Vice President, FB&R Accounting Transformation Lead

Employer
Citigroup
Location
Mumbai
Posted
Jun 13, 2024
Closes
Jun 17, 2024
Ref
4720678798
Work Mode
Hybrid
Hours
Full Time
Organization Type
Corporate
Citi is undergoing a Transformation to modernize and simplify the bank. We’re raising the bar and taking the opportunity to reevaluate the way we do business. This includes fostering a culture of curiosity and excellence and shifting our mindset to be simpler and data driven, making Citi an easier place to work and improving client experience. If you’re ready to be at the forefront of Transformation while taking your career to the next level, we invite you to come and join us!

Success Profile

As one of the world’s most global banks, Citi gives you the tools to make a difference. Through Transformation, we’re building the future of the bank and shaping the banking industry. Citi employs over 220,000 individuals located around the world, encompassing a broad range of teams, roles, cultures and backgrounds. Some of the skills that will make you successful in this role include:
  • Cross-Functional Collaboration
  • Credible Challenge
  • Risk Management
  • Data and Results Driven
  • Accountable
  • Adaptable


Responsibilities

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

Shape your Career with Citi

Citi Finance is responsible for the firm’s financial management and related controls. We manage and partner on key Citi initiatives and deliverables, such as our quarterly earnings process and ensuring Citi’s compliance with financial rules and regulations. The team comprises chief financial officers who partner with each of our businesses and disciplines including controllers, financial planning and analysis, strategy, investor relations, tax and treasury

We’re currently looking for a high caliber professional to join our team as Vice President, FB&R Accounting Transformation Lead C13 - Hybrid (Internal Job Title: FB&R Accounting Transformation Lead - C13) based in Click or tap here to enter text., 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:

  • Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
  • We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
  • We empower our employees to manage their financial well-being and help them plan for the future.


In this role, you’re expected to:

Support Product Owners/ Workstream leads in the successful execution of FB&R Instrument Sub-Ledger strategy and related workstreams, including operating model, process and controls.
  • Work with existing Accounting and Sub-Ledger platforms to identify and define requirements, including key use cases and stories, for integration into program roadmap to decommission legacy capabilities and platforms.
  • Partner with Accounting Transformation director to coordinate alignment of Accounting Hub and Sub-Ledger functionality.
  • Deliver the transformation of US GAAP, IFRS and Local GAAP Accounting through defining requirements and implementing multi-GAAP accounting rules.
  • Drive the identification of data sources and data requirements to feed into the Accounting Hub and Sub-Ledger.
  • Participate in testing, deployment of system modules and provide inputs to defining the future state service delivery and sustainment model.
  • Participate in strategic ledger governance meetings and complete deliverables within Integrated Project Plan
  • Own workstream deliverables and manage intra- and inter-dependencies across business stakeholder groups.
  • Build strong relationships with Program Office Leaders, Program Sponsors and Technology Leaders as well as stakeholders in other Citi-wide initiatives (Finance Data initiative, Consent Order), Product Control, Financial Control, and operational stakeholders (FRSS) to identify further transformation opportunities.
  • Provide workstream level metrics and business cases including risk reduction and efficiency measures.
  • Deliver workstream communications, prepare and present FB&R updates to senior management forums.
  • Partner with other Product Owners (Accounting, Ledger, Close, Operating Model, Process, or Controls) to coordinate priorities and ensure consistency of deliverables and artifacts across all workstreams.
  • Appropriately assess risk when business decisions are made, demonstrating 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:

  • 6-10+ years of relevant experience, in financial services with a focus on accounting, transformation and program delivery.
  • Previous experience in the implementation and transformation of US GAAP, IFRS and Local GAAP Accounting rules.
  • Understanding of accounting rules and standards for financial reporting.
  • Knowledge of Oracle, SAP or similar ledger platforms including instrument sub-ledger capabilities (e.g. OFSAA, AHCS) and sub-ledger data, process and operational design
  • Ability to perform business analysis, write business requirements and present ideas to audiences at all levels.
  • Organizationally savvy; understands systems, management processes, knows where to go for information and how to interpret.
  • A strong track record in driving global change within a finance function, with significant experience in accounting transformation, process re-engineering, and process simplification is preferred.
  • Franchise player: ability to operate both broad and deep, critical thinker, self-motivated; comfortable working with ambiguity.
  • Bachelor's Degree, potentially Master's degree in Business, Technology or a quantitative discipline or equivalent work experience.
  • CPA / CA or equivalent preferred


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/dei

A proven track record in large-scale complex programs, change management, process simplification & re-engineering and technology enabled (SaaS/Oracle/SAP) implementation are preferred.

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Job Family Group:
Finance
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Job Family:
Fin Solutions Dsgn & Implement
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Time Type:
Full time
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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.