Citi AVP - Transaction Expense Specialist in Hong Kong
Primary Location: Hong Kong SAR of PRC,Hong Kong,Hong Kong
Education: Bachelor's Degree
Job Function: Corporate Services
Shift: Day Job
Employee Status: Regular
Travel Time: No
Job ID: 18005600
Business: Transaction Expense Efficiency Group
The APAC Transaction Expense Efficiency team is responsible for optimizing trade flow strategies to drive Company efforts to maximize profitability, and improve expense efficiency and transparency across the region. This team leverages financial product expertise to identify and implement initiatives that target the creation of efficiencies along the entire life-cycle of a trade, from execution to settlement. The team is also responsible to provide financial reporting and control for Citi’s ICG transactional (brokerage, clearing and exchange; BCE) cost base. To achieve this goal, the team is charged with developing end-to-end strategic solutions, from idea generation through to presentation of recommendations to senior business management and execution of the initiative.
As a key member of the team, the individual will be focused on financial control, reporting & projects with an aim to drive financial transparency and process efficiency around Citi’s ICG BCE cost base.
Financial Reporting: Manage and own the timely production of BCE financial transparency reports in conjunction with Transaction Expense Financial Manager i.e. timely delivery of monthly & quarterly financial reports, variance analysis and commentary, cost driver analytics, vendor analysis, dashboards & metrics development. Automation & streamlining of reporting processes is essential.
Planning & Analysis: Work with Transaction Expense Financial Manager to advise, coordinate the regional Transactional Expense Budget and Forecasting process in collaboration with Finance and Business; track performance to Plan and highlight risks
Governance & Controls Framework: Proactively identify, present and implement solutions (accruals, bookings, allocations) to establish best practice and enhance financial processes to facilitate cost base visibility and minimize fluctuations
Stakeholder Management & Presentations: Liaise with stakeholders across regional Business Managers, CAO, COO & CFO’s office and other groups (Finance, Ops, MO, IT) to present regular updates, as well as drive process change and enhancements
Project Support & Decision Making:
Undertake detailed research using source data such as the general ledger, accounts payable, vendor invoices, trade source systems in response to specific queries or as part of global team major initiatives
Develop and assist in systems implementations/modifications, in particular the co-ordination and development of new Firm-wide reporting tools
Enable & support savings initiatives by identifying opportunities and risks through cost base tracking and analysis
Carry out ad-hoc tasks as necessary, including ad-hoc analysis and MIS requirements
Advanced Microsoft Excel, PowerPoint and knowledge of Microsoft Access systems highly beneficial
Knowledge of financial products, accounting principles and practices
High degree of numeracy, an analytical approach to tasks and problem solving skills are essential.
Ability to understand complex data and condense into key themes, preparing recommendations for category management action.
Demonstrable example of accurate and detailed analysis/reporting within previous roles.
Self-starter, able to manage several tasks simultaneously and deliver to deadlines with minimal supervision as well as being adaptable to short deadlines and moving deliverables.
Strong attention to detail/accuracy.
Good interpersonal skills and ability to develop strong partnership with stakeholders
Minimum of 5 years of work experience in the Financial industry