Head of Futures & Derivatives Clearing Operations, Pune

Citi Markets Operations provides world class solutions to institutional, corporate, sovereign and government clients of Citi Markets. As a Tier 1 financial institution with offices in over 80 countries, Citi Markets has an unmatched global presence and provides clients with access to the full range of capital markets products. In that capacity, Markets Operations support all post trade functions in a wide range of asset classes including Fixed Income (Foreign Exchange, Rates, Credit, Municipal Products, Cash & Derivatives); Equities (Cash, Derivatives); Futures and Derivatives Clearing; FX Prime Brokerage; and Syndicates (Fixed Income and Banking).

Citi Markets is the global leader in OTC Cleared product, and ranks in the top 3 in global coalition tables across all product. Our client franchise is excellent, having been named 2026 Derivatives Client Clearing House of the Year by Risk.net, and 2026 Client Clearing Provider of the Year by Futures and Operations World.

To further strengthen our global model, to optimize follow the sun capabilities and to enhance product offering, Futures and Derivative Clearing Operations are now opening a new site in Pune. A Director, Head of Futures and Derivatives Clearing Operations, is being sought to lead the build and ongoing management of this site.

Job Purpose – Head of Futures and Derivatives Clearing Operations, Pune

Futures and Derivatives Clearing Operations (FDC) are opening a new site in Pune, India, to support elements of global FDC flow. This is a key strategic role. The role will lead and oversee the build plus on-going management of a multi-function organization supporting components of global Brokerage, Reference Data, Controls and Trade Management processes for FDC flow..

Integral to success will be the delivery of accurate, timely, and well-controlled operational outcomes, inclusive of driving internal and external client excellence, books and records integrity, scalability, and governance models. It is important to ensure that the India build operates in accordance with global best practices and operating model, and that India is aligned to global control requirements. High efficacy and value add input in support of global activity are also key performance measures. Strong execution on team, culture and talent development are pre-requisite delivery requirements. The role requires strong partnership with Global Markets Operations, Markets, Finance, Technology, Legal, Compliance, and Risk.

In addition, dependent upon candidate profile, the Head of Futures and Derivatives Clearing Operations, Pune, will also take on a functional role as Head of Global Reference Data for FDC Operations. In this capacity the candidate will have direct functional accountability for the delivery of excellence in all reference data processes performed by FDC Operations.