Job Background andPurpose :
Citi as the leading global bank is present in 100+ countries, 16 of which are in Asia. In each of these countries the Central Banks and other financial regulatory bodies require the timely and accurate reporting of prudential requirements and other monetary statistics.
The Citi global platform, RegInsight, together with standard data stores helps meet the evolving regulatory reporting needs
Citi in Asia is rolling out RegInsight for Local Regulatory Reporting ( LRR ) using a standardized and automated approach.
A few Asia countries have started to implement RegInsight and more countries will follow in the years ahead
In order to execute the implementation programs in a more efficient manner, Citi is setting up a centralized team in Asia to support the Asia country programs and the reporting processes.
The centralized team members will be mostly based in Manila, which is one of the strategic sites of Citi Finance for US Reporting, and will work closely with representatives in the Asia countries such as Australia, Hong Kong, Singapore and India in meeting the countries’ reporting obligations to their specific regulators
Key Responsibilities ofthe Defects / Issue Management Lead :
Leading, tracking and driving the progress of the resolution of Issues and defects in the program.
Monitoring effort and deliverables to ensure the work stream delivers according to milestones.
Organizing and leading regular discussions with the relevant business, finance, technology and operational groups as required by the work stream of the program
Assist in the creation of presentations to the program Steering Committees and other governance committees for reporting project progress and escalating issues
Working closely with country Finance, Risk, Development teams, Data Center teams, Operations teams to identify and resolve project dependencies and risks
Support RequirementsTeam to :
Understand and translate Asia local regulatory report requirements and its interpretation while identifying commonality and standards for classification in liaison with Finance SMEs and Technology Colleagues.
Deliver decomposed local regulatory report forms / schedule to identify critical information / data and its expected values.
Submit and discuss documentation to source data from a central database, specifying the actual requirement, expected values, and checks required for the data to be consumed.
Clearly discuss requirements on data issues by interacting with multiple functions like country Finance, FRSS and Global Data Services teams.
Support RulesDevelopment Workstream to :
Deliver Mapping (Rules) Design, Documentation, Writing, and Review in accordance with identified requirements.
Support Testing Workstreamto :
Deliver Data Quality review of identified data in partnership with other work streams in the Centralized Team.
Complete UAT and Parallel Testing through Test Scripts in partnership with other work streams in the Centralized Team.
Support RegInsight LRR change management activities, requirements tracing and rules governance
Lead / participate in other transformation initiatives to support Finance’s journey to become Best-in-Class Finance.
Development Value :
Opportunity to work with people from different functions and different countries.
Opportunity to gain thorough knowledge of Finance processes
Enhance knowledge about banking products and their accounting / reporting rules
Obtain and enhance knowledge regarding specific regulatory rules in different Asia countries
Knowledge andExperience :
10+years background in transformation projects (preferably related to financial / regulatory reporting)
Prior experience in financial sector is an advantage
High caliber person having strong analytical skills
Ability to engage with senior management
Basel 2 / Basel 3 reporting experience highly advantageous
Prior experience in IT projects for reporting is an advantage
Basic Oracle / SQL / MS-Access knowledge
Advanced MS Excel knowledge
Strong planning & organizational skills
Efficient and effective time management
Strong interpersonal skills and ability to work with multiple functions
Excellent analytical skills
University / College degree in finance / accounting / IT
CPA is advantageous
Goal oriented, highly motivated with analytical & problem solving abilities
Ability to interpret & implement regulatory guidelines & professional standards
Needs to have excellent ability to pay attention to details and handle large volume of data
Able to work under pressure in different locations and in virtual teams to meet tight deadlines.
Demonstrated ability to supervise / motivate other team members and through influencing skills to improve relationship with seniors and peers.
Creative, proactive and flexible
Enthusiastic team player
Preferred / Optional :
Ability to apply ETL (Enhance, Transform, Load) techniques to transform data into usable format for consumption
Hands on project management experience
Yes, 10 % of the Time