Vice President - Books and Records (Market Operations) at Citi

Pune, maharashtra, India -

Full Time

Start Date

Immediate

Expiry Date

11 Apr, 26

Salary

0.0

Posted On

11 Jan, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Accounting, Books And Records Management, Leadership, Communication Skills, Problem Solving, Operational Controls, Metrics Monitoring, Risk Management, Process Improvement, Collaboration, Data Analysis, Stakeholder Engagement, Technology Integration, Account Reconciliation, Regulatory Compliance, Strategic Planning

Industry

Financial Services

Description

Lead and Oversee: Partner with Line Operations teams to ensure all the correct metrics and controls are in place, with regular reviews to ensure monitoring remains relevant and effective Work with Finance colleagues to ensure that balance sheet substantiation is complete and that controls are designed effectively Partner closely with Business partners and Transformation teams on new initiatives/projects to ensure that financial controls are robustly considered and implemented Oversee and co-ordinate all account owner activity across Markets Operations. Includes but not limited to: Understand and maintain Operations chart of accounts Set a framework to ensure consistent roles and responsibilities for all Markets Ops staff as it pertains to how we control our account population and reconciliations requirements Work with Markets Ops global functional managers to understand reasons for exceptions and breaks, ensuring issues are escalated timely, fixed at the root cause and look across for similar themes Ensure well defined and documented processes are in place for reserve calculations across Markets Operations. Identify opportunities to reduce aged exceptions to reduce reserves Review account ownership to ensure that the proofing processes are standard in their application and where relevant centralize these processes to drive efficiencies Partnership with other functions to support a strong end to end control environment: Work with Finance and Operations Risk & Control to ensure Markets Operations are compliant with relevant policies and standards Partner with Balance Sheet Control and risk reporting to support accurate and timely exceptions reporting Work with Front office to ensure upstream data and processes are understood and robust so as to prevent downstream issues from occurring Work with counterparts across the Centralized Operations team to promote consistency and common standards Drive progress on areas of improvement: Work with Technology and internal partners to build a standard mechanism to accrue for and then pay/receive interest between internal desks/accounts across all products in Markets Implement best practices to ensure reconciliations are correctly designed and compliant with relevant standards and controls Promote development and retention of account and reconciliation SME's across the group Strengthen issue management processes, ensure emerging risks are correctly escalated with the appropriate level of urgency Lead and oversee Markets Operations' involvement in firm-wide programs related to accounting and book and records matters (e.g. Strategic Ledger). Represent Markets Operations at firmwide governance forums such as the Enterprise Design Authority. 10 to 12+ years relevant experience Strong command of financial accounting and the operational aspects of books and records management Experience as finance professional / background / degree and working experience in Technology creating products set up, UAT working with Finance / Market Ops people and understanding of products will be valuable Consistently reads different situations accurately and takes appropriate action to gain senior colleague/ client commitment. Strong Leadership skills-Operates as a leader. Serves as a point of escalation for key issues or time sensitive decisions. Ability to respond to challenges with creative solutions, adapts to changing business needs. Demonstrated ability to make sound judgment calls on issues that can be both quantitative and qualitative in nature. Excellent Communications skills verbal & written. Active listening skills. Bachelor's/University degree, Master's degree preferred Should be amendable to working on UK shifts

Responsibilities

Lead and oversee the partnership with Line Operations teams to ensure metrics and controls are effective. Coordinate account owner activity across Markets Operations and ensure compliance with financial controls.