Account Policy Senior Lead Analyst - SVP
CitiAbout the role
Role Introduction / Overview:
The Account Policy Senior Lead Analyst is a strategic professional who works in the Accounting Policy Group at Citi. The role ensures that Citi's business activities are in conformity with generally accepted accounting principles (GAAP) and IFRS (as relevant) and Citi’s accounting policies.
Business / Team Overview:
The Accounting Policy Group is focused on researching technical accounting matters for both internal and external clients under US GAAP and IFRS. Internal clients include the controllers group, financial reporting and various businesses (equity, fixed income and credit, commodities, Treasury Trade Solutions (TTS), corporate lending, investment banking, among others). External clients include treasury, finance and accounting executives at our corporate and financial institutions clients.
Some of the key responsibilities in the role:
- Working with a team of accounting experts that review and approve the accounting treatment for complex transactions, establish accounting policies in conjunction with peer policy staff, and are integral to preparing and assisting Controllers in connection with Citi’s financial statements. Prepare detailed documentation to support accounting conclusions of new/modified products and complex transactions.
- Leading and facilitating implementation efforts for new accounting standards for both US GAAP and IFRS
- Preparing and delivering presentations to facilitate firm-wide education of new or changing accounting requirements to ensure that management understands the impact of new standards and regulations.
- Reviewing and approving new products and structured transactions and participating in the New Activity Approval Process, thereby monitoring franchise risk for the firm.
- Interacting with accounting standard setters (for example, the Financial Accounting Standards Board and International Accounting Standards Board), banking regulators and participating on industry committees.
- Maintaining strong relationships with auditors and other external advisors.
- Prepare and present to Senior Management impacts of accounting standards, complex transactions.
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citi, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to policy, applying sound ethical judgement and escalating, managing and reporting control issues with transparency.
Development Value:
- The individual will be part of a Global Accounting Policy Team that reviews and considers the firm’s most significant accounting issues, and will be seen as a technical expert who acts as an advisor on significant business/product decisions.
- It is an opportunity to gain deep knowledge on technical accounting matters, banking products and the financial services industry.
What knowledge, skills and experience we’ll need from you:
- Senior to mid level years of experience
- Big 4 accounting firm financial services and/or national technical office experience or accounting policy or other technical accounting role at a financial institution is preferable
- Practical knowledge of IFRS and US GAAP, specifically in regards to financial instrument accounting;
- Excellent interpersonal and client service skills as well as having the ability to work closely with many different levels of management;
- Excellent research, analytical, organization, multi-tasking and drafting skills;
- Fast thinker/quick learner and possess the ability to work effectively in a rapidly changing environment in order to meet deadlines.
Qualifications:
- Bachelors/University degree
- CPA/CA or equivalent certification required
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Job Family Group:
Finance------------------------------------------------------
Job Family:
Accounting Policy------------------------------------------------------
Time Type:
Full time------------------------------------------------------
Citi is an equal opportunity and affirmative action employer.
Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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