Business Risk Manager jobs at Citi Group in Hungary

What you’ll do:

• Support the analysis and submission of reports to various constituencies (local regulators, SEC, Fed, OCC, etc.) based on requirements such as US GAAP, US Regulatory, and local statutory reporting
• Oversee closing the books and sub-ledgers, including passing appropriate required adjustment entries and consolidating financials at the end of each accounting period
• Review monthly database updates for various systems and platforms and validate data source feeds with end-user
• Ensure all accruals and adjustments are accurately calculated and posted within established timelines
• Monitor changes/progress and keep senior leadership informed of unusual financial details
• Maintain internal controls by ensuring control checks are built in all the files and check them thoroughly during process reviews
• Assist the team in identifying and implementing process improvement initiatives or standardization ideas that will increase productivity and efficiency, reduce cycle of processing time, and reduce error rates
• Oversee all accounts, legers, and reporting systems insuring compliance with appropriate financial standards and regulatory requirements
• Work with the Assistant Vice President to set goals, track performance, and other upskilling requirements of the team as well as develop and capture Key Performance Indicators (KPI) of the team
• Adhere to regional and global procedures and rules
• Acts as SME to senior stakeholders and /or other team members.

What we’ll need from you:

• 5-8 years of experience in Accounting Management with Commensurate People Management experience required
• Chartered Accountant (CA) / Master in Business Administration (MBA) / Certified Public Accountant (CPA) or equivalent combination of education required
• Has the ability to operate with a limited level of direct supervision.
• Working knowledge of related financial regulations
• Self-motivated and detail oriented
• Ability to manage teams.
• Consistently demonstrates clear and concise written and verbal communication skills
• Bachelor’s Degree/University degree or equivalent experience

Time Type:

Responsibilities:

• Maintain relationship and facility data in credit systems;

• Input data accurately to various ancillary credit operating systems;

• Follow established procedures to ensure compliance with credit requirements

• Review and understand DQ (Data Quality) reports and take the appropriate action, when needed

• Receive support/collateral and credit documentation and record them in the systems;

• Ensure covenants, collateral, pledged notes are monitored and required follow-ups are addressed

• Monitor intraday exposures in credit check systems within set time frame and compliance with credit policy and internal procedures;

• Take active part in projects regarding system implementations;

• Escalate potential issues to senior level (within the chain/support teams)

• Work with other teams in identifying potential gaps and ensure the smooth operations

Requirements:

• Bachelor’s/Universitydegree or equivalent experience

• 0-3 years relevant experience

• Clear and concise written and verbal communication skills

• Proficiency in Microsoft Office with an emphasis on MS Excel

• Good analytical and problem solving skills

• Preferably Credit risk and product knowledge

• Knowledge of English and Hungarian language

We’ll provide you with the resources to meet your unique needs, empower you to make healthy decisions, and allow you to choose which benefits suit you and your personal life best.

• Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed

• Flexible work arrangements to support colleagues’ in managing work - life balance

• Continuous career progression opportunities across geographies and business lines

• Inclusive and friendly corporate culture

• Socially active employee communities with diverse networking opportunities

• Competitive compensation package with a wide range of benefits:

  • Cafeteria Program

  • Home Office Allowance - for colleagues working in hybrid and remote work models

  • Paid Parental Leave Program - maternity leave and paternity leave

  • Private Medical Care Program and onsite medical rooms at our offices

  • Pension Plan Contribution to voluntary pension fund

  • Group Life Insurance

  • Employee Assistance Program

Time Type:

Individuals in Quality Assurance are responsible for the assessment of outcomes from activities and processes against conformance with applicable requirements to strengthen risk management quality such as quality testing performed for business function quality control and transformation lead quality control post completion of an activity/process. This includes the development and execution of Monitoring and Testing for controls, such as control design assessment, design of operational effectiveness for monitoring & testing tools, monitoring/testing design assessment, and execution of monitoring/testing tools to assess the effectiveness of key controls designed to address defined risks.

Responsibilities:

• Responsible for specialized Quality Assurance Reviews with focus on Counterparty Credit Risk / Financial Institutions Underwriting.

• Responsible for managing team of 6

• Responsible for the quality, completeness, and accuracy of the implementation of the Control Framework, including Risk Control Policy, Control Standard, Issue Management

• Lead the assessment of activities and processes as per required Policies, Standards and Procedures to strengthen credit risk management quality.

• Conduct routine testing of internal activities and processes to ensure adherence to established quality standards and identify areas of risk or non-compliance.

• Review stakeholder/client feedback and respond to any quality assurance complaints or issues in a timely and efficient manner.

