Full-Time

OTC Margin Operations Manager

VP

Posted on 12/10/2024

Citigroup

Citigroup

10,001+ employees

Global financial services and banking provider

Compensation Overview

$92k - $138kAnnually

+ Incentive Awards + Retention Awards

Senior, Expert

Cheektowaga, NY, USA

Hybrid role; specific in-office days not mentioned.

Category
Risk Management
Sales & Trading
Finance & Banking
Required Skills
Risk Management
Data Analysis
Requirements
  • BS/BA degree or equivalent work experience preferred
  • People management experience (direct staff)
  • Significant experience within the financial industry
  • 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
  • Self-reliant, good problem solver, results oriented
  • 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.
Responsibilities
  • Manage a team of about 5 to 6 direct staff and 10+ off-shore indirect team members
  • Managing an effective and robust end to end control framework that fully meets Audit, Compliance and Regulatory requirements
  • Ensuring the infrastructure and tools are in place to effectively manage risk and service our clients to a high standard
  • Involved in short- to medium-term planning of actions and resources, and exercises control over policy formulation and planning
  • Manages complex and highly variable issues associated with collateral and Margin with significant potential impact across multiple operations areas, weighing various alternatives and balancing potentially conflicting needs
  • Builds effective relationships with clients; facilitates, influences and enables change
  • Presents data and analyzes/validates to develop valued added solutions to increase productivity and efficiencies, mostly but not limited to, collateral and margin
  • Applies comprehensive understanding of concepts and procedures within collateral and margin and basic knowledge of other areas (middle office, settlements, control, etc.), to resolve issues that have impact beyond own area
  • Accountable for integrity of process, operations and end results. Implements a successful risk/control environment related to collateral and/or margin processes
  • Utilizes exceptional communication and interpersonal skills in order to build effective relationships and influences and negotiates, often at senior levels (across functions)
  • Leads by example in support of organizational initiatives by exhibiting in-depth knowledge of products and issues and proactively seeks opportunities to work across silos
  • Holds a degree of responsibility and demonstrates a sense of ownership for the strategy of a department, program or project
  • 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
Desired Qualifications
  • Energetic, flexible, collaborative, and proactive; a leader who can positively and productively add product impact to both strategic and tactical technology

Citigroup provides a wide range of financial products and services to various clients, including consumers, corporations, and governments. Its services encompass consumer banking, credit, corporate and investment banking, securities brokerage, and wealth management. Citi operates in over 160 countries, utilizing its extensive global network and technology to offer solutions tailored to its diverse client base. Unlike many competitors, Citi's strength lies in its comprehensive suite of services and its ability to facilitate international trade and investment. The company's goal is to manage financial assets effectively while also committing to sustainability and social responsibility through significant investments in environmental, social, and governance initiatives.

Company Size

10,001+

Company Stage

IPO

Headquarters

Tel Aviv-Yafo, Israel

Founded

1812

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Simplify's Take

What believers are saying

  • Citi's partnership with Mastercard enhances its position in the digital banking sector.
  • 'Green Deposits' align with the growing demand for sustainable banking products.
  • Citi's involvement with Jumia taps into the expanding African e-commerce market.

What critics are saying

  • Increased competition from digital platforms like Versana may challenge Citi's market share.
  • Citi's partnership with Jumia exposes it to risks in the volatile African e-commerce market.
  • Regulatory challenges may arise from Citi's collaboration with Mastercard for Google Pay Plex accounts.

What makes Citigroup unique

  • Citi's global reach spans over 160 countries, offering unmatched international banking services.
  • The company integrates ESG initiatives, appealing to environmentally-conscious investors and customers.
  • Citi's technological infrastructure supports innovative solutions in consumer and corporate banking.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Wellness Program

Paid Vacation

Paid Sick Leave

Paid Holidays

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