Local Fund Custody Team Head

Citi; New York (NY); On-site; USD 150,000 - 210,000; Full time

Job summary

Citi is seeking a Local Fund Custody Team Head in New York to lead the securities and derivatives processing group. The role drives seamless settlement, oversees a team, and partners with trading desks and operations to ensure accurate, timely processing and risk control.

The ideal candidate has 6–10 years of relevant experience, strong leadership, and proven communication skills. A Bachelor's degree is required, with a Master’s preferred.

Qualifications

• 6-10 years of relevant experience.
• Required licensing/registration: Series 9
• People management experience.
• Consistently demonstrates clear and concise written and verbal communication skills.

Responsibilities

• Develop and implement initiatives related to securities and derivatives settlement.
• Resolve complex client requests through discovery and due diligence.
• Analyze escalated issues and recommend corrective actions.
• Contribute to processing standards for securities and derivatives teams.
• Create plans and procedures that drive cost savings.
• Oversee daily post-settlement activities and performance.
• Suggest improvements to settlement processes and client service.
• Coordinate with internal/external clients to assess service quality.
• Mentor juniors and advise staff.
• Maintain risk controls and regulatory compliance.

Skills

People management

Written and verbal communication

Education

Bachelor's Degree/University degree or equivalent experience

Master's degree preferred

Tools

Series 9

Job description

Local Fund Custody Team Head

Discover your future at Citi

Working at Citi is far more than just a job. A career with us means joining a team of approximately 219,000 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.

Job Overview

The Sec & Derivatives Sr. Mgr. is a senior management level position responsible for accomplishing results through the management of a team or department in an effort to process orders and transactions originating from trading desks and branch offices in coordination with the Operations - Transaction Services team. The overall objective of this role is to ensure the seamless delivery of securities and derivatives transactions.

Responsibilities

• Develop and implement business initiatives, client solutions, or projects affiliated with securities and derivatives settlement
• Solve complex inquiries, conduct discovery and complete due diligence activities for client requests
• Provide detailed analysis of escalated issues when necessary and recommend actions for resolution
• Contribute to processing standards and expectations for securities and derivatives processing teams
• Develop and implement business plans, policies, and procedures that offer solutions and cost saving opportunities
• Manage daily performance related to securities and derivatives post-settlement activities of operations processes
• Propose solutions to implement settlement process improvements, client service enhancements, or overall technology enhancements
• Coordinate with internal and external clients to assess service quality and identify areas for improvement
• Act as an advisor to new/junior staff
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm’s reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Qualifications

• 6-10 years of relevant experience
• Required licensing/registration: Series 9
• People management experience
• Consistently demonstrates clear and concise written and verbal communication skills

Education

• Bachelor's Degree/University degree or equivalent experience
• Master's degree preferred

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

Operations - Transaction Services

Job Family

Securities and Derivatives Processing

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.

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 Citi's EEO Policy Statement and the Know Your Rights poster.