Vice President - Books and Records, Citi

Citi

Location:
India, Pune

Category:
-

Contract Type:
Not provided

Salary:

Not provided

Save Job

Apply Position

Job Description:

The Books and Records Oversight team within Markets Operations primary objective is to strengthen the books and records discipline and control framework within Markets Operations. The function has been recently created within Markets Operations to drive remediation efforts and the adoption of strong accounting practices as part of firm-wide policies and programs. The candidate requires solid accounting and financial background combined with a good understanding of operational processes and will lead Markets Operations’ engagement with the Finance department and at firm-wide forums on accounting related matters. Other objectives will be to 1) develop robust quality control around balance sheet substantiation for accounts owned by Markets Operations and 2) work with the Markets Operations’ leadership team to develop strong books and records / accounting knowledge across Markets Operations via the deployment of training and standards.

Job Responsibility:

Partner with Line Operations teams to ensure all the correct metrics and controls are in place, with regular reviews to ensure monitoring remains relevant and effective
Work with Finance colleagues to ensure that balance sheet substantiation is complete and that controls are designed effectively
Foster a good understanding of accounting practices/processes within the wider Markets Ops team, bridging the link between the movement of cash with how this is recorded on Citi’s books and records
Partner closely with Business partners and Transformation teams on new initiatives/projects to ensure that financial controls are robustly considered and implemented
Oversee and co-ordinate all account owner activity across Markets Operations
Understand and maintain Operations chart of accounts
Set a framework to ensure consistent roles and responsibilities for all Markets Ops staff as it pertains to how we control our account population and reconciliations requirements
Work with Markets Ops global functional managers to understand reasons for exceptions and breaks, ensuring issues are escalated timely, fixed at the root cause and look across for similar themes
Ensure well defined and documented processes are in place for reserve calculations across Markets Operations
Identify opportunities to reduce aged exceptions to reduce reserves
Review account ownership to ensure that the proofing processes are standard in their application and where relevant centralize these processes to drive efficiencies
Work with Finance and Operations Risk & Control to ensure Markets Operations are compliant with relevant policies and standards
Partner with Balance Sheet Control and risk reporting to support accurate and timely exceptions reporting
Work with Front office to ensure upstream data and processes are understood and robust so as to prevent downstream issues from occurring
Work with counterparts across the Centralized Operations team to promote consistency and common standards
Work with Technology and internal partners to build a standard mechanism to accrue for and then pay/receive interest between internal desks/accounts across all products in Markets
Implement best practices to ensure reconciliations are correctly designed and compliant with relevant standards and controls
Promote development and retention of account and reconciliation SME’s across the group
Strengthen issue management processes, ensure emerging risks are correctly escalated with the appropriate level of urgency
Lead and oversee Markets Operations’ involvement in firm-wide programs related to accounting and book and records matters (e.g. Strategic Ledger)
Represent Markets Operations at firmwide governance forums such as the Enterprise Design Authority

Requirements:

10 to 12+ years relevant experience
Strong command of financial accounting and the operational aspects of books and records management
Experience as finance professional / background / degree and working experience in Technology creating products set up, UAT working with Finance / Market Ops people and understanding of products will be valuable
Consistently reads different situations accurately and takes appropriate action to gain senior colleague/ client commitment
Strong Leadership skills-Operates as a leader
Serves as a point of escalation for key issues or time sensitive decisions
Ability to respond to challenges with creative solutions, adapts to changing business needs
Demonstrated ability to make sound judgment calls on issues that can be both quantitative and qualitative in nature
Excellent Communications skills verbal & written
Active listening skills
Bachelor’s/University degree, Master’s degree preferred

Additional Information:

Job Posted:
April 26, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

View All Jobs In This Company

Job Link Share:

Vice President - Books and Records