Financial Reporting Manager jobs at Citi Group in Hungary

As aFinancial Reporting Analystyou will be responsible for the financial accounting and reporting related tasks required by the local regulators throughout the Europe, Middle East and Africa region (e.g. central banks), performing controls over the reports and submission of them in coordination with the in-country Finance Team.

The overall objective of this role is to utilize your financial accounting knowledge and start building you up as a regulatory reporting expert by familiarizing yourself with local regulations and reporting practices.

What you’ll do:

• Produce daily, weekly, monthly & quarterly regulatory reporting returns (e.g. balance sheet, profit and loss) and perform period-to-period analysis on them

• Reconciliation of sub-systems to primary accounting records

• Substantiation of accounting records for reporting purposes

• Validation and adjustment of accounting entries in the reporting ledger

• Active involvement in the interpretation, tracking and implementation of the internal and external changes in report production processes including user testing and documentation of specifications.

• Take part in reviews and developments of current processes to increase efficiency

• Participate in the new system/ process implementations related to regulatory reporting requirements

What we’ll need from you:

• University / College degree preferably in finance / accounting

• 1-2 years’ relevant work experience

• Financial accounting or regulatory reporting background is an advantage

• Knowledge of banking products and their accounting/reporting in IFRS is an advantage

• Advanced MS Excel knowledge

• Highly motivated with advanced analytical and problem-solving abilities

• Fluent English knowledge

What you’ll learn:

• Composition of a financial institution’s balance sheet, profit and loss and other important financial reports

• Accounting treatment of securities, derivatives, loans and other financial instruments managed by a bank based on IFRS9 rules

• Framework for banking financial reporting and prudential reporting as per the regulatory reporting requirements of the region

• Become experienced in internal and external audits and inspections by the central banks

We 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:

• Formulate and define systems scope and objectives for complex projects and foster communication between business leaders and IT
• Consult with users and clients to solve complex system issues/problems through in-depth evaluation of business processes, systems and industry standards and recommends solutions
• Support system change processes from requirements through implementation and provide input based on analysis of information
• Consult with business clients to determine system functional specifications and provides user and operational support
• Identify and communicate risks and impacts, considering business implications of the application of technology to the current business environment
• Act as advisor or coach to new or lower level analysts and work as a team to achieve business objectives, performing other duties and functions as assigned
• Has the ability to operate with a limited level of direct supervision.
• Can exercise independence of judgement and autonomy.
• Acts as SME to senior stakeholders and /or other team members.
• 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:

• 10+ years of relevant experience
• Experience in data analysis with intermediate/advanced Microsoft Office Suite skills
• Proven interpersonal, data analysis, diplomatic, management and prioritization skills
• Consistently demonstrate clear and concise written and verbal communication
• Proven ability to manage multiple activities and build/develop working relationships
• Proven self-motivation to take initiative and master new tasks quickly
• Demonstrated ability to work under pressure to meet tight deadlines and approach work methodically with attention to detail

Education:

• Bachelor's degree/University degree or equivalent experience

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Time Type:

SOX Program Office role supports the SOX Program Office Coordinator Lead in managing the core operations of Citi’s SOX program. A SOX Coordinator is responsible for understanding the SOX Program Office requirements and enabling implementation of those requirements, working closely with the business process teams across the organization. The objective of the role is to support ongoing compliance with the Sarbanes Oxley requirements by the business teams by ensuring that internal controls are appropriately designed and operating effectively. This role will interact with all levels of management across the organization, within cross functional teams across the first, second and third line of defense functions, as well as external auditors.

Responsibilities:

· Work closely with / participate in ongoing forums / meetings /trainings held by the SOX Program Office and adequately understand the requirements related to SOX risk assessment and scoping, risk and control documentation, quality assurance, SOX IT and vendor governance, deficiency assessment, etc.

