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Job Details
The Securities & Derivatives Group Manager is a senior management level position responsible for overseeing a large team (70+ members) dedicated to the efficient and accurate processing of high-volume securities and derivatives transactions for fund accounting processes. This role demands a deep understanding of financial instruments, trade lifecycle events, and fund accounting principles. The Senior Manager will drive operational excellence, ensure regulatory compliance, and foster a culture of continuous improvement within the team.
Responsibilities:
- Leadership and Team Management:
- Lead, mentor, and coach a team of 70+ transaction processing professionals.
- Foster a positive and collaborative work environment, promoting employee development and engagement.
- Conduct performance reviews, identify training needs, and implement development plans.
- Oversee resource allocation, workload balancing, and succession planning.
- Transaction Processing Oversight:
- Ensure timely and accurate processing of all securities and derivatives transactions, including trade capture, confirmation, settlement, and reconciliation.
- Implement and maintain robust quality control measures to minimize errors and ensure data integrity.
- Monitor transaction volumes, identify bottlenecks, and implement process improvements to enhance efficiency and scalability.
- Develop and maintain comprehensive documentation of transaction processing procedures.
- Fund Accounting Expertise:
- Possess a strong understanding of fund accounting principles and practices.
- Ensure compliance with all relevant accounting standards and regulations.
- Collaborate with the fund accounting team to ensure accurate and timely reporting.
- Risk Management and Compliance:
- Implement and maintain a robust risk management framework to mitigate operational, financial, and regulatory risks.
- Ensure compliance with all relevant regulations and internal policies.
- Conduct regular audits and reviews to identify and address potential control weaknesses.
- Stakeholder Management:
- Build and maintain strong relationships with key stakeholders, including trading desks, branch offices, fund accounting, and compliance.
- Communicate effectively with stakeholders to provide updates on transaction processing performance and address any concerns.
- Technology and Innovation:
- Stay abreast of industry best practices and emerging technologies in transaction processing.
- Identify opportunities to leverage technology to improve efficiency, accuracy, and automation.
- Collaborate with technology teams to implement and integrate new systems and tools.
- Budget Management:
- Develop and manage the annual budget for the transaction processing team.
- Monitor expenses and identify cost-saving opportunities.
Qualifications:
- 10+ years of relevant experience in securities and derivatives operations, with a focus on transaction processing.
- Proven experience managing large teams (70+ members) in a fast-paced, high-volume environment.
- Deep understanding of financial instruments, trade lifecycle events, and fund accounting principles.
- Strong leadership, communication, and interpersonal skills.
- Excellent analytical, problem-solving, and decision-making skills.
- Proven ability to manage multiple projects simultaneously and meet tight deadlines.
- Bachelor's degree in finance, accounting, or a related field; Master's degree preferred.
Education:
- Bachelor’s degree/University degree or equivalent experience
- Master’s degree preferred
- Experience with fund accounting software and systems.
- Lean Six Sigma or other process improvement certifications.
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Job Family Group:
Operations - Transaction Services------------------------------------------------------
Job Family:
Securities and Derivatives Processing------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Most Relevant Skills
Please see the requirements listed above.------------------------------------------------------
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
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