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Mid-level Derivatives & Margining Operations Officer – Hybrid role in Singapore.
Focus on FX, OTC derivatives, margining, automation, and operational control.
Job 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 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 front 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.
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 partnership for 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 Citi’s innovation labs to drive optimization, and overall play a pivotal role in 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 our domain 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 measured risk, 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 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.
At Citi, we get to connect millions of people across hundreds of cities and countries every day. And we've been doing it for more than 200 years. We do this through our unparalleled global network. We provide a broad range of financial services and products to our clients – whether they be consumers, corporations, governments or institutions – to help them meet their biggest opportunities and face the world's toughest challenges.
Shape your Career with Citi
Citi’s Markets business provides world-class solutions and an unmatched global presence. We serve corporates, institutional investors and governments from trading floors in almost 80 countries. The strength of our underwriting, sales and trading and distribution capabilities span asset classes and currencies, providing us with an unmatched ability to meet the needs of our clients.
We’re currently looking for a high caliber professional to join our team as Officer, Securities & Derivatives Analyst 2 - C10 - Hybrid (Internal Job Title: Securities and Derivatives Processing - C10 ) based in Changi , Singapore . Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
- • Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
- • (Optional) We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
- • Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
- • We have a variety of programs that help employees balance their work and life.
Citi’s Securities Services (SS) supports our clients’ business by drawing on the strength of our unmatched global footprint, which provides them with access to local expertise and scalable solutions to support their ambitions.
In this role, you’re expected to:
Reporting into Singapore Markets Ops Leadership Team, the primary responsibility of the Derivatives and Margining Operations Manager will be:
- • Proactive engagement with Singapore country and APAC Regional Markets Operations stakeholders (Business, Technology, Finance/PCG, Legal, Operations) in order to support the business and clients trading in Markets products, such as FX, FX Option and OTC Derivatives products.
- • Play a key role in managing the end to end process of the Derivatives and Margining Operations functions, such as trade verification, confirmation generation, settlement, reconciliation, margin call/posting etc.
- • Contribute in the implementation of sustainable processes, automation/migration initiatives, and standard adherence to policies.
- • Working very closely with Operations Control on developing and adhering to an effective control framework that fully meets Audit, Compliance and Regulatory requirements; delivery of periodic presentations to external regulators as required.
- • Involvement in shaping/building standardized and sustainable operational workflow and service standards for new product/production variations launches by Global/APAC Markets business. ie. NPAC process.
- • Ensuring robust infrastructure and tools (Dashboards, MIS, Alerts etc.) are in place to effectively manage risk and service our clients to a high standard.
- • Involvement in preparing & publishing strong MIS information for regular Management Updates
- • High level of focus on digitization, automation and elimination of manual touch points (MTP).
People Agenda:
- • Involvement in the successful People and Engagement strategy to help attract, develop, retain and recognize a diverse and talented global workforce
- • Promoting a culture of continuous improvement and cultivating a robust service and control environment
- • Engaging with and leading our People. Developing effective and diverse teams across a global footprint
- • Championing diversity and inclusion to create a working environment which allows our People to thrive and excel
- • 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.
Qualifications and Skills:
Degree or equivalent work experience preferred
3-5yr+ years of experience in Tier 1 global financial institutions including extensive experience in handling large projects delivering operational activities, especially in FX, FX Option, OTC Derivatives and Margining processes.
Experience in delivering strategic change programs spanning multiple years in a fast paced, large global financial services firm, ideally in an operations organisation
Energetic, flexible, collaborative, and proactive; a leader who can positively and productively add product impact to both strategic and tactical technology
Strong, influential communicator who is articulate and concise, demonstrated success interacting with senior management both in the business, corporate functions as well as the Operations, Business and Technology environments
Strong risk management and control mindset
Provides evaluative judgment based on analysis of factual information in complicated, unique and dynamic situations; draws on diverse range of internal and external sources
Self-reliant, good problem solver, results oriented
Demonstrated experience leading people and developing effective and diverse teams.
Ability to establish and build trust with professionals throughout the business as a leader, advisor and business partner to the organization with a clear client orientation.
Strong awareness of both external and internal best practice perspectives, maintaining a balanced and fresh viewpoint.
Ability to conceptualize aspects of the organization’s model and its future development.
Job Purpose:
Reporting into Singapore Markets Ops Leadership Team, the primary responsibility of the Derivatives and Margining Operations Manager will be:
- • Proactive engagement with Singapore country and APAC Regional Markets Operations stakeholders (Business, Technology, Finance/PCG, Legal, Operations) in order to support the business and clients trading in Markets products, such as FX, FX Option and OTC Derivatives products.
- • Play a key role in managing the end to end process of the Derivatives and Margining Operations functions, such as trade verification, confirmation generation, settlement, reconciliation, margin call/posting etc.
- • Contribute in the implementation of sustainable processes, automation/migration initiatives, and standard adherence to policies.
- • Working very closely with Operations Control on developing and adhering to an effective control framework that fully meets Audit, Compliance and Regulatory requirements; delivery of periodic presentations to external regulators as required.
- • Involvement in shaping/building standardized and sustainable operational workflow and service standards for new product/production variations launches by Global/APAC Markets business. ie. NPAC process.
- • Ensuring robust infrastructure and tools (Dashboards, MIS, Alerts etc.) are in place to effectively manage risk and service our clients to a high standard.
- • Involvement in preparing & publishing strong MIS information for regular Management Updates
- • High level of focus on digitization, automation and elimination of manual touch points (MTP).
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.
Equal Opportunity/Accessibility Statement:
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.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .
View Citi’s EEO Policy Statement and the Know Your Rights poster.