· Work and coordinate with business process / control owner teams, setting up and conducting walkthroughs to enable SOX risk and control identification in line with SOX Program Office and trainings

· Lead or assist in providing subject matter expertise, guidance, training and support to process and control owners across the firm related to controls scoping, documentation, assessment and issues evaluation

· Review and ongoing maintenance of process, risk and control documentation (narratives, flow charts, test plans, and risk matrices), due to changes in business processes, technology, etc. with input from control owners and other stakeholders, as appropriate

· Apply risk and control concepts to assess control design for the key controls, working closely with the business stakeholders / Controllers, etc.

· Quarterly monitoring and oversight of SOX controls self-assessment performed by business teams, review of results for ineffective controls and potential deficiencies

· Lead or assist with annual SOC1 assessments providing expertise, guidance, and review of controls

· Support other SOX Program Office special initiatives, projects (e.g., automation, optimization, standardization), as required in addition to ongoing program requirements

· Support getting prompt and timely responses to internal / external / regulator requests related to SOX processes, risks and controls

· Lead and manage various SOX meetings e.g., SOX working groups, Steering group or other SOX meetings as required

· Manage multiple competing priorities and meet strict deadlines, both internal and external

Qualifications:

· 6+ years relevant experience with risk and controls, SOX (preferred)

· Working knowledge of internal control concepts including the COSO 2013 internal control framework

· Finance or related experience with a focus on process design and improvement. Preference for experience supporting regulatory compliance, operational risk management, or financial reporting.

· Understanding of common financial products and processes in institutional banking, or consumer banking, corporate treasury, and various other corporate finance activities

· Strong interpersonal, oral and written communication skills; ability to effectively challenge and influence

· Strong project management, time management and organization skills

· Intermediate to advanced knowledge of MS Word, Excel and PowerPoint

· Experience working with Workiva Wdesk or Open Pages is a plus

· Proven ability to work effectively with virtual teams, to set realistic deadlines, and to effectively manage one’s own time and priorities to meet those deadlines including regular communication and updates

· Process oriented, data driven, and exceptionally well organized and detailed

· Collaborative, quick learner, team player and good under pressure, ability to multi-tasking and participate in various projects/process improvement

(CA, CPA, CIA, CISA or similar) 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:

is a role for experienced professionals from the field of accounting and reporting. You will be responsible for the preparation of financial reports required by the local regulators throughout the Europe, Middle East and Africa region (e.g. central banks), performing controls over the reports and submission of them in coordination with the in-country Finance Team.

What you’ll do:

• Produce daily, weekly, monthly & quarterly regulatory reporting returns (e.g. balance sheet, profit and loss) and perform period-to-period analysis on them

• Beside report preparation you will also perform checker tasks by reviewing your junior colleagues’ work, which includes:

  • Reconciliation of sub-systems to primary accounting records

  • Substantiation of accounting records for reporting purposes

  • Validation and adjustment of accounting entries in the reporting ledger

• Active involvement in the interpretation, tracking and implementation of the internal and external changes in report production processes including user testing and documentation of specifications.

• Take part or lead reviews and developments of current processes to increase efficiency

• Help new-hire colleagues to fit in and provide on-the-job trainings to them

• Liaise with multiple departments at regional and country level to resolve issues (e.g. Treasury, Local Finance)

• Participate in the new system/ process implementations related to regulatory reporting requirements

What we’ll need from you:

• University / College degree preferably in finance / accounting

• 3+ years’ relevant work experience

• Financial accounting or regulatory reporting background is an advantage

• Knowledge of banking products and their accounting/reporting in IFRS is an advantage

• Advanced MS Excel knowledge

• Working knowledge of IFRS reporting practices and standards

• Proven problem-solving and decision-making skills

• Consistently demonstrates clear and concise written and verbal communication skills

• Power Query knowledge is a plus

What you’ll learn:

• Composition of a financial institution’s balance sheet, profit and loss and other important financial reports

• Accounting treatment of securities, derivatives, loans and other financial instruments managed by a bank based on IFRS9 rules

• Framework for banking financial reporting and prudential reporting as per the regulatory reporting requirements of the region

• Become experienced in internal and external audits and inspections by the central banks

• Being responsible for one or more of Citi’s branches regulatory reporting activities end-to-end

