Officer, Balance Sheet Reconciliation, Citi

Citi

Location:
India, Mumbai

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

Citi Finance is responsible for the firm’s financial management and related controls. We manage and partner on key Citi initiatives and deliverables, such as our quarterly earnings process and ensuring Citi’s compliance with financial rules and regulations. The team comprises chief financial officers who partner with each of our businesses and disciplines including controllers, financial planning and analysis, strategy, investor relations, tax and treasury.

Job Responsibility:

Ensure Balance Sheet accounts assigned have been reconciled in line with BSRS Policy and standard /desktop documented procedure
Support reconciliation segment leads in driving full compliance of the Balance Sheet Reconciliation and Substantiation Policy
Ensure reconciliation performed meet the following: All exceptions (including aged items, reconciliation breaks and unsubstantiated balances) breaching reportable thresholds have been completely and accurately reported in eRecon
Supporting documentation has been maintained for the work performed and exceptions noted (including action required and ownership working with the Account Owner)
Play a key role in supporting implementation of strategic ledger by participating in the UAT for the reconciliation function
Support escalation of material reconciliation exceptions in coordination with Account Owners
Support reconciliation segment leads for coordination of all Internal and External Audits, Regulatory interfacing related to the CSDO Balance Sheet Reconciliation function
Support reconciliation segment leads in partnering with BSG to drive monthly Account Review Forum (ARF) with Account Owners Groups and senior controllers and ensure all significant reconciliation and substantiation exceptions are highlighted and discussed for remediation
Support reconciliation segment leads to partner with Controller Transformation group to improve efficiency, effectiveness, productivity, and/or control
Drive zero tolerance culture on control breaches
Drive and coordinate remediation of all high and medium risk EUCs
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

Requirements:

3+ years of proven experience related to accounting, financial reporting, and/or product control
Ability to analyze complex financial data
Knowledge of US GAAP / IFRS preferably in banking / financial services environment
Proficiency with MS Project and MS Office Suite
Financial management competencies
Demonstrated ability to manage in a complex and dynamic environment
Ability to support implementations and work closely with project teams
Ability to coordinate with team members in distributed geographic environments/ across functional areas
Bachelor's/University degree or equivalent experience

What we offer:

Programs and services for physical and mental well-being including access to telehealth options, health advocates, confidential counseling
Expanded Paid Parental Leave Policy
Resources to manage financial well-being and plan for the future
Access to learning and development resources
Generous paid time off packages
Resources and tools to volunteer in the communities

Additional Information:

Job Posted:
March 21, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Officer, Balance Sheet Reconciliation