Financial Reporting Analyst Financial Reporting Analyst …

Citi
in Budapest, Budapest fovaros, Hungary
Permanent, Full time
Be the first to apply
Competitive
Citi
in Budapest, Budapest fovaros, Hungary
Permanent, Full time
Be the first to apply
Competitive
Financial Reporting Analyst
  • Primary Location: Hungary,Budapest,Budapest
  • Education: Bachelor's Degree
  • Job Function: Finance
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: No
  • Job ID: 19028145


Description

Job Purpose:

Citi as the leading global bank is present in 100+ countries, 55 of which are in EMEA.  In each of these countries the Central Banks and other financial regulatory bodies require the timely and accurate reporting of key monetary statistics.  It requires a team of dedicated professionals, with knowledge base in accounting, financial products and banking to be able to fulfill this requirement.

The Financial Reporting Analyst will be responsible for the preparation of daily, weekly, monthly and quarterly returns, which detail important aspects of the bank's financials and therefore provide an invaluable source of information to the Regulator and other policymakers.

The Financial Reporting Analyst will liaise with several departments outside of Finance, most of them located overseas, thereby gaining exposure to a broad range of international stakeholders.

Job Background:

The Department
EMEA Regulatory Reporting Citi Service Centre (CsC) in Budapest is a key part of the Finance function.  It is Citi's pioneering centre on a global scale where local regulatory reporting professionals work together in a central location, to ensure consistent quality of local regulatory reporting across multiple jurisdictions and legal vehicles.

The CSC is organized into 6 groups based upon  reporting type and function:

- Credit Risk reporting team covers Basel2/3 Credit Risk monitoring and reporting (including Counterparty Credit Risk and Large Exposures)
- Market Risk reporting team covers Basel2/3 Market Risk processes (including Value at Risk and Standard Model approaches)
- Statistical Reporting team covers Central Bank reporting for key monetary statistics, based on which important monetary policy decisions are made 
- By-desk and Advisory team monitors the desks' capital usage versus the assigned targets and support in Advisory related daily tasks 
- Controls and Standardisation team ensures consistency of controls across the above areas
- Reginsight implementation team responsible for new systems implementation

The department's role encompasses the identification of exposures, calculation of the Regulatory Capital Requirements and production of analysis covering liquidity, credit risk and market risk and statistical reporting for regulated legal vehicles in EMEA.  

Members of the CSC always strive to improve processes and strengthen the control environment, while continuing to make Citi a great place to work 

Key Responsibilities:

• Production & delivery of daily, monthly & quarterly regulatory returns and monitoring reports
• Maintenance and further development of controls & reports including reconciliations, static data & variance analysis 
• Ongoing review and development of current processes to increase efficiency
• Liaising with multiple departments of the covered countries (including Financial Control, Treasury, Risk Departments) to resolve issues
• Provide support to country Finance teams on an ad-hoc basis (e.g. audits, regulatory inquiries)
• Check and ensure that procedures and policies are applied to adequately cover rules and regulations
• Participate in future process migrations from new countries
• Support the work of the Financial Reporting Manager by executing further relevant tasks he/she allocates
• Participation in efficiency and innovation projects on adhoc basis by reviewing and developing current processes and enhancing controls.
• The Financial Reporting Analyst will be involved in new system implementations and will work with Technology on enhancements to existing systems

Development Value:

• Working with people from different functions, countries, and backgrounds.
• Opportunities to gain a thorough knowledge of several Finance processes
• Gaining a better understanding of banking products
• Obtaining and enhancing knowledge regarding specific regulatory rules in an EMEA country (or multiple EMEA countries)
• Dynamic team environment

Qualifications

Knowledge and Experience:

• Prior experience in a regulatory or risk reporting role is an advantage
• Accounting and/or Financial reporting experience
• Advanced MS Excel and Access knowledge
• Fluent English knowledge
• Knowledge of an additional EMEA language is an advantage

Skills:

• Strong planning & organisational skills
• Excellent analytical skills
• Should be creative, proactive and flexible 
• Has to have excellent ability to pay attention to details and work under pressure
• Time management

Qualifications: 

• University / College degree in finance / accounting
• Work experience in financial reporting / auditing roles
• Knowledge of capital and financial market products and Basel II/III are an advantage

Competencies:

• Highly motivated with advanced analytical & problem solving abilities 
• Ability to interpret & implement regulatory guidelines & professional standards
• Demonstrated ability to complete tasks within tight deadlines 
• Enthusiastic team player 
• Professional communication & interpersonal skills
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