Full-Time

Strategic Ledger Implementation in Reconciliations Lead

Confirmed live in the last 24 hours

Citigroup

Citigroup

10,001+ employees

Global financial services and banking solutions

Fintech
Social Impact
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 wide range of financial services, including consumer banking, corporate and investment banking, and wealth management, to clients around the world. Its services include loans, credit products, securities brokerage, and asset management, catering to individual consumers, businesses, and government entities. Citigroup operates in over 160 countries, utilizing its extensive global network and technology to offer efficient financial solutions. Unlike many competitors, Citigroup emphasizes its commitment to sustainability and social responsibility through significant investments in environmental, social, and governance initiatives. The company's goal is to facilitate international trade and investment while managing financial assets and providing liquidity in the global financial system.

Company Stage

N/A

Total Funding

$59.8M

Headquarters

Tel Aviv-Yafo, Israel

Founded

N/A

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Simplify's Take

What believers are saying

  • Citi's involvement in significant financial deals, such as the $41 million debt facility with Buyerlink, showcases its strong market presence and financial influence.
  • The company's focus on ESG initiatives aligns with growing global trends towards sustainability, potentially attracting more clients and investors.
  • Citi's technological innovations enhance its service delivery, offering employees opportunities to work with cutting-edge financial technologies.

What critics are saying

  • Operating in a highly competitive financial services market, Citi faces constant pressure to innovate and maintain its market share.
  • Global economic fluctuations and regulatory changes can impact Citi's operations and profitability, posing challenges for employees.

What makes Citigroup unique

  • Citi's extensive global network across 160 countries provides unparalleled access to cross-border financial services, setting it apart from regional competitors.
  • The company's commitment to ESG initiatives and technological innovation positions it as a forward-thinking leader in the financial services industry.
  • Citi's diverse range of services, from consumer banking to investment banking and wealth management, allows it to cater to a wide array of clients, unlike more specialized financial institutions.

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