Deposit Product Management, Vice President (VP) - Middle East & Africa Deposits

Location: Dubai, Dubai, United Arab Emirates

Employment Type: Regular

We are excited to announce a critical opening for a Deposit Funds Product Manager, Vice President. This senior-level position will be instrumental in shaping the future of our deposit products across the region. The successful candidate will be responsible for setting strategy and providing direction, leadership and budgetary/investment spend management. Additionally, this role will be responsible for the development of product plans, strategies, and tactics while coordinating product life-cycles in coordination with the broader Product Management team. The overall objective of this role is to lead the product launch, product development and expansion to new markets, increase market share and obtain competitive position

Key Responsibilities

• Act as a Product SME for Deposit products across the Middle East & Africa (MEA) cluster, Leads development and launch of Third Party Funds (TPF) including Client Money Accounts (CMA) and Collateralized accounts in MEA, in the broadest sense (i.e., orchestrate go-to market, legal diligence, continuous operational improvement, budget/investment spend, partnerships, training, support, etc.).
• Oversee and implement Depositor Protection regulations across the MEA cluster, ensuring adherence to local requirements and lead currency expansion within deposit product offerings.
• Act as a Product SME for standard liquidity product offerings such as Deposits, Time Deposits, Overdrafts, credit interest and associated Withholding Tax (WHT) and other local taxes across the MEA cluster
• Ensure product offerings and related processes are in strict compliance with relevant regulatory requirements and internal policies.
• Contribute to the strategic product roadmaps for core deposit products, including development, launches, and marketing efforts to maximize benefit and identify market trends within the MEA cluster.
• Execute client value propositions, positioning, segmentation, pricing, targeting, and channel strategies to achieve preferred partner status for deposit products.
• Drive product enhancements and updates to vision/roadmap for deposit products, incorporating market trends and client needs to maximize client satisfaction and improve business outcomes.
• Collaborate effectively on Corrective Action Plans (CAPs), defining product propositions, interim processes, and remediation activities aligned with strategic roadmaps for deposit products.
• Partner with Technology and Agile teams to develop strategic automation and process enhancement solutions to reduce implementation turnaround time (TAT) for deposit product initiatives.
• Appropriately assess and mitigate risk in all business decisions, safeguarding Citigroup's reputation, clients, and assets, ensuring compliance with laws, policies, and transparently managing control issues specific to deposit products.
• Align stakeholders around strategic initiatives and key decisions, and facilitate effective executive reviews with minimal support/oversight.
• Recommend and deliver process improvements in collaboration with onboarding, operations, technology, and other teams to enhance the efficiency of deposit product management.

Qualifications

• Experience: Experience: 6-8 years of relevant experience in product management within financial services, with a strong focus on Deposit product offering
• Education: University graduate, preferably in Business Administration, Finance, Marketing, or a related discipline. Master's degree preferred.
• Languages: fluent English

What We Can Offer You

This role offers a unique opportunity to build in-depth knowledge of financial services operations within the dynamic Middle East & Africa cluster. You will encounter new business challenges daily, helping you develop new skills that will drive your career. This broad role provides an excellent opportunity to work within a market-leading business fundamental to Citi's cash proposition. You will gain significant global and regional exposure with opportunities to interact with clients and drive innovative change in a well-established business environment. The successful candidate will thrive in a fast-paced environment amongst highly knowledgeable professionals.

Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We offer a competitive base salary (annually reviewed) and a comprehensive benefits package designed to support you and your family.

#LI-ZA1

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Job Family Group:

Product Management and Development

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Job Family:

Product Performance Management

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Time Type:

Full time

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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