Head of Insurance

Citi • New York, NY

2d

About The Position

The Head of Insurance manages multiple teams of senior professionals through other senior managers. The job requires a broad and comprehensive understanding of the different systems, theories, and practices relevant to the function, as well as practical experience of multiple business cycles. In-depth knowledge of the industry and direct competitors' products/services is also necessary in order to contribute to the commercial objectives of the business. Requires thorough understanding of the strategic direction of the function within the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise. Excellent communication skills are required in order to influence a wide range of audiences. The job will involve both internal and external negotiations which will have a major impact on the area managed, and possibly on other related areas and the organization as a whole. Develops medium- to long-term plans and executes functional strategies for a large/complex country, cluster of countries, or business requiring coordination and integration across units. Provides input into strategic decisions affecting the job family or function within a region or business. Full management responsibility of multiple teams, including management of people, budget, and planning. Has authority to negotiate and make independent decisions on issues/activities that have critical impact or influence on company revenues, capital, or business operations. This role sits on the highest functional leadership team within a global business.

Requirements

• 15+ years of experience; 15+ years industry experience with focus on Insurance
• Series 7, Series 24
• Solid track record of sales achievements and skills
• Excellent communication, presentation, and team-building skills
• Ability to travel extensively throughout the region
• Experience in delivering high-quality service to UHNW/Corporate Clients
• Advanced Degree (MBA, CFA, CAIA)

Nice To Haves

• Fluency in a foreign language is desirable

Responsibilities

• The Head of Insurance will be responsible for leading and executing the strategy for Insurance globally
• Driving investment sales by delivering and positioning in the region Citi Private Bank’s Managed Investments offering and platform
• Designing and executing a holistic business strategy for the Insurance offering
• Leading and coordinating with internal product partners, bankers, and investment counselors on various sales efforts across investment products and solutions
• Working together with the global team on product and distribution development, demand assessment, and product management
• Deliver the Insurance Revenue and AUM plan for the region
• Lead and motivate a group of Specialists for regional and product coverage
• Develop, drive, and innovate Regional/Global Initiatives
• Responsible for partnering with members of the Investments Leadership Team and Market Executives for effective delivery of messages and services and to drive strategic priorities
• Develop and maintain comprehensive knowledge of complex products and actively participate in client and prospect meetings
• Work closely with internal partners (IC, Bankers) to help them grow their investments business
• Interact effectively with functional partners across the organization (Legal, Compliance, IPR, Research and Due Diligence, etc.)
• Actively participate in the various Regional Sales Calls
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's 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, as well as effectively supervising the activity of others and creating accountability with those who fail to maintain these standards.

Benefits

• In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.
• Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs.
• Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.
• For additional information regarding Citi employee benefits, please visit citibenefits.com.
• Available offerings may vary by jurisdiction, job level, and date of hire.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level