Program Group Manager - OTC Settlements

Citigroup Inc.; City Of London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A global financial institution in London seeks an OTC Derivatives Settlements Project Manager to lead transformation projects in Markets Operations. The ideal candidate will have a strong background in project management and settlements, with excellent communication and negotiation skills. This role offers a hybrid working model and competitive benefits including a generous holiday allowance and private medical insurance.

Benefits

Generous holiday allowance

Discretionary annual performance bonus

Private medical insurance

Employee Assistance Program

Pension Plan

Paid Parental Leave

Special employee discounts

Learning and development resources

Qualifications

• Track record in managing large strategic projects.
• Experience with Settlements, Derivatives, or Operations.
• Ability to manage multiple projects in high-risk environments.

Responsibilities

• Manage complex projects within OTC settlements.
• Lead resolution of settlement-related issues.
• Support test preparation and execution for Operations teams.

Skills

Project management

Negotiation skills

Understanding of Settlements

Communication skills

Transformation Management

Job description

Overview of Citi:

Are you looking for a career move that will put you at the heart of a global financial institution undergoing significant evolution and transformation? Then bring your expertise in Process Reengineering Citi’s Markets Operations team.

By joining Citi, you will become part of a global organization whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our Markets Operations group is at the core of all activity at Citi, with a significant impact across the lifecycle of a trade, and plays a key role in the overall client experience and strategic direction.

Role Overview:

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 focussing on programme and project management, business analysis and process re‑engineering.

The team is currently recruiting for a OTC Derivatives Settlements Project Manager at SVP level to take a lead role as part of the Markets Operations Transformation team. The candidate will support Operations to drive and execute our OTC Settlements Strategy, including technical infrastructure change and operating model.

Initial functional scope of this role will include OTC Derivatives Settlement for Markets Operations but may be subject to change as a result of business priorities, programme budgets and overall transformation priorities.

What you’ll do:

• Manage a complex critical large professional disciplinary area within OTC settlements, including short‑to‑medium‑term planning of actions and resources, and exercise control over resources, budget, and policy formulation within the established strategic framework.
• Serve as an analytical and/or procedural expert in the settlement cycle, providing strategic guidance and support to a wide range of internal and external clients.
• Lead the resolution of complex settlement‑related issues, liaising with multiple teams and departments on varying matters, defining problems, developing innovative solutions, streamlining processes, and specifically leading strategic “change‑the‑bank” settlement projects.
• Supports planning, directing and coordination of day‑to‑day activities of running a program or portfolio of programs.
• Works with Operations stakeholders and builds and manages relationships.
• Works with stakeholders to ensure program scope definition meets operations objective, ensuring requirements are clearly documented, strategic and are well understood by all stakeholders and Technology.
• Support the Operations line team with their test preparation and execution.
• Leads the identification and drives resolution of issues, including those outside of the immediate workstream within their remit.
• Drives adherence to program processes, procedures, methods, and standards for program delivery as defined by Citi PM standards.

What we’ll need from you:

• Demonstrate a consistent track record having worked with Transformation as a Project Manager managing teams and delivery on large, strategic cross‑functional projects.
• In‑depth understanding of Settlements, Derivatives or Operations within Markets.
• Knowledge & experience of relevant 3rd party vendor applications and industry initiatives with ability to incorporate transformation opportunities into long‑term Target Operating model.
• 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.

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 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 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.

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.

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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