The Director, Pricing Model Management will be responsible for developing, implementing, and maintaining the Pricing Models for the TTS Commercial Cards Issuing business and the TTS Spring by Citi acquiring business. The Pricing Models are the primary tool through which the Sales and Client Executive Teams determine a) card issuing program offers for existing and prospect clients and b) profitability and accuracy of card acquiring pricing proposals. The Pricing Model Management Head will be responsible for the end-to-end maintenance of all regional and global pricing tools, with a vision to consolidate all available tools into one and rolled out across all Clusters and Countries.
Development Opportunities:
- Chance to build an exceptional global network of professionals, technology teams and 2nd line functions, including Finance and Risk
- Long-term career path across geographies and business lines
- Competitive compensation package and benefits
- Flexible work arrangements
Responsibilities:
- Define and implement the standards for the Pricing Models, including the necessary management processes aligned to key data sets across core Price elements (i.e., market data, payments networks pricing and interchange, product hierarchy, pricing environments, revenue, and expense assumptions, etc.), model risk (including model methodology and validation), product control (P&L review).
- Build reporting dashboards to report key data metrics and provide meaningful insight on data analysis performed to support timely decision-making where required.
- Develop a comprehensive Pricing Model for Commercial Cards, which will be the standard for use across all Regions/Clusters, with the ability to run various pricing scenarios according to specific needs, providing the necessary output necessary to run the Cards business in a profitable manner.
- Develop a comprehensive Pricing Model for Spring by Citi for both Interchange++ and MDR pricing models. This includes accurate assessment and handling of payment network fees, gateway fees, processing fees, scheme/pass-through fees for both card payments and non-card payment methods.
- Develop and implement the governance processes necessary to run the pricing model, and identify the appropriate stakeholders (including Finance, Controllers, Accounting Policy, Sales, Client Executive, Operations, Technology, Product, others) who will be critical in the use of the model for business growth.
Qualifications & Skills:
- Extensive experience in developing complex financial models, with a focus on, but not limited to, pricing models for financial products.
- Experience in card acquiring, with a focus on, but not limited to, Interchange++ and MDR pricing models
- Demonstrated expertise with data analysis and modeling tools, including MS Excel.
- Ability to analyze large data sets and recommend ways to improve quality, controls, and efficiency.
- Deep understanding of the Cards business, especially on the Commercial side, is preferred but not required.
- Demonstrated experience in Finance, and understanding of the interplay between Product, Sales, Account Management, Pricing, Finance, and Treasury.
- Strategic thinker, with the ability to develop a tool as well as to implement its use across the Sales and Client Executive organizations at Citi Services.
- Excellent oral and written communications skills; must be articulate and persuasive with the judgement and authority to provide insightful commentary to senior stakeholders.
- Ability to drive change to business practices by working effectively across a global organization and able to influence a diverse group of stakeholders.
- Ability to handle complexity, ambiguity, and a fast-changing dynamic work environment.
Education:
- BA/BSc in Finance, Statistics, or similar degree
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Job Family Group:
Product Management and Development--------------------------------------- ---------------
Job Family:
Market Segments and Services-------------------------------------- ----------------
Time Type:
Full time------------------------------------- -----------------
Primary Location:
New York New York United States------------------------------------ ------------------
Primary Location Full Time Salary Range:
$170,000.00 - $300,000.00
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:
Jul 03, 2024---------------------------------- --------------------
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