life cycle while supporting a wide range of internal and external clients.
• Assist with the planning of actions and resources to support new business.
• Manage complex and variable operations related issues (e.g. across trade booking / settlement / confirmations / etc.), define and communicate problems, develop innovative solutions, streamline processes and lead change-the-bank initiatives.
• Closely follow trends in the industry, identify cost saving opportunities and build effective relationships with clients and key stakeholders.
• Increase scale and efficiencies by analyzing and presenting data to develop new solutions and oversee the integrity of process.
• Assist with overseeing the risk control environment, compliance efforts to follow policies and procedures and keep abreast of Citi's operational processes and best practices in business strategy.
• Serve as an advisor and coach to staff on procedures and work processes across multiple departments.
• Develop partnerships with Technology, Compliance Risk, Finance, HR and key internal stakeholders

What we\'ll need from you

• Previous relevant experience
• Advanced level experience in a related role with extensive experience in business, functional and people management preferred
• Experience in managing a Global FX Middle Office team within Banking and Financial Services Institutions preferred
• Demonstrated analytical skills
• Proven ability to manage various concurrent activities/projects in a high-risk environment
• Effective project management and negotiation skills
• Consistently demonstrated clear and concise written and verbal communication
• Demonstrated success dealing with senior and executive management

What we can offer you

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 Belfast, 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 discretionary 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.

Job Family Group: Operations - Transaction Services

Job Family: Securities and Derivatives Processing

Time Type: Full time

Most Relevant Skills

Please see the requirements listed above.

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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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