The Business Unit Manager role is a senior-level position, reporting directly to the Business Execution Lead for Payments Technology. This role is accountable for management of complex/critical deliverables in support of multiple business lines within the Payments Technology organization. These tasks may include managing external audits, business continuity activities or addressing regulatory issues. The Business Unit Manager will be responsible for coordinating and managing activities such as the tracking of business financials, employee headcount and other administrative needs and ad hoc projects as necessary.

Responsibilities:

• Developing a broad and detailed understanding of the organization’s landscape, culture, processes and Technology.
• Drive administrative, operational, reporting and quality improvements through partnership with internal teams
• Manage financial control by applying a comprehensive understanding of the department Profit & Loss (P&L), including appropriate accruals, client allocations, the impact of capitalization, recovery and fixed price contracts in order to improve operational efficiency and productivity
• Responsible for all cross product technology, regulatory and administrative duties in conjunction with the team, including financial, staffing, quality, risk and regulatory matters - communicating key risks, defining mitigation strategies and helping to oversee to resolution to ensure alignment of business goals
• Execute vendor management activities, including ensuring legal requirements are met and coordinating contract negotiation and processing
• Supervision and preparation of the annual financial plan, allocations processes and budget planning, providing regular updates to key stakeholders
• Preparation of materials for Business reviews and Product aligned steering committees, including follow-up of actions to closure.
• Ensure headcount is accurate, real estate is inventoried and planned, and onboarding and termination of resources are managed
• Work with Technology leadership to support the Business People strategy as well as the Communication strategy for the department
• 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:

• 10+ years of experience in financial services
• Experience working in global and complex settings with multiple stakeholders
• Knowledge of the financial services industry and technology, including Profit & Loss (P&L), accruals, client allocations, capitalization, recovery and fixed price contracts
• Understanding Portfolio Financial - forecasting - analytics behind that
• Proven ability to work in a team of diverse skill sets and cultures
• Proven ability to work in high-pressure, time-sensitive environments
• Energetic, flexible, collaborative, and proactive; a leader who can positively and productively add impact
• Self-reliant, good problem solver, results oriented with attention to detail
• 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, 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
• Strong proficiency in Excel and PowerPoint. 

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.

Additional Responsibilities include but not limited to:

• Working with cross functional teams including finance teams to review and finalize quarterly outlook cycles, transfers, functionals and the annual budget process
• Develop financial projections based on risks and opportunities
• Review and manage the month end close and provide variance analysis commentary for senior management reviews
• Develop standardization across financial processes used across multiple verticals by understanding key business drivers and driving efficiencies.
• Ensure compliance with financial guidelines, company policies and relevant legal regulations
• Detail oriented and strategic thinker that can prioritize and multi-task between the several budget priorities

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Job Family Group:

Business Strategy, Management & Administration

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Job Family:

Business Management

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Time Type:

Full time

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Primary Location:

Jersey City New Jersey United States

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Primary Location Full Time Salary Range:

$176,720.00 - $265,080.00

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:

Dec 13, 2024

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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.

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