Synthetic Prime - Product Development

PowerToFly; Greater London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading financial services firm in Greater London seeks an experienced Product Developer to focus on Synthetic Prime Finance. The role involves leading the development of financial products and ensuring client access to market exposure. Key responsibilities include managing product lifecycle, engaging clients for feedback, and leading initiatives for enhancement. Candidates should possess extensive Prime Finance experience, exceptional communication skills, and a relevant degree. The position offers a competitive salary, hybrid work environment, and extensive benefits.

Benefits

27 days annual leave

Discretionary performance-related bonus

Private Medical Care & Life Insurance

Employee Assistance Program

Pension Plan

Paid Parental Leave

Special discounts for employees

Access to learning and development resources

Qualifications

• Extensive experience in Prime Finance or Equity Finance.
• Proven track record in managing large-scale change initiatives.
• Strong analytical capabilities and structured problem-solving.

Responsibilities

• Lead the strategic development of Synthetic Prime Finance products.
• Define and articulate detailed business requirements.
• Collaborate with teams to align product strategy.

Skills

Prime Finance experience

Synthetic products knowledge

Exceptional communication skills

Analytical capabilities

Project management

Education

Bachelor's or Master's degree in Finance, Economics, Computer Science, or related field

Job description

Citi's Markets business is a global leader, providing a comprehensive suite of financial products and services to institutional clients worldwide. Our Prime Finance division stands at the forefront, offering a range of services including financing, securities lending, and capital introduction. Within this pivotal area, Synthetic Prime Finance provides clients with efficient, flexible access to market exposure through advanced delta one products and portfolio swaps, underpinning sophisticated hedge fund strategies across diverse asset classes.

We are seeking an experienced Product Developer to join our team, focusing on Synthetic Prime Finance. This strategic role is critical for leading large-scale initiatives that champion client needs and business growth. The successful candidate will drive the continuous improvement of our Synthetic Prime Finance platform and client experience by defining, managing, and delivering enhancements to our product range and underlying infrastructure, demonstrating strong leadership and a comprehensive understanding of the evolving market landscape.

Primary Responsibilities of the role

• Lead the strategic development and enhancement of Synthetic Prime Finance products and infrastructure, driving the end-to-end product lifecycle from conceptualization to market delivery.
• Define and articulate detailed business requirements (BRDs), create comprehensive project plans, and oversee the execution of global initiatives with a sharp focus on client needs and prevailing market trends.
• Collaborate extensively with sales, business managers, and technology teams to align product strategy with long-term business vision and integrate innovative solutions across the platform.
• Manage a book of work, ensuring efficient delivery, resource allocation, and prioritization of key strategic initiatives.
• Represent Citi in client engagements, actively gathering feedback and insights to champion continuous improvement in both the platform's capabilities and the overall client experience.
• Assess business priorities, identify strategic opportunities for growth and efficiency, and effectively communicate development plans, deliverables, and potential issues to all relevant stakeholders.

What we need from you

• Extensive experience in Prime Finance or Equity Finance, with a deep understanding of synthetic products such as portfolio swaps, hedge fund strategies across asset classes (equities, fixed income, derivatives), and market structure.
• Proven track record of successfully leading and delivering large-scale change initiatives and complex product development projects within a dynamic financial services environment.
• Exceptional communication skills, both written and oral, for effective stakeholder management, client engagement, and presenting strategic visions across all levels, including senior leadership.
• Strong analytical capabilities combined with a structured approach to problem-solving, strategic thinking, and the ability to define an end-state vision for complex financial platforms and products.
• Demonstrated ability to manage and lead virtual project teams within a matrix organizational structure, fostering collaboration and driving consensus among diverse groups of stakeholders.
• Bachelor's or Master's degree in Finance, Economics, Computer Science, or a related quantitative field, providing a solid foundation in financial markets and technology principles.

What We Offer:

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:

• 27 days annual leave (plus bank holidays)
• A discretionary annual performance related bonus
• Private Medical Care & Life Insurance
• 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.

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: Product Management and Development

Job Family: Product Development

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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