Head of Over the Counter (OTC) Derivatives Engineering, Director

Citi

Confirmed live today High trust
Hybrid

Quick summary

Work type
Hybrid
Location
Jersey City, NJ
Salary
$170,000–$300,000 / yr
Posted
2 days ago
Freshness
Confirmed live today

Market check

Salary context

Competitive pay

How this pay compares to similar roles

Similar $244k
This role $235k
$154k most similar roles pay here $316k

This role pays less than 56% of similar roles. Most pay $210,000–$277,625 — the shaded band above. At the midpoint, this role pays about $235k versus about $244k for comparable roles.

Based on 240 similar postings.

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About Citi

Citi is one of the world’s most trusted financial institutions, proudly serving millions of customers across the United States.

Citi currently has 270 open roles on FindRole.

Listed pay typically runs $125,760–$188,640 across 252 roles with salary data.

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At a glance

TL;DR · Head of Over the Counter (OTC) Derivatives Engineering, Director

Head of Over the Counter (OTC) Derivatives Engineering, Director serves as a senior leader within Futures & Derivatives Clearing Technology responsible for the strategy, roadmap, and delivery of technology supporting OTC Clearing across global central counterparties. The role involves managing a global organization to modernize the technology estate by improving application architecture, data quality, lineage, and platform resiliency. You will oversee complex change portfolios, drive engineering excellence through DevSecOps, CI/CD, and automated testing, and ensure compliance with strict regulatory requirements for client and house clearing businesses. Key responsibilities include overseeing high-availability trading and post-trade platforms while managing risks across multiple jurisdictions. The position requires deep expertise in OTC derivatives clearing processes, CCP connectivity, margining, lifecycle management, and distributed systems to solve critical infrastructure challenges within a highly regulated financial services environment.

What you'll do

  • Define and execute the strategic vision, technology roadmap, and investment priorities for the OTC Clearing platform.
  • Lead large-scale modernization initiatives including architecture simplification, cloud adoption, and automated engineering practices.
  • Manage a complex global change portfolio to ensure delivery against business, regulatory, and strategic objectives.
  • Oversee end-to-end ownership of technology solutions from initial concept through implementation and production support.
  • Champion modern engineering standards such as DevSecOps, CI/CD, observability, and automated testing.
  • Improve data quality, governance, lineage, and controls across the OTC Clearing ecosystem.
  • Manage a global organization of technologists while fostering a high-performance culture and developing leadership succession plans.
  • Ensure all technology solutions comply with regulatory requirements and internal risk management standards.

What we're looking for

  • 15+ years of engineering leadership experience within financial services markets technology.
  • 8+ years of managing large, globally distributed engineering organizations.
  • Demonstrated experience building and evolving OTC Clearing technology platforms for client and house clearing workflows.
  • Proven track record of delivering large-scale transformation and modernization initiatives in highly regulated environments.
  • Experience managing senior stakeholder relationships across business, operations, risk, compliance, and technology functions.
  • Deep understanding of OTC derivatives clearing processes, CCP connectivity, margining, and post-trade processing.
  • Strong knowledge of clearing-related regulatory requirements across the US, UK, EU, and Asia-Pacific markets.
  • Experience designing and operating high-availability, mission-critical trading or post-trade platforms.

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