Citi Financial Reporting Sr .Analyst - Market Risk in Budapest, Hungary

  • Primary Location: Hungary,Budapest,Budapest

  • Education: Bachelor's Degree

  • Job Function: Finance

  • Schedule: Full-time

  • Shift: Day Job

  • Employee Status: Regular

  • Travel Time: No

  • Job ID: 17039577

Description

Job Purpose:

Financial Reporting Senior Analyst specialised in Market Risk reporting under Basel2/3. Responsible for the preparation of Market Risk related financial returns for select EMEA legal entities within Citigroup.

The Market Risk Reporting Analyst will monitor and analyse the capital requirements generated by various products transacted in the Trading Books of prudentially regulated Citi EMEA entities. These include equity and debt securities, commodities, foreign exchange and various derivatives of the above, including exchange traded and OTC products.

The Senior Analyst will liaise with several departments outside of Finance, most of them located overseas, thereby gaining exposure to a broad range of international stakeholders.

Job Background:

The Department

EMEA Regulatory Reporting Citi Service 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 CsC is organized into 5 groups based upon reporting type and function:

  • the Credit Risk reporting team covers Basel2/3 Credit Risk monitoring and reporting (including Counterparty Credit Risk and Large Exposures)

  • the Market Risk reporting team covers Basel2/3 Market Risk processes (including Value at Risk and Standard Model approaches)

  • the Statistical Reporting team covers Central Bank reporting for key monetary statistics, based on which important monetary policy decisions are made

  • By-desk and Advisory team monitors the desks’ capital usage versus the assigned targets and support in Advisory related daily tasks

  • the Controls and Standardisation team ensures consistency of controls across the above areas

The department’s role encompasses the identification of exposures, calculation of the Regulatory Capital Requirements and production of analysis covering liquidity, credit risk and market risk and statistical reporting for regulated legal vehicles in EMEA.

Members of the CSC always strive to improve processes and strengthen the control environment, while continuing to make Citi a great place to work.

Key Responsibilities:

• Production & delivery of daily, monthly & quarterly prudential regulatory returns and monitoring reports

• Maintenance and further development of controls & reports including reconciliations, static data & variance analysis

• Ongoing review and development of current processes to increase efficiency

• Liaising with multiple departments of the covered countries (including Financial Control, Treasury, Risk Departments) to resolve issues

• Provide support to country Finance teams on an ad-hoc basis (e.g. audits, regulatory inquiries)

• Check and ensure that procedures and policies are applied to adequately cover rules and regulations

• Participate in future process migrations from new countries as appropriate

• Support the work of the Financial Reporting Manager by executing further relevant tasks he/she allocates

Development Value:

• Exposure to a broad range of banking products, including OTC and ETD derivatives, secured financing transactions, securities and loans

• Deepen knowledge about financial regulation covering Market Risk

Qualifications

Knowledge and Experience:

• 4-6 years of work experience in financial reporting / auditing roles

• Prior experience in a regulatory or risk reporting role is an advantage

• Knowledge of capital and financial market products and Basel II/III are an advantage

• Accounting and/or Financial reporting experience

• Advanced MS Excel and Access knowledge

• Fluent English knowledge

• Knowledge of an additional EMEA language is an advantage

Skills:

• Strong planning & organisational skills

• Excellent analytical skills

• Should be creative, proactive and flexible

• Has to have excellent ability to pay attention to details and work under pressure

• Time management

Qualifications:

• University / College degree in finance / accounting

Competencies:

• Highly motivated with advanced analytical & problem solving abilities

• Ability to interpret & implement regulatory guidelines & professional standards

• Demonstrated ability to complete tasks within tight deadlines

• Enthusiastic team player

• Professional communication & interpersonal skills