Margin Operations Senior Analyst - AVP hybrid at Citi

Job Description

Organization Overview: Citi Markets 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 our People and their development. We are transformingand simplifying our operating model, creating an exciting environment which encourages diversity of thought and inclusion. We are a dynamic, global, and diverse Organization, with a presence in over 60 Countries; covering all front post execution Operations teams including product aligned Middle Office groups, Settlements, Margin, Asset Servicing, Listed Derivative & CommoditiesOperations. 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. Our Operations groups are core to the success of the Markets business and have significant impact across the lifecycle of a trade. We partner extensively with a range of internal stakeholders including Front Office Sales and Trading Desks, Compliance, Legal,Finance and HR; alongside having significant interaction with our external client base, playing a key role in the overall client experience. We have a Client relationship group, dedicated to overseeing the Organizational service performance and strategic partnershipfor our top tier client base, where we play a key role in supporting our global clients to ensure they have a first-class experience when doing business with Citi. Our Business Intelligence and Process Re-engineering group works alongside our Operations teams delivering automation solutions to solve for operational challenges. We partner with Citis innovation labs to drive optimization, and overall play a pivotal rolein enabling us to transform to achieve our target operating model. Our Technology partners develop and implement a wide range of applications that support the Operations, Change, Design and Implementation groups in providing innovative products and solutions. We have re-imagined how to provide technology and service in ourdomain through the alignment of our team vision, culture, and aggressive retirement plan for legacy applications and adoption of a micro-based containerized cloud environment. We encourage our people to create, explore and be adventurous whilst taking measuredrisk, adopting safe practices to protect the firm. Data lineage and optimization is core to how we develop our eco system. We are growing our capabilities using artificial intelligence, natural language processing and machine learning. Our roles entail ensuring we operate in a robust control environment, whilst in a fast-paced workplace. We comply with global regulations and internal policies and adopt a proactive approach to identifying opportunities to reduce risk through the continuousevaluation of our controls; to protect our clients, the firm, and our reputation. We work closely with our external global peers, partners, and regulators, and play an integral part in leading an agenda at the forefront to optimize and streamline processes and drive strategy across our industry. Job Purpose: Margin Operations is part of Markets Operations and helps mitigate credit risk and comply with regulatory requirements through the completion of core responsibilities that include: (i) margin calls processing to ensure successful receipt and/or payment of agreedand eligible collateral, (ii) collateral optimization, (iii) resolution and escalation of exceptions (fails/cash breaks/margin disputes, etc) and (iv) regulatory compliance through collecting/posting of eligible collateral, completing portfolio reconciliationsand providing client valuations. Margin Operations plays a significant role in supporting both internal and external clients throughout the end-to-end margin process and covers the following products: (i) OTC Derivatives, (ii) Futures/Clearing, (iii) Fixed Income Finance (Repo/TBA), (iv) PrimeBroker and (v) Cross Product Margining. Interaction and collaboration with Front Office (Sales and Trading), Credit Risk, Finance, Legal and Compliance is required as part of the daily margining process. Margin Operations also plays a role in ensuring it is continuously trying to maintain and improve its controls and processes, while ensuring it remains compliant with new regulations as they arise and executing its transformation strategy. The team works closelywith internal Transformation and Technology teams when required to work on such deliverables.

• This is an exciting opportunity to get directly contribute to Citis ongoing transformation agenda, through the channel of the Markets Margin & Derivatives Settlements Operations strategic and regulatory initiatives component of this agenda.
• This is an Assistant Vice President (AVP) role within the Markets Operations Organisation, in the Margin Operations team where you will sit in the newly formed Margin & Derivatives Settlements Strategy team. This is a great opportunity to join a new pillarof the Margin & Derivatives Settlements organization, focused on attracting individuals with a continuous improvement mindset and aptitude for problem solving, and be part of the teams expansion over time.
• The purpose of this job is to increase the Margin & Derivatives Settlements Strategy teams capability to self-generate quality ideas to improve existing processes, play a key role in existing projects on the roadmap, as well as act as a SME/quality controlon new projects or regulations requiring our consideration and our Margin technology team. There is a strong focus on obtaining clear benefits and requirements to allow for effective prioritization. You will play a key role in helping shape the prioritizationof the Margin & Derivatives Settlements Operations senior management agenda and Margin and Derivatives Settlements Technology book of work.
• You will develop a broad and detailed understanding of the Organizations landscape, culture, processes, and Technology.

Risk Management:

Appropriately assess risk when business decisions are made, demonstrating consideration for the firms 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.<l