Balance Sheet Reconciliation Manager, Assistant Vice President​

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here.  At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks.  We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning.  You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

The position of Assistant Vice President, Balance Sheet Reconciliation Senior Analystis responsible forreconciliation of Balance Sheet Accounts for specific business Segment. Role supports the respective reconciliation segment leadsin driving full compliance of the Balance Sheet Reconciliation and Substantiation Policy.  

The position of Assistant Vice President, Balance Sheet Reconciliation Manager, is responsible forreconciliation of Balance Sheet Accounts for specific business Segment. Role supports the respective reconciliation segment leadsin driving full compliance of the Balance Sheet Reconciliation and Substantiation Policy.  

Responsibilities:

CORE FUNCTION

• Responsible for ensuring Balance Sheet accounts for the respective segment have been reconciled in line with BSRS Policy and standard /desktop documented procedure

• Ensure reconciliation performed by team (reconcilers/reviewers) meet the following:

• All exceptions (including aged items, reconciliation breaks and unsubstantiated balances) breaching reportable thresholds have been completely and accurately reported in eRecon.

• Supporting documentation has been maintained for the work performed and exceptions noted (including action required and ownership working with the Account Owner).

•  Where applicable, root cause/s of recurring exceptions should be determined and documented (working alongside the Account Owner and Exception Owner).

• Obtain from  Account owner and report the P&L at risk in eRecon including any operational reserves taken

• Appropriate action plans in place to resolve exceptions are accurately reported in eRecon. Where applicable, escalations have been done in accordance with the Balance Sheet Escalation Protocol.

• Play a key role in driving and support implementation of strategic ledger. Support execution of  UAT for the reconciliation function.

• Facilitate escalation for Segment Controllers, Balance Sheet Governance (BSG), SOX Controllers and Operations Leadership. Escalate and facilitate remediation of material reconciliation exceptions in coordination with Account Owners.

• Support reconciliation segment leads for coordination of all Internal and External Audits, Regulatory interfacing related to the Balance Sheet Reconciliation function.  

• Drive timely, complete and accurate attestation of all owned GL account keys in compliance with BSR&S Policy, reduce red account balances and any risk exposure

• Support reconciliation segment leads in partnering with BSG to drive monthly Account Review Forum (ARF) with Account Owners Groups and senior controllers and ensure all significant reconciliation and substantiation exceptions are highlighted and discussed for remediation.

• Partner with Controller Transformation group to improve efficiency, effectiveness, productivity, and/or control.

TALENT DEVELOPMENT

• Leading a team and supporting key people management responsibilities such as hiring, team building, development, and performance evaluation 

• Support segment leads to develop a diverse talent pool that can meet the demands of a growing company

• Drive best in class knowledge management practices

ENHANCING CONTROLS 

• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of teams and create accountability with those who fail to maintain these standards

• Active participation in global Internal Audits as well as KPMG audit engagements

• Maintain appropriate documentation/controls to ensure the integrity of financial, regulatory and management information

• Support creation of  effective control environment to ensure adherence with all internal and external policies and procedures.  Direct and coordinate audits and internal reviews

• Drive zero tolerance culture on control breaches

• Drive and coordinate remediation of all high and medium risk EUCs

Qualifications:

As a successful candidate, you’d ideally have the following skills and exposure:

• The ideal candidate will have extensive years (5-8) of proven experience related to accounting, financial reporting and/ or product control.

• Experience managing high performing and motivated teams

• Demonstrate strong ability to analyze complex set of financial data and provide deeper insight on US GAAP / IFRS preferably in banking / financial services environment. Demonstrated career progression and a strong understanding and application of technical accounting principles and policies

• Demonstrated ability to effectively communicate through all levels of the organization

• Ability to influence peers and business partners to take action necessary to achieve goals

• Extensive experience in working with a variety of financial platforms. Proficiency with MS Project and MS Office Suite

• Financial management competencies

• Demonstrated ability to manage in a complex and dynamic environment

• Leadership and team building and mentoring skills are vital; must have the ability to guide staff through complex and cross border transformation initiatives

• Self-motivated with the ability to make decisions in the absence of detailed instructions

• Ability to drive implementations by motivating and directing multiple project teams

• Ability to foster and develop teams in distributed geographic environments

• Demonstrated ability to manage risks and enhance controls in complex financial accounting processes

• Ability to work across functional areas

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.

Take the next step in your career, apply for this role at Citi today

https://jobs.citi.com/dei