Global Deposits and Investments (D&I) Product Manager is a senior role with in the Global D&I Product team that manages multiple Liquidity Management Services products through other product managers. In-depth understanding of how own sub-function contributes to achieving the objectives of the function. A good understanding of the industry, direct competitors' products and 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 relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary. Responsible for executing functional strategy in area managed. Determines approach to implementing functional strategy. Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of the area(s). Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses. Full management responsibility for multiple teams, including management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval. May be doing involved or responsible for diverse (cross-discipline) activities.
Responsibilities:
• This is a senior role which is part of the Global Product Team, with ownership of product strategy, product positioning, business management, sales enablement, and partnership/alliance development and management
• This position will have significant senior-level exposure and play a leading role in managing the current portfolio and product set, and determining long-term strategy as well as the allocation of investment dollars to execute the strategy globally
• As a Global Product Manager this role will oversee product strategy for a portfolio of solutions and services
• The role will also be responsible for Customer Experience, defining our strategy and overseeing the execution of the underlying initiatives
• This role will be required to drive action across the organization (esp other functions: Operations, Technology, Sales, Control Functions etc) in order to achieve goals and ensure that a BAU operational model is in place
• The Global Product Manager will also lead development and expansion of partnerships and alliances within the product ecosystem to create innovative and turn-key solutions between Citi products and other players in the ecosystem
• P&L Management (reporting and analyzing financials to ensure goals are being met)
• Management will look to this person to be an evangelist for the product both internally and to the marketplace
• The successful candidate must be both a leader and a team player, working with regional Product teams, Product Sales and Account Management, and functional teams globally
• The Global Product Manager will also work with internal partners to drive the visibility and positioning of the product
• The Product Manager will also manage product-level relationships
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards. Qualifications:
• 15+ years of experience, including 8-10+ years' managerial experience
• Knowledge of industry players and ecosystem, as well as industry networks preferred
• The incumbent will work closely with regional product teams to set and track annual spend and revenue targets, and will be expected to support client discussions to help drive wins, program growth and new deal ramp Education:
• Bachelor's/University degree, Master's degree preferred About Global Deposits & Investments (D&I) Product Group
Global D&I group is responsible for strategy and execution of creating and managing new products and Deposit/Overdraft Pricing solutions globally. Currently the group manages solutions such as Interest Bearing and Non-Interest Demand Deposit Accounts, Fixed and Extended Term Deposits, Earnings Credit Rate Accounts, Citi Interest Optimization and Online Investments Money Market Funds across 90+ markets where TTS operates. The group plays a pivot role in raising operating deposits for the firm with over $650Bn of Deposits held today by clients in various forms of deposit products.
Role/Product Description
As the Liquidity Management Services (LMS) business embarks on a complex, multi-year transformation program to realize the business vision of a Real-Time, Intelligent, Responsive and Global network, it is necessary and timely to evolve and grow the product development practice which will be relied upon to progress our innovation agenda. As such, LMS is seeking a senior Product Manager to support the Global Head of D&I Product in the oversight of Risk and Controls and business management across the entire portfolio of D&I products. Along with specific accountability for product management, product strategy and commercialization for the Earnings Credit Rate, Time Deposit, Minimum Maturity Time Deposit and Overdraft portfolio of products.
Job Family Group:
Product Management and Development
Job Family:
Market Segments and Services
Time Type:
Full time
Primary Location:
New York New York United States
Primary Location Full Time Salary Range:
$200,000.00 - $300,000.00
In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Anticipated Posting Close Date:
Jun 11, 2024
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