Investment Advisory Discretionary Solutions Manager

Citi; New York (NY); On-site; USD 170,000 - 300,000; Full time

Job summary

Citi in New York, NY is seeking an Investment Advisory Discretionary Solutions Manager to lead and optimize discretionary programs for Citi Wealth Advisory teams. You will oversee strategy reviews, governance, and risk controls while coordinating with Technology, Legal, Risk and Compliance to drive program enhancements.

You should bring deep investment knowledge, proven project delivery, and the ability to influence senior stakeholders across the organization.

Qualifications

• 10+ years of experience in investment advisory or wealth management.
• Change leadership with ability to execute in ambiguous environments.
• Vision for transforming Citi Wealth Investment Advisory Programs and industry trends.
• Experience delivering high-profile programs and projects.
• Advanced understanding of equities, fixed income, ETFs, mutual funds and options.
• Polished written and verbal communication to influence diverse stakeholders.
• Effective under pressure and accountable for outcomes.
• Ability to challenge FAs and other stakeholders when appropriate.
• Experience using portfolio analytics tools such as BlackRock Aladdin Wealth, Morningstar Direct and Bloomberg.
• Experience with Financial Advisors/Investors in discretionary programs.
• Collaborative approach across multiple teams and organizations.
• Respectful leadership aligned with common purpose.
• Balance strategic thinking with process-oriented execution and attention to detail.

Responsibilities

• Manage a team responsible for qualifying FAs for Discretionary Programs and reviewing strategies.
• Chair governance meetings and prepare minutes for discretionary program reviews.
• Drive progress with Technology, Performance, Legal, Risk, Compliance and others.
• Serve as SME for program offerings and deliver education sessions to audiences.
• Evolve strategic vision to ensure robust oversight while supporting FA discretion.
• Build-out risk management, performance flagging and governance tools.
• Write business requirements and conduct UAT testing for projects.
• Partner with internal stakeholders across the Investment Solutions team.

Skills

10+ years experience

Change leadership

Vision for transformation

Project delivery

Investment strategy knowledge

Stakeholder influence

Pressure resilience

Challenge FAs

Portfolio analytics tools

Discretionary programs experience

Cross-functional collaboration

Respectful leadership

Strategic + execution balance

Education

Bachelor's/University degree

Series 7

Series 66

Tools

BlackRock Aladdin Wealth

Morningstar Direct

Bloomberg

Job description

Job Description

The Investment Advisory Discretionary Solutions Manager will be part of the Citi Wealth Investment Advisory Programs team within Investment Solutions. The Investment Advisory Programs team are responsible for proactively enhancing our Investment Advisory Programs by continually evaluating our offering, in terms of investment products and Programs to both Citi Wealth Financial Advisors/Investors and ultimately to their clients.

Responsibilities

• Manage a team of motivated individuals who are responsible for qualifying FAs for our Discretionary Programs and performing and conducting reviews of their strategies/investment approach on an initial and ongoing basis, with a detailed focus on investment process, dispersion analysis, performance, trading, etc.
• Chair and curate materials for regular, scheduled governance meetings/committees which are responsible for reviewing discretionary strategies on an initial and ongoing basis with key stakeholders, as well addressing escalations/follow-ups and providing meeting minutes
• For both BAU items and strategic projects, drive progress and provide thought leadership through close partnership with various stakeholders including Technology, Performance measurement team(s), Legal, Risk, Compliance Supervision others
• Be one of the subject matter experts for the our Program offerings; Field questions from FA teams and others as it pertains to the Program(s), and deliver presentations/education sessions to various audiences related to Program updates and enhancements
• Evolve and influence the strategic vision for the Program(s) to ensure robust oversight and governance, balancing with an FA's ability to effectively navigate and manage discretionary portfolios
• Continue build-out and implementation of internal and third-party risk management, performance flagging and governance tools
• Write business requirements and conduct UAT testing as required for various projects
• Partner closely with internal stakeholders, including but not limited to legal, compliance, risk, supervision and technology, as well as across the wider Investment Solutions team.

Qualifications

• 10+ years experience
• Accomplished change leader, can execute flawlessly in ambiguous and changing environments and demonstrates both a flexible and resilient approach
• Must possess vision and passion for the transformation of the Citi Wealth Investment Advisory Programs; thought leadership, expertise in understanding trends in the fee-based programs industry, best practices and a perspective on how to enhance current state
• Significant relevant experience managing and delivering high profile projects
• Advanced understanding of various investment strategies and portfolio construction including equities, fixed income, ETFs, Mutual Funds, and options
• Polished written/verbal communication skills with the ability to establish credibility and effectively influence a diverse array of stakeholders across varying levels of seniority
• Effective under pressure and willing to take personal responsibility/accountability
• Ability to effectively communicate and challenge FAs and other stakeholders when appropriate
• Previous experience using portfolio analytic tools such as Blackrock Aladdin Wealth, Morningstar Direct and/or Bloomberg is a plus
• Considerable experience working with Financial Advisors/Investors in the Investment Advisory / Managed Accounts industry, with a focus on Advisor Discretionary solutions
• Demonstrated ability to work collaboratively across multiple stakeholders and organizations – pushes self and colleagues to higher levels of performance by actively listening and engaging in constructive dialogue
• Treats people with respect and assumes the intentions of others are based on common purpose and shared goals
• Ability to balance strategic thinking with process-oriented execution, with a high attention to detail and quality on both internal teamwork and external solutions providers

Education

Bachelor's/University degree

Licenses

• Series 7
• Series 66

Job Family Group: Institutional Sales

Job Family: Investor Sales

Time Type: Full time

Primary Location: New York New York United States

Primary Location Full Time Salary Range: $170,000.00 - $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.

Anticipated Posting Close Date: Feb 27, 2025

Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. 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.

View the "EEO is the Law" poster. View the EEO is the Law Supplement.

View the Pay Transparency Posting.