Fresh Jobs at Citi

Job Overview

• The Senior Exchange Control Specialist plays a critical role within the Exchange Control Unit, applying expert knowledge of SARB regulations, internal policies, and international best practices to ensure compliant and efficient exchange control operations. This role involves providing specialized guidance to client & internal stakeholders, managing complex regulatory submissions, and contributing to the unit's overall effectiveness.

Responsibilities:

• Act as a subject matter expert, providing in-depth guidance and assistance on complex exchange control matters to other Citibank N.A. South Africa Branch Departments and foreign correspondent banks
• Contribute significantly to the development, implementation, and maintenance of robust internal procedures and controls related to exchange control
• Support the Head of Unit in liaising with SARB, the Financial Surveillance Department, and other regulatory bodies, preparing necessary documentation and communications
• Provide expert knowledge and support to various business areas in preparing for Exchange Control inspections by the Financial Surveillance Department of the SA Reserve bank, offering specialized input to resolve issues
• Thoroughly review, validate, and recommend for authorization exchange control applications, exemptions, and reporting submissions, ensuring accuracy and compliance
• Actively participate in the testing of new systems or processes that may have an impact on Exchange Control execution, ensuring systems adequately address regulatory requirements
• Support the maintenance and further strengthening of relationships between Citibank N.A. South Africa Branch and the Financial Surveillance Department of the South African Reserve Bank to foster continued cooperation
• Represent the Exchange Control Unit at internal and external user groups and other forums pertaining to Exchange Control, as delegated by the Head of Unit
• Provide support and deliver training on Exchange Control matters to clients and other Citi Departments
• Proactively identify opportunities and recommend process improvements, automation, and digital initiatives to enhance exchange control operations

Qualifications:

• Reelvant experience in a related role
• Deep understanding of SARB Exchange Control Regulations and Financial Surveillance requirements
• Effective communication and analytical skills
• Demonstrated ability to engage effectively with stakeholder and provide guidance
• Expert level proficiency in Windows, MS Project, and MS Office Suite

Education:

• Bachelor’s/University degree or equivalent experience

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Job Overview

• The Head of Reporting/Controller role is responsible for managing the financial and regulatory reporting and the related controls and responsibilities include oversight and providing support to the relevant finance leads and team members.
• The purpose of the role is to manage and oversee the process regarding all reporting elements across finance and ensuring that strong controls are applied and implemented during the reporting processes, opportunities for process improvements are identified and implemented along the way.
• The Head of Reporting/Controller is also responsible for providing support to the CFO to protect the Franchise and to ensure Citi is appropriately managing financial and regulatory reporting risks and ensure appropriate controls and processes are in place.
• The position will have a high level of visibility within the organization with opportunities to work directly with other Finance and non-Finance functions throughout Citi, including the Businesses, Risk, Treasury, Financial Planning & Analysis, as well as Enterprise Technology, & Operations.

Responsibilities:

• Accountable for financial and regulatory reporting and the related controls.
• Contributes to the integrity and control of company’s financial books and records as well as the process by which these records are generated
• Ensures a strong control framework which supports financial and regulatory reporting and a robust MCA process
• Contribute to continuous strengthening of the independent controls and the control environment throughout the country to support the business in efforts to grow responsibly
• Drive that the proactive tracking of and remediation corrective actions for all control related issues identified
• Identifying areas where process improvements can be made to achieve efficiencies and a strong control environment;
• Support the improvement of data quality as it pertains to financial and regulatory reporting
• Support the CFO with ad-hoc requests
• Provide support (committee packs, analysis of information for business purposes) for various management committee meetings and external meetings, including ability to assist with chairing meetings where required
• Presenting at committees s where required
• Responsible for the external statutory audit process and manage audit engagements
• Ensure that all Internal/external audits are proactively managed, (preparation, planning, fieldwork and actions)
• Ensures that the local legal entities are in full compliance with the Legal Entity Standards Policy
• Manages a team of financial professionals
• Proactively manage the Citi Shared Services partners, working closely with Budapest Regulatory teams (Reg CSC) and the Finance and Risk Operations (FRO) to ensure timely accurate reporting process
• Participate in Regional/Cluster Finance initiatives and rollouts
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy.
• Applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these
• Working closely with business partners and risk functions and escalate control issues identified appropriately
• Provide support for the team during regulatory inquiries and examinations, providing accurate information and analysis to support regulatory reviews.
• Partner with senior stakeholders across the firm, including Risk, Finance, Audit to provide updates on regulatory developments and impact assessments.
• Work with peers and program leaders on the implementation of U.S. regulatory changes within the reporting framework.
• Partner with Risk & Controls team to maintain and enhance an effective internal control’s structure. 

Qualifications:

• +10 years of extensive experience within the banking and financial services industry.
• Intermediate to extensive knowledge of regulatory reports such as those mentioned above along with exposure to Basel III and IV regulations, IFRS Reporting and stress testing frameworks.
• Able to navigate through a large organization to streamline and summarize multiple information points and create repeatable processes to build consistency in presenting information.
• Exceptional oral and written communication skills, with ability to synthesize complex concepts, and influence change. 
• Strong technical problem-solving skills and an ability to identify conflicts, discrepancies and other issues and bring together the right team to solution them.
• Ability to manage competing priorities and tasks in a complex and dynamic and work well as part of a team.

Education:

• Chartered Accountant or equivalent
• Bachelor's/University degree in Finance, Accounting or related field; CA or MBA preferred.