Citi
Product Manager - Prime Product & Margin
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Product Manager - Prime Product & Margin
Director, Cross Product Margin (CPM) – Prime Finance
About the Role
Citi’s Markets division is one of the world’s leading providers of financial products and services across fixed income, equities, currencies, commodities, and prime finance. Within this division, Prime Finance serves as critical infrastructure for hedge funds and institutional clients, offering financing, securities lending, margin, and portfolio solutions across asset classes.
This role is a Director-level opportunity focused on Cross Product Margin (CPM)—a strategically vital and technically complex area at the heart of Citi’s margin management for institutional clients. The successful candidate will lead product management, driving the design, development, and implementation of cross-asset margin frameworks and the underlying technology.
This is a high-visibility position with direct engagement with senior stakeholders across business, technology, and risk functions. It offers the opportunity to shape a capability central to Citi’s competitive edge in prime brokerage.
Key Responsibilities
- Lead product lifecycle for Cross Product Margin (CPM) capabilities, translating complex methodologies (e.g., scenario-based, VaR, and Expected Shortfall frameworks) into scalable, well-defined product requirements for technology delivery.
- Define and drive the strategic roadmap for CPM infrastructure, integrating execution, clearing, and margin technology into a cohesive, globally harmonised architecture across asset classes.
- Act as the primary subject-matter expert on cross-asset margin frameworks, including:
- Portfolio-level offsets
- Concentration add-ons
- Liquidity haircuts
- Regulatory overlays for equities, fixed income, FX, futures, and cleared derivatives
- Collaborate cross-functionally with Trading, Risk, Operations, Legal, and Compliance to align margin product design with commercial objectives and requirements, including:
- FINRA Rule 4210
- Regulation T and ISDA/CSA mechanics
- Evolving central clearing mandates
- Engage directly with institutional clients and internal stakeholders to identify margin optimisation opportunities, articulate product capabilities, and support client-facing tools and reporting.
- Drive governance and prioritisation of cross-functional technology programmes, ensuring delivery against timelines and commercial milestones in a multi-stakeholder environment.
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Requirements
Technical & Functional Expertise
- Significant experience (10+ years) in product management, business analysis, or senior operational roles within Prime Brokerage, Prime Finance, or related fields at a global financial institution or broker-dealer.
- Deep technical knowledge of margin frameworks, including:
- SPAN, TIMS, VaR, and Expected Shortfall methodologies
- Cross-margining structures and portfolio margin concepts
- Strong understanding of the regulatory landscape, such as:
- Regulation T
- FINRA Rule 4210
- SEC 15c3-1/15c3-3
- ISDA/CSA collateral mechanics
- Central clearing developments
- Proven ability to translate complex technical concepts into clear product requirements and influence stakeholders across business, tech, risk, and compliance.
- Cross-asset knowledge spanning:
- Equities (cash and synthetic)
- Fixed income
- FX
- Futures
- Cleared swaps
- Understanding of margin’s intersection with financing, securities lending, and client portfolios
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Academic & Professional Background
- Strong quantitative, financial, or technical degree.
- Postgraduate qualification or CFA charterholder status desirable but not essential.
Benefits & Culture
- Impact at scale: Drive a capability critical for competitive advantage in prime brokerage.
- Senior leadership exposure: Interfaces with C-suite and functional heads.
- Technical depth: Work at the intersection of buyside requirements, regulatory demands, and cutting-edge tech infrastructure.
About the Team
- Job Family Group: Institutional Trading
- Job Family: Trading
- Employment Type: Full-time
Diversity & Inclusion
Citi is an equal opportunity employer, committed to considering all qualified candidates without regard to race, colour, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by law.
For accessibility assistance with our tools, please review Accessibility at Citi. View the EEO Policy Statement and Know Your Rights poster.
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