Regulatory Reporting Group Manager

Join our expanding Citi Finance Team in Budapest and make your own progress in a supportive and friendly environment!

We are a people-oriented organization that appreciates and promotes personal and professional aspirations. Our corporate culture is empathic: we acknowledge life-work balance throughout your career path.

Regulatory Reporting Group Manager

Local Regulatory Reporting Citi Solutions Centre (CSC) in Budapest is a key part of the Finance function. It is Citi’s pioneering centre on a global scale where local regulatory reporting professionals work together in a central location, to ensure consistent quality of local regulatory reporting across multiple jurisdictions and legal vehicles. The department’s role encompasses from end to end the reporting processes centralized in the CSC for regulated legal vehicles in the Citi Banking and International Domain. Members of the CSC always strive to improve processes and strengthen the control environment, while continuing to make Citi a great place to work.

Responsibilities:

• Analyse existing and new EU and UK Statutory Accounting, Capital Requirement, IFRS, RDARR, local financial regulatory reporting requirements in the context of Citi implementation, system functionality needed and preparing the pertaining comprehensive business requirements documentation.
• Analyse existing regulatory reporting processes and solutions.
• Analyse financial reporting data flow and data governance processes and solutions. Implement RDARR principles and rules in the financial reporting processes.
• Understand and analyse Citi Global Financial and Capital reporting processes, systems used, and controls applied. Analyse gap between global and local requirements, propose solutions to fill the gap.
• Prepare Financial and Regulatory reports and/or check (based on 4 eyes principles) financial and regulatory reports.
• Perform data quality remediation activities.
• Execute user testing cycles.
• Prepare documentation of new processes and user guides for new systems and maintains these documents.
• Liaise with multiple departments at Global, International and Legal Entity level at various levels of seniority to resolve issues.
• Own efficiency, data governance, system development initiatives, projects and deliver with full accountability.
• In case of system development initiatives, ensure a sound change management process is in place and adhered to while proactively and effectively collaborating with stakeholders across Finance and Technology to achieve the targeted system development outcomes.
• Maintain a culture of transparency and effective escalation, with special regards to regulator or technology mandated projects.
• Provide support to CSC and country Finance teams on an ad-hoc basis (e.g. audits, regulatory inquiries).

Ideal background:

• 6-8 years of experience in financial or risk regulatory reporting or system implementation roles
• University/College degree in Finance/Accounting/Mathematics/Economics / Computer Sciences
• Excellent verbal and written English
• Strong analytical and communication skills
• Excellent interpersonal skills, able to deal with a range of senior/junior staff across a number of disciplines
• Familiarity with COREP, Basel capital guidelines and capital markets is an advantage
• Knowledge of the software development lifecycle is an advantage
• Ability to pay attention to details and work to defined deadlines
• Advanced MS Excel knowledge, familiarity with advanced data tools (e.g. Python, KNIME, SQL etc.) is an advantage. Training will be provided on other in house and industry standard systems used within this position.
• Self developed AI knowledge is an advantage (e.g. Copilot)

Benefits

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• Cafeteria Program

• Home Office Allowance (for colleagues working in hybrid work model)

• Paid Parental Leave Program (maternity and paternity leave)

• Private Medical Care Program and onsite medical rooms at our offices

• Pension Plan Contribution to voluntary pension fund

• Group Life Insurance

• Employee Assistance Program

• Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed

• Flexible work arrangements to support you in managing work - life balance

• Career progression opportunities across geographies and business lines

• Socially active employee communities with diverse networking opportunities

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

#LI-LF1

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Job Family Group:

Finance

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Job Family:

Regulatory Reporting

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Time Type:

Full time

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Primary Location Full Time Salary Range:

20 172 680,00 Ft - 33 822 720,00 Ft

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Most Relevant Skills

Business Acumen, Change Management, Communication, Data Analysis, Financial Acumen, Internal Controls, Issue Management, Problem Solving, Regulatory Reporting.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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Automated Processing and AI

We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.

Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision-making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.

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This job opening is for an existing job vacancy.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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 Citi’s EEO Policy Statement and the Know Your Rights poster.