Regulatory Change Lead Analyst
Citigroup
Are you looking for a career move that will place you in a global financial organization? Then bring your skills in financial _analysis, regulatory reporting and communication_ to Citi’s Budapest Regulatory Reporting team.
By joining Citi, you will become part of a global organization whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
**Team/Role Overview**
Position is a part of Budapest Regulatory Reporting team, which services German entities including CGME, CEP Germany
Citigroup Global Markets Europe AG (CGME) has been set up as the Citigroup strategic solution for the Brexit related changes for the broker dealer chain. CGME is also a CRR Credit Institution license resulting in additional regulatory reporting requirements and heightened regulatory scrutiny. The role is part of the CSC Regulatory Reporting team and has in depth interaction with business on all locally booked business.
This position will oversee regulatory change related matters for the other bank chain legal entities domiciled in Germany as well.
+ Lead regulatory change projects for the local regulatory reporting team for Germany Controllers.
+ Ensure accurate implementation local regulatory reporting requirements for Germany entities.
+ Coordination with various stakeholders such as the service centre in Budapest and technology.
+ Ensure overall efficient and targeted project results, identify process improvements & drive re-engineering initiatives.
The reporting requirements and change initiatives are spread across Financial, Statistical, and Prudential regimes.
Financial and Statistical reporting team is responsible for categorizing end of period positions in the form of locally required balance sheet & P&L statements, while Prudential Reporting team is responsible for capital adequacy calculation as per Basel rules, which includes accurate monitoring and reporting of capital ratios to several stakeholders including senior management, business leads and regulators.
**What you’ll do**
+ Oversee and manage the production, analysis and delivery of reports to various constituencies (National / central regulators like BaFin, ECB, SEC, etc) based on requirements such as IFRS, German GAAP, CRR.
+ Perform analysis of financial results and conclude cause of variances such as accounting issues and economic events.
+ Participate in efficiency and innovation projects on ad hoc basis by reviewing and developing current processes using advanced digitalization tools.
+ Maintain and further development of key controls including reconciliations, variance analysis and mapping reviews. Ongoing review and development of processes to increase efficiency on a long term.
+ Liaise with multiple departments of the covered countries (including Data Services, Financial Control, Risk Departments, Treasury, FP&A etc.) to coordinate reporting and resolve issues.
+ Provide support to country Finance teams or other central teams on an ad-hoc basis (e.g. audits, regulatory inquiries).
+ Check and ensure that procedures, policies and responsibility matrixes are applied to adequately cover rules and regulations.
+ Prepare report mapping logics and rules set up in new system implementation project.
**What we’ll need from you**
+ University/College degree in finance/accounting.
+ 8+ years of work experience in financial, regulatory or risk reporting / auditing roles.
+ Prior knowledge of Citi legal entity processes, systems and data structures would be an asset.
+ Good understanding of Accounting & Finance principles and Financial Markets and products/Regulatory Reporting requirements.
+ Communicate effectively with a wide range of people across different functions and varying levels of seniority.
+ Knowledge of VBA, Python, Knime, SQL.
+ Knowledge about German GAAP / IFRS / Basel is highly advantageous.
+ Languages: English (mandatory), German (advantageous).
**What we can offer you**
By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:
+ Cafeteria Program
+ Home Office Allowance (for colleagues working in hybrid work models)
+ Paid Parental Leave Program (maternity and paternity leave)
+ Private Medical Care Program and onsite medical rooms at our offices
+ Pension Plan Contribution to voluntary pension fund
+ Group Life Insurance
+ Employee Assistance Program
+ Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
+ Flexible work arrangements to support you in managing work - life balance
+ Career progression opportunities across geographies and business lines
+ Socially active employee communities with diverse networking opportunities
Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.
**Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.**
**\#LI-MF1**
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**Job Family Group:**
Finance
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**Job Family:**
Financial Reporting
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**Time Type:**
Full time
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