Derivative Settlements Operations – Product Development; Vice President

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Citi Market Operations is currently at a pivotal point in its evolution and journey to implement a target operating model. We take pride and are passionate about our People and our culture. We are invested in people and their development. We are transforming and simplifying our operating model creating an exciting environment which encourages diversity of thought and inclusion.

We are a dynamic, global and diverse Organisation, with a presence in over 60 Countries; covering all post execution Operations teams including product aligned Middle Office groups, Settlements, Margin, Asset Servicing, Listed Derivative & Commodities Operations. We support an extensive range of Capital Markets products and services including Fixed Income (FX, Rates, Credit, Muni, Cash and Derivatives) where Citi is consistently a dominant top 3 player in the market, Equity (Cash, Derivatives, Prime Brokerage, Futures, Listed Derivs, FXPB) where Citi has a significant growth program to continue to build out its capabilities and services;

and Syndicates where we support both FI and EQ new issues and IPOs.

Markets Operations at Citi has embarked on a significant, multi-year transformation covering all aspects of designing and delivering a future state target operating model: risk and controls, regulatory compliance, process re-engineering, automation, people and culture, data transformation, technology investment and client service. This is a large and complex undertaking.

The Markets Operations Cash Management Treasury Operations Transformation team has been formed to support stakeholders both within Operations and across the bank, to design and deliver this multi-year transformation roadmap. Our transformation is underpinned by strategy, investment, change execution and a market-leading Cash Management change delivery team focusing on programme and project management, business analysis, process re-engineering, low code application development and PMO.

The Derivatives Settlements Operations team is currently recruiting for a Product Development VP. This leadership role is critical to our transformation agenda, responsible for leveraging data analytics to redefine our OTC Settlements and Payments operating model. The successful candidate will spearhead data-driven initiatives to deliver tangible control enhancements and significant commercial benefits. By analyzing complex datasets, you will uncover optimization opportunities and partner with Operations, Technology, and Product teams to design, validate, and execute a best-in-class platform and process strategy.

• Gain in-depth expertise of Citi’s OTC derivative products and Payments flows & operations platforms
• Lead forensic reviews of operational processes to diagnose underlying issues and inform the design of strategic, sustainable solutions
• Conduct in-depth analysis of large-scale settlement and payment datasets to identify key optimization opportunities, process inefficiencies, and control weaknesses.
• Translate analytical insights into compelling, data-backed business cases and investment proposals that clearly articulate cost-benefit analysis and risk mitigation advantages
• Deliver detailed business requirements for Technology coding.
• Partner with Technology and Process Engineering teams to develop and implement advanced KPI visualizations, process maps and dashboards, transforming raw data into strategic business intelligence.
• Champion the practical application of AI, low-code automation, and generative AI tools to accelerate analysis and pioneer new approaches to operational challenges.
• Identify and manage relationships with key stakeholders across the organization, ensuring project scope is aligned with business objectives and driving the successful execution of delivery plans.
• Drive adherence to established…