Full-Time

Strategic Ledger Implementation in Reconciliations Lead

Posted on 11/25/2024

Citigroup

Citigroup

10,001+ employees

Global financial services and banking solutions

Fintech
Financial Services

Mid, Senior

London, UK

Hybrid working model allows up to 2 days working from home per week.

Category
Quality Control & Compliance
Supply Chain Management
Operations & Logistics
Required Skills
Data Analysis
Excel/Numbers/Sheets
PowerPoint/Keynote/Slides
Requirements
  • Strong understanding (Subject Matter Expertise) of reconciliations and ledger/balance sheet processes is required
  • Business analysis skillset is important
  • Experience in ledger migration efforts in particular is beneficial
  • Experience and understanding of end-to-end flows across settlement processes within operations functions is very beneficial or ability to visualize it on a page
  • Project management skills are beneficial
  • Strong Microsoft Excel and PowerPoint skills are required
  • Ability to consistently work to a high level of accuracy is crucial
  • Strong analytical skills with the ability to recognize key issues / implications and to escalate in a timely manner are critical
  • Experience in Change Management or equivalent functions
  • Self-motivated and proactive with strong organizational and time management skills
  • Strong verbal and written communication skills are critical
Responsibilities
  • Perform impact assessment of the Finance’s Strategic Ledger migration on reconciliations and associated Balance Sheet and Control functions (such as, balance sheet completeness controls and Balance Sheet Exception Reporting (BSER).
  • Partner with GRU’s stakeholders across Operations and Finance, among others.
  • Perform data analysis ensuring completeness of the impacted scope.
  • Map out process/transaction flows end-to-end with the migration impact assessment as the target.
  • Work closely with reconciliation production support (i.e., Run The Bank) teams to ensure all requirements are captured and met to ensure reconciliations maintain their integrity.
  • Prepare and document requirements, communicate them to Strategic Ledger Program for incorporation. Ensure requirements are met or an acceptable alternative is in place.
  • Oversee and participate in testing of the implementation.
  • Track and report progress updates and ensure clear and concise metrics are prepared and communicated to management internally and externally. Oversee appropriate reporting is prepared associated with escalations and status updates on different frequency basis.
  • Ensure issues are reported, profiled, and escalated appropriately.
  • Manage project milestones with the associated business goals. Organize tasks and deliverables accordingly.
  • Act as a Subject Matter Expert (SME) representative of reconciliations and provide guidance and support to the respective stakeholders and the team internally.
  • Participate, contribute and drive strategic efforts of the team to drive improvements and reduction of Manual Touch Points in the processes.
  • Apply knowledge of reconciliations and balance sheet substantiation process to suggest any resolution steps where applicable.

Citigroup provides a variety of financial services to individuals, businesses, and governments around the world. Its offerings include consumer banking, credit services, corporate and investment banking, securities brokerage, and wealth management. The company operates in over 160 countries, allowing it to facilitate cross-border transactions and serve a diverse clientele. Citigroup's products work by leveraging its extensive global network and technology to provide efficient banking solutions, generating revenue through interest on loans, service fees, trading, and investment management. What sets Citigroup apart from its competitors is its strong focus on sustainability and social responsibility, as demonstrated by its investments in environmental, social, and governance (ESG) initiatives. The company's goal is to create a positive financial and social impact while ensuring growth and profitability.

Company Stage

IPO

Total Funding

$59.8M

Headquarters

New York City, New York

Founded

1812

Growth & Insights
Headcount

6 month growth

12%

1 year growth

12%

2 year growth

1%
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Simplify's Take

What believers are saying

  • Citi's investment in Pylon enhances access to institutional-grade mortgage products.
  • The €410 million investment in SeQura supports international market expansion.
  • Citi strengthens SME lending with a £200 million debt funding package for iwoca.

What critics are saying

  • Increased competition from fintechs like Pylon may lead to market cannibalization.
  • SeQura's expansion may not meet expectations, affecting Citi's returns.
  • Citi's large debt funding packages increase exposure to credit risk.

What makes Citigroup unique

  • Citi operates in over 160 countries, offering a vast global network.
  • The company integrates technological innovations for seamless banking solutions.
  • Citi's commitment to ESG initiatives sets it apart in sustainability efforts.

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