Finance Regulatory Reporting Specialist
7 days ago
About the Job:
\Citigroup Inc. is a leading global bank with operations in over 100 countries across the globe. Our presence in 16 Asian countries has led to a significant need for timely and accurate reporting of prudential requirements and other monetary statistics to respective regulatory bodies.
In order to meet this evolving regulatory reporting need, we have rolled out RegInsight, a standardized and automated approach for Local Regulatory Reporting (LRR). This initiative aims to implement RegInsight in all our Asian countries, with some already in implementation phase and others following suit.
We are seeking a highly skilled and experienced individual to join our Centralized Team in Asia, which will be responsible for supporting country programs and reporting processes. As part of this team, you will work closely with representatives from various Asian countries, including Australia, Hong Kong, Singapore, and India, to ensure compliance with local regulatory requirements.
Key Responsibilities:
\- Translate and interpret local regulatory report requirements into actionable steps, collaborating closely with Finance SMEs and Technology Colleagues.
- Develop decomposed local regulatory report forms/schedules to identify critical information/data and its expected values.
- Collaborate with multiple functions like country Finance, FRSS, and Global Data Services teams to discuss documentation on data sourcing from central databases.
Requirements Phase Objectives:
\- Deliver mapping (rules) design, documentation, writing, and review in accordance with identified requirements.
Testing Phase Goals:
\- Conduct data quality reviews of identified data in partnership with other work streams in the Centralized Team.
- Complete UAT and Parallel Testing through Test Scripts in partnership with other work streams in the Centralized Team.
Additional Responsibilities:
\- Support RegInsight LRR change management activities, requirements tracing, and rules governance.
- Lead/participate in other transformation initiatives to support Finance's journey to become Best-in-Class Finance.
Why Join Us:
\- Opportunity to work with diverse people from different functions and countries.
- Gain thorough knowledge of finance processes and enhance banking product understanding.
- Obtain and enhance knowledge about specific regulatory rules in various Asian countries.
Qualifications:
\- 7-9 years of experience in accounting (IFRS, Local or US GAAP) financial reporting/auditing role.
- Regulatory Reporting experience, Production or Implementation highly advantageous.
- Basel 2/Basel 3 reporting experience highly advantageous.
- Prior experience in IT projects for reporting an advantage.
- Basic Oracle/SQL/MS-Access knowledge.
- Advanced MS Excel knowledge.
- Fluent English.
Preferred Qualifications:
\- University/College degree in finance/accounting/IT.
- CPA is advantageous.
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