• Conduct routine testing of internal activities and processes to ensure adherence to established quality standards and identify areas of risk or non-compliance.

• Integrate stakeholder/client feedback and respond to any quality assurance complaints or issues in a timely and efficient manner.

• Develop and execute Monitoring and Testing for controls, including control design assessment and design of operational effectiveness for monitoring & testing tools, monitoring/testing design assessment, and execution of monitoring/testing tool.

• Regularly report on quality control outcomes and control effectiveness to top management and relevant stakeholders.

• 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 well as effectively supervise the activity of teams and create accountability with those who fail to maintain these standards.

Qualifications:

• Solid understanding of risk management and control frameworks related to Counterparty Credit Risk Management and Underwriting. Preferable skills requirement for the candidate is credit underwriting experience within the financial institutions / funds / hedge funds area.

• Demonstratable control related function / quality assurance experience, in banking, credit risk management, internal audit, or quality assurance review function at an investment or large commercial bank.

• Proven managerial and leadership experience

• Ability to identify, measure, and manage key risks and controls.

• Ability to see the big pictures with high attention to critical details.

• Deep knowledge of Wholesale Credit Processes and organizational awareness, covered portfolios, and processes.

• Proficient knowledge of regulatory guidance specific to quality assuranceand monitoring/testinglifecycle.

• Developing new ideas and improving current processes to proactively mitigate risks.

• Requires an ability to provide challenge and make recommendation for risk and controls remediation.

• Expert knowledge in the development and execution for controls.

• Expert understanding of compliance with laws, rules, regulations, and best practices.

• Strong leadership, decision-making, and problem-solving skills.

• Strong analytical skills to evaluate complex risk and control activities and processes.

• Ability to deliver compelling presentations and influence executive audiences.

• Strong sense of accountability and ownership, with strong results orientation.

• Excellent communication skills; ability to engage and inspire across stakeholder groups.

• Exceptional command in Microsoft Office suite, particularly Excel, PowerPoint, and Word.

Time Type:

What you will do:

• Establish and manage security solutions for a functional area
• Develop Corrective Action Plans for all IS gaps and monitor discovered issues to completion
• Facilitate the implementation of approved IS tools and identify and propose new or improved security solutions or emerging technologies
• Ensure IS compliance and seek opportunities to enhance the efficiency of IS policies and procedures
• Identify significant IS threats and vulnerabilities, and define appropriate controls for discovered threats, documenting the business response
• Communicate and discuss changes to IS regulations and standards with Business and Program owners
• Manage project deadlines, deliverables, planning, budgeting and policy formulation for the team, including short-term resource planning

Your profile:

• 6-10 years of relevant experience
• Database knowledge preferred
• Additional technical certifications preferred
• Consistently demonstrates clear and concise written and verbal communication
• Proven influencing and relationship management skills
• Proven analytical skills
• Fluent English language (both verbal and written).
• Bachelor’s degree/University degree or equivalent experience
• Master’s degree preferred

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• Cafeteria Program
• Home Office Allowance (for colleagues working in hybrid work models)
• Paid Parental Leave Program (maternity and paternity leave)
• Private Medical Care Program and onsite medical rooms at our offices
• Pension Plan Contribution to voluntary pension fund
• Group Life Insurance
• Employee Assistance Program
• Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
• Flexible work arrangements to support you in managing work - life balance
• Career progression opportunities across geographies and business lines
• Socially active employee communities with diverse networking opportunities

Time Type:

By joining Citi, you will become part of a global organization whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

The mission of the team is to:

• Serve as trusted control advisors who promote and assist in embedding strong internal controls over financial reporting, regulatory reporting across International Controllers, and is involved in corporate level control programs such as SOX, COSO & MCA;

• Drive International Controllers governance and ensure adherence to corporate wide Citi policies and standards for Finance;

• Deliver timely, accurate and insightful control analytics to ensure proper attention to remediation efforts and to strengthen the control environment.

What you’ll do

• Work with Management on governance and the facilitation of the execution of the Manager Control Assessment (MCA) as required by the MCA Standard & Procedure including the appropriate assessment of risk and its mitigation.

• Support MCA Transformation deliverables including oversight of control uplift, inherent risk assessments, adoption of Global Process MCA profiles (GPMPs) in Global Assessment Unit and any other requirement.

• Act as SME to senior stakeholders and /or other team members on matters of MCA structure, process and procedure.

• Develop and maintain relationships across the business users and Lines of Defense to better understand and deliver customer requirements by responding to changes in the MCA requirements.

• Support delivering trainings to the countries with aim to increase awareness on controls and strengthen control environment;

• Proactive and 'no surprises' approach in communicating and escalating issues; and strength in sustaining independent views;

• Perform other risk & controls duties and tasks in connection with the role but not detailed in the current job description.

