C

Citi

Runs banking and payments for global clients

Application Development Group Manager

Full-TimeUpdated on 10/23/2026Deadline 12/2/26
$176.7k - $265.1k
Expert
Bachelor's, Master's
Jersey City, NJ, USA
HybridHybrid role in Jersey City; candidates must be within commuting distance or willing to relocate.
Engineering ManagementEngineering Leadership

About the job

Requirements
  • Demonstrated experience working with payment schemes, preferably a Faster Payments scheme, and payment messaging formats such as ISO 8583, ISO 20022, and SWIFT.
  • Experience building enterprise transaction-based systems focused on recovery, stability, reliability, scalability, and performance.
  • Experience transforming legacy systems to technologies suited to business needs.
  • Understanding of object-oriented analysis and design, design patterns, high availability, and concurrent programming.
  • Experience with Java, J2EE, Spring Framework, Hibernate, JPA, application servers, and JMS/MQ applications.
  • Experience building multithreaded applications and troubleshooting complex issues related to them.
  • Experience working across Unix, Linux, and Windows operating systems and with containers.
  • Experience tuning the performance of large technical solutions with significant volumes.
  • Ability to clearly articulate and document technical and functional specifications.
  • Ability to handle multiple complex projects and changing priorities, prioritize work, and manage difficult conversations and negotiations.
  • Ability to deliver quickly, resolve software issues promptly, and respond to management requests.
  • Bachelor's or master's degree in Computer Science, Computer Engineering, or a related technical field, or equivalent practical experience.
  • At least 10 years of relevant experience in the payments landscape, including technical delivery and support.
  • At least 8 years of experience successfully leading globally distributed and large teams.
  • Expertise in payment product processor implementation.
  • Experience managing application run-the-bank needs and production support.
  • Experience in payment strategy, innovation, and technology governance.
  • Project management, interpersonal, and communication skills, with attention to detail.
  • Strong stakeholder management across Business, Solutions, Operations, and Application teams.
  • Organization skills, attention to detail, multitasking, analytical and business skills, and the ability to assimilate key issues and concepts quickly.
  • Ability to influence and collaborate in a matrix environment and build relationships across global teams.
Responsibilities
  • Establish and implement new or revised application systems and programs in coordination with the Technology Team.
  • Coordinate application activities and new projects with stakeholders from product, operations, and other teams, and work with development project managers, development, testing, production support, system administration, database administration, data centre operations, and change control teams for payment platforms.
  • Lead technical delivery of large-scale and complex global software solutions on the payments platform.
  • Lead integration of functions to meet goals, deploy new products, and improve processes.
  • Analyze business and system processes and industry standards to define solutions to high-level problems.
  • Plan assignments involving large budgets, cross-functional projects, or multiple projects using advanced application programming and supported system-flow knowledge.
  • Allocate work and advise and coach developers, analysts, and new team members.
  • Influence and negotiate with senior leaders and communicate with external parties.
  • Assess risks in business decisions, protect the firm's reputation and client assets, ensure compliance with applicable laws, policies, and regulations, exercise sound ethical judgment, and transparently escalate, manage, and report control issues.
  • Provide technical leadership for large-scale, complex software solutions, extending existing platforms through custom development, customization, and integration with in-house and vendor solutions.
  • Provide technical leadership for global software solutions for payment processor platforms.
  • Interpret business strategy and determine technology solutions; manage and evaluate data and innovation pipelines.
  • Design, research, develop, analyze, and recommend solutions that support strategic decision-making and go-to-market processes.
  • Design payment flows and provide solutions.
  • Work with Program Management and Quality Control teams to deliver quality software to agreed project schedules.
  • Comply with Citi's System Development Lifecycle and Information Security requirements.
  • Promote teamwork and relationships across global teams, and improve code quality, testability, and reliability continuously.
Desired Qualifications
  • Experience with a Faster Payments scheme from any country is preferred.

About the company

Citi runs banking, investment and payment services for companies, governments and individuals around the world. Its global network connects institutions with local banking systems, while its US consumer business sells credit cards and deposit accounts. Corporate clients use Citi to manage cash, finance trade and raise capital, and investors use its trading, custody and wealth services to hold and manage assets. The bank earns interest on loans and fees from payments, securities transactions, financial advice and account services. Citi traces its banking roots to 1812; the Citigroup holding company was formed in 1998, and its headquarters are in New York City.

Company Size

10,001+

Company Stage

IPO

Headquarters

New York City, New York

Founded

1812

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Simplify's Take

What believers are saying

  • Revenue is expanding: Citi reported $24.8 billion in the June 2026 quarter, up 14% year over year.
  • US parents get protected time: eligible Citi employees receive 16 weeks of bonding leave at full base pay.
  • Institutional deposits are sticky: Citi says around 80% of Services deposits come from clients with relationships exceeding 15 years.

What critics are saying

  • Lending losses remain substantial: Citi's net credit losses reached $2.4 billion in the June 2026 quarter.
  • Australian hybrid roles require office time: Citi sets a minimum of three office days weekly for designated hybrid positions.
  • Job cuts carry a cost: Citi booked roughly $500 million in severance in the March 2026 quarter.

What makes Citi unique

  • Corporate payments move at scale: Citi processes around $6 trillion daily through its Treasury and Trade business.
  • Deposits move beyond banking hours: Citi Token Services transfers cash between participating Citi branches around the clock.
  • Employees use a shared AI workspace: Citi's Stylus platform reaches over 180,000 people for research and multi-step workflows.

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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

Company News

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team.blue, a pan-European provider of digital services for small and medium-sized businesses, has extended €1.1 billion of its €1.35 billion Term Loan B. The Ghent-based company, backed by Hg, CPP Investments and Sofina, priced the deal on October 22, 2026. The refinanced tranche now matures in July 2032, instead of September 2029. About 90% of the company's term debt now falls due in 2032. Demand was strong. The deal was upsized twice from an initial €500 million, making it the largest software euro term loan issuance in the last 12 months. It priced at E + 425bps with an original issue discount of 98.5. "The depth of support from our institutional investor base allowed us to go much further," said chief financial officer Jonathan Thackray.

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BBX
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Yahoo Finance
Oct 21st, 2026
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Citi's Tyler Radke says AI is splitting software into winners and losers. Radke, co-head of US software equity research, told Bloomberg Television that AI is lifting growth at Microsoft, Palantir, and Snowflake. He expects Microsoft's revenue growth to top 20%, up from 18% in the quarter ended June 30. Office costs under $100 a month and bundles security and Copilot, while rivals charge hundreds of dollars, leaving room to raise prices. Adobe and smaller application vendors face pressure as IT budgets shift to AI, he said. Salesforce agreed to buy Braze for $47.50 per share in cash. Radke questions whether Salesforce can speed up organic growth after half a dozen large deals. If financing stays costly, he expects scale to decide who survives.

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Oct 20th, 2026
Citigroup prices $1.7B callable senior notes due 2030 with 4.135% fixed coupon

Citigroup priced a €1.5 billion offering of callable senior notes due October 26, 2030, according to a filing dated October 19, 2026. The notes were offered at 100.000% of par and settle on October 26, 2026. Net proceeds are €1,496,250,000 before expenses. The notes pay a fixed 4.135% annually until October 25, 2029. After that, they pay quarterly at three-month EURIBOR plus 0.795%. Citigroup may redeem the notes from April 26, 2027, at a make-whole price, or at par on October 26, 2029, or from September 26, 2030. The notes are rated A3 by Moody's, BBB+ by S&P, and A by Fitch. Citigroup will apply to list them on the Luxembourg Stock Exchange.