Director - Credit Controllers

The Credit Controller Lead is a senior role within the USPB & Credit Controllers Organization that will report to the USPB & Credit Controller.

The role will closely partner with the Risk organization and govern and control the key credit reserve policies, methodologies, procedures, and calculations, relating to CECL and IFRS9 credit reserves, with a primary focus on accounting and disclosure-related matters. In addition, the role will evaluate the appropriateness, adequacy of, and justification for, the credit reserves as well as the sufficiency of the documentation including review and challenge of firm-wide consolidated credit reserves.

The job requires a broad and comprehensive understanding of accounting, disclosure, and controls framework for matters related to Credit Reserving. This includes a strong knowledge of accounting standards such as CECL and IFRS 9, experience reviewing and challenging macroeconomic forecasts. The individual should have excellent judgment, communication, and team management skills in order to influence a wide range of stakeholders to drive results in the group.

Responsibilities:

• Defines, implements, and monitors financial and accounting policies and controls for Citi`s Credit Reserving processes to ensure they are aligned with relevant accounting standards and Citi`s Credit policies and procedures.
• Applies a broad and comprehensive understanding of accounting standards such as CECL, different finance systems, theories and practices.
• Collaborates with various Controller teams for validating final allowances for credit losses and provisions for credit losses reported information in the general ledgers
• Ensure appropriate external 10-K and 10-Q disclosures relating to the quarterly reserve credit loss amounts.
• Contributes to the integrity and control of company’s financial books and records as well as the process by which these records are generated.
• Plays an integral part in designing, executing, and enhancing quarterly review and close procedures to ensure consistent and accurate information is provided to all stakeholders.
• Manage relationship with external and internal auditors and accounting policy on Credit related matters.
• Responsible for strengthening the independent controls and the control environment throughout the company and partners with the Risk Organization to enhance firm-wide credit controls and processes.
• Integrates a thorough understanding of the strategic direction within the business with a solid conceptual/practical grounding in industry financial practices.

Qualifications:

• 10+ years relevant experience
• Bachelors/University degree, Master’s degree/CFA/CPA preferred, managerial experience
• Advanced level of accounting knowledge and experience with the CECL accounting standard.
• Strong leadership and personnel management skills.
• Able to analyze and think through highly complex issues.
• Growth mindset and ability to innovate and champion progress for efficiency and productivity.
• Sound judgment to weigh issues in a balanced manner and make reasonable decisions.
• Sense of urgency in implementing processes and controls and evaluating priorities; decisive, action-oriented and practical.
• Ability to align cross functional teams and resources to drive overall strategy.
• Highly motivated and goal-oriented with ability to lead in a professional and challenging environment and deliver results against fast-paced deliverable deadlines.
• Demonstrated ability to manage multiple priorities under demanding time frames and respond appropriately and competently to the demands of work challenges when confronted with changes, ambiguity, adversity, and other pressures.
• Flexibility to work under pressure to meet changing work requirements and strict deadlines.
• Outstanding presentation, communication, interpersonal and coaching skills. Ability to work with different levels of management.
• Ability to develop effective and productive working relationships with a wide range of groups across Citi as well as external auditors and regulators.
• Strong strategic thinking skills.
• Digital savvy

Education:

• Bachelors/University degree, Master’s degree/CFA/CPA preferred, managerial experience

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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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