Financial Reporting Analyst

Job Description

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 Citi Solution 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.

As a Financial Reporting Analyst you will be responsible for the financial accounting and reporting related tasks required by the local regulators throughout the Europe, Middle East and Africa region (e.g. central banks), performing controls over the reports and submission of them in coordination with the in-country Finance Team.

The overall objective of this role is to utilize your financial accounting knowledge and start building you up as a regulatory reporting expert by familiarizing yourself with local regulations and reporting practices.

What you’ll do:

• Support the preparation, analysis, and submission of reports to various constituencies (National / central regulators like BaFin, ECB, SEC, etc) based on requirements such as IFRS, German GAAP, Basel
• Perform analysis of financial results and conclude cause of variances such as accounting issues and economic events
• Participation in efficiency and innovation projects on ad hoc basis by reviewing and developing current processes using advanced digitalization tools
• Ongoing review and development of current processes to increase efficiency
• Liaising with multiple departments of the covered countries (including Financial Control, Treasury, Risk and Technology departments) to resolve issues
• Provide support to country Finance teams on an ad-hoc basis (e.g. audits, regulatory inquiries)
• Exploit a collaborative and motivating attitude to join forces with colleagues for excellent results
• Benefit from your organized personality, attention to details and independent working style
• Use your experience and knowledge to drive and contribute to outstanding team performance

What we’ll need from you:

• University / College degree preferably in finance / accounting
• 1-2 years’ relevant work experience
• Financial accounting or regulatory reporting background is an advantage
• Knowledge of banking products and their accounting/reporting in IFRS is an advantage
• Advanced MS Excel knowledge
• Highly motivated with advanced analytical and problem-solving abilities
• Fluent English knowledge

What you’ll learn:

• Composition of a financial institution’s balance sheet, profit and loss and other important financial reports
• Accounting treatment of securities, derivatives, loans and other financial instruments managed by a bank based on IFRS9 rules
• Framework for banking financial reporting and prudential reporting as per the regulatory reporting requirements of the region
• Become experienced in internal and external audits and inspections by the central banks

We are a development-focused organization. The above qualifications and skills are considered as primary assets for the position – but we do not pursue perfectionism: we look for capable colleagues and help them grow to excellence in their fields and positions.

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 models)
• 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.

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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.