Product Manager

Description

The company is hiring a Product Manager for its Tampa, Florida office to work on its custody business for securities and derivatives.

The role covers operations for securities processing and hedge fund activities, and you will work within the company's global development program.

Responsibilities

• Analyse risks and controls in securities and derivatives processes and assess them.
• Read business requirements documents and find gaps in current operational processes.
• Propose operational controls to build into development work.
• Judge how operational requests affect development and set their priority within the global development program.
• Manage projects using Agile methodology.
• Put changes for the custody business into operational processing for securities and derivatives.
• Build product offerings for securities processing and hedge fund activities.
• Apply the rules that govern securities markets, including the Central Securities Depositories Euroclear UK & Ireland, Euroclear S.A/N.V, Euroclear France, Euroclear Nederland, Clearstream Europe AG and Eurex Clearing AG, and prepare the Client Money Asset Return (CMAR) for the FCA and the Monthly Client Asset Report (MCAR) for Bank of Ireland.
• Carry out client value propositions, positioning, segmentation, pricing, targeting, channel strategy and competitive differentiation.
• Own the product roadmap, development, launch and marketing so each product delivers its full value.
• Own product delivery, client experience and client communication.
• Study client and competitor market research and build product innovation roadmaps.
• Review credit and liquidity for client transactions against credit risk guidelines.
• Build plans, carry out strategies and advise on decisions.
• Track KPIs and SLAs for the custody business.
• Set priorities, negotiate and clear blockers to reach business results.
• Work through the problems that come with product commoditisation to build more advanced solutions.
• Oversee each program from start to finish, watching market demand, technology trends and competitors.
• Support internal and external audits.
• Help meet targets for product financial performance, revenue and expense management.
• Find and act on opportunities and gaps in business plans.
• Write and share business plans for going to market.
• Set up team procedures and resolve client problems.
• Work with external partners on products, manage vendor relationships and prepare agreements.

Requirements

• A bachelor's degree in Operations Research, Finance or a related field.
• Six years of experience as a Product Manager, Securities & Derivatives Analyst or a similar role in securities and derivatives operations, project management and product development, with core custody and controls at a global financial services institution.
• The company will also accept eight years of that experience in place of the six.
• Within those six years, you must have credit and liquidity review for client transactions within credit risk guidelines.
• Within those six years, you must have supported internal and external audits.
• Within those six years, you must have tracked KPIs and SLAs for a custody business.
• Within those six years, you must have worked with securities market rules and regulations, including the Central Securities Depositories Euroclear UK & Ireland, Euroclear S.A/N.V, Euroclear France, Euroclear Nederland, Clearstream Europe AG and Eurex Clearing AG, and with the CMAR to the FCA and the MCAR to Bank of Ireland.
• Within those six years, you must have built product offerings for securities processing and hedge fund activities.
• Within those six years, you must have run securities and derivatives operational processing.
• Within those six years, you must have contributed to custody product development initiatives.
• Within those six years, you must have managed projects using Agile methodology.

Conditions

This is a full-time role based in Tampa, Florida, United States.

A telecommuting or hybrid schedule may be allowed if you live within a commutable distance of the worksite, under company policy.

The salary range is $123,900 to $147,500.

The company is an equal opportunity employer.

Benefits

• You may be eligible for discretionary and formulaic incentive and retention awards, in addition to salary.
• Medical, dental and vision coverage, a 401(k), life, accident and disability insurance, and wellness programs.
• Paid vacation, paid sick leave and paid holidays.
• Benefits may vary by location, job level and start date. Details are at citibenefits.com.