Global Capital and GSIB Regulatory Reporting

The Global Regulatory Reporting Capital and GSIB Report Owner is a newly created senior management level (MD) position within the Controllers Organization that will report to the Global Head of Regulatory and Capital Reporting. The individual will serve as an integral member of the Regulatory and Capital Reporting Leadership team.

The position will be responsible for the timely filing, completeness, and accuracy, of key regulatory reports inclusive of the following capital reports: FFIEC 101, FFIEC 102, FR Y-15 and Pillar 3 disclosures.  Report ownership accountabilities will be end-to-end (from origination to reporting) include having a view of end-to-end data and process flows, ongoing review of data quality scorecards for critical data elements (inclusive of monitoring of relevant booking control performance) and ensuring certification of authorized data sources.  The position will collaborate with a dedicated Data Lead and team for support with the end-to-end data accountability.

The GRR Report Owner will be the key point of contact for the U.S. Regulators, responding to inquiries, and having recurring meetings, as requested, involving the Federal Reserve Bank (FRB), the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp (FDIC).

The position will have a high level of visibility within the organization with opportunities to work directly with Executive Management and will interact very closely with other Finance and non-Finance functions throughout Citi, including the Businesses (e.g., Markets), Risk, Treasury, Capital Controllers, SEC Reporting, Financial Planning & Analysis, as well as Enterprise Technology, & Operations.

Working closely with the Controllers Transformation team, the position will be a primary owner and adopter of the multi-year transformation of Regulatory Reporting that includes the relevant US BCBS 239 Reports (FR Y-15, FFIEC 101, and FFIEC 102). The position is expected to provide thought leadership on Regulatory Reporting matters (changes due to Basel 3 End Game) and will also play a significant role in initiatives that are focused on managing the firm’s spot Risk Weighted Assets (“RWA”).

Key Responsibilities

The primary roles and responsibilities of this position will be management of a team of dedicated professionals including MBAs and CPAs, performing functions that include:

• Lead the team responsible for the U.S. regulatory filings, reviewing regulatory data input into quarterly earnings release, 10Q/10K disclosures including Basel Capital disclosures, and the regulatory and management reporting close process.
• Working with the Capital Calculation and Measurement team, relevant Data Leads and team to maintain and continue to enhance data quality throughout the end-to-end data lifecycle.
• Working with the relevant Risk & Controls team, maintain and continue to enhance an effective internal controls structure to satisfy the Management Control Assessment (MCA) Risk and Controls requirements.
• Partner with the Controllers Transformation team to implement the milestones, compensating measures and strategic remediation efforts required to address relevant Consent Order, MRIA and MRAs.
• Accountable executive for Internal Audits, Independent Risk Management, and external reviews for capital regulatory reporting.  Including addressing and develop plans to remediate review findings.
• Oversight and thought leadership across Capital Reporting governance and activities across Citigroup, including compliance with relevant policies and participation at governance forums and committees.
• Lead team to present to Citi senior management, Citi Bank N.A. senior management, FRB, OCC, and FDIC quarterly financial results and analysis for regulatory filings including FFIEC 101, 102, FR Y-15 and Pillar 3 disclosures.
• Partner with the Regulatory Reporting Interpretative Office, Basel Interpretative Office, and Accounting Policy on their interpretations and assessment of new and proposed regulatory and accounting rules including reviewing capital and accounting treatment with US regulators.
• Represent Citi with industry banks to lead discussions with US regulators, The Bank Policy Institute (BPI), American Bankers Association (ABA) and Institute of International Finance (IIF) on proposed rulemaking on various regulatory matters.
• Review and develop regulatory reporting training with updated regulatory guidance.

Skills:

• Strong familiarity with Regulatory capital rules and GAAP/SEC financial reporting.
• Strong leadership and personnel management skills.
• Able to analyze and think through highly complex issues.
• Growth mindset and ability to innovate and champion progress for efficiency and productivity.
• Sound judgment to weigh issues in a balanced manner and make reasonable decisions.
• Sense of urgency in implementing processes and controls and evaluating priorities; decisive, action-oriented, and practical.
• Ability to align cross-functional teams and resources to drive overall strategy.
• Highly motivated and goal-oriented with ability to lead in a professional and challenging environment and deliver results against fast-paced deliverable deadlines.
• Demonstrated ability to manage multiple priorities under demanding time frames and respond appropriately and competently to the demands of work challenges when confronted with changes, ambiguity, adversity, and other pressures.
• Flexibility to work under pressure to meet changing work requirements and strict deadlines.
• Outstanding presentation, communication, interpersonal and coaching skills. Ability to work with different levels of management.
• Ability to develop effective and productive working relationships with a wide range of groups across Citi as well as external auditors and regulators.
• Strong strategic thinking skills.
• Technology savvy – Proficiency in Microsoft Office - Excel, Word, PowerPoint.

Qualifications:

• Minimum 15-20 years of Accounting, Controllers and Reporting experience, including U.S. Regulatory Reporting. 
• Bachelor’s degree in accounting/finance.
• CPA Preferred.

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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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