Primary Location: United States,Massachusetts,Boston
Education: Bachelor's Degree
Job Function: Institutional Sales
Shift: Day Job
Employee Status: Regular
Travel Time: No
Job ID: 19004512
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.
Citi's Mission and Value Propositionexplains what we do and Citi Leadership Standardsexplain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.
Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop to are widely available to all.
Brief Description of the Organization
CBNA is the primary legal entity for Citi, providing products and services to consumers, financial institutions and corporate clients around the world.In the past, Citi has provided most of its internal reporting on a business by business basis.With the changes in the regulatory environment, strong legal entity reporting and governance has become essential.This team is responsible for ensuring that CBNA has the appropriate governance and control infrastructure to meet the demand for legal entity planning, execution, information management and the ever-evolving regulatory environment.
Description of the Position
The Product Development Manager is a member of the CIM Alternatives PE and RE Research team and reports into the current Head of CIM Alternatives Product Management. The team sources, researches and launches 10-12 private equity and real estate funds per year.The role of Product Development Manager involves working closely with and through multiple teams across Citi to launch and close products offered by the team. Specific areas of responsibility include:
Working with legal and fund admin oversight in feeder fund structuring;
Working with legal, tax, risk, compliance, operations and finance on legal documents, marketing materials; and managing the product approval process;
Coordinating with fund managers in marketing documents preparation, and in setting up subscriptions, operations and after sales support process;
Preparing the operations process template and organizing and leading operations calls; coordinating with operations and fund administrator on subscriptions and closing processes;
In collaboration with legal and compliance, making certain fund offerings are in compliance with regional regulations including Singapore MAS filing, AIFMD, CISA, RDR, PRIIPs, MiFID II and US Volcker Rule;
Preparing intranet product page and WebQQ launch templates; working with the IT teams to upload offering docs onto the systems;
Organizing launch announcements, SP 24 training calls and launch calls;
Maintaining and updating offering documents as needed on an ongoing basis during the marketing period;
Working with and communicating to Finance on the fee accrual process;
Sales and revenue tracking and reporting;
Develop presentations for upper management for strategy discussions, business planning, financial forecasting, budget reviews
Assist with preparing Monthly Business Review Presentations and Pipeline Reviews
Assisting and coordinating with the investment counselors and bankers in the distribution and sales process (e.g. answering questions on sub-docs and fund offering terms/details)
Platform investment performance tracking
Managing projects associated with ensuring compliance with global regulatory standards.
This role will substantially expand the selected candidate's understanding of Private Equity and Real Estate's product development, launch and closing processes, as well as the various regulatory requirements for marketing these products globally.The role will also grow the individual's understanding with the business planning and reporting function.The position is central to the PERE team.In this role, the product development manager will be a vital resource to the business, legal, operations, and the field.
BS/BA in Finance, Accounting, Mathematics, Economics, or related field preferred.
At least 2 years' relevant experience.
Background or previous involvement in private equity or investment management preferred.
Superior written and verbal communication skills and the ability to work effectively in a team-oriented environment.
Strong organizational skills and attention to detail, with the demonstrated ability to work productively and efficiently in a fast-paced global environment with multiple projects and deadlines. An ability to balance providing direction with offering assistance.
Strong analytical skills.
Facility with Excel, Word, Adobe and PowerPoint.
Familiarity with navigating CPB and GMI global operations a plus.