Citi Group Segments Accounting Policy Head - C16 

United States, New York, New York 

305888600

The job requires a broad and comprehensive understanding of the different systems, theories and practices relevant to a function as well as practical experience of multiple business cycles. In-depth knowledge of the industry and direct competitors' products/services is also necessary in order to contribute to the commercial objectives of the business. Requires thorough understanding of strategic direction of the function within the business, combined with a solid conceptual/practical grounding in both the function and/ or area of expertise. Excellent communication skills required in order to influence a wide range of audiences. The job is likely to be involved in both internal and external negotiations which will have a major impact on the area managed, and possibly on other related areas and organization as a whole requiring coordination and integration across units.

Responsibilities:

• Supporting Citi’s Global Head of Accounting Policy in managing relationships with internal audit, external auditors and regulators on accounting matters relating to Citi’s segments.
• Participate in accounting policy enforcement and ensures that Citi's business activities are in conformity with generally accepted accounting principles (GAAP).
• Assist in facilitating the proper implementation of new accounting standards mostly US GAAP but also IFRS, disseminates information on current accounting topics and recent developments that affect Citi and acts as a source to obtain recent presentations and corresponds with external standard setters and regulators.
• Advise business heads and managers regarding the accounting implications of new products and changes to existing products.
• Prepare and deliver presentations to facilitate firm-wide education of new or changing accounting requirements to ensure that management understands the impact of new standards and regulations
• Research and prepare detailed documentation to support accounting conclusions of new/modified products and complex transactions, including memos written by staff
• Recruiting, developing and retaining exceptional talent for Accounting Policy and Finance overall
• Reviewing and approving new products and structured transactions and participating in the New Product Approval Committee process
• Providing oversight of the Segments Accounting Policy team, including reviewing and approving the accounting conclusions of direct reports
• Provide accounting training (on existing and new pronouncements) to Local Finance and Business teams.
• Support with Balance Sheet Review process, and Internal and External auditors processes where applicable
• Participate in the development of Citi’s Global accounting policies and positions.
• Communicating significant accounting policy matters to the Global Head of Accounting Policy and senior management
• Interaction with senior members of the businesses, Finance, Risk and other control functions
• 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 others and create accountability with those who fail to maintain these standards.

Qualifications:

• 15+ years experience in Big 4 Accounting Firm with focus on banks or equivalent experience in Policy group of major financial institution; Experience working for FASB and/or U.S. banking regulator is highly desirable
• Strong negotiation, research, analytical, organization and communication skills (written and verbal) are also necessary
• The successful candidate will have the ability to multi-task while working on long-term projects
• The candidate should be a fast thinker/quick learner and possess the ability to work effectively under pressure in a rapidly changing environment in order to meet deadlines
• Ability to work autonomously as an effective member of a dynamic team, and manage change while developing the staff
• Personality that demands excellence in all work products, motivating and holding staff accountable for performance
• Practical knowledge of US GAAP, specifically in regards to financial instrument accounting. Knowledge of Regulatory Reporting / Basel issues ; the individual must possess excellent interpersonal and client service skills as well as have the ability to work very closely with many different levels of management on the business side; Excellent research, analytical, organization and drafting skills
• CPA or equivalent certification required

Education:

• Bachelors/University degree, Master’s degree preferred; managerial experience

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

Anticipated Posting Close Date:

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