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FB&R Sub Ledger Process Manager SVP

Company: Citi
Location: Plant City
Posted on: January 20, 2023

Job Description:

The Financial Books & Records (FB&R) Transformation Initiative has been established under the wider Citi Finance Transformation and comprises three pillars - Accounting, Ledgers and Close, and associated global platforms, processes, and governance. The program includes standardizing and reducing risk across current FB&R processes and establishing the next iteration of ledger strategy to adopt and implement global standard SaaS/Cloud based accounting and ledger platforms (the "strategic ledger"). The outcome will be a robust global process, governance, and controls to ensure consistent and materially accurate, complete, and timely ledger data and results.

The Controller Transformation team, in partnership with Global Functions Technology, selected Oracle Cloud as the technology platform, after a rigorous technical and functional assessment of Citi's current ledger platforms against leading industry solutions. The new platform provides enhanced technical capability and supports our finance transformation strategy and realization of our Target Operating Model.

The program has established a Citi-wide governance and cross-functional team including Finance, Shared Services, Risk, Business and Technology partners. The scope of the program includes:

  • Centralizing and standardizing accounting into global accounting hubs and sub-ledgers
  • Implementing a standard sub ledger and general ledger for the firm
  • Replacing Citi's current Operating and Reporting ledgers, including those embedded in bank-in-a-box platforms such as Flexcube
  • Automating and streamlining accounting and ledger processes and controls
  • Addressing source data quality issues impacting ledgers in partnership with enterprise wide data priorities
  • Aligning contractual and instrument level balances and positions with financial balances
  • The FB&R Sub Ledger Process Manager Senior Vice President will be part of the overall FB&R Initiative.

    Key responsibilities will include:
    • Support the definition and execution of FB&R Instrument Sub-ledger strategy and related workstreams sub-ledger including operating model, process and controls
    • Work with existing sub-ledger platforms to identify key use cases and user stories for integration into strategic ledger and roadmap to decommission legacy capabilities and platforms.
    • Partner with Finance Data Initiative to coordinate alignment of FB&R Sub-ledger and Data transformation priorities.
    • Partner with Accounting Transformation director to coordinate alignment of Accounting Hub and sub-ledger functionality.
    • Working with Product Control, Financial Control and operational stakeholders to identify further transformation opportunities and MVPs.
    • Participate in strategic ledger governance and ensure alignment of workstream deliverables
    • Manage workstream intra- and inter-dependencies across business stakeholder groups
    • Represent workstream in key CO governance meetings including ICG,CGB, CAO and Finance forums.
    • Manage workstream level metrics and business cases including risk reduction and efficiency measures.
    • Support workstream communications, prepare and present FB&R updates to senior management forums.
      This is a high-profile role within Citi's Finance transformation, with a global scope, ideal candidates would have an in-depth knowledge of sub-ledger and accounting process. Experience should be gained through extensive experience in a senior Controller, Finance Transformation or technology role at Citi or a similar institution. The role holder will be expected to provide both strategic and operational thought leadership over the FB&R transformation with the ability to lead and influence a wide number of stakeholders, virtual and matrix teams at SVP (Senior Vice President) level.

      The ideal candidate will be highly motivated, team oriented, and a proactive problem solver. They will possess strong communication and interpersonal skills with the ability to synthesize and communicate complex information in a clear, concise manner to various levels of stakeholders including both end users and senior/executive leadership. They must feel comfortable navigating complex and ever-changing environments with the ability to educate and persuade senior stakeholders. They will possess the ability to drive change throughout a large, global organization.

      The role requires:
      • Detailed knowledge of Citi's business and products
      • Detailed understanding of accounting concepts, both US GAAP/IFRS
      • In depth Knowledge Oracle, SAP or similar ledger platforms including instrument sub-ledger capabilities (e.g. OFSAA, AHCS) and sub-ledger data, process and operational design.
      • Experience with operating model design and shared services methodologies
      • Strong network of senior finance, shared services and business/operations stakeholders, with the ability to influence senior Finance, Business and Operations senior management at MD level
      • Ability to partner with other functions to drive the design and implementation of new ledger Governance, processes and controls
      • A strong track record in driving global change within a finance function, with significant experience with process re-engineering / process improvement, design and implementation of finance processes.
      • Experience of agile / hybrid program methodologies, with track record of delivering in agile
      • Ability to communicate effectively, both written and verbal, across organizational levels, functions and regions
      • Understanding of the regulatory and control requirements around Citi's ledgers including ICOFR and SOX.
        Qualifications & Skills:
        • Bachelors' degree in Finance, Accounting, Business, Management or related field
        • Significant experience in Process re-engineering and current/target state process mapping
        • 10+ years of relevant work experience with global corporations and financial services experience gained in Banking or in an associated consulting role
        • 8+ years of experience in implementing Technology Enabled Transformation or Digital Transformations in the Financial Services industry
        • Proven track record of significant organizational transformations and SaaS enabled ERP transformations (Oracle, SAP, Workday)
        • 10+ years' experience in successfully managing complex projects and programs which include external suppliers through the full project lifecycle, from conception through rollout and ongoing support.
        • High proficiency with Microsoft Office Suite, particularly Excel for reporting and PowerPoint for presentation development Preferred:
          • Experience with SaaS enabled ERP transformations (Oracle, SAP, Workday)
          • Leadership Experience as a Process or Product Owner within a Chief Accounting Officer, Controllership and Finance Shared Services Organization is preferred.
          • Project Management certifications e.g., PMP (Project Management Professional), Agile Certifications or equivalent is a strong plus. Education:
            • Bachelors' degree in Finance, Accounting, Business, Management, Engineering, or related field is required We are currently working on a hybrid schedule consisting of 2-3 days in office and the remainder remote (specific details depend on location and business group). This is not a remote only role.

              Salary Ranges for Multiple Locations

              Tampa, FL: $136,700-$205,050

              NYC: $170,880-$256,320


              Job Family Group:

              Finance -

              Job Family:

              Fin Solutions Dsgn & Implement

              Time Type:

              Full time

              Primary Location:

              Tampa Florida United States

              Primary Location Salary Range:

              $131,450.00 - $197,170.00

              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.

              Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .

              View the " EEO is the Law " poster. View the EEO is the Law Supplement .

              View the EEO Policy Statement .

              View the Pay Transparency Posting


              Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citi, Lakeland , FB&R Sub Ledger Process Manager SVP, Executive , Plant City, Florida

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