Prudential Reporting Expert – Change Management

Join our expanding Citi Finance Team in Budapest and make your own progress in a supportive and friendly environment!

We are a people-oriented organization that appreciates and promotes personal and professional aspirations. Our corporate culture is empathic: we acknowledge life-work balance throughout your career path.

Financial Reporting Senior Analyst

Regulatory Reporting team within Finance is responsible for preparation of daily, weekly, monthly, quarterly and annual returns to Central Banks and other policymakers. The reporting requirements are spread across Financial, Statistical, and Prudential regimes.

Financial and Statistical reporting team is responsible for categorizing end of period positions in the form of locally required balance sheet & P&L statements, while Prudential reporting team is responsible for capital adequacy calculation as per actual Basel rules, which includes accurate monitoring and reporting of capital ratios to several stakeholders including senior management, business leads and regulators. This role also collaborates with Traders, Middle Office and Policy team.

Our focus in on a large EMEA bank with a wide range of financial products.

In this position you will use and expand your experience and professional skills for the following responsibilities:

• Support the preparation, analysis, and submission of reports to various constituencies (National / central regulators like Prudential Regulation Authority (PRA) etc) based on requirements such as IFRS, UK GAAP, Basel.
• Perform analysis of financial results and conclude cause of variances such as accounting issues and economic events
• Participation in efficiency and innovation projects on ad hoc basis by reviewing and developing current processes using advanced digitalization tools
• Ongoing review and development of current processes to increase efficiency
• Liaising with multiple departments of the covered countries (including Financial Control, Treasury, Risk and Technology departments) to resolve issues
• Provide support to country Finance teams on an ad-hoc basis (e.g. audits, regulatory inquiries)

• Exploit a collaborative and motivating attitude to join forces with colleagues for excellent results
• Benefit from your organized personality, attention to details and independent working style
• Use your experience and knowledge to drive and contribute to outstanding team performance
• Perform analysis of financial results and conclude cause of variances such as accounting issues and economic events
• Produce metrics to senior management highlighting key issues and remediation status and maintain and enhance related operational and analytical procedures
• Assist in the development of process efficiencies and improvement efforts as well as data quality improvement projects
• Interpret policies, guidelines, and processes and resolve complex problems and transactions
• Assist with the management of one or more processes, reports, procedures, or products
• Exercise independence of judgement and autonomy.
• Act as SME to senior stakeholders and /or other team members.

The ideal candidate for this position preferably possesses the following qualifications and skills:

• 5+ years of work experience in financial, regulatory or risk reporting / auditing roles
• Good understanding of Accounting & Finance principles and Financial Markets and products/Regulatory Reporting requirements
• Excellent analytical skills, confident MS Excel knowledge
• Knowledge of Python, Knime, VBA
• University/College degree in finance/accounting
• Knowledge about UK GAAP / IFRS is highly advantageous
• Knowledge about Basel 3 is highly advantageous
• Ability to work with multiple functions
• Proven problem-solving skills
• Has the ability to operate with a limited level of direct supervision.
• Consistently demonstrates clear and concise written and verbal communication skills
• Have the ability to operate with a limited level of direct supervision.
• Languages: English (mandatory)

We are a development-focused organization. The above qualifications and skills are considered as primary assets for the position – but we do not pursue perfectionism: we look for capable colleagues and help them grow to excellence in their fields and positions.

What we can offer you

This role will offer you the opportunity to build a solid understanding of financial services operations and deepen your knowledge about effective regulatory requirements.  Since the regulatory landscape is continuously changing it will support your development that can drive your career.

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• Cafeteria Program

• Home Office Allowance (for colleagues working in hybrid work models)

• Paid Parental Leave Program (maternity and paternity leave)

• Private Medical Care Program and onsite medical rooms at our offices

• Pension Plan Contribution to voluntary pension fund

• Group Life Insurance

• Employee Assistance Program

• Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed

• Flexible work arrangements to support you in managing work - life balance

• Career progression opportunities across geographies and business lines

• Socially active employee communities with diverse networking opportunities

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

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