What are the responsibilities and job description for the Payments Transformation Product Lead - VP position at Citi?
This role will lead Payments Transformation projects and teams as Product Manager under the Services’ Payments line of business.
Payments Modernization is a key global initiative at the center of the Services’ Strategy transforming Citi’s payments model and infrastructure. It implies implementing in Citi Franchises across the world a new payments ecosystem based on microservices and cloud technologies, designed to be globally consistent. This new ecosystem will put Citi in a leadership position as payment service provider, taking advantage that new technologies and digitization bring to the market: instant payments, 24 x 7 operation, process automation, integration of digital wallets, elimination of manual activities, digitization of the client journey and new digital value-added services for payers and payees.
As Citi in each country moves clients from legacy platforms to the new one, there is a complex transition to handle. Quality of service must be kept at all times during the change. The key objective of the Payments Transformation Product Manager will be to oversee all aspects of the transformation initiative, including vision alignment, business prioritization, operational improvements, project management, business and technical solutioning, testing and client migration.
As Manager, leads the multiple participants from the various geographies and functional groups (Product, Operations and Technology, which can be global, regional and/or local) under the scope of the Transformation initiative. This includes being on top of all the dimensions of the transformation initiative: requirements intake, business design global alignment, client experience, Ops. readiness, product approvals, budget, tech. rollout & testing, market launch/ migration; ensuring a successful implementation of the new ecosystem and a smooth and timely migration of all clients.
As countries complete the transition, the focus moves to the next phase of countries, following the planned Transformation Roadmap of countries/ payment types across the region.
An integral part of the Payments Transformation Product Manager Lead responsibility is to manage all risk aspects of the initiatives (regulatory, operational, compliance/ activity approvals, CAPs, etc.)
In summary, the Payments Transformation Product Manager leads teams (Product, Ops., Tech., at multiple levels: global/ cluster/ country) and owns all aspects of the Transformation initiative from initiation to effective commercialization/ migration.
Key Responsibilities:
Oversee all aspects of the transformation projects: requirements intake, business design global alignment, client experience, Ops. readiness, product approvals, budget, tech. rollout & testing, market launch/ migration; ensuring stakeholders (Product, Ops., Tech.) alignment and execution, leading to a successful implementation of the new ecosystem and a smooth and timely migration of all clients.
Lead the front-running/ multi-disciplinary (Product, Ops., Tech.) initial country assessments, identifying and documenting requirements and gaps.
Responsible for providing leadership and direction to one or more scrum teams and hold end-to-end responsibility for the project deliveries and business milestones.
Own applicable signoff of project artifacts and requirements.
Engage as needed and ensure commitment and alignment of key initiative stakeholders (Ops, Tech, Compliance, Sanctions, other Product areas, at local, regional, and global levels) to project governance, required participation and deliverables. Escalate as needed.
Ensure solution design aligns with strategic direction, including adherence to the Business Design Authority and PODs processes.
Ensure solution alignment with global business objectives, scheme requirements, branch needs and client experience.
Own client migration strategy, planning & execution - including assessment of client demographics, impact on client experience and defining the optimal migration approach.
Oversee and collaborate with the internal and external communications plans, aligning with Product Management, Sales and cluster/ local management.
Drive Product readiness activities with local Product, including business / Sales/ front office alignment and product documentation.
Ensure all compliance needs are duly met (NAC, NPA, Sanctions, etc.)
Ensure Operations Readiness activities proper planning and execution.
Coordinate with global, regional, and local teams (Prod., Tech., and Ops) the implementation and support activities. Support and keep proactive engagement with global, regional, and country teams (Ops, Tech., Prod.) towards preparation of Business Cases, trainings, awareness sessions and other related project required activities.
Qualifications
Knowledge/ Experience:
6 years of relevant professional experience, including related fields.
Good understanding of the payments business, products, and technology.
Experience on relevant roles on governance and project execution across multiple teams, line of businesses and/ or geographies. Preference for projects with high technological and operational components
Knowledge of payment operations (interaction with clearinghouses, client channels, etc.)
Project Management experience
Proven track record of delivering results.
Identification and management of risks.
Consistent good performance track record.
Experience on payments transactional products a plus.
Product Management experience a plus.
Skills:
Bilingual English and Spanish, highly desirable
Excellent interpersonal and communication skills, at senior level and with internal and external stakeholders. Good presenter to senior and client audiences. Comfortable escalating to seniors and across levels and areas
Advanced Excel and PowerPoint/presentation skills
Ability to navigate the bank organization across products and at local, regional, and global levels.
Strong problem solving and interpretation skills.
Education:
Bachelor degree required, MBA or equivalent a plus
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Job Family Group:
Product Management and Development------------------------------------------------------
Job Family:
Digital Product Management------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
Miami Florida United States------------------------------------------------------
Primary Location Full Time Salary Range:
$129,520.00 - $194,280.00
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.
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Anticipated Posting Close Date:
Jan 17, 2025------------------------------------------------------
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.
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Salary : $129,520 - $194,280
