USD Clearing Head

USD Clearing Head

Excited to grow your career?

At Citi, we value our talented employees and are committed to fostering professional growth from within. We encourage you to apply for this open position if you believe it aligns with your career aspirations and skills. Our people are fundamental to our success.

The Payments business is a key strength and differentiator for Citi, intermediating and processing up to $5 trillion in daily payments generated by Corporates, Banks & Financial Institutions, and Governments. Clearing and FI Payments are a global product suite within Citi's Payments business. These products provide core payment services to our Financial Institution clients for the global clearing of their treasury and commercial payments.

The primary objective is to maximize business opportunities arising from our FI clients' payment flows in major clearing currencies and cross-border payments. This involves driving strategic modernization and delivering new product capabilities by leveraging existing and emerging technologies and industry developments (e.g., 24/7 USD payments, stablecoins, digital assets).

Citi is uniquely positioned to capitalize on this opportunity due to our global capabilities and extensive geographic reach. USD Clearing is the flagship product within the Clearing and FI Payments business, boasting a strong track record of delivering consistent year-on-year revenue growth. Our USD Clearing product is truly global, serving clients in over 150 countries with an operating model designed to support clients and ensure efficient processing across all time zones.

The Head of USD Clearing will collaborate closely with numerous teams, including the Corporate Bank and FI coverage, to ensure business growth. They will be responsible for formulating and executing regional and global strategies. This broad role encompasses all aspects of end-to-end Business Management, with a critical focus on maintaining a robust control environment and strategic operational resiliency.

In addition to leading the USD Clearing Business, the successful candidate will also serve as a senior member of the Clearing & FI Payments team and take on broader responsibilities, including representing Citi in relevant industry forums.

Key Responsibilities:

Business Strategy & Financial Performance

●    Develop a 3-5 year USD Clearing product strategy and execution roadmap in partnership with regional product teams, Corporate Banking Group (CBG), and functional partners.
●    Drive innovation within the USD Clearing business for FI clients, partnering with the broader Treasury and Trade Solutions (TTS) and Citi organization.
●    Identify growth opportunities through strategic partnerships (e.g., with FinTechs) and by leveraging upcoming infrastructural changes (e.g., SWIFT Platform - PTM, ISO 20022, API).
●    Manage Product P&L (Revenue, Expense, and Net Income Plan).
●    Create annual financial plans and reforecasts based on key drivers and existing and potential customers.
●    Continuously increase revenues, net income, market share, volumes, and customer count.
●    Initiate and drive transformational initiatives to optimize resources and the operating model, visibly enhancing product financials, profitability, and client experience while maintaining a pristine control environment and strong operational resiliency.
●    Analyze product profitability, competition, and market positioning; proactively drive initiatives to maintain Citi's leadership in Product Management and Product Development.
●    Drive continuous enhancements to the client experience and operational resiliency, working closely with Client Operations to ensure an optimal end-to-end operating model.
●    Pilot new solutions on behalf of the broader FI Clearing or Payments organization.
●    Ensure a strong end-to-end product management discipline for the USD Clearing product, fostering strong connections and common goals with functional partners across all product components.
Product Development
●    Embed and execute a culture of world-class professional Product Development.
●    Ensure that ongoing product innovation and development meet strategic and financial objectives.
●    Ensure product offerings are competitive in service, functionality, and price.
●    Meet client needs through seamless integration and packaging of products with other complementary capabilities.
●    Focus on developing both treasury payments and commercial payments packages, leveraging Global Payment Products capabilities.
●    Build FI Payments "solution packages" in collaboration with other Products (e.g., Worldlink).

Client Engagement and Industry Leadership

●    Provide regional and global leadership to the b