The Financial Reporting Senior Analyst position is an integral member of the Corporate Regulatory Reporting Group (CRR). The Corporate Regulatory Reporting Group is a high profile function, providing financial information to the regulators including the Federal Reserve Bank (FRB) and Office of the Comptroller of the Currency (OCC). The position will have a high level of visibility within the organization with opportunities to work directly on a regular basis with Management and will also interact very closely with other groups throughout Citi, including Risk, Treasury, Controllers, SEC Reporting, Accounting Policy, Financial Planning & Analysis, Capital Planning, and Finance & Risk Shared Services. The primary responsibilities include preparation and analysis of the quarterly, semi-annual and annual Regulatory Reports required by FRB and OCC for Citigroup and Citibank entities, including FR Y-9C, Call Report, and Comprehensive Capital Assessment Review (CCAR), as well as certain SEC disclosures (Form 10-Q/K). Other responsibilities include certain earnings release, 10-Q/10-K disclosures, preparation of Board of Directors and Senior Management Presentations and Analyst Packages, maintenance of the global Accounting Policy Manual, internal controls on Regulatory data integrity, data quality improvement projects including GENESIS/U.S. Regulatory Reporting Initiative (USRRI) and process automation in RegInsight.
Key Responsibilities:
Analyze and review Basel III regulatory capital reporting, including interpretation of new reporting proposals / rule changes and implement for reporting.
As new regulatory developments occur, the AVP will analyze and determine the impact on the company’s public reporting, monitor developments in the regulatory reporting arena and assist the Citi Finance functions in implementing and meeting the reporting requirements.
Keep abreast of industry, regulatory, and accounting developments. Develop solid knowledge of Finance/accounting concepts and principles to ensure accurate Regulatory Reporting filings.
Communicate results and address queries from Senior Management, Regulatory Agencies and Internal/External Auditors as well as the investor community.
Conduct thorough research and analysis on regulatory reporting and other regulatory matters, as warranted, present results in a well-conceived and clear fashion.
Work and partner with multiple areas across Citi, including Controllers, SEC Reporting, Treasury, Risk, Accounting Policy, Financial Planning and Analysis, Mergers & Acquisitions, Legal, and Investor Relations to maintain a high level of quality and accuracy of the report filings. Establish strong working relationships with key contacts.
Participate and assist in data quality improvement projects including GENESIS/U.S. Regulatory Reporting Initiative (USRRI) to strengthen controls and improve report accuracy.
Assist/participate in regulatory exams, internal audits and address external analysts’ questions. Maintain effective and professional relationships with regulators, internal and external auditors.
Coordinate and submit various survey responses to regulators (FRB, BCBS, etc.).
Participate/assist in projects and ad-hoc requests.
Other responsibilities include conducting thorough research and analysis of risk based capital analysis (Basel III), regulatory reporting, and other regulatory matters, as warranted, presenting results in a well-conceived and clear fashion.
This individual will have an opportunity to work with over 30 team members across NY and Tampa, primarily consisting of MBAs and CPAs, who are engaged with and supportive of one another and in an environment which promotes and sustains continuous development and growth.
Corporate Regulatory Reporting Group’s mission is to provide complete and accurate consolidated financial statement analysis and other related information to the regulators, investors, outside analysts and senior management on a timely basis and in the most efficient manner possible.
Qualifications:
Minimum 3+ years financial reporting and analysis with exposure to US Regulatory Reporting or SEC/GAAP financial statement analysis
Bachelor's degree in accounting/ finance
CPA or MBA Preferred
Strong analytical, technical, organizational skills, and attention to detail
Flexibility and ability to multitask, manage multiple priorities under demanding time frames and respond effectively
Ability to partner with other functions to optimize results
Consistently produce high quality work, fine- tuned to specific audience
Effective interpersonal and communication skills
Self-starter/ quick learner
Solid PC and system skills including Excel, Word, PowerPoint and some Microsoft Access
FR Y-9C and FFIEC 031 reporting experience a plus
This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
We are currently working on a hybrid schedule consisting of 2-3 days in office and the remainder remote (specific details depend on location and business group). This is not a remote only role.
Job Family Group:
Finance
Job Family:
Financial Reporting
Time Type:
Full time
Primary Location:
Long Island City New York United States
Primary Location Full Time Salary Range:
$98,960.00 - $148,440.00
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.
Anticipated Posting Close Date:
Aug 31, 2024
