Senior Manager, Commodities Middle Office

5 days ago

Houston, Texas, United States Citigroup Inc Full time
About the Role

The Senior Manager, Commodities Middle Office will be responsible for overseeing the end-to-end business activities of the Commodities Middle Office team in Houston, as well as collaborating with global teams in London and Belfast to streamline Middle Office processes. The primary objective of this role is to manage day-to-day risk, drive strategic projects, and implement process improvements.

Key Responsibilities
  • Maintain and improve group processes, reports, and risk systems through direct collaboration or IT partnerships.
  • Partner with IT to enhance controls and reports relevant to Middle Office processes.
  • Work closely with Front Office, Structuring, Financial Control, Operations, and Technology to ensure accurate trade capture and processing through risk systems.
  • Provide analytical support to Front Office Sales and Trading, and act as an advisor or coach to new or junior staff.
  • Maintain position records relating to trade processing functions.
  • Support trade capture management, Front to Back reconciliation, identifying operational risk, trade affirmation, and broker reconciliations.
  • Reconcile exchange positions between trade capture systems and the Futures Clearing Merchant.
  • Assist in monitoring processes for corporate exchange position limits and internal allocations.
  • Develop and implement business initiatives, client solutions, and/or projects affiliated with transaction capture.
  • Analyze issues with transaction capture and related functions where direction is needed, and actions must be recommended or taken.
  • Develop and implement business plans, policies, and procedures, and support internal and external clients.
  • Identify opportunities to improve processes, client service, control, and cost reduction, and implement improvements.
  • Conduct discovery and due diligence activities with clients to solve complex client queries.
  • Review, expand, and report on controls, including transaction amendment, cancellation, and corrections; various controls related to regulatory requirements for swap dealers, including SDR reporting timeliness, mid-marks, and ISDA protocol.
  • 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 supervising the activity of others and creating accountability.
  • Report market risk for various trading portfolios and monitor relative to authorized limits on a daily basis.
  • Document transaction modeling, trade capture, and deal maintenance for complex structured transactions.
Requirements
  • 6-10 years of experience in a related role.
  • Subject Matter Expert in multiple or specific skill sets, business areas, or products preferred.
  • Demonstrated project management skills.
  • Strong analytical, mathematical, and statistical skills.
  • Ability to work under pressure and manage to deadlines.
  • Ability to work in a fast-paced environment.
  • Consistently demonstrates clear and concise written and verbal communication.
  • Attention to detail and intermediate problem-solving skills.
  • Experience with derivative trade capture systems, preferably Endur Openlink.
  • Detail-oriented.
  • Assertive, self-directed work ethic.
  • Good interpersonal and relationship-building skills; must be able to partner across the spectrum of Front Office, Middle Office, IT, Product Control, Compliance, Legal, and Regulatory in a fast-paced and dynamic environment.
Education

Bachelor's degree/University degree or equivalent experience.

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