This is a leadership position within Basel Reporting Operations and will be responsible for managing global (Follow the Sun Model) finance and risk matching and Y9C-
CCAR. Finance and Risk Manager will be responsible for the management, supervision of Fin Risk team and will be accountable to the RSG group in New York.
This role will serve as the senior escalation point for all outstanding finance and risk activities and will be involved in direct interaction with senior management in the Finance, Risk, Risk Architecture and Technology organizations.
Besides will be responsible party of Citigroup’s FR Y-14A submission, Citi is required to ensure that the gross credit exposure submitted under CCAR is in line with the exposure submitted in the its FR-
Y9C quarterly financial submission. To substantiate this check, Citi must reconcile its Finance and Risk mark-to-market populations.
The candidate for this position would play a key role in this reconciliation process. Key Responsibilities :
Serve as the senior escalation point for Global Fin & Risk analysis and CCAR activities.
Oversee and take a leading role in performance measurements of teams.
Provide expert guidance and support on the development of key controls, standard processes, operating procedures and promulgation of best practices.
Interface with RSG group, Finance and risk Owners, Basel Ops, and Technology teams and other Citi business stakeholders on a regular basis.
Build and maintain relationships with Fin& Risk Team in Manila site in an effort to constantly refine, improve and share working best practices globally.
Support the coordination of ICG third party, Intercompany, CVA, CCB and CCAR Monthly Operating Review process and monthly month end process.
Review results of ICG third party, Intercompany, CVA, CCB and CCAR monitoring activities providing robust quality checks of such activities.
Perform monthly / quarterly mark-to-market reconciliations between Citi’s Finance (Y9C) and Risk (CCAR) populations.
Help design and enhance the current reconciliation, to produce a more robust process.
The candidate will be investigate and perform root cause analysis for the observed differences.
Will work closely with members of the Regulatory Solution, Financial Controllers, Front office, Technology, and Risk teams to determine the cause of observed MTM differences, and help drive resolutions for such issues.
The candidate will be responsible for the creation of monthly presentations which will showcase the current reconciliation, highlight observed differences, and track their resolution.
Create and maintain all documentation related to the reconciliation process.
Perform a lead role in the design, development and execution of key RSG and business initiatives.
Perform reviews of month end reports and metrics, KEC creation month end and post mortem ongoing monitoring activities and provide credible challenges to accountable / responsible parties.
Provide and present periodic updates to RSG and business Heads globally.
Embed a culture of coaching to teams while actively monitoring and assessing staff development needs, required training and development opportunities.
Qualifications Knowledge / Experience / Skills :
6-8 years of experience of Financial Services
Awareness of financial, analytical and reporting tools
Fin & Risk Matching reconciliation for third party, Intercompany, CCB, CVA, CCAR and KEC / MQC creation experience
Citirisk Reporting, Optima, and CWM experience
Knowledge of the CCAR and CVA Reconciliation Process
Advanced Microsoft Excel and Powerpoint skills
Proven ability to interact effectively with diverse cultures and backgrounds.
Bilingual : English and Spanish
5+ years Finance or Credit Risk relevant experience with demonstrated leadership role(s)
Relevant experience on Regulatory reporting
Strong analytical / investigative skills required
Strong communication & presentation skills
Ability to question status quo, and identify opportunities to reengineer / streamline processes
Ability to partner with senior stakeholders across businesses and geographies
Yes, 10 % of the Time