Accountant, Local Regulatory Reporting (Bank Chain)


POSITION SUMMARY

This is a team member role within the Local Regulatory Reporting (LRR) team. Primary responsibilities include obtaining and managing relevant data and information needs, preparing and submitting Local Regulatory Reports (LRRs) to regulators for legal entities in the Bank Chain that are timely, accurate, and in accordance with local regulatory reporting requirements, and the daily monitoring of large exposures. The role also supports implementing changes to LRRs as required by regulators, compliance with internal policies related to reporting activities, interpreting developments in regulatory capital and regulatory reporting requirements, assisting with preparation of IFRS financial statements lodged with ASIC, and other ad-hoc projects.

OVERALL PURPOSE / BACKGROUND

The LRR team is responsible for preparation and submission of most Local Regulatory Reports (LRRs), and local (IFRS) financial statements for the local Citi franchise, to the Australian and New Zealand regulators, e.g. APRA, ASX, ASIC, RBA, ABS, RBNZ and NZCO.

The team covers ~200 types of LRRs (1,300+ submissions and monitoring activities per year) across five main operating entities and other ancillary entities. These are distinguished between Broker-Dealer (CGM), and Bank Chain activities – comprising Institutional Clients (“ICG”) and Consumer (“GCB”). Most activities are conducted in separate entities with individual reporting requirements.

This team also has a close relationship with internal and external auditors, and several securitisation trusts used for funding purposes.

The main Bank Chain operating entities are Citigroup Pty Ltd (CPL), Citibank NA Sydney Branch (CBNA), Citibank NA New Zealand Branch (CBNZ) and Diners Club Pty Ltd (Diners). The Broker-Dealer operating entity is Citigroup Australia Global Markets (CGMA).

KEY ACCOUNTABILITIES

  • Preparation and lodgement of monthly, quarterly and annual regulatory reports to Australian and NZ regulators, timely, in accordance with internal and external requirements
  • Preparation of Daily APRA Large Exposure reporting for CPL
  • Conducting variance analysis and responding to APRA queries on trends or changes
  • Monitoring and adapting to changes in reporting guidelines and regulations  
  • Assisting in regulatory and capital projects and other key financial initiatives
  • Assisting prepare audited annual financial statements for local operating entities
  • Supporting continuous improvement of processes, procedures and documentation
  • Assist with the activities of the LRRGC committee and regional reporting
  • Assist with local external audit planning, execution, and delivery
  • Assist with assessing accounting policy, US GAAP / IFRS differences
  • Assist with reviewing regulatory, financial, and other reporting for securitisation trusts

 KEY COMPETENCIES / SKILLS /EXPERIENCE

  • Strong experience in APRA regulatory reporting and Prudential Standards, with a sound background in retail and institutional banking products and services
  • Strong stakeholder management skills
  • Resilience, ability to work under pressure to meet tight deadlines, and managing priorities
  • Strong ability to work both independently, while also being a proactive team contributor
  • Flexible, motivated and enthusiastic approach
  • Excellent written and verbal communication skills
  • Ability to learn new financial systems quickly
  • High attention to detail and interpretive ability
  • Strong Excel skills

QUALIFICATIONS REQUIRED

  • Commerce / Business Degree (e.g. major in accounting or finance)
  • Qualified CA/ CPA with minimum 3+ years PQE experience

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Job Family Group:

Finance

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Job Family:

Financial Reporting

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Time Type:

Full time

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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


POSITION SUMMARY

This is a team member role within the Local Regulatory Reporting (LRR) team. Primary responsibilities include obtaining and managing relevant data and information needs, preparing and submitting Local Regulatory Reports (LRRs) to regulators for legal entities in the Bank Chain that are timely, accurate, and in accordance with local regulatory reporting requirements, and the daily monitoring of large exposures. The role also supports implementing changes to LRRs as required by regulators, compliance with internal policies related to reporting activities, interpreting developments in regulatory capital and regulatory reporting requirements, assisting with preparation of IFRS financial statements lodged with ASIC, and other ad-hoc projects.

OVERALL PURPOSE / BACKGROUND

The LRR team is responsible for preparation and submission of most Local Regulatory Reports (LRRs), and local (IFRS) financial statements for the local Citi franchise, to the Australian and New Zealand regulators, e.g. APRA, ASX, ASIC, RBA, ABS, RBNZ and NZCO.

The team covers ~200 types of LRRs (1,300+ submissions and monitoring activities per year) across five main operating entities and other ancillary entities. These are distinguished between Broker-Dealer (CGM), and Bank Chain activities – comprising Institutional Clients (“ICG”) and Consumer (“GCB”). Most activities are conducted in separate entities with individual reporting requirements.

This team also has a close relationship with internal and external auditors, and several securitisation trusts used for funding purposes.

The main Bank Chain operating entities are Citigroup Pty Ltd (CPL), Citibank NA Sydney Branch (CBNA), Citibank NA New Zealand Branch (CBNZ) and Diners Club Pty Ltd (Diners). The Broker-Dealer operating entity is Citigroup Australia Global Markets (CGMA).

KEY ACCOUNTABILITIES

  • Preparation and lodgement of monthly, quarterly and annual regulatory reports to Australian and NZ regulators, timely, in accordance with internal and external requirements
  • Preparation of Daily APRA Large Exposure reporting for CPL
  • Conducting variance analysis and responding to APRA queries on trends or changes
  • Monitoring and adapting to changes in reporting guidelines and regulations  
  • Assisting in regulatory and capital projects and other key financial initiatives
  • Assisting prepare audited annual financial statements for local operating entities
  • Supporting continuous improvement of processes, procedures and documentation
  • Assist with the activities of the LRRGC committee and regional reporting
  • Assist with local external audit planning, execution, and delivery
  • Assist with assessing accounting policy, US GAAP / IFRS differences
  • Assist with reviewing regulatory, financial, and other reporting for securitisation trusts

 KEY COMPETENCIES / SKILLS /EXPERIENCE

  • Strong experience in APRA regulatory reporting and Prudential Standards, with a sound background in retail and institutional banking products and services
  • Strong stakeholder management skills
  • Resilience, ability to work under pressure to meet tight deadlines, and managing priorities
  • Strong ability to work both independently, while also being a proactive team contributor
  • Flexible, motivated and enthusiastic approach
  • Excellent written and verbal communication skills
  • Ability to learn new financial systems quickly
  • High attention to detail and interpretive ability
  • Strong Excel skills

QUALIFICATIONS REQUIRED

  • Commerce / Business Degree (e.g. major in accounting or finance)
  • Qualified CA/ CPA with minimum 3+ years PQE experience

-------------------------------------------------

Job Family Group:

Finance

-------------------------------------------------

Job Family:

Financial Reporting

------------------------------------------------------

Time Type:

Full time

------------------------------------------------------

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

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