Vice President, Product Management – Custody FX Job at Citi (London)

Job Description

The FX Partnerships Product team sits within the wider FX Product team in Markets. This team is responsible for partnering with other divisions within Citi in delivering FX solutions to clients leveraging Citi’s significant FX franchise. Specifically, the team partners with the Treasury and Trade Solutions (TTS), and Securities Services organisations with supporting FX capabilities. Citi’s Custody FX franchise supports clients in 70+ currencies through a variety of channels, pricing styles and workflow solutions. With one of the largest FX franchises and onshore local markets capability and reach, this role represents a significant opportunity to contribute directly to Citi's strategic objectives, shaping the future of financial services. This area is going through significant platform and product transformation and is critical to Citi's strategic initiative in FX.

Job Responsibility

Identify, evaluate, and prioritize new FX product opportunities and innovation initiatives focused on Custody FX, aligning with the overall business strategy
Work closely with other product managers, the product development team, technology and partners to deliver Custody FX transformation
Working with management, sales and other partners to create client driven product roadmaps and strategy informed by market research and competitor analysis
Collaborate with internal stakeholders (e.g. Custody, Sales, Trading, Technology, Legal, Compliance, Risk) to ensure product feasibility, regulatory adherence, and successful launch
Work closely with select clients in partnership with different business units to create compelling solutions
Source, evaluate, and establish strategic partnerships with Citi’s Services business, technology providers, and other external entities that can enhance our FX product offering
Negotiate and manage partnership agreements, ensuring alignment with business objectives and risk frameworks
Develop and maintain strong relationships with partners, fostering collaborative environments for joint product development and go-to-market strategies
Monitor partnership performance and identify opportunities for optimization and growth
Manage the end-to-end product lifecycle for assigned FX products, from ideation to launch, growth, and eventual retirement
Work with product managers and developers to elaborate requirements and build cutting edge FX products suitable for institutional clients
Oversee product testing, validation, and quality assurance processes
Monitor product performance, gather client feedback, and iterate on product features and enhancements
Ensure products comply with all relevant internal policies and external regulations
Stay abreast of industry trends, technological advancements, and regulatory changes impacting the FX market
Represent the firm at industry conferences, seminars, and client engagements, positioning as a thought leader
Contribute to internal knowledge sharing and best practices within the FX product team

Requirements

Bachelor’s degree in Finance, Engineering, Computer Science, or a related field
5+ years of experience in product management within the financial services industry, with a strong focus on foreign exchange (FX) products
Solid understanding of FX markets, risk management, trading mechanisms and regulatory landscape
Custody FX experience required in at least 2 of the following: auto FX, direct dealing, currency overlay and hedging solutions
Understanding of direct dealing and efx connectivity related to institutional client flow
Knowledge of investment lifecycle, cash management and FX exposure management in portfolios
Understanding of regulation differences in local markets vs offshore
Proven track record of successfully launching new products and managing product lifecycles
Experience of custody agnostic workflows, execution, and settlement
Strategic Thinking
Product Management Expertise
Relationship Management
Communication
Technical Acumen
Leadership
Results-Oriented
Technology: Ability to understand technology concepts, converse with tech teams as well challenge architecture and direction

Nice to have

Knowledge of global financial regulations impacting FX
Experience in custody fx transformation at another institution
Client facing experience
Data analytics e.g. python, SQL

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Vice President, Product Management – Custody FX

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