Regulatory Reporting Automation- and Data Transformation Senior Specialist

Job Purpose

Position specialised in the development of automation solutions (workflows, scripts, code, etc.) to simplify the creation of regulatory reports in the Budapest Finance Local Regulatory Reporting CSC. 
Utilising specialised skills and tools to translate business rules into algorithms, data transformation workflows or code scripts. Participates in system implementations related to local regulatory reporting for countries across the EMEA region.

Citi’s strategy for automating local regulatory reporting processes requires keen insight into data needs, agility to understand and algorithmise regulatory rules and communication skills to convey messages across impacted departments.

The Automation- and Data Transformation Senior. Specialist will analyse legacy processes and End User Computing solutions, as well as available data sources, to come up with technology solutions to automate said processes and decrease manual taks.  He/she will test the solutions and work with Technology to deploy them into production systems.

The Regulatory Reporting Automation- and Data Transformation Senior. Specialist will liaise with several departments outside of Finance, many of them located overseas, thereby gaining exposure to a broad range of international stakeholders.

Job Background

EMEA Regulatory Reporting Citi Service Centre (CSC) in Budapest is a key part of the Finance function.  It is Citi’s pioneering centre on a global scale where local regulatory reporting professionals work together in a central location, to ensure consistent quality of local regulatory reporting across multiple jurisdictions and legal vehicles.

The CSC is organized into 5 groups based upon  reporting type and function:

• Prudential Reporting team performs capital adequacy calculation based on Basel2/3:
  • Credit Risk team covers the monitoring and reporting of own funds, credit risk, counterparty risk, settlement risk, CVA risk, large exposure risk and the leverage ratio which forms the basis of capital management decisions
  • Market Risk and By-desk team covers monitoring and reporting of market risk including Internal Model and Standardized approaches, and monitors the trading desks’ capital usage versus the assigned targets and supports traders with analysis of their portfolio
• Statistical Reporting team covers Central Bank for key monetary statistics, based on which important monetary policy decisions are made and also liquidity reporting
• Controls and Standardizations team ensures consistency of controls across the above areas
• Regulatory Reporting System Implementation team is responsible for new systems development and implementation of new rules and regulations
• EMEA Local Regulatory Reporting Transformation team responsible for the execution of efficiency and innovation projects in line with Citi Controllers’ strategy and goals

The department’s role encompasses from end to end the reporting processes centralized in the CSC for regulated legal vehicles in EMEA.  Members of the CSC always strive to improve processes and strengthen the control environment, while continuing to make Citi a great place to work.

Key Responsibilities:

The ideal person for the role shall...:

• Apply analytical thinking and knowledge of data analysis tools and methodologies for the purpose of automating regulatory report creation for financial regulators.
• Deal with most problems autonomously, independently and is capable of solving complex problems
• Require attention to detail when making judgments and recommendations based on the analysis of factual information.
• Integrate in-depth specialty area knowledge (e.g. banking regulatory reports) with a solid understanding of industry standards and practices relating to the automation of data transformation processes.
• Have a customer centric approach to server stakeholders.
• Regularly assume informal/formal leadership role within project teams.
• Be involved in coaching and training of new recruits and junior team members.
• Have significant impact by influencing decisions through advice and counsel.
• Breaks down information in a systematic and communicable manner.
• Developed communication and diplomacy skills are required in order to exchange potentially complex/sensitive information. Moderate but direct impact through close contact with the businesses' core activities.

Responsibilities:

• Works with stakeholders in Regulatory Reporting function of Finance to develop and deploy digital solutions that simplify or fully automate the creation of financial reports for internal use or for financial regulators.
• Designs, Creates and Deploys automation solutions with data transformation workflows (e.g. KNIME), automation scripts (e.g. Excel VBA, Python) or Robotic Process Automation - RPA tools (e.g. Automation Anywhere).
• Independently develops or leads the development of solutions, to maximize value delivered with limited resources and tight deadlines without compromising quality, modularity and maintainability.
• Supports the creation of new business case proposals to initiate projects targeted at improving efficiency and productivity.
• Contributes to the design, roll-out and governance of digital financial solutions.
• Participates in formulating and setting strategic direction for the automation of regulatory report creation processes.
• Participates in assessing and incorporating changing business, regulatory and market information needs into finance processes and applications in the context of regulatory report creation.
• Identifies and resolves problems using autonomous judgment.
• Proactively seeks out opportunities to make an impact and improve the efficiency and effectiveness of colleagues.
• Mentors junior colleagues on the use of digital technology tools, to upskill non-technical Finance team members and facilitate handover of developed solution.

Knowledge and Experience:

• Knowledge of Data Transformation tools (KNIME, Alteryx, Talend, PowerBI) is an advantage. Related certifications are a plus.
• Advanced MS Excel knowledge
• Fluent English knowledge
• Knowledge of an additional EMEA language is an advantage
• Has working knowledge or willingness to pick up industry practices and standards (financial products, markets, accounting principles, understanding of regulatory frameworks)
• Knowledge or prior experience with any of data analytics/visualization/automation/programming tools
• Knowledge of basic data transformation techniques/concepts such as merging, sorting, filtering, transposition, looping, etc. and ability to create more complex transformations based on them
• Experience in VBA, Python, C, C++, C#, MS Access, SQL is an advantage.

Skills:

• Excellent analytical skills
• Interpersonal skills, ability to manage stakeholder relationships across senior-junior levels
• Creative, proactive and flexible
• Excellent ability to pay attention to details and work under pressure
• Ability to meet tight deadlines
• Achieve objectives via working with and influencing others
• Passion to pick up new tools and skills in a self-motivated manner.

Qualifications:

• 5-8+ years work experience in field related to role (e.g. financial sector, technology development, reporting, automation roles).
• Excellent relational, communication and presentation skills (high level of PowerPoint competency and visual storytelling skills required).
• Has working knowledge or willingness to pick up knowledge about industry practices and standards (financial products, markets, accounting principles, understanding of regulatory frameworks).
• Prior experience leading small project teams is an advantage.
• Excellent oral and written communication skills in English.

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Competencies:

• Highly motivated with advanced analytical & problem solving abilities
• Demonstrated ability to complete tasks within tight deadlines
• Enthusiastic team player
• Professional communication & interpersonal skills

We offer you:

• Competitive compensation package with a wide range of benefits:
  • Cafeteria Program
  • Home Office Allowance - for colleagues working in hybrid and remote work models
  • Paid Parental Leave Program - maternity leave 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 colleagues’ in managing work - life balance
• Continuous career progression opportunities across geographies and business lines
• Inclusive and friendly corporate culture
• Socially active employee communities with diverse networking opportunities

Sounds like Citi has everything you need? Apply to join the world’s most global bank and discover the true extent of your capabilities.

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