The role is in the Broker Dealer Regulatory Reporting Department, which is responsible for ensuring the capital adequacy of all of Citi's US broker dealers on a moment to moment basis as well as accurately preparing and filing the monthly FOCUS reports for each and ensuring that the primary broker dealer, Citigroup Global Markets Inc. is compliant with the customer protection rule. The department is also responsible for providing information and coordinating requests for internal and external audits, regulatory examinations and inquiries (FINRA, SEC, CME) of the US broker dealers.
The role's responsibilities include: Ensuring compliance with SEC Rules 15c3-1 (Net Capital) and 15c3-3 (Customer Reserve Computation). Assisting with the preparation of the monthly Focus report and daily net capital estimates. Participating in the month-end balance sheet close. Assisting with the preparation of the customer reserve computation. Assisting with the SEC & FINRA supplemental financial reporting. Liaison with examiners and auditors during examinations and audits, reviewing new business proposals, identifying opportunities to improve the department's processes.
Responsibilities:
Supports the management and control data flows to and within Finance applications to ensure integrity and completeness of data, including by preparing and recording financial transactions for legal vehicle and regulatory reporting purposes, updating the general ledger, recording financial transactions, and preparing of consolidated financial statements, in accordance with management reporting requirements, for legal vehicle & regulatory purposes. Also, includes specialized accounting, such as equity compensation, securitization, payroll and investment accounting.
Provides advises on directional strategy by analyzing subject matter and its application in own job and the business.
Acts as a technical expert who acts as an advisor on significant business/product decisions.
Take responsibility for the accurate reporting of accounting reconciliations on Citi reporting tools.
Review and examine key controls for accounting process across multiple process being handled.
Focuses on the implementation of policies and procedures.
Partner with key stakeholders including legal entity managers, e.g., Country, Balance Sheet control group (BSCG), Global process lead (GPL) & Global process owner (GPO) across multiple locations communicating progress on assigned process completion.
Identify and appropriately highlight / escalate potential issues relating to account with stakeholders such as Regional Balance Sheet control group / Country controllers / Global process lead (GPL) and Global process owner (GPO) and work with them for resolution.
Applies in-depth understanding of concepts and procedures within own area and advanced knowledge of other areas to resolve issues that have impact beyond own area.
Demonstrates an advanced understanding of how multiple process collectively integrate to contribute to achieving business goals.
Directly impacts the leadership in multiple process through responsibility for delivery of end results leading to business solutions.
Ensures essential procedures are followed and contributes to defining standards.
Provides assurance and partners with audit team to monitor controls and accuracy of accounting.
Persuades and influences others through strong communication and diplomacy skills.
Has the ability to operate with a limited level of direct supervision.
Can exercise independence of judgement and autonomy.
Acts as SME to senior stakeholders and /or other team members.
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.
Qualifications:
Chartered Accountant (CA) / Master in business administration (MBA)/ Certified Public Accountant (CPA) or equivalent combination of education
6-10 years of experience in accounting management with commensurate stakeholder management experience
Education:
Bachelor's/University degree, Master's degree preferred
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Job Family Group:
Finance------------------------------------------------------
Job Family:
Financial Accounting------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Primary Location:
New York New York United States------------------------------------------------------
Primary Location Full Time Salary Range:
$129,840.00 - $194,760.00
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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Anticipated Posting Close Date:
Sep 20, 2024------------------------------------------------------
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.
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