AVP Balance Sheet Completeness Risk and Control Analyst

AVP Balance Sheet Completeness Risk and Control Analyst

Requirements

• 5-7 years experience
• Subject matter expertise in reconciliations and/or balance sheet is crucial
• Strong Microsoft Excel skills are required and crucial
• Strong written and verbal communication skills with all levels of staff are crucial
• Ability to consistently work to a high level of accuracy is crucial
• Strong analytical skills with the ability to recognize/identify key issues/implications/patterns

Responsibilities

• Partner with stakeholders to formalize and finalize associated requirements of the control framework implementation for the new scope. Work alongside project team to successfully roll out ARA expansion.
• Partner with stakeholders to establish Roles and Responsibilities and associated escalation governance across stakeholders.
• Contribute towards design of exception management and resolution processes for the new scope. Ensure appropriate documentation is in place and associated Standards of Procedures (SOP) are updated.
• Partner with teams to ensure appropriate balance sheet treatment and controls are in place across different balance sheet types (e.g., payable, receivable, suspense, bank cash etc.).
• Investigate and profile book-to-bank exceptions highlighted across ARA function into clear categories for appropriate risk identification.
• Update any incorrect or incomplete book-to-bank mappings in ARA to ensure accuracy and completeness of ARA.
• Establish and execute remediation process and steps for any out of balance cases.
• Apply knowledge of reconciliations and balance sheet substantiation process to suggest any resolution steps where applicable
• Influence decisions through advice, counsel and/or facilitating services to others in area of specialization.
• Escalate control gaps and issues appropriately and in a timely manner.
• Apply creative thinking, subject matter expertise and problem solution skills to re-mediate discrepancies by working individually, with the team or by partnering with other teams.
• Understand how areas collectively integrate within ARA as well as coordinate and contribute to the objectives of the function and overall business
• Develop and maintain effective relationships, and collaborate closely with key partners and stakeholders, such as, Bank Network Management, Global Reconciliation Utility, Finance, Balance Sheet Substantiation, and Operations/Business teams, to mention some.
• Prepare and maintain regular comprehensive reporting to management around progress, concerns and risks.
• View ARA from a bigger picture perspective and come up with any enhancements and/or fixes in the existing process to continuously improve upon completeness and accuracy, and to limit manual intervention that would otherwise be required.
• Provide value-added perspective or advice that contributes to the development of new techniques and change-the-bank initiatives.
• Work with Technology teams to ensure any enhancements are tested and released into production accordingly.
• Persuade and influence others through collaborative communication skills
• Acknowledge Citi’s principles and values of organizational culture and apply them in everyday work activities
• 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.
• Any other duties as required to meet business needs.

Preferred Qualifications

• Ability to work and communicate with the Tech teams for any enhancements and monitoring to completion is highly preferred
• Self-motivated with strong organizational and time management skills
• Demonstrates proactive mind-set, creative thinking with big-picture in mind
• Teamwork, “one-goal”, collaborative work skills