Senior Vice President, Product Management – Custody FX
The FX Partnerships Product team sits within the wider FX Product team in Markets. This team is responsible for partnering with other divisions within Citi in delivering FX solutions to clients leveraging Citi’s significant FX franchise. Specifically, the team partners with the Treasury and Trade Solutions (TTS), and Securities Services organisations with supporting FX capabilities.
Citi’s Custody FX franchise supports clients in 70+ currencies through a variety of channels, pricing styles and workflow solutions. With one of the largest FX franchises and onshore local markets capability and reach, this role represents a significant opportunity to contribute directly to Citi's strategic objectives, shaping the future of financial services. This area is going through significant platform and product transformation and is critical to Citi's strategic initiative in FX.
Role Summary
We are seeking a highly motivated and experienced Custody FX product manager to join our FX Partnerships Product team focused on supporting, transforming and growing the Custody FX business. This role will be instrumental in driving the strategic development, management, and execution of change for FX for Custody clients. The successful candidate will play a key role in identifying market opportunities, fostering strategic alliances, and delivering cutting-edge FX products that meet the evolving needs of our clients and enhance our competitive position.
Key Responsibilities
Strategic Product Development & Innovation
Identify, evaluate, and prioritize new FX product opportunities and innovation initiatives focused on Custody FX, aligning with the overall business strategy.
Work closely with other product managers, the product development team, technology and partners to deliver Custody FX transformation.
Working with management, sales and other partners to create client driven product roadmaps and strategy informed by market research and competitor analysis
Collaborate with internal stakeholders (e.g. Custody, Sales, Trading, Technology, Legal, Compliance, Risk) to ensure product feasibility, regulatory adherence, and successful launch.
Clients & Partnership Management
Work closely with select clients in partnership with different business units to create compelling solutions
Source, evaluate, and establish strategic partnerships with Citi’s Services business, technology providers, and other external entities that can enhance our FX product offering.
Negotiate and manage partnership agreements, ensuring alignment with business objectives and risk frameworks.
Develop and maintain strong relationships with partners, fostering collaborative environments for joint product development and go-to-market strategies.
Monitor partnership performance and identify opportunities for optimization and growth.
Product Lifecycle Management
Manage the end-to-end product lifecycle for assigned FX products, from ideation to launch, growth, and eventual retirement.
Work with product managers and developers to elaborate requirements and build cutting edge FX products suitable for institutional clients.
Oversee product testing, validation, and quality assurance processes.
Monitor product performance, gather client feedback, and iterate on product features and enhancements.
Ensure products comply with all relevant internal policies and external regulations.
Market Intelligence & Thought Leadership
Stay abreast of industry trends, technological advancements, and regulatory changes impacting the FX market.
Represent the firm at industry conferences, seminars, and client engagements, positioning as a thought leader.
Contribute to internal knowledge sharing and best practices within the FX product team.
Qualifications
Education
Bachelor’s degree in Finance, Engineering, Computer Science, or a related field.
Experience
Experience in product management within the financial services industry, with a strong focus on foreign exchange (FX) products.
Solid understanding of FX markets, risk management, trading mechanisms and regulatory landscape.
Custody FX experience required in at least 2 of the following: auto FX, direct dealing, currency overlay and hedging solutions
Understanding of direct dealing and efx connectivity related to institutional client flow
Knowledge of investment lifecycle, cash management and FX exposure management in portfolios
Understanding of regulation differences in local markets vs offshore
Proven track record of successfully launching new products and managing product lifecycles.
Experience of custody agnostic workflows, execution, and settlement
Skills
Strategic Thinking: Ability to analyze complex problems, identify opportunities, and develop strategic solutions.
Product Management Expertise: Strong understanding of Agile product development methodologies, roadmap planning, and go-to-market strategies.
Relationship Management: Excellent interpersonal and communication skills with the ability to build and maintain strong relationships with internal and external stakeholders.
Communication: Exceptional verbal and written communication skills, with the ability to articulate complex concepts clearly and concisely to diverse audiences.
Technical Acumen: Familiarity with relevant technologies and platforms impacting FX markets (e.g., APIs, blockchain, AI/ML, cloud computing).
Leadership: Ability to lead cross-functional teams, influence stakeholders, and drive consensus.
Results-Oriented: A proactive and driven individual with a strong commitment to achieving business objectives.
Technology: Ability to understand technology concepts, converse with tech teams as well challenge architecture and direction
Preferred Skills
Knowledge of global financial regulations impacting FX.
Experience in custody fx transformation at another institution
Client facing experience
Data analytics e.g. python, SQL
Candidates applying for this role must be aware that it is a Certified Role, subject to the FCA and PRA Certification Regime.
The Certification Regime is one element of the Individual Accountability Regime which came into effect on 7 March 2016.
Under the Certification Regime, Citi UK regulated entities (Citi entities) must ensure that employees working in certain roles categorised as specified significant harm functions (Certified Roles) are assessed as fit and proper to carry out their role.
Under the guidance provided by the FCA and PRA, firms should have regard to the following when assessing fitness and propriety:
Honesty, integrity and reputation
Financial soundness
Competence and capability
In order to comply with the requirements of the Certification Regime, Citi entities must take reasonable care to ensure that an employee does not perform a Certified Role without first being certified as Fit and Proper. For this reason, you will be assessed for this role against the Fit and Proper requirements, as described above.
This assessment will be carried out through extensive interviews, self-disclosures, permitted criminal record checks, regulated reference checks, credit checks and other background screening checks.
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Job Family Group: Product Management and Development------------------------------------------------------
Job Family:Product Development------------------------------------------------------
Time Type:Full time------------------------------------------------------
Most Relevant Skills Please see the requirements listed above.------------------------------------------------------
Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
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 Citi’s EEO Policy Statement and the Know Your Rights poster.
Skills Required
- Bachelor's degree in Finance, Engineering, Computer Science or related field
- Experience in product management within financial services with strong focus on FX products
- Custody FX experience in at least two of: auto FX, direct dealing, currency overlay, hedging solutions
- Understanding of direct dealing and eFX connectivity related to institutional client flow
- Knowledge of investment lifecycle, cash management and FX exposure management in portfolios
- Understanding of regulatory differences in local markets vs offshore
- Proven track record launching new products and managing product lifecycles
- Experience with custody-agnostic workflows, execution, and settlement
- Familiarity with Agile product development methodologies and roadmap planning
- Technical acumen to understand technology concepts and engage with engineering/architecture teams
- Subject to FCA and PRA Certification Regime; must pass fit and proper assessments, background and credit checks
- Knowledge of global financial regulations impacting FX
- Experience in custody FX transformation at another institution
- Client-facing experience
- Data analytics skills (e.g., Python, SQL)
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.
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Healthcare Strength — Benefits coverage is positioned as comprehensive, including health, dental, and vision insurance plus on-site clinics, prescription drug support, and disability coverage. Family-building support such as fertility assistance is described as a notable differentiator within the overall package.
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Retirement Support — Retirement benefits are framed as strong, highlighted by a 401(k) with matching and additional plan options like a Roth 401(k). Financial support is reinforced through discounts and broader financial guidance resources tied to the benefits ecosystem.
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Wellbeing & Lifestyle Benefits — Wellbeing support extends beyond insurance through programs like an Employee Assistance Program, counseling/legal resources, and gym or wellness reimbursement. These offerings increase the perceived total rewards value even when cash compensation sentiment varies by role.
Citi Insights
What We Do
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