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USD Clearing Head

https://www.citi.com/ Logo

Citi

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Location:
United States, New York

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Category:
Banking

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Contract Type:
Employment contract

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Salary:

250000.00 - 500000.00 USD / Year

Job Description:

The Head of USD Clearing will lead the USD Clearing Business and serve as a senior member of the Clearing & FI Payments team. This role involves driving strategic modernization, delivering new product capabilities, and maximizing business opportunities from FI clients' payment flows in major clearing currencies and cross-border payments. The position requires collaboration with numerous teams including Corporate Bank and FI coverage to ensure business growth and maintain a robust control environment.

Job Responsibility:

  • Develop 3-5 year USD Clearing product strategy and execution roadmap
  • Drive innovation within USD Clearing business for FI clients
  • Manage Product P&L (Revenue, Expense, and Net Income Plan)
  • Create annual financial plans and reforecasts
  • Increase revenues, net income, market share, volumes, and customer count
  • Initiate and drive transformational initiatives
  • Analyze product profitability, competition, and market positioning
  • Drive continuous enhancements to client experience and operational resiliency
  • Ensure world-class professional Product Development
  • Drive USD Clearing marketing strategy and client/industry positioning
  • Support and lead client engagement on key payment deals
  • Drive customer segmentation, product positioning, pricing, and marketing plans
  • Maintain active thought leadership role in industry
  • Represent Citi on Industry Associations and committees
  • Manage risks associated with USD Clearing
  • Ensure appropriate processes and controls for credit risk and liquidity needs
  • Manage regulatory compliance
  • Recruit and retain diverse talent within product team

Requirements:

  • Extensive and related experience in cash management, payments, and/or correspondent banking
  • Managerial experience
  • Deep industry knowledge of payment systems and FI clients' needs and behavior
  • Thorough financial acumen and P&L management experience
  • Ability to work effectively in a complex matrix environment
  • Exceptional interpersonal skills with strong ability to influence and build consensus
  • Articulate written and verbal communication skills
  • Proven track record of success in positions requiring financial and commercial acumen
  • Ability to think strategically and develop creative solutions
  • Ability to balance business growth opportunities with strong understanding of risk/return dynamics
  • Exceptional organizational and process management ability
  • Superior team management abilities
  • Outstanding people leadership skills
  • Must already be functioning in a senior capacity
  • Ability to lead cultural and behavioral change
  • Ability to work across multiple facets of the Global TTS Organization
  • Ability to attract and retain top talent
  • Passion for Client and Client Service
  • Executive presence
  • Ability to exercise initiative, problem identification, problem-solving, and independent decision-making
  • Energetic leader who inspires others
  • Proven track record of successfully managing and developing people in large complex business

Nice to have:

Master's degree preferred

What we offer:
  • Medical, dental & vision coverage
  • 401(k)
  • Life, accident, and disability insurance
  • Wellness programs
  • Paid time off packages including vacation, sick leave, and paid holidays
  • Discretionary and formulaic incentive and retention awards

Additional Information:

Job Posted:
November 08, 2025

Expiration:
November 28, 2025

Employment Type:
Fulltime
Work Type:
On-site work
Job Link Share:
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