Officer, Product Management (Deposits)

Reposted 44 Minutes Ago
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Kowloon, HKG
In-Office
Mid level
Fintech • Financial Services
The Role
Manages deposit product strategy, customer lifecycle optimization, portfolio growth, product development, pricing, marketing, financial performance, risk controls, and cross-functional initiatives with Operations and Technology. Uses customer, competitor, industry, and analytics insights to improve client experience and market position. Supports budgeting, forecasting, scenario development, vendor procurement, compliance, and strategic planning for Citi’s global wealth deposits business.
Summary Generated by Built In

At Citi, we get to connect millions of people across hundreds of cities and countries every day.  And we've been doing it for more than 200 years.  We do this through our unparalleled global network.  We provide a broad range of financial services and products to our clients – whether they be consumers, corporations, governments or institutions – to help them meet their biggest opportunities and face the world's toughest challenges.

Shape your Career with Citi

Citi Global Wealth (CGW) brings together the full power of Citi to serve the entire continuum of wealth clients, from affluent to ultra-high net worth to family offices.  The strategies we create help our clients maintain liquidity while maximizing yields, transact in foreign currency and across borders, and manage fluctuating expenses or cash flow.  We are uniquely suited to helping our clients meet their banking needs across regions through our global network.

We’re currently looking for a high caliber professional to join our team as Officer, Product Management (Deposits) - Hybrid (Internal Job Title: Product Specialist – C11) based in Hong Kong.  Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future.  For instance:

  • Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.

  • We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.

  • We empower our employees to manage their financial well-being and help them plan for the future.

  • Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.

  • We have a variety of programs that help employees balance their work and life, including generous paid time off packages.

  • We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.

The Product Specialist is an intermediate level position responsible for the development of product plans, strategies and tactics in coordination with the Deposits Product Management team. The overall objective of this role is to coordinate the promotion of products to develop new markets, increase share of market and obtain competitive position.

In this role, you’re expected to:

  • Assist the customer lifecycle strategy from acquisition through early client engagement and implement strategies to optimize portfolio performance

  • Assess relevant customer, competitor, and industry insights to help define strategies to improve client experience and portfolio growth

  • Provide insight and recommendations on innovative product development, product targeting, and segmentation strategies as well as oversee aspects of product development life cycle management including market demands, technology trends, and the competitive field

  • Provide insight and execute on core marketing disciplines such as product development, price, promotions, platform and pillars, launching, and marketing to improve client experience and portfolio growth

  • Oversee product financial performance including identifying opportunities and gaps, and developing business strategies

  • Oversee and support risk and control related activities

  • Work with Operations and Technology with regards to process design and vendor procurement as well as communicate business plans on marketplace approach

  • Participate in budgeting and planning for strategic priorities and initiatives

  • 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 a successful candidate, you’d ideally have the following skills and exposure:

  • Bachelor’s/University degree or equivalent experience

  • 2-5 years of relevant experience

  • Cross functional knowledge (e.g. marketing, credit, acquisitions, product development, analytics)

  • Experience with banking products, preferably in deposit products

  • In-depth knowledge of regulations with solid experience on Deposit Protection Scheme (DPS)

  • Ability to drive business innovation, leverage management information, and utilize data analytics to drive results

  • Experience in scenario development and forecasting

  • Demonstrated experience in statistical modeling or other similar techniques

  • Demonstrated knowledge of product development with focus on commercial application, financial acumen, and investment processes across asset classes

  • Ability to work unsupervised and adjust priorities quickly as circumstances dictate

  • Ability to work under pressure and manage deadlines or unexpected changes in expectations or requirements

  • Demonstrated problem-solving and decision-making skills

  • Demonstrated analytical and influencing skills

  • Consistently demonstrates clear and concise written and verbal communication

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Take the next step in your career, apply for this role at Citi today

https://jobs.citi.com/dei

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Job Family Group:

Product Management and Development

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Job Family:

Product Management

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Time Type:

Full time

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Citi is an equal opportunity and affirmative action employer.

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.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View the "EEO is the Law" poster. View the EEO is the Law Supplement.

View the EEO Policy Statement.

View the Pay Transparency Posting

Skills Required

  • Bachelor's or university degree, or equivalent experience
  • 2-5 years of relevant experience
  • Cross-functional knowledge of marketing, credit, acquisitions, product development, and analytics
  • Experience with banking products, preferably deposit products
  • In-depth knowledge of regulations and experience with the Deposit Protection Scheme
  • Ability to drive business innovation, leverage management information, and use data analytics
  • Experience in scenario development and forecasting
  • Experience in statistical modeling or similar techniques
  • Knowledge of product development with commercial application, financial acumen, and investment processes across asset classes
  • Ability to work independently and adjust priorities quickly
  • Ability to work under pressure and manage deadlines or unexpected changes
  • Problem-solving and decision-making skills
  • Analytical and influencing skills
  • Clear and concise written and verbal communication skills

Citi Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Citi and has not been reviewed or approved by Citi.

  • Healthcare Strength — Health coverage is presented as comprehensive, including free in-network preventive care, mental-health resources, and the Be Well Program. Materials also state new hires have access to health and insurance benefits from the outset.
  • Retirement Support — The retirement plan offers a $1-for-$1 match up to 6% of eligible pay. New employees are eligible for the plan, with automatic enrollment after 90 days if they do not enroll themselves.
  • Inclusive Benefits Coverage — Benefits highlight fertility treatment coverage, adoption/surrogacy reimbursement up to $30,000, and disability coverage. Coverage extends to spouses and domestic partners regardless of gender identity or sexuality, with gender-affirming care-related support noted.

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The Company
HQ: Kwun Tong, Kowloon
223,850 Employees

What We Do

Citi's mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. We have 200 years of experience helping our clients meet the world's toughest challenges and embrace its greatest opportunities. We are Citi, the global bank – an institution connecting millions of people across hundreds of countries and cities.

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