The Finance Division acts as a strategic partner across business lines. Professionals within the division work closely with the management teams of Citigroup's many departments, adding value to the firm's operations through strategic analysis and hands-
on participation in planning and in process redesign. The Finance Division consists of Treasury, Tax, Controllers, Accounting Policy and Planning and Analysis.
Within the Controllers department, the Product Control area is responsible for calculating and explaining the financial performance of each trading desk in Citigroup.
This group is charged with understanding the trading strategies including the products, hedging, pricing, funding, risk management, and regulatory implications.
Product Control at Citigroup is organized into teams that work closely with each trading desk and business unit. The Product Control group within the Commodities division is the key finance group responsible for daily PNL reporting, PNL attribution, price verification and balance sheet substantiation.
The group works very closely with the Front Office, Middle Office, Operations, Compliance, Market Risk, Legal and IT.Role will cover the NAM Commodities desks and responsibilities include : Manage the daily reconciliation of the front office risk system versus back office product processor ensuring material breaks are escalated for resolution Manage the posting of manual adjustments required to temporarily correct errors in the product processor ensuring material adjustments are reviewed and approved Manage the independent review performed of the profit and loss attribution produced by the front office risk system which encompasses daily compilation and distribution of profit and loss, profit and loss attribution and commentary on main drivers of the profit and loss for review by the business Manage the formal reporting of the daily profit and loss and commentary Analyze the results of the month end price verification and pricing reserve processes for respective area(s) controlled ensuring results are communicated to the business and posted to the ledger Analyze the results of month end balance sheet reconciliation and revenue tie outs for respective area(s) controlled ensuring breaks identified are reviewed, resolved and escalated appropriately Redesign and streamline daily and monthly processes to create efficiencies Work closely with other stakeholders (Front Office, Accounting Policy, Middle Office, Operations, Compliance, Market Risk, Legal and IT) on new products, structured transactions, trading book purchases, adhoc business aligned projects and compliance with regulatory (e.
g. Dodd Frank) requirements Work closely with other regional offices on Finance wide initiatives to ensure compliance with policies and consistency SOX and related Risk and Control Self-
Assessment responsibility for the respective area(s) under responsibility Provide adhoc analytics / metrics to the business and Finance management team Participate in collection and analysis of data for external regulatory requests (Fed, CFTC, FERC, OCC) and audit reviews