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Shape your Career with Citi
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We’re currently looking for a high caliber professional to join our team as Balance Sheet Reconciliation Analyst I, Officer (Internal Job Title: Balance Sheet Reconciliation Analyst I, Officer) based in Mumbai, India. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
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The position within Balance Sheet Reconciliation is responsible for reconciliation of Balance Sheet Accounts for specific business Segment. Role supports the respective reconciliation segment leads in driving full compliance of the Balance Sheet Reconciliation and Substantiation Policy.
In this role, you’re expected to:
CORE FUNCTION
Ensure Balance Sheet accounts assigned have been reconciled in line with BSRS Policy and standard /desktop documented procedure
Ensure reconciliation performed meet the following:
All exceptions (including aged items, reconciliation breaks and unsubstantiated balances) breaching reportable thresholds have been completely and accurately reported in eRecon.
Supporting documentation has been maintained for the work performed and exceptions noted (including action required and ownership working with the Account Owner).
Where applicable, root cause/s of recurring exceptions should be determined and documented (working alongside the Account Owner and Exception Owner).
Obtain from Account owner and report the P&L at risk in eRecon including any operational reserves taken
Appropriate action plans in place to resolve exceptions are accurately reported in eRecon. Where applicable, escalations have been done in accordance with the Balance Sheet Escalation Protocol.
Support escalation of material reconciliation exceptions in coordination with Account Owners.
Support reconciliation segment leads for coordination of all Internal and External Audits, Regulatory interfacing related to the Balance Sheet Reconciliation function.
Drive timely, complete and accurate attestation of all owned GL account keys in compliance with BSR&S Policy, reduce red account balances and any risk exposure
ENHANCING CONTROLS
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.
Active participation in global Internal Audits as well as KPMG audit engagements
Maintain appropriate documentation/controls to ensure the integrity of financial, regulatory and management information
Support creation of effective control environment to ensure adherence with all internal and external policies and procedures. Direct and coordinate audits and internal reviews
Drive zero tolerance culture on control breaches
Drive and coordinate remediation of all high and medium risk EUCs
Develops, enhances, and validates the methods of measuring and analyzing risk, for all risk types including market, credit and operational. Also, may develop, validate and strategize uses of scoring models and scoring model related policies.
Assist in preparing business as usual and ad-hoc reports in accordance with the Risk Management Teams priorities and requirements, running integrity checks on the reports and checking key numbers from other independently created reports.
Supports project of constant improvement of risk analytics, modeling and validation systems and optimization of reports.
Understands database structures, key business categories, internal banking business processes, statistical/mathematics concepts.
Uses strong analytical and process management skills for quality control over produced data.
Partners with senior as well as junior staff to execute projects and reports as necessary.
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
As a successful candidate, you’d ideally have the following skills and exposure:
1-3 years relevant experience
The ideal candidate will have skill sets related to accounting, financial reporting and/ or product control. =
Proficiency with MS Project and MS Office Suite
Financial management competencies
Demonstrated ability to manage in a complex and dynamic environment
Self-motivated with the ability to make decisions in the absence of detailed instructions
Ability to coordinate with team members in distributed geographic environments
Ability to work across functional areas
Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you’ll have the opportunity to grow your career, give back to your community and make a real impact.
Take the next step in your career, apply for this role at Citi today
https://jobs.citi.com/de
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Job Family Group: Finance------------------------------------------------------
Job Family:Balance Sheet Reconciliation------------------------------------------------------
Time Type:Full time------------------------------------------------------
Most Relevant Skills Please see the requirements listed above.------------------------------------------------------
Other Relevant Skills For complementary skills, please see above and/or contact the recruiter.------------------------------------------------------
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Citi Mumbai, Maharashtra, IND Office
Bandra Kurla Complex Road, Mumbai, Maharashtra, India, 400051
