Product Manager

Citi • Tampa, FL

14d • $123,900 - $147,500 • Hybrid

About The Position

Citibank, N.A. seeks a Product Manager for its Tampa, Florida location. This role involves performing analysis and assessment of risks and controls in securities and derivatives processes, reviewing business requirements documents, and identifying gaps in current operational processes. The Product Manager will establish potential operational controls for development, assess operational asks for development to determine impact and priority within Citi’s global development project, and manage projects using Agile methodology. Key responsibilities include implementing changes specific to the Custody business for securities and derivatives operational processing, developing product offerings for securities processing and hedge fund activities, and working with securities markets rules and regulations. The role also entails executing client value propositions, overseeing the product roadmap, development, launch, and marketing, and managing product delivery, client experience, and client communication strategies. Additionally, the Product Manager will review client and competitor market research, develop product innovation roadmaps, consider credit and liquidity review for client transactions, develop plans and execute strategies, track KPIs and SLAs, prioritize and remove obstacles, address product commoditization challenges, oversee the program life cycle, assist with internal and external audit activities, contribute to financial performance goals, identify and execute opportunities in business plans, develop and communicate business plans, and coordinate team procedures and client problem resolutions. The role also involves working with external partners to develop products, manage vendor relationships, and prepare agreements. A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite, in accordance with Citi policies and protocols.

Requirements

• Requires a Bachelor’s degree in Operations Research, Finance or a related field and 6 years of experience as a Product Manager, Securities & Derivatives Analyst, or related position involving Securities & Derivatives operations, project management and product development implementing financial core custody and controls for a global financial services institution.
• Alternatively, employer will accept 8 years of the specified experience.
• 6 years of experience must include: Performing credit and liquidity review for client transactions within credit risk guidelines; Assisting with internal and external audit activities; Tracking KPIs and SLAs for the Custody business; Working with securities markets rules and regulations including Central Securities Depositories: Euroclear UK & Ireland, Euroclear S.A/N.V, Euroclear France, Euroclear Nederland, Clearstream Europe AG, Eurex Clearing AG; Client Money Asset Return (CMAR) to the FCA, Monthly Client Asset Report (MCAR) to Bank of Ireland; Developing product offerings for securities processing and hedge fund activities; Running Securities and Derivatives operational processing; Contributing to Custody Product Development initiatives; Managing projects through Agile methodology.

Nice To Haves

• Wholesale Lending Operations Management.

Responsibilities

• Perform analysis and assessment of risks and controls in securities and derivatives processes.
• Review business requirements documents.
• Identify gaps in current operational processes.
• Establish potential operational controls for development.
• Assess operational asks for development to determine impact and priority within Citi’s global development project.
• Project management using Agile methodology.
• Implement changes specific to the Custody business for securities and derivatives operational processing.
• Develop product offerings for securities processing and hedge fund activities.
• Work with securities markets rules and regulations including Central Securities Depositories: Euroclear UK & Ireland, Euroclear S.A/N.V, Euroclear France, Euroclear Nederland, Clearstream Europe AG, Eurex Clearing AG, Client Money Asset Return (CMAR) to the FCA, Monthly Client Asset Report (MCAR) to Bank of Ireland.
• Execute client value propositions, positioning, segmentation, pricing, targeting, channel strategies, and competitive differentiation.
• Oversee the product roadmap, development, launch, and marketing, to gain maximum benefit from each product.
• Oversee product delivery, client experience, and client communication strategies.
• Review client and competitor market research and develop product innovation roadmaps.
• Consider credit and liquidity review for client transactions within credit risk guidelines.
• Develop plans, execute strategies, and provide input into decisions.
• Track KPIs and SLAs for the Custody business.
• Prioritize, negotiate and remove obstacles to achieve business results.
• Address fundamental trials of product commoditization to create an advanced set of solutions.
• Oversee program life cycle including market demands, technology trends, and the competitive field.
• Assist with internal and external audit activities.
• Contribute to achieving targets, product financial performance, revenue performance, and expense management goals.
• Identify and execute opportunities and gaps in business plans.
• Develop and communicate business plans to approach the marketplace.
• Coordinate and implement team procedures, client problem resolutions.
• Work with external partners to develop products, manage vendor relationships, and prepare agreements.

Benefits

• medical
• dental & vision coverage
• 401(k)
• life, accident, and disability insurance
• wellness programs
• paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays

What This Job Offers

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