25883166 Markets Operation - Derivatives and Margining Operations Officer

CITIBANK N.A.; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

Join Citi as a Derivatives and Margining Operations Manager, where you'll engage with stakeholders and manage operational processes within a dynamic financial environment. We seek motivated individuals committed to continuous improvement and development in a diverse, global context. With a focus on digitization and risk management, this role plays a key part in enhancing client services and operational efficacy.

Benefits

Opportunities for career growth

Diversity and inclusion culture

Performance-related rewards

Qualifications

• 3-5 years of experience in Tier 1 global financial institutions.
• Experience handling large projects in FX and Margining processes.
• Demonstrated experience leading diverse teams.

Responsibilities

• Manage the end-to-end process of Derivatives and Margining Operations.
• Engage with stakeholders across business, technology, and operations.
• Ensure compliance with regulatory requirements and internal policies.

Skills

Project Management

Communication

Risk Management

Problem Solving

Stakeholder Engagement

Education

Degree or equivalent work experience

Job description

Citi Markets 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 our 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 front 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.

Our Operations groups are core to the success of the Markets business and have significant impact across the lifecycle of a trade. We partner extensively with a range of internal stakeholders including Front Office Sales and Trading Desks, Compliance, Legal, Finance and HR; alongside having significant interaction with our external client base, playing a key role in the overall client experience. We have a Client relationship group, dedicated to overseeing the Organizational service performance and strategic partnership for our top tier client base, where we play a key role in supporting our global clients to ensure they have a first-class experience when doing business with Citi.

Our Business Intelligence and Process Re-engineering group works alongside our Operations teams delivering automation solutions to solve for operational challenges. We partner with Citi’s innovation labs to drive optimization, and overall play a pivotal role in enabling us to transform to achieve our target operating model.

Our Technology partners develop and implement a wide range of applications that support the Operations, Change, Design and Implementation groups in providing innovative products and solutions. We have re-imagined how to provide technology and service in our domain through the alignment of our team vision, culture, and aggressive retirement plan for legacy applications and adoption of a micro-based containerized cloud environment. We encourage our people to create, explore and be adventurous whilst taking measured risk, adopting safe practices to protect the firm. Data lineage and optimization is core to how we develop our eco system. We are growing our capabilities using artificial intelligence, natural language processing and machine learning.

Our roles entail ensuring we operate in a robust control environment, whilst in a fast-paced workplace. We comply with global regulations and internal policies and adopt a proactive approach to identifying opportunities to reduce risk through the continuous evaluation of our controls; to protect our clients, the firm, and our reputation.

We work closely with our external global peers, partners, and regulators, and play an integral part in leading an agenda at the forefront to optimize and streamline processes and drive strategy across our industry.

Job Purpose:

• Reporting into Singapore Markets Ops Leadership Team, the primary responsibility of the Derivatives and Margining Operations Manager will be

1. Proactive engagement with Singapore country and APAC Regional Markets Operations stakeholders (Business, Technology, Finance/PCG, Legal, Operations) in order to support the business and clients trading in Markets products, such as FX, FX Option and OTC Derivatives products.
2. Play a key role in managing the end to end process of the Derivatives and Margining Operations functions, such as trade verification, confirmation generation, settlement, reconciliation, margin call/posting etc.
3. Contribute in the implementation of sustainable processes, automation/migration initiatives, and standard adherence to policies.
4. Working very closely with Operations Control on developing and adhering to an effective control framework that fully meets Audit, Compliance and Regulatory requirements; delivery of periodic presentations to external regulators as required.
5. Involvement in shaping/building standardized and sustainable operational workflow and service standards for new product/production variations launches by Global/APAC Markets business. ie. NPAC process.
6. Ensuring robust infrastructure and tools (Dashboards, MIS, Alerts etc.) are in place to effectively manage risk and service our clients to a high standard.
7. Involvement in preparing & publishing strong MIS information for regular Management Updates
8. High level of focus on digitization, automation and elimination of manual touch points (MTP).

People Agenda:

• Involvement in the successful People and Engagement strategy to help attract, develop, retain and recognize a diverse and talented global workforce
• Promoting a culture of continuous improvement and cultivating a robust service and control environment
• Engaging with and leading our People. Developing effective and diverse teams across a global footprint
• Championing diversity and inclusion to create a working environment which allows our People to thrive and excel

Qualifications and Skills:

• Degree or equivalent work experience preferred
• 3-5yr+ years of experience in Tier 1 global financial institutions including extensive experience in handling large projects delivering operational activities, especially in FX, FX Option, OTC Derivatives and Margining processes.
• Experience in delivering strategic change programs spanning multiple years in a fast paced, large global financial services firm, ideally in an operations organisation
• Energetic, flexible, collaborative, and proactive; a leader who can positively and productively add product impact to both strategic and tactical technology
• Strong, influential communicator who is articulate and concise, demonstrated success interacting with senior management both in the business, corporate functions as well as the Operations, Business and Technology environments
• Strong risk management and control mindset
• Provides evaluative judgment based on analysis of factual information in complicated, unique and dynamic situations; draws on diverse range of internal and external sources
• Self-reliant, good problem solver, results oriented
• Demonstrated experience leading people and developing effective and diverse teams.
• Ability to establish and build trust with professionals throughout the business as a leader, advisor and business partner to the organization with a clear client orientation.
• Strong awareness of both external and internal best practice perspectives, maintaining a balanced and fresh viewpoint.
• Ability to conceptualize aspects of the organization’s model and its future development.

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Take the next step in your career, apply for this role at Citi today

https://jobs.citi.com/dei