Director, Regulatory Reporting Sr. Group Manager (Hybrid)

Overview:

The Global Regulatory Reporting GSIB Report Owner is a management position within the Controllers Organization that will report to the Head of Regulatory and Capital Reporting. The individual will serve as an integral member of the Regulatory and Capital Reporting team.

The position will be responsible for the timely filing, completeness, and accuracy, of the FR Y-15. Report ownership accountabilities will be from origination to reporting, including a view of end-to-end data and process flows, ongoing review of data quality scorecards for critical data elements (inclusive of monitoring of relevant booking control performance) and ensuring certification of authorized data sources.  The position will collaborate with a dedicated Data Lead and team for support with the end-to-end data accountability.

The FR Y-15 Report Owner will be a key point of contact for the U.S. Regulators, responding to inquiries, and having recurring meetings, as requested, involving the Federal Reserve Bank (FRB), the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp (FDIC).

The position will have a high level of visibility within the organization with opportunities to work directly with Executive Management and will interact very closely with other Finance and non-Finance functions throughout Citi, including the Businesses (e.g., Markets), Risk, Treasury, Capital Controllers, Financial Planning & Analysis, as well as Enterprise Technology, & Operations.

Collaborating closely with the Controllers Transformation team, the position will be a primary owner and adopter of the multi-year transformation of Regulatory Reporting. The position is expected to provide thought leadership on Regulatory Reporting matters and will also play a significant role in initiatives that are focused on managing the GSIB score.

Key Responsibilities

The primary roles and responsibilities of this position will be management of a team of dedicated professionals including MBAs and CPAs, performing functions that include:

• Lead the team responsible for the U.S. regulatory filing, reviewing regulatory data input into 10Q/10K disclosures and the regulatory and management reporting close process for the FR Y-15 and GSIB surcharge.
• Working with the relevant Data Leads and team to maintain and continue to enhance data quality throughout the end-to-end data lifecycle.
• Working with the relevant Risk & Controls team, maintain and continue to enhance an effective internal controls structure to satisfy the Management Control Assessment (MCA) Risk and Controls requirements.
• Partner with the Controllers Transformation team to implement the milestones, compensating measures and strategic remediation efforts required to address relevant Consent Order, MRIA and MRAs.
• Responsible for Internal Audits, Independent Risk Management, and external reviews for FR Y-15. Including addressing and develop plans to remediate review findings.
• Lead team to present to Citi senior management, Citibank N.A. senior management, FRB, OCC, and FDIC quarterly financial results and analysis for regulatory filings of the FR Y-15.
• Partner with the Regulatory Reporting Interpretative Office, Basel Interpretative Office, and Accounting Policy on their interpretations and assessment of new and proposed regulatory and accounting rules.
• Represent Citi with industry banks to lead discussions with US regulators, The Bank Policy Institute (BPI), American Bankers Association (ABA) and Institute of International Finance (IIF) on proposed rulemaking on various regulatory matters.
• Review and develop regulatory reporting training with updated regulatory guidance.

Skills:

• Strong familiarity with relevant Regulatory rules and GAAP/SEC financial reporting.
• Strong leadership and personnel management skills.
• Outstanding presentation, communication, interpersonal and coaching skills. Ability to work with various levels of management.
• Able to analyse and think through highly complex issues.
• Growth mindset and ability to innovate and champion progress for efficiency and productivity.
• Sound judgment to weigh issues in a balanced manner and make reasonable decisions.
• Sense of urgency in implementing processes and controls and evaluating priorities; decisive, action-oriented, and practical.
• Highly motivated and goal-oriented with ability to lead in a professional and challenging environment and deliver results against fast-paced deliverable deadlines.
• Demonstrated ability to manage multiple priorities under demanding time frames and respond appropriately and competently to the demands of work challenges when confronted with changes, ambiguity, adversity, and other pressures.
• Ability to develop effective and productive working relationships with a wide range of groups across Citi as well as external auditors and regulators.
• Technology savvy – Proficiency in Microsoft Office - Excel, Word, PowerPoint, SQL.

Qualifications:

• Minimum 12 years of Accounting, Controllers and Reporting experience, including U.S. Regulatory Reporting. 
• Bachelor’s degree in accounting/finance.
• CPA Preferred.

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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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