Citi Group Strategic Ledger Reconciliation Solution Lead 

United States, Florida, Jacksonville 

354693514

The Financial Books & Records (FB&R) Transformation Initiative has been established under the wider Citi Finance Transformation and comprises three pillars - Accounting, Ledgers and Close, and associated global platforms, processes, and governance. The program includes standardizing and reducing risk across current FB&R processes and establishing the next iteration of ledger strategy to adopt and implement global standard SaaS / Cloud based accounting and ledger platforms (the “Strategic Ledger”). The outcome will be a robust global process, governance, and controls to ensure consistent and materially accurate, complete, and timely ledger data and results.

The program has established a Citi-wide governance and cross-functional team including Finance, Shared Services, Risk, Business and Technology partners. The scope of the program includes:

• Centralizing and standardizing accounting into global accounting hubs and sub-ledgers.
• Implementing a standard sub ledger and general ledger for the firm.
• Replacing Citi’s current Operating and Reporting ledgers, including those embedded in bank-in-a-box platforms such as Flexcube.
• Automating and streamlining accounting and ledger processes and controls.
• Addressing source data quality issues impacting ledgers in partnership with enterprise-wide data priorities.

TheStrategic Ledger Reconciliation Solution Lead – Senior Vice President (C14)will be part of the overall FB&R Initiative.

Key Responsibilities:

• Lead the requirement, design, implementation, and testing activities of the Strategic Ledger Reconciliation solution.
• Manage a team of 2 - 4 direct staff members and 10 -20 third-party resources.
• Partner with the Finance, Operations and Technology stakeholder communities.
• Partner with Finance Data Initiative to ensure alignment of FB&R Ledger and Data transformation priorities.
• Partner with General Ledger workstream to ensure alignment of Ledger and Chart of Account design, and enablement of reconciliations.
• Partner with Solution Architecture workstream to ensure alignment with Citi’s technology architecture design principles.
• Partner with other horizontal workstreams including Operating model, Process, and Controls to ensure consistency of reconciliations’ design.

Qualifications and skills:

• 12+ years of relevant work experience with global corporations and financial services experience gained in Banking or in an associated consulting role.
• Proven track record of working in Finance organizational and technology transformations enabled by SaaS Cloud technologies (Oracle, SAP, Workday, Axiom, Workiva).
• Significant experience in design and implementation of reconciliation solutions using market leading technologies (e.g., Oracle Accounts Reconciliations, Smartstream TLM, Blackline).
• Significant experience in definition of reconciliation solutions that requires changes in technology and processes across the whole organization.
• Understanding of General Ledger and Chart of Accounts design concepts.
• Understanding of the regulatory and control requirements around Citi’s ledgers including ICOFR and SOX.
• Understanding of accounting concepts related to US GAAP, IFRS and Local GAAP standards.

Education:

• Bachelor’s degree in finance, Accounting, Business, Management, or related field is required; CPA or equivalent will be a differentiator.

Anticipated Posting Close Date:

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