Business Strategy and Initiatives Manager

As a Business Strategy and Initiatives Manager at Citi, your key responsibilities will include advancing strategic operational and business initiatives, supporting global strategies focused on responsible growth, and engaging with leaders to drive best practices. You will also be tasked with collaborating with various Control Partners to identify and mitigate risks in the wealth organization.

To qualify for the Business Strategy and Initiatives Manager position at Citi, candidates should have at least 8 years of experience in the financial services industry, particularly in asset management or wealth management. A bachelor’s degree is required, while an MBA is preferred. Additionally, relevant licenses such as SIE, Series 7, and Series 63 are essential.

Experience in the financial services industry is crucial for the Business Strategy and Initiatives Manager role at Citi. With 8+ years of experience specifically in asset or wealth management, candidates are expected to bring deep industry knowledge and expertise that will drive business growth and enhance client experiences effectively.

Essential skills for a Business Strategy and Initiatives Manager at Citi include excellent interpersonal, written, and oral communication abilities. The capacity to communicate and influence effectively at various organizational levels is vital, along with strong analytical skills to leverage data for decision-making.

The salary range for a Business Strategy and Initiatives Manager at Citi in New York is between $176,720.00 and $265,080.00. In addition to a competitive salary, Citi offers various employee benefits including medical, dental, and wellness programs, and additional incentives.

In responding to this question, it's crucial to outline your methodical approach to identifying opportunities for growth. Describe how you leverage data analytics to inform decisions and ensure that strategic initiatives align with both customer needs and business objectives.

Share specific examples of your past leadership roles, highlighting how you motivated and guided your team towards achieving common objectives. Discuss how you encourage accountability and foster an environment of collaboration.

Discuss your experience by illustrating how you identify potential risks and outline steps you've taken to mitigate them effectively. Mention any frameworks or models you’ve used in collaboration with Control Partners like Risk and Compliance.

Prepare to give a specific example where you identified a bottleneck or inefficiency and the measures you took to resolve it. Emphasize the results achieved through your intervention and any quantifiable improvements.

Point out key performance indicators (KPIs) you would utilize to gauge success in business initiatives, such as client satisfaction scores, revenue growth, or efficiency improvements. It's helpful to have concrete examples of how these metrics applied in your past roles.

Discuss the importance of clear communication and stakeholder engagement. Provide insights into how you facilitate collaboration among departments to ensure strategies are aligned with the overall company objectives.

Share specific tools or methodologies you've employed to analyze data. Emphasize how data-driven insights have directly influenced your business strategy decisions and led to successful outcomes.

Explain how you incorporate client perspectives into strategy development, including methods for collecting feedback and how you ensure it informs decision-making. Discuss a scenario where client insights led to a change in strategy.

Elaborate on strategies you've used to set clear expectations and performance metrics. Describe how regular check-ins and feedback loops contribute to maintaining accountability throughout a project.

Demonstrate your industry knowledge by discussing current challenges such as market volatility, regulatory changes, or technology disruptions. Be sure to present proactive solutions or strategies you believe can address these challenges.