Prime Services - Futures and Derivatives Clearing Product Development, VP

Keane & Beane, P.C.; Denver (CO); On-site; USD 129,000 - 195,000; Full time

Job summary

A leading financial services firm is seeking a Senior Product Development professional for the Futures and Derivatives Clearing team. This role focuses on enhancing products throughout their lifecycle, ensuring efficient management of projects while interfacing with clients and various departments. Candidates must have strong industry experience and a thorough understanding of derivatives clearing to successfully drive strategic initiatives.

Qualifications

• 7+ years of experience in Derivatives Clearing is essential.
• Technical understanding of post trade clearing systems and process.
• Must be able to plan and organize own workload within tight deadlines.

Responsibilities

• Define, produce and promote post trade products efficiently.
• Drive product development in key strategic business areas.
• Collect client feedback and prepare detailed concept definitions.

Skills

Communication

Project Management

Analysis

Education

Bachelor's degree

Master's degree

Job description

The Futures and Derivatives Clearing Product Development team is part of the Global Equities division. Product Development is the business process to actively manage products throughout their lifecycle. The successful candidate will be part of a post trade business product development focused on Derivatives Clearing (Futures, OTC, FXPB) products and projects, with a special focus on Futures products. They will be responsible for providing business input, strategic and functional direction on the projects with focus on managing the Client impact and Client Executive/Sales communication. They will act as the key link between our Client facing Sales and Client Executives teams, Product Managers, Operations and Technology.

Responsibilities:

• Define, produce and promote post trade products efficiently and effectively
• Define, deliver/review business requirements for Product Development, ensuring that a structured approach to market analysis is adopted, commercial judgement is exercised and requirements are agreed by all key stakeholders
• Drive product development in key strategic business areas such as connectivity to new clearinghouses, rollout of additional cleared products, and challenging the status quo while driving continuous product improvement
• Collect client feedback on initial concepts in a structured manner and prepare detailed concept definition for all core functional areas, with input from Citi SMEs (technology etc.)
• Work closely with Ops Change Management to ensure that all the non-technical deliverables that make a successful product release are covered
• Work closely with technology to produce detailed product roadmaps outlining the strategic direction & deliverables
• Implement key projects and business initiatives assigned to the group
• Assist with implementing systems or process flows enhancements in order to improve efficiency and client service
• Generate product awareness among users, working closely with Sales and Client Executive teams
• Assess new enhancement requests and prioritize according to Criticality, Effort and Resourcing levels
• Oversee testing, release and support process
• Appropriately assess risk/reward of transactions when making business decisions; demonstrating proper consideration for the firm's reputation
• Be familiar with and adhere to Citi's Code of Conduct and the Plan of Supervision for Global Markets and Securities Services
• Adhere to all policies and procedures as defined by your role which will be communicated to you
• 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.

Qualifications:

• 7+ years of experience in Derivatives Clearing is essential
• Experience in Futures, FX, IRS, and Credit
• Technical understanding of post trade clearing systems and process
• Series 3
• Business analyst / project management experience
• Must be confident and able to communicate (both written and verbal) effectively at all organizational levels
• Must be able to plan and organize own workload within tight deadlines and be able to work under pressure
• Display initiative, a desire to contribute to discussions around process improvement and system enhancements
• Consistently demonstrate tight controls, governance, documentation, standard operating procedures, testing, etc.

Education:

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

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Job Family Group:
Institutional Sales
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Job Family:
Investor Sales
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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 Salary Range:
$129,840.00 - $194,760.00
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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 .