Global Head of Prime Brokerage Margin Operations Hybrid

Citi • Jersey City, NJ

3d • Hybrid

About The Position

Markets Operations represents the evolution and transformation of Operations in the Finance Industry which creates a uniqueness about how we deliver our products and solutions. We take pride and are passionate about our People and our culture. We are invested in you, your experiences, development, and in building a successful career for you at Citibank. We are modernizing everything we do; allowing flexibility and creating an exciting environment which encourages diversity of thought and inclusion.
We are a dynamic, global, and diverse Organization, with a presence in over 60 Countries; covering all post execution Operations teams including product aligned Middle Office groups, Settlements, Margin, Asset Servicing, Listed Derivative, Clearing & 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 Derivatives, Clearing and Foreign Exchange Prime Brokerage) 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 the core of all activity at the Firm and have significant impact across the lifecycle of a trade. We partner extensively with a range of internal stakeholders such as 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 service performance and strategic partnerships with top tier clients, where we play a key role in supporting global clients to ensure they have a first-class experience when doing business with Citi.
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.
Role Overview
We are seeking a highly experienced Prime Margin professional to join the Margin, Collateral & Optimisation team within Markets Operations, as a Senior Vice President with responsibility as the global head of Prime Brokerage Margin Operations.
The successful candidate will have a strong background in Prime Margin Operations, within a peer US registered broker-dealer, with subject‑matter experience across margin methodologies, regulatory frameworks, operational processes and associated controls. The candidate will also possess strong experience of Prime Brokerage product offerings and bring deep front‑to-back Prime Margin experience, strong technical expertise, and the ability to operate across Product, Risk, Operations, Technology, Legal, and Compliance partners.
This position plays a critical role in governing operational processes, ensuring regulatory adherence, supporting strategic platform development, and facilitating safe, scalable client growth.

Requirements

• BA/BS degree preferred
• 10+ years’ experience in in financial services with specific experience leading global Prime Brokerage margin functions. Demonstrate a strong appreciation of Prime margin processes, regulations, securities products, practices, and risks, and/or product/service design, execution and delivery of large strategic change programmes. Preferably at large financial services firm
• Expert knowledge of US regulatory frameworks, especially:
• Reg T
• Portfolio Margin (PM) rules
• FINRA margin requirements
• SEC 15c3‑1 / 15c3‑3 considerations
• US listed derivatives margin rules (CME/OCC)
• End-to-end knowledge of margin and/or collateral optimization, including the impacts on liquidity, capital, financial reporting, books and records and securities and margin & collateral practices and infrastructure. Demonstrate understanding of a end-to-end margin and collateral control framework and standards
• Strong, influential communicator who is articulate and concise demonstrated success interacting with senior business, operations, technology, internal stakeholders and regulators. Experience articulating broad strategies to senior stakeholders, driving broad-based and high impact implementations
• Innovative, flexible, collaborative, and proactive; a leader who can positively and productively add product impact to both strategic and tactical technology
• Thinks logically and is good at problem solving. Result orientated
• Able to write clearly and concisely. To present ideas and proposals to senior decision makers without technical jargon
• Demonstrate sound judgement and a strong risk management mindset, demonstrated through implementing sound controls and processes
• 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
• Strong risk and control mindset ability to identify sub-optimal processes, drive robust capabilities with a clear focus on robustness and transparency
• Proven ability to work across senior stakeholders in Risk, Product, Technology, and the Front Office
• Excellent analytical, communication, and decision‑making skills

Responsibilities

• Lead the Prime Brokerage Margin Operations capability.
• Operate as a senior point-person, for the group with deep margin subject matter expertise, with knowledge of end-to-end flows, risk, and regulations.
• Drive functional transformation, implementing best-in-class margin and collateral organization and capabilities
• Provide SME leadership on Reg T, Portfolio Margin (PM), FINRA rules, SEC 15c3‑1/3 requirements, and operational implications for Prime Brokerage Margin
• Partner with the Prime Product Development and In-Business-Risk to refine and validate margin calculations and identify opportunities for enhancements or automation
• Drive Strategy and Transformation and set operational and technical vision for a global function, aligning execution with long-term business strategy and firm priorities.
• Design and govern future-ready operating models, tools, and frameworks that enable scalable, efficient, and resilient delivery
• Operate as critical decision-maker for operational execution across functions and geographies, balancing scale, complexity, and long-term impact
• Implement and oversee strong risk management and control capabilities for margin and collateral management operations
• Operate as a global service lead, working in close partnership with key business, technology and operations partners and key stakeholders in 1st and 2nd line
• Ensure products and/or services are well designed: ensure developments are in line with the target operating model and design standards, through close partnerships with other Margin & Collateral Operations leadership
• Provides evaluative judgment based on analysis of information in complicated, unique and dynamic situations; draws on diverse range of internal and external sources
• Champion diversity and inclusion, supporting a work environment that allows our People to thrive and excel
• Promote a culture of continuous improvement, cultivating a robust service and control environment
• Coaching and Mentoring: Develop our talent, support their growth

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