Citi Hiring for Business Unit Manager – Markets (UAE Nationals preferred) Job at Dubai Full Time

The main focus of the role will be to support the Markets MEEP team in the delivery of key business initiatives and provide support for core business management tasks.

This role requires extensive liaison with multiple functions within the business and support functions at all levels, including Market Risk, Credit Risk, Finance, Operations and Technology as well as liaison with CPB and other Markets Businesses both in the region and globally. The position works closely with business units and other departments in the Bank to ensure the proper infrastructure in MEEP to support financial products such as bonds, FX, interest rate/credit derivatives, commodities, loans, and deposits. Support the Markets Heads and Markets staff in all strategic activities and management of day to day business.

The role is also key to enabling business growth through maintaining a sound control environment, facilitating new business initiatives, product expansion and driving technology change within the business and will cover a range of identified opportunities in Sales, Trading and Technology.

The jobholder should be able to work well in a team environment and should be able to function without close supervision.

Job Background/Context:

This position interacts with all product and function areas that engage with the Markets within EMEA business management. The position reports to the Regional Markets Business Manager for MEEP. The role is responsible for business development, control oversight, efficiency improvements and overall business process management and leadership. Given the increasing industry and regulatory focus around control related tasks, this role is critical to maintaining a robust control environment across multiple desks and businesses.

Key Responsibilities:

1. Business development for the business:

• Reviewing the market opportunities and assist in re-defining the target markets
• Manage the NPAC process for the business, ensuring all system, control and risk issues are addressed
• Assessing and designing the optimum business support structures
• Participating with the Business Heads in monthly reviews, and standing in for him when requested to do so

2. Risk & Control Oversight

• Seek out and ensure corrective actions are implemented for control related issues across the spectrum of control functions with a goal of driving a robust, efficient and scalable business model across all traded asset classes.
• working with Finance, Compliance, Products and Coverage groups in coordination with countries BRCCs to ensure the business has a strong, consistent and focused control and business ethics environment
• Manage the audit preparations (IA and regulatory)
• Attend BRCC for the business
• Support business in all MCA related tasks and manage queried from ORM and other stakeholders

3. New Product Approval Process

Involved in determination of whether any new business initiative is NPAC eligible

Manage the NPAC process for any new product/initiative which requires NPAC approval, including Post-Implementation Reviews (PIR)

3. Cost management

• Lead expense management and cost saving initiatives for MEEP and EMEA
• Manage ongoing business expenses, ensure compliance to Citi policies, and review ongoing expenses versus budgets

4. Financials, Planning and analysis

• Ensure correct reporting of Markets balance sheet, Revenues and Expenses
• Manage budgeting process for MEEP and coordinate between the countries, business desks, London and finance
• Perform competitor analysis for the business, and identify risks and opportunities

5. Risk and capital

• Ensure correct reporting of risk in the business – Price risk, Liquidity and VAR
• Proactively review risk trends for the business and ensure there are adequate limits available to allow growth and maximisation of business objectives
• Act as in business risk management, identifying risk utilisation and highlighting to management BEFORE breaches (where possible)

6. Corporate Governance

• Represent the business in committees as required or where Markets Head(s) are unable to attend: Legal Vehicle committee, ALCO, BRCC

7. Project management

• Manage all technology projects for the business
• Champion and coordinate systems enhancements and improvements
• Manage other projects from time to time as assigned by the business head or regional Business management
• Be the point of contact to provide any information/details gathered at a regional/global level
• Share best practices with other countries

8. Client responsibilities

• Coordinate and manage all Client events. (Cost and budget considerations, approvals and interaction)
• Coordinating client and Markets staff travel and assist with various documentation requirements for travel purposes and lodging requirements.
• Interact and liaise with the travel representatives to ensure zero issues for both clients and Markets staff.

Development Value:

• Develop a detailed understanding of the Global FXLM businesses, its products and processes and how it operates within a large organisation.
• Build effective prioritisation skills as the job entails dealing with multiple conflicting priorities in a time pressured environment.
• Successful candidates will have the opportunity for future career progression within the Global Markets business.

Qualifications – Internal

Knowledge/Experience:

• Significant exposure to foreign exchange and/or interest rate products would be an advantage
• Minimum of 5 year experience in financial markets either in the business or business support functions.
• Strong knowledge of Citi’s products and
• Experience in geographic management including business process management.
• Good knowledge of macro-economies and financial markets
• Strong financial and accounting skills.
• Must have an understanding of and experience in trade processing including settlement and the associated operational environment.
• Very High level knowledge of Citibank Systems.
• Exceptional Operational Risk awareness.
• Previous Trading Experience is highly beneficial.

Skills:

• Excellent communications skills (written / verbal) at all organisational levels.
• Results/task orientated with excellent attention to detail.
• Ability to manage and prioritise effectively and resolve conflicting priorities.
• Ability to work well as part of a team and autonomously.
• Good MS Office skills including Excel and MS Powerpoint.
• Leadership skills, including team building, creativity, flexibility, initiative and motivation as well as ability to manage diverse teams.
• Strong project management skills.
• Execution skills (Quick thinker who can take strategic decisions to implementation, ability to prioritize; analytical thinking and attention to detail).
• Ability to handle pressure.
• Strong interpersonal skills required for frequent multi-level interaction.
• Strong negotiation skills.
• Numeric and computing skills

Qualifications:

• Excellent academic background educated to a minimum of degree level or sufficient industry experience.

Competencies:

• Communication / Relationship building
• Attention to detail
• Team work
• Prioritisation / Initiative

Valuing Diversity: Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success.

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Job Family Group:

Business Strategy, Management & Administration

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Job Family:

Business Administration

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Time Type:

Full time

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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