Citigroup Hiring for Vice President – C13 at Mumbai, India Full Time

About (Balance Sheet Substantiation)

One of the key controls for ensuring the accuracy of Citi’s P&L is through ensuring the accuracy of its Balance Sheet. The basis for ensuring this accuracy is through the process of substantiating the balances in the general ledger back to supporting documentation on monthly basis.

Lacking good controls over the Balance Sheet Substantiation (BSS) process can result in inaccurate reporting of the company’s Revenues and Expenses and require adjustments including write-offs.

Mumbai BSS team supports various regions such as EMEA countries, India, NAM & LATAM with reconciling, proofing & eRecon submission activities for balance sheet accounts. Currently, the team is handling Full Keys belonging to Finance, Tax, Operation, Treasury, Cash & Suspense.

Role Outline/Job Summary

Ensure the integrity of Balance Sheet accounts through the monthly validation of balances.

Ensure that each account balance is fully substantiated, proofed, aged & submitted in e-Recon.

Identify potential internal control weaknesses.

Ensure compliance with Summaries & BS Directives as rolled out by BSS GPO

Job Description

POSITION TITLE:

Vice President

Grade/Level:

C13

BUSINESS GROUP:

Balance Sheet Substantiation

FUNCTION/GROUP:

FRSS

DEPARTMENT:

CSS

LOCATION:

Mumbai

ROLE & RESPONSIBILITIES

Business/ Department

Objectives:

Balance Sheet accounts Substantiation

Core Responsibilities:

Substantiation/Proofing

Day-to-Day Responsibilities:

• Responsible for the follow up and resolution of reconciling items

• Responsible for the accurate reporting of the status of the reconciliations owned into Citi reporting tool ‘eRecon’

• Able to articulate own process along with its key controls. Uses evidence to support reasoning.

• Communicating with Legal Entity Managers across multiple locations on the status of the reconciliations performed

• Escalating any account related issues to Regional Balance Sheet Control

• Identify root cause issues and independently manage corrective action plan to mitigate risks

• Proactive Stake Holder Management e.g. Country Controllers, Balance Sheet Control Governance team, GPSM & GPO

• Provides high quality updates and problem resolution over emails

• Participates in cross functional initiatives at a Center Level

• Takes charge of own training needs and develops training plan. Proactively discusses IDP’s with span of control leader and acts on the feedback

• Interacts effectively in team meetings, providing constructive and relevant inputs

• Provides vocal leadership. Encourage team members and colleagues to speak up

• Is instrumental in building trust and confidence within the team and is approachable to the team

Financial/ Budgetary:

No

Individual Contributor (IC)/Managerial

Managerial

Key Deliverables:

Same as above

Percentage of Travel:

No Yes, 10% of the Time Yes, 25% of the Time

Yes, 50% of the Time Yes, 75% of the Time Yes, 100% of the Time

Relocation:

No

Other:

QUALIFICATIONS

Required

Preferred

Education:

Account Professional

Knowledge of Citi is desirable

Experience:

Minimum of 15 years of experience in a financial control / accounting environment.

In current capacity acting as a Legal Entity Controller / Country Controller

Certifications:

• MBA

• CA/ CPA /CFA

Skills:

• Very Strong Analytical skills

• Very Strong Articulation skills

• Drives Client Values & Results

• Proactively updating senior stake holders

• Work as a partner

• Accountable for job responsibility and drives execution

• Demonstrates effective project management and presentation skills

• Expert in MS Office tools

• Hands on Experience in SAP/Oracle/ERP environment

Power BI

Other:

• Direct supervision of 20 team members or more

• Ability to supervise and Guide junior members

• Understands and acknowledges the work pressure environment

• Ability to use own initiative to resolve issues

• Ability to communicate effectively across all levels

• Lead Change & build great teams

ORGANIZATIONAL RELATIONSHIPS

Reports to

Direct:

C14, Senior Vice President

Matrix:

NA

Supervises

Direct:

NA

Matrix:

NA

Partnerships

Internal:

NA

External:

NA

DEVELOPMENT

Career Progression:

(Please highlight how the role would add value to the incumbent and what could be his potential next assignments)

COMPENSATION

Bonus/Incentive Eligible:

ADDITIONAL NOTES, IF ANY

Requisition/ ERMS # ­­­­­­­­­­­­­­­­­­­­­­­­­­ _________

To know more about Citi, We encourage you to visit our career website @ www.online.citibank.co.in/careers/citi-india.htm

Job Family Group:

Finance

Job Family:

Financial Reporting

Time Type:

Full time

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Citi is an equal opportunity and affirmative action employer.

Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.