Balance Sheet GENESIS Anchoring Analyst Job at Citi (Mumbai)

Job Description

The Regulatory Reporting role is an analyst position within the Controllers Organization that will report up through the Global Head of Regulatory and Capital Reporting. The individual will support the preparation, analysis and submission of regulatory reports to various constituencies (local regulators, U.S. Federal Reserve, OCC, etc.) based on applicable requirements such as U.S. Regulatory and local regulatory reporting rules and instructions. The position will have a high level of visibility within the organization with opportunities to work directly with other Finance and non-Finance functions throughout Citi, including the Businesses, Risk, Treasury, Financial Planning & Analysis, as well as Enterprise Technology, & Operations.

Job Responsibility

Support the production, review and timely submission of regulatory filings and reports to U.S. regulators including reports such as FR Y-9C, FR Y-14, Call Report, FFIEC 009, FR Y-15 and others
Assist in monitoring and managing key metrics associated with reports to identify challenges and issues
Support the execution of controls processes to ensure data accuracy
Assist the team to drive process improvements to enhance the accuracy, efficiency, and transparency of the regulatory reporting process
Work with peers and program leaders on the implementation of U.S. regulatory changes within the reporting framework
Partner with Risk & Controls team to maintain and enhance an effective internal control’s structure
Escalate problems or issues related to processes, reports, or procedures
Integrate established disciplinary knowledge within own specialty area with basic understanding of related industry practices
Independently perform reconciliation, research and analysis for various Citigroup Products, also accountable to produce accurate submissions to Citi financials (US GAAP), USRRI, and Risk Weighted Assets (RWA) review for OCC Commitment products
Support submission and closing the books and sub-ledgers, including passing appropriate required adjustment entries and consolidating financials at the end of each accounting period
Ensure all adjustments are accurately calculated, documented with valid supports and posted within established timelines as per BSS Global Directives for Genesis
Dealing with Multiple Senior stakeholders from Country Finance, Governance, Product Control, Treasury & Operations etc. to provide robust operational environment with effective business communication
Provide necessary support to team manager for concurrent & regulatory audit queries
Escalate issues related to transactions, processes, reports, or procedures as well as monitor progress/changes and keep senior leadership informed of unusual financial activities
Independently assess & report any potential risk to Citi Balance sheet and P&L, perform balance sheet reconciliation & substantiation of accounts as per BS GLOBAL directives with remit to ensure integrity of Citi Financial statements
Conducting proactive review discussion with Global Balance Sheet Control Group in Account Review Forum (ARF) supports in reduction of balances, which are potential risks to Citigroup Financials
Work with a team to identify and implement process improvement initiatives or standardizations

Requirements

2+ years of experience within the financial services industry and regulatory reporting
Basic knowledge of U.S. regulatory reports such as those mentioned above
Strong oral and written communication skills, with ability to synthesize complex concepts
Strong technical problem-solving skills and an ability to identify conflicts, discrepancies and other issues and escalate to seniors
Ability to manage competing priorities and tasks in a complex and dynamic and work well as part of a team
Previous relevant experience in financial accounting, reconciliation & analysis preferred
Consistently demonstrates clear and concise written and verbal communication skills
Demonstrated working knowledge of related industry practices and standards
Ability to work unsupervised and adjust priorities quickly as circumstances dictates

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Balance Sheet GENESIS Anchoring Analyst

Job Description

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