Citi is looking for a new senior executive to lead the Instant Payments division
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Citigroup, also known as Citi, announced a new job ad, searching for a senior executive to help build a global strategy for instant payments.
The new department will be within its treasury and trade solutions (TTS) business, which provides cash management and trade finance services to multinational corporations, banks, and non-bank financial institutions in over 60 countries around the world. The company also provides services to e-commerce marketplaces, payment intermediaries, and even some organizations in the public sector.
Who is Citi looking for?
According to its job ad, the new addition to the company will be expected to create a five-year product development roadmap for Citi’s business. In addition, they will help build and connect new products and capabilities that will capitalize on the current shift, which is moving the financial systems toward instant payments.
This implies that the new recruit should know how to handle a sizable budget dedicated to developing new technologies and not only drive a shift from legacy batch payment platforms to express delivery but also make the solution competitive and innovative.
“Instant Payments is a key growth driver for Citi’s TTS business and a critical component of Citi’s differentiated network versus competitors,” the firm said. “It is the foundational layer for Citi’s market leading Transaction Service Business.”
Citi added that the business objective is to strengthen its leading position in the instant payments space, and accelerate revenue growth in a sustainable manner over the next few years.
While this is quite a tall order, the New York-based company offers a salary ranging from $200,000 to $300,000 per year. Finally, Citi would prefer a candidate who has a minimum of 12 years of experience in the payments/transaction banking arena and a proven track record of success in creating and delivering payments products.
Skills and Education
The new position will also require the candidate to collaborate with a number of other teams, according to the job description. “The role will require working closely and extensively with Region and Country Payments & Receivables teams, Express team, Operations and Technology teams, and key partners in Sales, Onboarding and Service to deliver business objectives.”
As for the skills, the company listed things like a digital mindset, strategic thinking, strong people management, influencing and communication skills, as well as superior interpretive and problem-solving skills.
Candidates are also expected to be able to articulate written and verbal communication skills, and be exceptional in organization and process management. A bachelor’s degree is required for the job, but a master’s degree is desirable, although not necessary to secure the position.
