Futures Clearing Operations

Citi is seeking an Assistant Vice President (AVP) candidate within Markets Operations supporting our Exchange Traded Derivatives, OTC Clearing, and FX Prime Brokerage business. Specifically, the role will have a high degree of focus on the tracking and resolving of cash exceptions for Exchange Traded products (Listed Futures - ETD) on markets where CITI has memberships. This includes markets in North America, EMEA and APAC regions. The role requires some knowledge in ETD products and experience on how these products are correctly reconciled across cash types. The candidate will assist in the reconciliation of breaks using CITI internal platforms and partner with internal teams to determine resolutions.

The candidate will report into the Team leader responsible for EMEA ETD Controls and be expected to work with peer colleagues in Tampa, Belfast, London, and Mumbai to assist with break tracking and remedy. The role will join a team of 10 people and will be at the individual contributor level with a high degree of autonomy on investigation, identifying and tracking trends.There is a future significant systems upgrade where the candidate will be expected to contribute to design, testing (UAT) and roll-out.

Citi's Markets Operations group provides a full suite of strategic advisory and financing products to multinational and local corporations, financial and public sector institutions, governments, privately held businesses, and many of the world's most successful and influential individuals and families in more than 160 countries and jurisdictions. We provide world-class financial products and services as diverse as the needs of the thousands of corporations, institutions, governments and investors we serve. With trading floors in more than 80 countries, we work to enrich the relationships, products and technology that define our market-making presence. The breadth, depth and strength of our sales and trading, distribution and research capabilities span a broad range of asset classes, currencies, sectors and products — including equities, commodities, credit, futures, foreign exchange (FX), emerging markets, G10 rates, municipals, prime finance and securitized markets.

Citi's Futures and Derivatives Clearing business consolidates Futures, OTC Derivatives and FX Prime Brokerage activity to provide clients with a comprehensive and consistent service experience
Citi Futures is one of the world's largest participants in exchange-traded derivative markets and has also established itself as a market leader in the evolving OTC Clearing world.

Responsibilities:

• Day to day reconciliation of ETD cash types with a major focus on Exchange Fees and “pass-through” cash types (approx. team size 10)
• Fixing issues that are found and partner with Tech and other teams to fix at source.
• Communication to client service representatives and internal CITI traders on any adjustments required.
• Contribute to balance sheet control to ensure accuracy of revenue and transaction expense settled.
• Identify opportunities to improve controls and simplify processes and take ownership to effect change.
• Drive and lead project initiatives relating to team to ensure resource management and execution of key deliverables.
• Prepare status updates for key stakeholders in a clear and articulate manner that suits the lens of the audience.
• Adhere to all control, compliance and regulatory requirements impacting function.
• Exception reporting and appropriate escalation of issues to Senior Management.
• Responsible for hiring, training, people development and contributing to regional initiatives on an ongoing basis.
• Provide leadership, direction, strategy, oversight and advocacy for functions and processes supported.
• Provide thought leadership to Senior Management by staying abreast of industry trends, technology advancements and competitor processes and procedures.
• Be fully accountable for ensuring team budget and efficiency targets are met annually.

Qualifications:

• Relevant experience related to Futures (ETD) Clearing and/or Markets Operations.
• Experience with Reconciliations or Trade matching or Fees and Brokerage relating to ETD products and controls best practices.
• Demonstrated strong process improvement
• Ability to communicate in a compelling manner with all levels of management and across functional areas – both written and oral. Across global boundaries
• Ability to operate in a highly matrixed and ambiguous environment, navigate through the global framework, handle conflicting priorities with effective time management and problem-solving skills.
• Deeply curious on the “why” behind the “what”. We require someone energetic who has an appetite to continuously improve processes to drive better outcomes and lower risk.
• Logical, analytic and rationale thinker.
• Aptitude for assessing levels of risk and discernment to escalate items of potential concern while addressing remediation plans.

Education:

• Bachelor’s/University degree or equivalent experience.

We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well.

By joining Citi, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as: 

• Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
• A discretional annual performance related bonus
• Private medical insurance packages to suit your personal circumstances
• Employee Assistance Program  
• Pension Plan 
• Paid Parental Leave 
• Special discounts for employees, family, and friends 
• Access to an array of learning and development resources 

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities. 

#LI-AF4

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Job Family Group:

Operations - Transaction Services

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Job Family:

Securities and Derivatives Processing

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Time Type:

Full time

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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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.

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