Institutional Credit Management (ICM) is seeking an experienced Product Developer focusing on Counterparty Credit Risk. This person will work closely with the front office and technology on multiple fronts to help execute strategic goals for counterparty credit risk, while ensuring consistency and alignment with Independent Risk.This team sits at the intersection of first and second lines of defense for counter party credit risk, as a result, requires strong engagement with relevant teams.
In view of heightened expectations from regulators and to ensure a strong and consistent global control environment, Citi continues to enhance its business control and governance framework by building out a new function focusing on Institutional Credit Management (ICM).
Institutional Credit Management (ICM) has been established with the objective to provide an integrated end-to-end credit underwriting, identification, measurement, management and monitoring for wholesale credit businesses across the enterprise.
The Product Developer is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Recognized subject matter expert within one area. Strong commercial awareness is a necessity. Is an acknowledged authority both within and outside area of expertise. Typically a small number of people within the business that provide the same level of expertise. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication is typically required. Provides advanced judgment and conducts in-depth quantitative or qualitative analysis to solve problems and develop new, innovative solutions. Required to think beyond existing solutions, assumptions or current knowledge of sophisticated areas. Significant impact on a function and/or the business through making decisions that determine technical approaches and strategies for the area.
Responsibilities:
* The Product Developer is responsible for all activities related to the development of new products and/or features and functionality of products including developing business cases, requirements definition (BRDs), product enhancements innovation, feature and functionality definition based on market and industry research and trends and client needs
* This role manages the end-to-end product development lifecycle and will also scope product releases, agreeing to and tracking business priorities, incorporating regulatory and compliance requirements and investment tracking
* This role will also define and manage product development processes, scope product releases, identify new opportunities to address business priorities, incorporating regulatory and compliance requirements and investment tracking
* Creates a product vision aligned to business priorities and corresponding road-map to delivery
* Follows market, industry and client trends to own field and adapts them for application Citis products and solutions platforms
* Conceptualizes, plans, prioritizes, coordinates design and delivery of products or features to product release, and serves as product ambassador within user community
* Works in close co-ordination with Technology, Business, Risk Managers and senior stakeholders to fulfill the delivery objectives
* Manages and implements a wide variety of products and solutions
* Has responsibility to deliver significant direct business results and authoritative advice regarding product development that necessitates a degree of responsibility over technical strategy
* Partners with senior business leaders and a widely distributed global user community to define and implement solutions
* Creates clear and specific project plans, business and technical requirements documents for product execution
* Has direct interaction with business managers, technology, and sales to understand their long term vision, discuss industry trends, and incorporate them into the product & solutions strategy
* Focuses on controls and governance, including performing Need-to-Know based security and access reviews, Access Approvals, controls testing and documentation
* 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:
* Subject matter expertise in counterparty credit risk
* Proven track record of successfully managing in a large and complex business
* Intellectual curiosity, analytical and conceptual
* Proactively seeks and develops new opportunities
* Thorough financial acumen and P&L; management experience
* Excellent analytical, interpretive and problem solving skills
* Proven track record of bringing diverse groups and perspectives to work against a common goal
* Ability to maintain momentum and minimize client attrition
* Ability to establish and maintain senior client relationships and to work across multiple facets of Citi businesses
* Process Management knowledge with a propensity for detail and comprehensiveness of content
* Ability to collaborate and clearly communicate with senior members of an organization
* Project Management skills with experience leading large cross functional initiatives
* Proven track record as change agent, with ability to encourage and embrace innovative ideas and solutions
* Knowledge of Forecasting platforms, database management and tools is preferred, not required
* Self-aware with ability to adapt to various situations, rapidly assimilate and report on complex information while creating a future vision
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
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Job Family Group:
Product Management and Development
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Job Family:
Product Development
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Time Type:
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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
It also provides various banking, credit card lending, and investment services through a network of local branches, offices, and electronic delivery systems. The ICG segment provides wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate and consumer loans, investment banking and advisory services, private banking, cash management, trade finance, and securities services to corporate, institutional, public sector, and high-net-worth clients. As of December 31, 2018, it operated 2,410 branches in the United States, Mexico, and Asia. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York.