What we’ll need from you

• 5+ years of experience in the Financial Services industry preferably in a Controls, Risk Management, or Audit function;

• Bachelor’s/University degree required, Master’s degree preferred;

• Internal Audit knowledge gained as a practitioner or in an associated consulting role;

• Exposure to regulatory reporting and compliance environment;

• Financial products knowledge is an advantage;

• Good understanding of culture, ethical conduct, governance, risk management and control frameworks in leading international organizations;

• Attention to detail and ability to conduct adequate checks and challenge;

• CPA or ACCA equivalent is an advantage;

• Strong communicational skills in English.

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• Cafeteria Program

• Home Office Allowance (for colleagues working in hybrid work models)

• Paid Parental Leave Program (maternity and paternity leave)

• Private Medical Care Program and onsite medical rooms at our offices

• Pension Plan Contribution to voluntary pension fund

• Group Life Insurance

• Employee Assistance Program

• Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed

• Flexible work arrangements to support you in managing work - life balance

• Career progression opportunities across geographies and business lines

• Socially active employee communities with diverse networking opportunities

Time Type:

In this position you will use and expand your experience and professional skills for the following responsibilities:

• Participate in regulatory change projects for Liquidity.

• Ensure implementation of regulatory changes/requirements.

• Elicit and document business requirements for existing and new reporting processes

• Liaise with Technology, Treasury and Reporting teams to ensure requirements mean the same for everyone

• Prepare and execute test scripts for the solution developed

• Analyse data and escalate logic gaps

• Document new processes and prepare user guides for new systems and features

• Express a collaborative and motivating attitude to join forces with colleagues for excellent results

The ideal candidate for this position preferably possesses the following qualifications and skills:

• University/College degree in Finance/Accounting

• 3+ years of work experience in financial reporting, accounting or system implementation role

• Fluent English language skills

• Excellent analytical and communication skill

• Technology attitude: you will have to co-operate with Technology staff, we need you to speak their language

• Interpersonal skills, ability to manage stakeholder relationships across various levels of seniority

e are a development-focused organization. The above qualifications and skills are considered as primary assets for the position – but we do not pursue perfectionism: we look for capable colleagues and help them grow to excellence in their fields and positions.

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• Cafeteria Program

• Home Office Allowance (for colleagues working in hybrid work models)

• Paid Parental Leave Program (maternity and paternity leave)

• Private Medical Care Program and onsite medical rooms at our offices

• Pension Plan Contribution to voluntary pension fund

• Group Life Insurance

• Employee Assistance Program

• Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed

• Flexible work arrangements to support you in managing work - life balance

• Career progression opportunities across geographies and business lines

• Socially active employee communities with diverse networking opportunities

Time Type:

Responsibilities:

• Consistently develop, execute and deliver audit reports in a timely manner, in accordance with Internal Audit and Regulatory standards
• Review and approve the Business Monitoring Quarterly summary and serve as lead reviewer for all reviews
• Collaborate with teams across the business and determine impact on overall control environment and audit approach
• Manage audit activities for a component of a product line, function, or legal entity at the regional or country level
• Leverage a comprehensive expertise to manage a team
• Advise the business on change initiatives, while advancing integrated auditing concepts and technology adoption
• Recommend interventions to issues, propose solutions for risk and control problems, partner with Directors and Managing Directors to develop approaches for broader corporate issues
• Apply in-depth understanding of Internal Audit standards, policies and regulations to a specific product or function area Qualifications:
• 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.

Qualifications:

• 6-10 years of relevant experience
• Related certifications (CPA, ACA, CFA, CIA, CISA or similar) preferred
• Effective comprehension of business side of audit function and subject matter expertise regarding technology application
• Excellent verbal, written and negotiation skills
• Strong project management skills
• Effective influencing and relationship management skills
• Demonstrated ability to remain unbiased in a diverse working environment

Education:

• Bachelor's/University degree, Master's degree preferred

This role will offer you the opportunity to build a solid understanding of financial services operations and deepen your knowledge about effective regulatory requirements. Since the regulatory landscape is continuously changing it will support your development that can drive your career.

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• Cafeteria Program
• Home Office Allowance (for colleagues working in hybrid work models)
• Paid Parental Leave Program (maternity and paternity leave)
• Private Medical Care Program and onsite medical rooms at our offices
• Pension Plan Contribution to voluntary pension fund
• Group Life Insurance
• Employee Assistance Program
• Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
• Flexible work arrangements to support you in managing work - life balance
• Career progression opportunities across geographies and business lines
• Socially active employee communities with diverse networking opportunities

Time Type:

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