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Balance Sheet Reconciliations and Proofing Analyst, AVP - Hybrid

Job Req ID 24729028 Location(s) Tampa, Florida Job Type Hybrid Job Category Transaction Services
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Account Reference Architecture (ARA) is an Entity Level Control for Citi’s bank cash completeness globally. The platform and associated team provide and maintain a control for end-to-end completeness and integrity between all Citi owned cash ledger accounts, their respective cash bank accounts and associated reconciliations across all business lines globally. ARA is part of Securities/Markets/Lending (SML) Global Reconciliations Utility (GRU) organization. The function ensures that (i) all bank cash ledger accounts are appropriately mapped to the associated bank accounts and reconciled in an automated recon platform, (ii) all Citi owned cash bank accounts are appropriately reported in Citi’s balance sheet and ledger, and reconciled in an automated recon platform, (iii) any bank accounts that bypass appropriate account management and maintenance policy are captured and appropriately established in the respective golden source repository, (iv) any discrepancies in data quality are remediated and captured via either the ARA Balance Validation process or exceptions generated through comparison to respective golden source repositories, to mention some.

ARA has been positioned and approved for expansion to be the central completeness control across all SML balance sheet (i.e., including payable, receivable, suspense etc.) beyond bank cash. As such, to start with, the successful candidate will partner with the underlying project team whose focus will be analysis, requirements gathering, establishing design and process flows, and partnering with Technology through to implementation. The new processes and scope will then be integrated and streamlined into current ARA framework, and, upon completion, will become part of the ongoing sustainability model. They will be part of proposing design solutions along with deep-dive analysis of the underlying data and partnering with stakeholders to establish roles and responsibilities and escalation governance. This will establish ARA as the Balance Sheet Completeness Control providing enhanced, centralized and streamlined governance and oversight for Citi. The role will then evolve into managing this target operating model on ongoing basis.

The successful candidate will be responsible for ensuring integrity and completeness of Citi’s book-to-bank relationships by investigating and analyzing breaks highlighted as part of ARA functions. This will require in-depth analysis, thinking outside-the-box, and partnering with stakeholders and the team. The candidate is a professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Developed communication and diplomacy skills are required to guide and influence others, in particular colleagues in other areas. They provide advice and counsel related to the technology or operations of the business. Their work impacts an entire area, which eventually affects the overall performance and effectiveness of the organization. They will be able to accomplish this task by meeting, at minimum, below responsibilities:

Responsibilities:

  • Partner with stakeholders to formalize and finalize associated requirements of the control framework implementation for the new scope. Work alongside project team to successfully roll out ARA expansion.

  • Partner with stakeholders to establish Roles and Responsibilities and associated escalation governance across stakeholders.

  • Contribute towards design of exception management and resolution processes for the new scope. Ensure appropriate documentation is in place and associated Standards of Procedures (SOP) are updated.

  • Partner with teams to ensure appropriate balance sheet treatment and controls are in place across different balance sheet types (e.g., payable, receivable, suspense, bank cash etc.).

  • Investigate and profile book-to-bank exceptions highlighted across ARA function into clear categories for appropriate risk identification.

  • Update any incorrect or incomplete book-to-bank mappings in ARA to ensure accuracy and completeness of ARA.

  • Establish and execute remediation process and steps for any out of balance cases.

  • Apply knowledge of reconciliations and balance sheet substantiation process to suggest any resolution steps where applicable

  • Influence decisions through advice, counsel and/or facilitating services to others in area of specialization.

  • Escalate control gaps and issues appropriately and in a timely manner.

  • Apply creative thinking, subject matter expertise and problem solution skills to re-mediate discrepancies by working individually, with the team or by partnering with other teams.

  • Understand how areas collectively integrate within ARA as well as coordinate and contribute to the objectives of the function and overall business

  • Develop and maintain effective relationships, and collaborate closely with key partners and stakeholders, such as, Bank Network Management, Global Reconciliation Utility, Finance, Balance Sheet Substantiation, and Operations/Business teams, to mention some.

  • Prepare and maintain regular comprehensive reporting to management around progress, concerns and risks.

  • View ARA from a bigger picture perspective and come up with any enhancements and/or fixes in the existing process to continuously improve upon completeness and accuracy, and to limit manual intervention that would otherwise be required.

  • Provide value-added perspective or advice that contributes to the development of new techniques and change-the-bank initiatives.

  • Work with Technology teams to ensure any enhancements are tested and released into production accordingly.

  • Persuade and influence others through collaborative communication skills

  • Acknowledge Citi’s principles and values of organizational culture and apply them in everyday work activities

  • 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.

  • Any other duties as required to meet business needs.

Qualifications:

  • 5-7 years experience

  • Subject matter expertise in reconciliations and/or balance sheet is crucial

  • Strong Microsoft Excel skills are required and crucial

  • Strong written and verbal communication skills with all levels of staff are crucial

  • Ability to consistently work to a high level of accuracy is crucial

  • Strong analytical skills with the ability to recognize/identify key issues/implications/patterns

  • Ability to work and communicate with the Tech teams for any enhancements and monitoring to completion is highly preferred

  • Self-motivated with strong organizational and time management skills

  • Demonstrates proactive mind-set, creative thinking with big-picture in mind

  • Teamwork, “one-goal”, collaborative work skills

Education:

  • Bachelor’s/University degree or equivalent

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Job Family Group:

Operations - Transaction Services

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Job Family:

Reconciliation and Proofing

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Time Type:

Full time

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Primary Location:

Tampa Florida United States

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Primary Location Salary Range:

$79,120.00 - $118,680.00

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Citi is an equal opportunity and affirmative action employer.

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.

Citigroup Inc. and its subsidiaries ("Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View the "EEO is the Law" poster. View the EEO is the Law Supplement.

View the EEO Policy Statement.

View the Pay Transparency Posting

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