Interpretative Regulatory Reporting, Senior Lead Analyst, SVP - O'Fallon, Missou
Long Island City, NY 
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Posted 22 days ago
Job Description

Citi is building out its Regulatory Reporting Interpretive Office (RRIO) to further enhance the quality and consistency of its U.S. regulatory reporting. The purpose of this Office is to provide interpretive guidance on items that may be vague or not specifically addressed in reporting instructions or FAQs, or which may be inconsistent across regulatory reports.

The Finance Reporting Senior Lead Analyst position is an integral member of the Global Regulatory Reporting Group (GRR) which includes the RRIO and the reporting team. The GRR is a high profile function, providing financial information to the regulators including the Federal Reserve Bank (FRB) and the Office of the Comptroller of the Currency (OCC). The position will have a high level of visibility within the organization with opportunities to work directly on a regular basis with Management and will also interact very closely with other groups throughout Citi, including Risk, Treasury, Controllers, SEC Reporting, Financial Planning & Analysis, Finance & Risk Systems Operations, and Basel teams. In addition, this position will work collaboratively with the FR Y-14 Actuals Quality Control Team to help strengthen Citi's FR Y-14 reporting process.

The primary roles and responsibilities of this Office will include:

Addressing ambiguities and inconsistencies in U.S. regulatory reporting guidance

  • Outlining interpretive guidance based on review of new and revised regulatory reporting instructions, supplemental instructions, Notice of Proposed Rule Making, transmittal letters, etc. and assisting the Citi Finance functions in implementing and meeting regulatory reporting requirements.
  • Providing interpretive guidance on ad hoc items including those arising during quarterly reporting processes, or out of data tracing efforts and issues management processes.

Gatekeeping - Advising on industry developments and the U.S. regulatory reporting implications of new activities and one-off events

  • Keeping abreast of industry, regulatory, and accounting developments and applying solid knowledge of Finance/accounting concepts and principles to ensure accurate Regulatory Reporting filings.
  • Reviewing internal new product approvals across businesses and regions
  • Researching and advising on implications of events such as business disposals, impairments, changes in U.S. GAAP treatment and others

Engage with peer banks and regulators

  • Participating in Peer Bank calls;
  • Raising Frequently Asked Questions with regulators and peer banks.
  • Providing leadership and support during regulatory exams and internal audits

Partnering with other teams involved in or impacting U.S. regulatory reporting

  • Providing guidance on new/revised logic/rules, including those changes identified via data tracing efforts and the regulatory reporting rules logic validation exercises.
  • Reviewing regulatory reporting training modules, including updates.
  • Assisting with interpretations required for identifying reconciliation points between regulatory reports/schedules.
  • Communicating effectively, clearly, concisely and accurately using written and verbal communications with Senior Management, Regulatory Agencies and Internal/External Auditors.
  • Establishing strong working relationships with multiple areas across Citi, including SEC Reporting, Treasury, Risk, Accounting Policy, Product Control, Financial Planning and Analysis, Mergers & Acquisitions, Legal, and Investor Relations to maintain a high level of quality and accuracy of the report filings.
  • Managing, training, mentoring, and evaluating assigned staff on the RRIO team.
  • Maintaining effective and professional relationships with regulators, internal and external auditors.

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Working with other team members to maintain record-keeping and organization for the RRIO team.

This individual will have an opportunity to work with GRR team members which include MBAs and CPAs, who are engaged and support one another and in an environment which promotes and sustains continuous development and growth.

GRR's mission is to provide complete and accurate consolidated financial statement analysis and other related information to the regulators, investors, outside analysts and senior management on a timely basis and in the most efficient manner possible.

Qualifications:

  • Minimum 10 plus years of Financial Reporting experience, preferably U.S. Regulatory Reporting experience with sound Interpretive focus. Strong familiarity with GAAP/SEC Financial Reporting.
  • Requires some Production experience where there is deciphering of what information is being reported.
  • Prior Accounting Policy experience is helpful.
  • Bachelor's degree in Accounting or Finance.
  • CPA/MBA preferred.
  • Strong leadership, presentation, communication and interpersonal skills. Self-starter.
  • Curious mindset; ability to analyze highly complex conceptual and practical issues. Appropriately execute and implement against a well thought through framework in a seamless manner.
  • Ability to evaluate evolving priorities and balance time-sensitive work with other ongoing responsibilities and longer-term strategic work; thorough, organized, decisive, action-oriented and practical.
  • Ability to innovate and champion progress to improve reporting quality and consistency as well as efficiency and productivity.
  • Ability to work with different levels of staff and management.
  • Ability to develop effective and productive working relationships with a wide range of groups across Citi as well as external auditors and regulators.
  • Strong strategic thinking skills and interest in the bigger picture of how Citi's U.S. regulatory reporting is produced and its importance for Citi.
  • Technology savvy - Proficiency in Microsoft Office - Excel, Word, PowerPoint

We are currently working on a hybrid schedule consisting of 2-3 days in office and the remainder remote (specific details depend on location and business group). This is not a remote only role.

This position does not provide sponsorship.

O'Fallon salary range:

$130,460 - $195,69

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Job Family Group:

Finance

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Job Family:

Financial Reporting

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Time Type:

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Primary Location:

Long Island City New York United States

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Primary Location Salary Range:

$158,140.00 - $237,200.00

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review .

View the "EEO is the Law" poster. View the EEO is the Law Supplement.

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Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
10+ years
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