Global Markets Issuance Structuring – Product Framework, Director

Citibank; New York (NY); On-site; USD 200,000 - 300,000; Full time

Job summary

An established industry player is seeking a dynamic professional to enhance product governance within its Global Markets Issuance team. This role is pivotal in maximizing revenue through structured notes and requires a deep understanding of market dynamics and regulatory frameworks. The ideal candidate will thrive in a fast-paced environment, showcasing outstanding communication and organizational skills while collaborating with various teams. If you are a proactive thinker with a passion for governance and risk management, this opportunity offers a chance to make a significant impact in a leading financial institution.

Benefits

Medical, Dental & Vision Coverage

401(k) Plan

Life Insurance

Paid Time Off

Wellness Programs

Qualifications

• Deep understanding of Markets products and activities.
• Experience in product governance and operational risk management.

Responsibilities

• Collaborate to improve GMI’s operating model and streamline decision processes.
• Prepare product approvals for the Suitability Review Group (SRG).

Skills

Product Governance

Operational Risk Management

Market Dynamics

Cross-Functional Collaboration

Regulatory Compliance

Communication Skills

Analytical Skills

Education

Bachelor's Degree

Master's Degree

Job description

Team Mission:

Maximize revenue, funding and investment opportunities: The Global Markets Issuance (GMI) team aims to maximize revenue from Citi’s issuance business, to be a well-governed, industry leading platform. The Structured Notes business has been a significant driver of both funding and revenue contribution for Citi, providing as well meaningful investment opportunities for our clients globally.

Consistency: GMI defines and oversees processes associated with the issuance of Structured Notes within Citi, guiding and supporting multiple stakeholders and partners through a consistent operational framework for all, in respect of this activity.

Collaboration: GMI activity is carried out within each of Citi’s Markets product lines. GMI partners with teams in Sales, Trading, Structuring, Platform, OCM, Business Risk & Controls, Treasury, Legal, Risk, Operations, Finance, ICRM, and Legal Entity Management in this endeavour, across asset classes and jurisdictions.

Governance is critical:

Structured note issuance is highly regulated and cuts across several Markets activities, for which an efficiently designed and executed product governance framework is essential.

In GMI’s business, governance requires identifying and managing risks against our defined risk appetite. This is done through data provision and analysis, decision-making and credible challenge from the first, second and third lines of defence followed by agreed actions to keep risk profile within appetite.

This facilitates proper risk monitoring, findings reporting and follow up on issue resolution.

The role:

This role will support the team’s goals, with strong focus on Product Governance across diverse businesses with varied needs and requirements. The job requires a comprehensive understanding of the structured products activities (market dynamics, derivatives, regulation, client segments) as well as strong organizational skills.

Key tasks:

• Collaborate to improve GMI’s operating model, defining and implementing an in-business product governance framework consistent across regions and products, compatible with reaching excellence in business results, avoiding unnecessary complexity. Streamlining decision processes will be critical for success.
• Preparing product approvals to be presented at the Suitability Review Group (SRG) for our retail-driven activity. This includes creating proposal memorandums, holding pre-approval meetings with Product teams, Sales desks and Control functions to identify and address issues and build consensus; and, running the approval session and preparing meeting minutes to document the conclusions reached. Approx. 50 such proposals expected per year.
• Maintain an informed, independent perspective on all relevant aspects of the products monitored, offering challenges to the Business requests when necessary.
• Appear in front of SRG to run periodic business reviews for our Solutions for Financial Intermediaries (SFI) 3 regions of activity, finding efficiencies that may lead to redesigning or consolidating other meetings/forums. Special attention to be paid to regulatory-driven business reviews such as those related to i) the FCA Consumer Duty (and associated annual Value Assessment Review); and ii) the Hong Kong Equity Linked Investments activity. For all these, focus on optimizing data obtention and deck production.
• Streamline SRG processes: follow ups for approval conditions; definition of approval workflow; and periodic framework reviews.
• Oversight for MCA elements relating to SFI activity: Distributor activity review, Approved Product List, Distribution Agreement exemptions, Distribution Fees controls; all in collaboration with Business Execution teams.
• Defining and monitoring the Distribution Onboarding process globally.
• Coordinating MiFID II Product Governance obligations in relation to issuance activities, including involvement in the Control Analysis, Remediation, Applicability, and Mapping (“CARAM”) remediation efforts in partnership with the Regulation Lead/Compliance Risk, Program Execution and Asset Classes Business Execution teams.
• Support or leadership for NACs whenever involving SFI or GMI proposals.
• Collaborate in regulation oversight efforts as subject matter expert.
• Partner effectively with 2nd Line of Defence teams and support functions to identify best practices and contribute as appropriate to related policies and initiatives.

Qualifications

• Deep understanding of Markets products and activities.
• Experience in product governance matters, strong expertise in identifying and managing operational risks.
• Proven capacity to thrive under pressure, adhere to deadlines, prioritise and manage multiple projects in a fast paced, highly matrix, dynamic environment.
• Ability to work effectively in a cross-functional organization
• Outstanding written and verbal communication abilities. Candidate is expected to produce clear and concise written and verbal communication at different seniority levels, articulating complex problems and solutions through concise and clear messaging.
• Proficiency in legal affairs: The candidate must possess a strong understanding of regulatory, legal and governance policies and procedures. Such knowledge will be crucial for formulating informed perspectives, influencing decisions, and determining viable implementation strategies. Comfort and confidence in navigating legal matters are imperative for this role.
• Proven capacity to excel in a team environment and collaborate with peers. It is essential for the candidate to be able to guide decision-making processes and drive strategic initiatives in a collaborative manner, ensuring alignment and fostering a positive work environment.
• Demonstrated ability to exercise sound judgment, making autonomous decisions with minimal supervision when required. This includes the capacity to analyse complex situations, identify potential solutions, and select the most appropriate course of action
• To be a proactive, innovative thinker, able to deliver change through constructively challenging the status quo and enhance efficiency, while adhering to the highest risk management and governance standards.
• Extensive prior experience in Markets activities.
• Up to date understanding of key risk and control concepts, tools and risk trends.

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Job Family Group:

Institutional Trading

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Job Family:

Structuring

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Full Time Salary Range:

$200,000.00 - $300,000.00

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.

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Anticipated Posting Close Date:

May 08, 2025

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