Trading Venue Management Officer, Global Markets Third Party Management - Assistant Vice President (AVP) - PUNE

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Job Overview

Team Overview:

The Trade Venue Inventory (TVI) team is an integral part of Markets Third Party Management, operating within the Operational Risk and Control Group of Global Markets.

As a critical component of the in-business First Line of defense, our group is dedicated to overseeing and driving risk reduction initiatives. We are responsible for proactively investigating, developing, and implementing enhancements, as well as designing robust frameworks to ensure that pre and post-trade processes operate within Citi's established risk appetite and regulatory requirements.

Role Overview:

We are seeking an experienced professional to join our team as an Assistant Vice President (AVP) in Trade Venue Management and Markets Operational Risk. This role is crucial for supporting the integrity, compliance, and ongoing development of Citi's trading ecosystem.

The successful candidate will support the oversight and governance of Financial Markets Infrastructure (FMI) across Markets, ensuring adherence to Citi's Third-Party Management and FMI Policy and Standards, and assisting in the effective implementation of the Manager Control Assessment. This will involve engaging with business and control partners.

A key responsibility will be contributing to the management of Citi's comprehensive Trade Venue Inventory (TVI), which lists approved trading venues accessible by Citi Global Markets and is continuously monitored for market abuse. The AVP will be instrumental in supporting and performing the onboarding processes and controls for new trade venues, brokers, or product permissions to the TVI, prior to any trading activity.

Responsibilities:

• Policy Compliance: Support adherence and maintenance of the Markets TVI Management Procedure and driving compliance with applicable laws, rules and regulations.
• Trade Venue Onboarding & Ongoing Management:  Diligently review onboarding questionnaires to ensure the completion of all required steps and approvals. This includes verifying New Activity Policy eligibility and overseeing completion of necessary regulatory assessments for electronic trading, benchmarks, and auctions, where applicable.
• Control Operation & Oversight: Monitor and ensure that any trading activity identified on unapproved venues, brokers, or products is promptly escalated and addressed by the Markets Business
• Periodic TVI Reviews: Conduct regular reviews to verify the completeness and accuracy of the TVI, encompassing all venue access methods such as Voice, Electronic, Chats, and third-party portals/platforms.
• Monitoring & Reporting:  Track and analyze TVI Management metrics, develop insightful dashboards, and prepare periodic Risk and Control reports for the Markets Business and relevant Markets governance meetings.
• Control Gap Identification & Remediation:  Transparently and diligently escalate, manage, report on, and actively remediate identified control issues to ensure continuous improvement.

• Manager’s Control Assessment (MCA): Update and maintain a robust MCA framework in full compliance with the Citi Operational Risk Policy, contributing to a strong control environment.

• Cross Functional Process and Control Enhancement: Collaborate effectively with the Markets Business, Market Abuse Monitoring Teams, Product Compliance, and Third-Party Management teams across various geographies to enhance tools, processes, and controls.
• Roadmap & Innovation: Support the evolution of the TVI technology roadmap, including participation in User Acceptance Testing (UAT) as needed to ensure functional and reliable systems.

• Access Management: Administer TVI application access for relevant internal personnel, ensuring appropriate security and control.

• Audit Queries: Serve as a key point of contact for internal and external audit teams and other assurance groups, supporting the timely and accurate provision of all requested information.

Qualifications:

• Minimum of 8 years of experience in Operational Risk, Audit, or Compliance within a prominent banking or financial services firm.
• Demonstrated understanding of the Markets business across at least one of the following asset classes: Equities, FX, Rates, Commodities, Spread Products, or Markets Treasury.
• Familiarity with diverse types of trading venues, including but not limited to securities/derivatives trading exchanges, alternative trading systems (ATS), multilateral trading facilities (MTF), organized trading facilities (OTF), swap execution facilities (SEF), central banks, primary dealers, auctions, auction platforms, or other direct access venues.
• Consistently exhibits clear, concise, and effective written and verbal communication skills.
• Strong analytical abilities, with proven capability to handle and analyze large datasets from multiple sources for risk and control purposes.
• Ability to effectively multi-task and manage multiple project priorities simultaneously in a dynamic environment.
• Exceptional attention to detail.
• Proficiency in Microsoft Office Suite, with a strong emphasis on MS Excel.

Education:

• Bachelor’s / University degree or equivalent experience