Citi Looking for Securities Services Lead Finance Officer at Carteret, New Jersey Full Time

The Lead Finance Officer manages multiple teams of senior professionals through other senior managers. The job requires a broad and comprehensive understanding of the different systems, theories and practices relevant to a function as well as practical experience of multiple business cycles. In-depth knowledge of the industry and direct competitors’ products/services is also necessary in order to contribute to the commercial objectives of the business. Requires thorough understanding of strategic direction of the function within the business, combined with a solid conceptual/practical grounding in both the function and/ or area of expertise. Excellent communication skills required in order to influence a wide range of audiences. The job is likely to be involved in both internal and external negotiations which will have a major impact on the area managed, and possibly on other related areas and organization as a whole. Develops medium- to long-term plans and executes functional strategies for a large/complex country, cluster of countries, or business requiring coordination and integration across units. Provides input into strategic decisions affecting job family or function within a region or business. Full management responsibility of multiple teams, including management of people, budget and planning. Has authority to negotiate and make independent decisions on issues/activities that have critical impact or influence on company revenues, capital or business operations. Typically, a direct report to an C16 role and sits on the highest functional leadership team within a region, job function, or global business.

The Securities Services Lead Finance Officer team supplies the CFO, Heads of the various businesses and other senior management (Global Securities Services Head, ICG CFO, CEO etc.) with analyses and insight into Securities Services financial results and projections. Through this analysis, the team facilitates decision making to drive performance and strategy of global products, regions and functions, and also for use with external analysts, regulators and investors. Deliverables include, but are not limited to, monthly performance analyses, target setting and forward-looking analytics for a variety of internal and external stakeholders. The team also sets balance sheet and capital consumption targets, manages the annual operating plan, quarterly multi-year multi-scenario forecasts (QMMF) and outlooks, competitor analytics, as well as the CCAR process to drive the long-term performance of the franchise. The organization drives the planning and analytics for acquisitions, divestitures, investment initiatives, re-engineering programs, industry trends and net interest income/margin and fee analytics .

Primary responsibility of this role encompasses all aspects of financial management for Securities Services, formulating and executing strategies across all elements of the P&L, Balance Sheet and Capital. Furthermore, it includes:

• Lead the financial analysis for all actuals and planning dimensions such as: Earnings, Outlooks, Forecasts, Annual Plan, and manage the preparation of presentations for the CEO, CFO, EMT, GOT and Board of Directors
• Oversee and closely manage Long Term & Capital Planning process and activities including QMMF/CCAR and related governance and protocols
• Create and lead ad-hoc optimization analytics on themes that arise at senior management’s request and/or through proactive research of potential issues across the entire spectrum of business performance
• Lead executive level program summaries from detailed progress updates and provide early indications of areas needing greater management focus
• Partner with various global functional (i.e. Product Control, Corporate/Sector FP&A, Treasury, Tax etc.) and business stakeholders to deepen LFO’s analysis and manage various processes around actuals and forward-looking financials
• In partnership with the Sector FP&A and the wider ICG workstream teams, lead various projects to enhance efficiency of Citi’s financial processes and increase the informative value of the content provided to senior management
• Have oversight of a regional and global team of individuals comprised of both onshore and offshore (Mumbai, Costa Rica) resources to drive efficiencies and enhance analytical prowess
• Oversight and thorough understanding of all Competitor Analytics and business positioning across Global Securities Services various product lines
• Responsible for developing senior level talent to advance pipeline of Finance leaders across the Citi franchise
• Develop key performance indicators to measure the effectiveness of the business strategy and lead actionable initiatives to mitigate issues
• Manage Balance Sheet and Capital consumption limits for the franchise
• Provide financial and analytical support to the business and other internal or external stakeholders
• Understanding and proactively mitigate impact of new regulations or accounting requirements on profitability and business strategy

Qualifications:

Knowledge/Experience:

• 15+ years of Finance experience, leading change and executing complex initiatives
• Strong understanding of Capital Markets, Trading and Accrual businesses is a requirement
• Bachelor’s Degree required, Advanced degree preferred
• Proven ability and experience in building a high performing team; must have strong understanding of managing teams in multiple geographies
• Working in a Finance role with multiple executive stakeholders and in an organization with a matrix management structure

Skills:

• Successful understanding and leadership of a geographically diverse business
• Strong intellectual grasp of the industry and with the ability to anticipate and lead the organizational response to future changes
• Ability to translate vision into executable plans

Securities Services serves client needs for collateral management, Custody, Liquidity Management Solutions, Securities Lending, Fund Services and other services across several asset classes and currencies, sectors and industries, covering a vast array of products and leveraging trading floors located in over 80 countries.

Citi’s Securities Services provides world-class solutions that are as diverse as the needs of the corporates, institutions, governments, and individual investors we serve in 160 countries and territories. The breadth, depth, and strength of our underwriting, sales and trading, and distribution capabilities span asset classes and currencies, sectors and industries, covering a vast array of products.

The Securities Services Franchise – an approx. $4 billion revenue segment within the Institutional Client Group – is comprised of four main Global businesses namely: Custody, Fund Services, Execution and Issuer Services.

The Securities Services Lead Finance Officer has responsibility for managing all financial aspects across the business and is responsible for defining financial objectives anchored on sound financial criteria, driving strategy in close partnership with the business and functional areas globally.

The role requires a strong analytical approach to client, product and financial strategy together with leadership skills that significantly rely on influence and building strong partnerships to execute business and financial plans in a systematic, measurable, and effective way. The ideal candidate should demonstrate proven ability to work together with multiple stakeholders across Front-Office, Finance, Treasury and Other Global Functions, including Operations and Technology. The candidate must be able to work effectively in a cross-functional environment without close supervision and with colleagues who may not be in the same geographic location.

The Securities Services Lead Finance Officer reports to the Institutional Clients Group Chief Financial Officer.

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Job Family Group:

Finance

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Job Family:

Finance Management

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Salary Range:

$(phone number removed) – $(phone number removed)

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Citi is an equal opportunity and affirmative action employer.

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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Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.