CTI - Central Funding Desk Global USD Funding Leader - C15 - New York_

New York

**Department Description**

Citi Treasury manages the capital, funding, and liquidity of Citigroup legal entities; manages and provides corporate oversight of liquidity risk, interest rate risk, currency translation risk; and supports product, customer and geographic businesses with risk identification, risk management, product innovation and funding strategy.

Within Treasury, Citi Treasury Investments (CTI) is responsible for managing a majority of the firm’s Liquidity Portfolios including US Treasuries, US Agency debentures and MBS, ABS, and Covered Bonds, among other assets. The team also manages the firm’s USD interest rate risk, foreign exchange capital hedging and short-term funding activities.

Within CTI the Rates Portfolio Management (RPM) team maintains USD sovereign investments with the objective of preserving liquidity and producing returns. The Rates Portfolio Management team also manages the firm's USD interest rate position under Citi ALCO guidance and within established risk tolerances, in addition to managing funding activities to help meet liquidity objectives.

**Responsibilities**

Central Funding Desk (CFD) is responsible for executing daily funding trades to transfer cash and liquidity between different legal entities. The desk also manages third party derivatives execution to reduce the firm’s USD interest rate and basis risks.

The USD Funding Director (C15) will serve as the Head of Global USD Funding Hub and manage a team of eight people in New York, London, Delaware, and Puerto Rico (Latam funding hub). The responsibilities will include but not limited to:

Funding and Liquidity Management:

+ Oversee the team’s daily execution of intercompany funding activities for 30+ legal entities in New York, London, Delaware, and Puerto Rico

+ Supervise the team’s other trading activities including Fed Funds trades in New York and US Treasury Bill portfolio in Puerto Rico

+ Lead the monthly USD funding meeting to review USD Funding and Transfer Pricing (TP) activities by New York Markets Treasury

+ Oversee the team’s execution of PBWM’s non-USD funding trades with London Markets Treasury on behalf of the business

Interest Rate Risk & P&L Management

+ Coordinate with regional funding hubs to support local hedging needs

+ Review risk and P&L of CTI’s USD money market and bond transactions

+ Monitor non-USD Central Bank Balance management process in EMEA

Legal Entity Funding Flow Review:

+ Review and optimize intercompany funding and liquidity flows consistent with the overall balance sheet and liquidity objectives

+ Conduct ongoing review of intercompany funding flows between different legal entities by partnering with LE Treasury

Policy & Control

+ Conduct review of trade blotters and control checklist to ensure trades were executed in line with relevant policies and control framework

+ Perform a regular review of intercompany pricing between different legal entities to ensure trades were executed at arms’ length levels and met the 23A/B documentation requirement if applicable

+ Review and approve ICEC (Intra-Citigroup Extension of Credits) limits for intercompany trades

Project Management & Coordination

+ Provide leadership and analytical support for ongoing balance sheet, regulatory and technology projects including Puerto Rico Tax Initiatives, Off-shore hedges in Citi FTP, among others

+ Review any strategic booking initiatives and/or projects impacting CTI on an as needed basis

Market Intelligence & Strategy Definition

+ Gather market intelligence and formulate balance sheet management strategies

+ Participate in weekly market meeting discussions on market flows, fundamental & technical factors, risk positions, regulatory impacts, and portfolio strategy decisions

**Qualifications**

+ BA/BS in Finance, Business or Economics

+ CFA, MBA degree or other advanced degree, a plus

+ 10 or more years of experience in Financial Services

+ Treasury experience in balance sheet management and funding preferred

+ Fixed income portfolio management and interest rate risk management skills preferred

+ Prior work experience with different Citi organizations and functions is preferred

+ High level of analytical, modeling capabilities and project management skills

+ Proficient with Microsoft Excel, Access, VBA and Python helpful

**Job Family Group:**

Finance

**Job Family:**

Balance Sheet Management

**Time Type:**

Full time

**Primary Location:**

New York New York United States

**Primary Location Full Time Salary Range:**

$170,000.00 - $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.

**Anticipated Posting Close Date:**

Jul 04, 2024

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 (itigroup.com/citi/accessibility/application-accessibility.htm)** .

View the "EEO is the Law (ol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (ol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .

View the EEO Policy Statement (om/citi/diversity/assets/pdf/eeo\_aa\_policy.pdf) .

View the Pay Transparency Posting (ol.gov/sites/dolgov/files/ofccp/pdf/pay-transp\_%20English\_formattedESQA508c.pdf)

Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.