Product Manager, Notional Pooling - Vice President

Citigroup Inc.; London; Hybrid; GBP 50,000 - 90,000; Full time

Job description

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in analysis, problem solving and communication to Citi’s Liquidity Management Services (LMS) team.

By Joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview:

Treasury and Trade Solutions (TTS) is a market leading, award-winning provider of cash management, cards and trade, solutions to financial institutions, public sector, and corporate clients around the world. With a global network spanning 100+ countries, we are uniquely qualified to service clients with local and cross-border interests and provide integrated reporting and management. TTS is a highly innovative organisation with a strong digital agenda; new products and services are continuously being developed to meet our clients rapidly evolving treasury requirements and unlock new opportunities for growth.

UK Liquidity Management Services (LMS) covers a large and diverse operating environment and client base. The LMS business has embarked on a complex, multi-year transformation program to realise the business vision of a Real-Time, Intelligent, Responsive and Global network. Within the LMS business our Global Liquidity and Cash Concentration solutions are key enablers of treasury efficiency for our clients on a global basis and are extensively utilised by various client segments.

What you’ll do:

This product management role is a member the Global Notional Pooling team within the broader Global Liquidity and Cash Concentration solutions area. The position entails product management of the Notional Pooling product for UK encompassing product strategy, delivery, processes, pricing, client experience, commercialisation, risk & control, reporting and re-platforming/ rollouts.

Notional Pooling is a working capital management tool that allows clients to minimise bank interest by notionally concentrating end of day balances into a single net amount. Notional Pooling sits at the top of clients' liquidity management structures and often a critical product required for winning of important cash management proposals. The product is subject to extensive market, legal, risk, regulatory and accounting considerations and operates in a dynamic regulatory environment.

• Engage with solutioning and client-facing teams on Notional Pooling deals and client dialogue.
• Provide ongoing support for Notional Pooling deals including deal review and approvals, pricing, exception handling, etc.
• Plan and execute pricing and expense management initiatives to optimise portfolio performance.
• Recommend and deliver process improvements in collaboration with onboarding, operations, technology, and other teams.
• Ensure timely and comprehensive Product Approval Program review and renewal and Legal Opinion review and refresh.
• Ensure a robust risk and compliance environment through:

• Proactive identification, ownership and management of issues and incidents.
• Appropriately assessing risks when approving new pools and modifications to existing pools.
• Monitoring the product portfolio vis-à-vis established risk acceptance criteria on an ongoing basis.
• Driving risk mitigation and remediation efforts in close coordination with Legal, Risk, Sales, Banking, Operations, and other teams.

• Provide inputs to the product strategy and investment planning process on the basis of customer, competitor, and industry insights as well as risks and control assessment.
• Work with Global Product Development lead to drive the rollout of new or enhanced products features and global platforms to the UK, while ensuring that all necessary approval requirements and governance processes are adhered to.
• Collaborate with technology, operations, and client-facing teams to plan and execute the phased migration of pools from legacy platforms to global platforms.
• Drive the development of digital capabilities and STP processes to improve client experience.
• Develop and update client collateral and internal collateral to support value articulation and commercialization efforts.
• Ensure maintenance and updates to product content on internal and external channels.
• Contribute to management updates and presentations.
• Contribute towards preparation and support for internal and external audits / regulatory reviews when applicable.

What we’ll need from you:

• Relevant experience, preferably in Liquidity and Cash Management or Product Management is preferred.
• Level of expertise and demonstrated experience in Product Management and/or Product Development.
• Expertise or knowledge of interest rates and currencies is useful.
• Knowledge of Citi and TTS systems and processes is helpful.
• Strong analytical skills.
• Solid attention to detail.
• Positive attitude to work and result-oriented approach.
• Client-centricity and ability to solve complex issues.
• Ability to build effective working relationships when engaging across partners.
• Ability to articulate views and suggestions in a clear and succinct manner.
• Confidence in delivering presentations to clients and senior managers.
• Bachelors/master’s degree or equivalent experience.

What we can offer you:

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.