Assistant Vice President – Eligible Collateral Schedule Negotiator – Markets Operations
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Markets Operations represents the evolution and transformation of Operations in the Finance Industry which creates a uniqueness about how we deliver our products and solutions. We take pride and are passionate about our People and our culture.
We are invested in you, your experiences, development, and in building a successful career for you at Citibank. We are modernizing everything we do; allowing flexibility and 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 post execution Operations teams including product aligned Middle Office groups, Settlements, Margin, Asset Servicing, Listed Derivative, Clearing & 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 Derivatives, Clearing and Foreign Exchange Prime Brokerage) 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 the core of all activity at the Firm and have significant impact across the lifecycle of a trade. We partner extensively with a range of internal stakeholders such as 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 service performance and strategic partnerships with top tier clients, where we play a key role in supporting global clients to ensure they have a first-class experience when doing business with Citi.
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 continuous evaluation 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. Team/Position Overview: The Collateral Schedule Negotiations team supports global Markets businesses working across products, regions, and divisions, with a broad range of stakeholders.
The objective of the team is to deliver efficient, controlled, and scalable collateral optimization, supporting cost reduction and capacity growth. The team undertakes the negotiations of eligible collateral profiles for uncleared derivatives.
This includes both bilateral and triparty arrangements. The group maintain and update negotiation templates, ensuring compliance with applicable regulations. Additionally, the schedules need to align with credit risk tolerances, collateral optimization objectives and operational capabilities.
What you’ll do Demonstrate and develop knowledge of collateral definitions and regulations surrounding uncleared derivatives margin regulations. Provide white glove client service by facilitating a seamless negotiation and execution experience of collateral schedules.
Ensure processes are well designed and implemented, with sound governance, procedures, workflows and controls. Drive best practices. Participate in transformation initiatives driving risk reduction, cost reduction, client service excellence & revenue opportunities.
Partner closely with key stakeholders such as Legal, Operations, Technology, Client Onboarding, Markets businesses, and risk functions. Help develop talent, support their growth, and promote a culture of continuous improvement by cultivating a robust service and control environment.
What we’ll need from you BA/BS degree preferred Relevant experience in: Agreement Management, CSA and Eligible Collateral Schedule Negotiations, Client Onboarding, Derivatives Confirmation Drafting, Collateral and Margin Management, with a strong appreciation of uncleared margin regulations, securities products, practices, risks, and regulations.
Familiarity with triparty collateral management platforms Experience in a sensitive client-facing role Strong attention to detail Effective communicator Strong risk management mindset Collaborative, proactive, influential, results orientated leader who can provide a positive impact through both strategic and tactical delivery What we can offer you: This role offers the opportunity to build an in-depth knowledge of financial services operations.
Every day there will be new business challenges that will help you develop new skills that can drive your career. 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 London, 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-BH1 ------------------------------------------------------ Job Family Group: Operations - Transaction Services ------------------------------------------------------ Job Family: Securities and Derivatives Processing ------------------------------------------------------ Time Type: Full time ------------------------------------------------------ Most Relevant Skills Please see the requirements listed above. ------------------------------------------------------ Other Relevant Skills For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------ 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.
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