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:

The Mid-Corp Relationship Manager is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the function and overall business. Evaluates moderately complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting situations using multiple sources of information. Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources. Strong communication and diplomacy skills are required. Regularly assumes informal/formal leadership role within teams. Involved in coaching and training of new recruits Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization. Work and performance of all teams in the area are directly affected by the performance of the individual.Responsibilities:

• Calls on clients to deepen relationships and proactively owns, responds to, uncovers and anticipates future needs, roadblocks or risks and expectations;
• Serves as clients' contact point and is responsible for managing internal departments to address any customer service issues;
• Introduces solutions to clients in building and strengthening an effective portfolio;
• Works with product specialists and subject matter experts to structure innovative and customized solutions that meet clients’ individual needs;
• Works closely with Case Manager on the on-boarding and retention of clients, ensuring the appropriate “Know Your Client” (KYC) and other compliance deliverables are met;
• Identifies cross-sell opportunities to deepen and increase share of wallet;
• Drives innovation in the solutions we provide clients and further developing our business where necessary and appropriate
• Supports the Senior Relationship Managers in structuring deals that balance risk and reward;
• Maximizes client experience by proactive sharing markets updates, trend and intelligence;
• Assists Senior Relationship Manager or Team Leader in in the research and identification of prospective clients;
• Networks with clients to identify avenues for new business opportunities
• Prepares /oversees new transaction submissions & annual reviews for the submission to the in-business credit lending management and independent risk department
• Actively protects Citi’s assets and reputation by being the first line of defense from credit risk management perspective
• Ensures compliance with regulatory requirements and Citi's policies / guidelines at all times
• 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:

• 5-8 years of experience
• Sound knowledge of banking and investment products and process as well as a track record of providing sound banking and financial advice and solutions to clients
• Demonstrates core credit skills
• Demonstrates an intermediate level of Early Warning Detection skills
• Demonstrates ability to close deals and proficiently manage the credit origination process, gather and maintain credit documentation and monitor accounts
• Demonstrates advanced understanding of accounting principles, financial modeling and statement analysis
• Ability to work effectively in team setting
• Excellent interpersonal, communication and influencing skills
• A self-starter, with positive/can-do approach, embraces changes and is bold;
• High level of energy, enthusiasm and motivation
• Highly focused, able to rapidly identify key priorities, clearly communicate the priorities
• Passion for creating new business opportunities with existing clients and able to demonstrate innovative approaches to meeting clients’ needs.
• A proactive approach in looking for ways in strengthening business relationship with clients, delivers a simple, secure and seamless client experience
• Ability to embrace new technology and understand the role digital plays in the experience we deliver for our clients
• Able to quickly adapt priorities based on the latest data insights
• Must have a sharp business development focus and demonstrative innovative approaches

Education:

• Bachelor’s/University degree or equivalent experience

• 2- 3 years of experience as a banker for Large Corporates
• English and Spanish are desirable but not mandatory.
• Mandatory CPA 20

Time Type:

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:

• Performing of the statutory financial reporting process for selected EMEA entities, with focus on UK registered companies;
• Preparation of the statutory accounts of selected EMEA entities
• Active involvement in the external audit of the statutory accounts
• Review the work of other team members to ensure high quality documentation provided to the directors and external auditors
• Delivery of statutory accounts to directors, and liaison with the Company Secretarial department to set up related board meetings
• Subject matter expert of statutory financial reporting rules and disclosure requirements
• Liaisons with EMEA Accounting policy team in determining the accounting and reporting treatment of complex and unusual transactions

Ideal background:

• University/College degree in Finance, Accounting or Economics – ACCA qualification is an advantage
• 6-7 years of experience in financial auditing (internal or external) or financial reporting and accounting or controlling
• Advanced verbal and written communication skills in English
• Accuracy and attention to detail
• Planning and organizational skills

• Competitive compensation package with a wide range of benefits:
  • Cafeteria Program
  • Home Office Allowance - for colleagues working in hybrid work model
  • 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

• 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

Time Type: