The position within Controllers Reconciliation Utility,is responsible forreconciliation of Balance Sheet Accounts for specific business Segment. Role supports the respective reconciliation segment leadsin driving full compliance of the Balance Sheet Reconciliation and Substantiation Policy.
Responsibilities:
CORE FUNCTION
EnsureBalance Sheet accounts assigned have been reconciled in line with BSRS Policy and standard /desktop documented procedure
Ensure reconciliation performedmeet 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).
Where applicable, root cause/s of recurring exceptions should be determined and documented (working alongside the Account Owner and Exception Owner).
Obtain from Account owner and report the P&L at risk in eRecon including any operational reserves taken
Appropriate action plans in place to resolve exceptions are accurately reported in eRecon. Where applicable, escalations have been done in accordance with the Balance Sheet Escalation Protocol.
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.
Drive timely, complete and accurate attestation of all owned GL account keys in compliance with BSR&S Policy, reduce red account balances and any risk exposure
ENHANCING CONTROLS
Appropriately assess risk when business decisions are made, demonstratingparticular 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.
Active participation in global Internal Audits as well as KPMG audit engagements
Maintain appropriate documentation/controls to ensure the integrity of financial, regulatory and management information
Support creation of effective control environment to ensure adherence with all internal and external policies and procedures. Direct and coordinate audits and internal reviews
Drive zero tolerance culture on control breaches
Drive and coordinate remediation of all high and medium risk EUCs
Qualifications:
As a successful candidate, you’d ideally have the following skills and exposure:
The ideal candidate will have skill sets related to accounting, financial reporting and/ or product control.
Proficiency with MS Project and MS Office Suite
Financial management competencies
Demonstrated ability to manage in a complex and dynamic environment
Self-motivated with the ability to make decisions in the absence of detailed instructions
Ability to coordinate with team members in distributed geographic environments
Ability to work across functional areas
Education:
Bachelor's/University degree or equivalent experience
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