Citi ROHQ - FRSS - ICT Accounting Lead in Philippines

  • Primary Location: Philippines,Central Luzon,Makati

  • Other Location: Asia Pacific

  • Education: Bachelor's Degree

  • Job Function: Finance

  • Schedule: Full-time

  • Shift: Day Job

  • Employee Status: Regular

  • Travel Time: No

  • Job ID: 17050185


Citi Finance and Risk Shared Services (FRSS) unit provides services to several Asian entities for Citibank. They drive end – to end processing, reporting and analysis of legal entity results.

The role offers an opportunity to manage a wide range of accounting processes and US GAAP advisory to other FRSS units covering the entire APAC Region and to perform the Account Ownership function as defined by BSS GPO. The person will be responsible for performance of highly skilled accounting team comprising of 5 to 15 team members.

Job Purpose :

With the recent agreement with Controllers to migrate additional activities and transfer ownership and accountability to FRSS we need more Controllers and FP&A type skill sets to execute on this expectation.

The APAC Accounting Team oversees General and Specialized Accounting Operations and Account Ownership function as defined by Balance Sheet Substantiation GPO. Activities will include origination and processing of all accounting entries as well as monitoring Balance Sheet from control perspective.

In addition this team also operates as an in-house consultancy unit providing independent technical advice on accounting matters to various FRSS units to support high quality accounting operations within the parameters of US GAAP.


Accounting Processes

  • Acts as a checker role for all Accounting processes managed by FRSS and can be a maker for back-up purposes and COB scenarios

  • Produce error-free accounting reports and present their results

  • Help and contribute to continuous process improvement drives through Bright Ideas keeping in mind the Lean initiatives in-place

  • Identify accounting Policy issues researching technical accounting literature for relevant guidance and prepare detailed documentation supporting conclusions

  • Communicate new and emerging accounting standards and issues to key partners in the regional finance and FRSS teams

  • Analyze financial information and summarize financial status

  • Spot errors and suggest ways to improve efficiency and spending

  • Provide technical support and advice on Management accounting

  • Review and recommend modifications to accounting systems and procedures

  • Direct internal and external audits to ensure compliance

  • Support month-end and year-end close process

  • Develop and document business processes and accounting policies to maintain and strengthen internal controls

  • Ensure compliance with US GAAP principles

  • Attend all required trainings for both development of process and product related knowledge

  • Ensures that immediate supervisor is informed of issues and risks (potential or inherent) involving the process/tasks assigned to him/her with the proposed action plan for the resolution

Account Ownership

  • Perform Account Ownership (AO) role as defined by Balance Sheet Substantiation(BSS) GPO for accounts which are assigned to FRSS. This requires good understanding of underlying business and transaction flow that result in entries into these accounts.


  • Interacts with Regional and Corporate Accounting Policy team

  • Interacts with Proof Owners and other BSS monitoring teams as required

  • Support Regional and Local Audits Requests

  • Direct Internal and External Audits to ensure compliance

  • Point of escalation for Country \ Business significant issues

  • Provide information to key country partners, Finance, FP&A and countries senior management in order to support their business reviews, LRR, internal audit and Country\Cluster business reviews

  • Anticipate accounting issues and provide technical solutions for business requirements

  • Interacts with Country, Business, CAA and other stake holders for any issue discussion or new product


  • Acquire, develop and retain talent that has end-to-end process knowledge, business and product knowledge and analytical skills to drive analytical insights and process improvements

  • Further develop a diverse financial talent pool that can meet the demands of a growing company undergoing dynamic change and Finance transformation


  • Actively participates in global Internal Audits as well as KPMG audit engagements

  • Establish and maintain appropriate documentation/controls to ensure the integrity of financial, regulatory and management information

  • Ensures and implement that control process embedded in the process are in-placed and effectively observed

  • Ensures and implement processes are aligned with the global standards

  • Create effective control environment to ensure adherence with all internal and external policies and procedures. Direct and coordinate audits and internal reviews. Establish a process to ensure all necessary reporting functions are operating effectively and efficiently.

Development Value :

The role offers the opportunity to gain a broad understanding of Country, Cluster and the overall APAC Region businesses, to further develop communication skills with people across levels, and to develop a wide network of relationships at the Firm’s corporate level as well as within the businesses across various functions. A successful accountant combines excellent analytical skills with a thorough knowledge of US GAAP, this expertise will allow the incumbent to develop greater Citi businesses and product knowledge and have direct impact on the Citi Financial close process.


Skills :

  • Logical, analytical and rational thinking

  • Ability to develop good partnership with stakeholders and/or clients

  • Ability to follow through issue resolution and monitor progress

  • Ability to work under pressure and for long hours

  • Ability to rapidly learn technical and business techniques and knowledge

  • People management

  • Strong people leadership skills and ability to influence and initiate change

  • Ability to communicate with senior managers

  • Excellent issue management and negotiation skills

  • Ability to analyse & interpret financial information

  • Tech savvy

  • Training will be provided on other proprietary systems used within this position

Knowledge/Experience :

  • Practical Knowledge of the accounting for Financial Instruments under US GAAP and knowledge of Financial Markets

  • In-depth understanding of business and financial drivers for banking industry

  • Proved experience in Accounting lead roles or equivalent experience in Accounting Policy group of a major Financial Institution

  • Proven career path and progression is required

  • Communication skills: will be interacting with staff at a variety of levels, including very senior audiences, on a variety of internally driven and function driven deliverables. The ability to articulate 'big picture' and present to senior management is essential.

  • Organizational Skills: heavy coordination with many individuals at varying levels across the region and FRSS functions, operating with precision within limited time frames on deliverables. The individual must be highly organized and able to prioritize in an environment of change while always seeking to improve the organization and business.

  • Teamwork/Relationship Management: the position requires extensive teamwork, partnership and collaboration across Finance and FRSS functions.

  • Ability to manage and develop Finance talent

  • Experience in Citi reporting processes or Product processing group will be an added advantage

Qualifications :

  • Certified Public Accountant (CPA)

  • At least 7 -12 years’ experience as a senior finance officer in a global organization or in a consulting firm with experience in the financial sector

  • Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience