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Vice President, FB&R Accounting Transformation Lead role at Citi Finance, responsible for the firm’s financial management and related controls. The team manages and partners on key Citi initiatives and deliverables, such as quarterly earnings process and ensuring Citi’s compliance with financial rules and regulations.
Job Responsibility:
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 SVP & 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
Requirements:
8-10+ years of relevant experience, in financial services with a focus on product control, entity control, 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
CPA / CA or equivalent preferred
Bachelor's Degree, potentially Master's degree in Business, Technology or a quantitative discipline or equivalent work experience
Nice to have:
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
CPA / CA or equivalent preferred
potentially Master's degree
What we offer:
Access to telehealth options, health advocates, confidential counseling
Paid Parental Leave Policy
Programs and services for your physical and mental well-being
Resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future