Citigroup, Inc

Product Manager, Prime Product and Margin, Director

Citigroup, Inc • $200K — $300K *
New York, NY 10025Hybrid
Finance & Insurance
8 - 10 years of experience
3 weeks ago
Job Overview by Ladders

Qualifications

  • 10+ years of experience in product management or senior operations within Prime Brokerage or a related field.
  • Expert knowledge of margin frameworks across multiple asset classes, especially SPAN, TIMS, VaR, and Expected Shortfall.
  • Solid understanding of relevant regulations like Regulation T and FINRA Rule 4210.
  • Ability to simplify complex technical concepts for stakeholder alignment and product development.
  • Cross-asset knowledge covering equities, fixed income, FX, futures, and cleared derivatives.
  • Strong academic credentials, typically in a quantitative or technical discipline; advanced qualifications like CFA are a plus.

Responsibilities

  • Lead the entire product lifecycle for Cross Product Margin capabilities in Prime Finance.
  • Define and drive the strategic roadmap for CPM infrastructure across execution and margin technology.
  • Serve as the subject matter expert on cross-asset margin frameworks and regulatory overlays.
  • Collaborate with various departments to align margin product design with commercial and regulatory requirements.
  • Engage with institutional clients to identify margin optimization opportunities and develop relevant tools.
  • Oversee governance and prioritization of technology programs to meet delivery timelines and business goals.

Benefits

  • Comprehensive medical, dental, and vision coverage.
  • 401(k) retirement savings plan.
  • Life, accident, and disability insurance offered.
  • Wellness programs available to support employee health.
  • Paid time off including vacation, sick leave, and holidays.
Full Job Description
This is a Director-level opportunity within Citi's Prime Finance business, focused on Cross Product Margin (CPM) - a strategically important and technically complex area that sits at the heart of how the firm manages margin efficiency across asset classes for its institutional client base. The successful candidate will lead the product management function for CPM, driving the design, development, and delivery of cross-asset margin frameworks and the technology platforms that underpin them. This is a high-visibility role with direct exposure to senior business, technology, and risk stakeholders, and offers the opportunity to shape a capability that is increasingly central to competitive differentiation in prime brokerage.

Primary Responsibilities
  • Lead the end-to-end product lifecycle for Cross Product Margin capabilities within Prime Finance, translating complex margin methodologies - including scenario-based, VaR, and Expected Shortfall frameworks - into scalable, well-defined product requirements for technology delivery.
  • Define and drive the strategic roadmap for CPM infrastructure, working across execution, clearing, and margin technology to converge platforms into a cohesive, globally consistent architecture.
  • Act as the primary subject matter expert on cross-asset margin frameworks, including portfolio-level offsets, concentration add-ons, liquidity haircuts, and regulatory overlays across equities, fixed income, FX, futures, and cleared derivatives.
  • Partner with Trading, Risk, Operations, Legal, and Compliance to ensure margin product design meets both commercial objectives and regulatory requirements, including FINRA Rule 4210, Regulation T, ISDA/CSA mechanics, and evolving central clearing mandates.
  • Engage directly with institutional clients and internal stakeholders to identify margin optimisation opportunities, articulate product capabilities, and support the development of client-facing margin tools and reporting.
  • Drive governance and prioritisation across a portfolio of cross-functional technology programmes, ensuring delivery against agreed timelines and commercial outcomes in a complex, multi-stakeholder environment.


What We Need From You
  • Significant experience in a product management, business analysis, or senior operational role within Prime Brokerage, Prime Finance, or a closely related area at a global financial institution or broker-dealer - typically 10 or more years.
  • Deep technical knowledge of margin frameworks across multiple asset classes, including familiarity with SPAN, TIMS, VaR, and Expected Shortfall methodologies, as well as cross-margining structures and portfolio margin concepts.
  • Strong understanding of the regulatory landscape relevant to prime finance and margin, including Regulation T, FINRA Rule 4210, SEC 15c3-1/15c3-3, and ISDA/CSA collateral mechanics; awareness of central clearing developments is highly advantageous.
  • Demonstrated ability to translate complex, technical concepts into clear product requirements and to influence and align senior stakeholders across business, technology, risk, and compliance functions.
  • Cross-asset product knowledge spanning equities (cash and synthetic), fixed income, FX, futures, and cleared swaps, with an understanding of how margin interacts with financing, securities lending, and client portfolio structures.
  • Strong academic background, typically a degree in a quantitative, financial, or technical discipline; a postgraduate qualification or CFA charterholder status would be advantageous but is not essential.


Job Family Group:
Institutional Trading

Job Family:
Trading

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.

Most Relevant Skills
Please see the requirements listed above.

Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.

Anticipated Posting Close Date:

About Citigroup, Inc

Citigroup is a financial services holding company that provides financial products and services. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. The ICG segment offers various banking, and financial products and services to corporate, institutional, public sector, and high-net-worth clients. This segment provides wholesale banking products and services, including fixed-income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed-income research, corporate lending, investment banking, and advisory services, private banking, cash management, trade finance, and securities services. Citi is committed to sustainability and social responsibility, and the company invests in initiatives that promote economic progress.

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Learn more about Citigroup, Inc
Market Cap
$1.3 billion
Industry
Finance & Insurance
Net Income
$89.6 million
Founded
1812
5 Year Trend
+4.6%
NASDAQ
C
* Ladders Estimates

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