Citigroup Inc.
Finance Accounting Lead - Markets Reporting Head and CGMHI CFO
Citigroup Inc., Getzville, New York, United States, 14068
The Finance Accounting Lead Group Manager is a C-16 level leadership role that manages multiple teams of senior professionals through other senior managers. The role consolidates groups including the Markets Segment Reporting team, the CGMI team and the CGMHI / CGMI Legal entity management team under unified leadership. The role includes (CGMHI) CFO responsibilities and oversight over US Broker Dealer legal entity controller activity.
The Markets business accounts for most of the US Broker Dealer balance sheet, necessitating collaboration across these teams to strengthen controls and standardize processes over time.
The role requires a broad, comprehensive understanding of processes and controls across financial reporting and regulatory reporting for the Markets business and the US Broker Dealer legal entities, with practical experience managing multiple close cycles. In-depth knowledge of the Markets business and products, and strong industry knowledge of products/services and reporting are necessary to provide assurance over the business, legal entity financial statements, and regulatory reporting.
The job involves internal and external stakeholder engagement covering the Markets business and the US broker dealer entities. Excellent communication skills are required to influence a wide range of senior stakeholders. The successful candidate will contribute to the development of medium- to long-term financial plans for the US Broker Dealer entities and execute functional strategies for large, complex businesses requiring coordination across units. The role provides essential input into strategic decisions affecting the Markets business and Controllers discipline and carries full management responsibility for multiple teams, including people, budget, and planning.
Key Responsibilities
Financial & Regulatory Reporting: Lead the preparation of Earnings, Supplement, 10K/Q for Markets, and US Broker Dealers. Responsible for the standalone financial statements for the broker dealer legal entities. Governance: Oversee and manage governance processes for CGMI and CGMHI. Daily Regulatory Reporting: Manage the daily regulatory reporting for CGMI. Audit & Committee Management: Prepare materials for external audits, the Board, and Audit Committees. Revenue & Expense Reporting: Oversee daily, monthly, and quarterly revenues and expense reporting for Markets. Balance Sheet Governance: Manage daily balance sheet reporting and governance for Markets. Close Process: Own the monthly and quarterly close governance process for Markets. Strategy and Control: Direct and control the strategy and execution of CGMHI / CGMI activities within a major Infrastructure area. Partner with the relevant areas to improve efficiency, effectiveness, productivity, and/or control. Data Integrity: Support the management and control of data flows to and within Finance applications to ensure the integrity and completeness of data. This includes preparing and recording financial transactions for legal vehicle and regulatory reporting purposes, updating the general ledger, and preparing consolidated financial statements. Stakeholder Management: Act as a key member of the CGMHI / CGMI management team, representing the company in dealings with clients and external bodies such as senior Regulators and auditors. Partner with the CEO and business heads to execute the relevant legal entity strategy. Team Leadership: Manage 70+ staff within the relevant newly created team via team of senior managers. Risk Management: 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, and escalating control issues with transparency. Qualifications
Experience: 15+ years of relevant experience, including at least 10+ years in a strategic professional capacity within a finance function. Managerial Experience: 10+ years of full management experience, with significant experience leading large, global teams in a fast-moving and changing environment. Industry Experience: Wide and deep experience in a Finance function, preferably in a Markets environment, within the CFO / Controller function of significant, large Markets-based US Broker Dealers. Knowledge and Skills
Technical Knowledge: Strong understanding of key disciplines within Finance, specifically US GAAP, US regulatory and SEC Regulatory Reporting. Strong understanding of the Financial Reporting process (Supplement / 10K/Q and standalone legal entities) and the ability to apply correct controls to ensure accurate reporting. Strong understanding of PCAOB / AICPA practice and requirements Business Acumen: Deep understanding of the Markets Business, including the drivers of revenues and expenses for the Markets Business and US Broker Dealer Businesses. Communication Skills: Highly developed communication and stakeholder management skills with the ability to influence a wide range of audiences. This includes frequent interaction with senior internal leaders (Legal entity boards, Audit committees, CEOs) and external parties (KPMG Partners, senior Regulators). Education
Required: Bachelor's/University degree Preferred: CPA Accounting qualification/ master's degree. Regulatory Requirement: US Broker dealer Regulatory Qualifications would be a distinct advantage. The successful candidate will also become the CGMI CFO and will be required to study and pass the Financial and Operations Principal (Series 27) certification exams. Equality of opportunity: Citi is an equal opportunity employer. Qualified candidates will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by law. 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 Accessibility at Citi. View Citi’s EEO Policy Statement and the Know Your Rights poster.
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Financial & Regulatory Reporting: Lead the preparation of Earnings, Supplement, 10K/Q for Markets, and US Broker Dealers. Responsible for the standalone financial statements for the broker dealer legal entities. Governance: Oversee and manage governance processes for CGMI and CGMHI. Daily Regulatory Reporting: Manage the daily regulatory reporting for CGMI. Audit & Committee Management: Prepare materials for external audits, the Board, and Audit Committees. Revenue & Expense Reporting: Oversee daily, monthly, and quarterly revenues and expense reporting for Markets. Balance Sheet Governance: Manage daily balance sheet reporting and governance for Markets. Close Process: Own the monthly and quarterly close governance process for Markets. Strategy and Control: Direct and control the strategy and execution of CGMHI / CGMI activities within a major Infrastructure area. Partner with the relevant areas to improve efficiency, effectiveness, productivity, and/or control. Data Integrity: Support the management and control of data flows to and within Finance applications to ensure the integrity and completeness of data. This includes preparing and recording financial transactions for legal vehicle and regulatory reporting purposes, updating the general ledger, and preparing consolidated financial statements. Stakeholder Management: Act as a key member of the CGMHI / CGMI management team, representing the company in dealings with clients and external bodies such as senior Regulators and auditors. Partner with the CEO and business heads to execute the relevant legal entity strategy. Team Leadership: Manage 70+ staff within the relevant newly created team via team of senior managers. Risk Management: 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, and escalating control issues with transparency. Qualifications
Experience: 15+ years of relevant experience, including at least 10+ years in a strategic professional capacity within a finance function. Managerial Experience: 10+ years of full management experience, with significant experience leading large, global teams in a fast-moving and changing environment. Industry Experience: Wide and deep experience in a Finance function, preferably in a Markets environment, within the CFO / Controller function of significant, large Markets-based US Broker Dealers. Knowledge and Skills
Technical Knowledge: Strong understanding of key disciplines within Finance, specifically US GAAP, US regulatory and SEC Regulatory Reporting. Strong understanding of the Financial Reporting process (Supplement / 10K/Q and standalone legal entities) and the ability to apply correct controls to ensure accurate reporting. Strong understanding of PCAOB / AICPA practice and requirements Business Acumen: Deep understanding of the Markets Business, including the drivers of revenues and expenses for the Markets Business and US Broker Dealer Businesses. Communication Skills: Highly developed communication and stakeholder management skills with the ability to influence a wide range of audiences. This includes frequent interaction with senior internal leaders (Legal entity boards, Audit committees, CEOs) and external parties (KPMG Partners, senior Regulators). Education
Required: Bachelor's/University degree Preferred: CPA Accounting qualification/ master's degree. Regulatory Requirement: US Broker dealer Regulatory Qualifications would be a distinct advantage. The successful candidate will also become the CGMI CFO and will be required to study and pass the Financial and Operations Principal (Series 27) certification exams. Equality of opportunity: Citi is an equal opportunity employer. Qualified candidates will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by law. 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 Accessibility at Citi. View Citi’s EEO Policy Statement and the Know Your Rights poster.
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