Citi is hiring a Local Regulatory Reporting and Tax Officer.

Job purpose

Finance Officer has oversight of the local regulatory reporting, Corporate reporting as well as tax management of the bank as well as all regulatory and tax control related activities for the branch to ensure compliance and efficiency.

In strict compliance with Citibank Policies, Local and US Regulatory Reporting Requirements:

Own the branch Local Regulatory Reporting Process and Controls
Own the branch Corporate Reporting Process and Controls
Be the branch Tax Expert (declarations and advisory)
Ensure strict compliance to the reporting schedule of regulatory reporting
Perform other Citigroup Management and Financial Reporting and Control tasks as shall be assigned.
Your key responsibilities at Citi
Daily management of local regulatory reporting activities, Taxes activities and financial control related activities, in Senegal.
The role would typically involve: Prepare and file accurate regulatory reports on a timely basis to the Banking Commission (COBA), Ministry of Finance, Central Bank (BCEAO) and Banking Association (APBEF)
Prepare and file accurate local company tax returns to the Tax Authorities on a timely basis as well as ensuring proper and regular proofing / reconciliation of tax accounts
Prepare and report Citigroup Tax Returns for the country
Ensure the integrity of the financial process and the accuracy of the internal and external financial reporting under local GAAP
Proactively manage the end-to-end (E2E) Month End process for local regulatory reporting and tax filling, working closely with other departments to ensure timely accurate close process. Review and continually improve processes and hand-offs.
Ensure the local regulatory reporting procedures are updated timely on annual basis or when there is a change / update in regulation
Ensuring that all Internal /external Tax and regulatory audits are proactively managed, (preparation, planning, fieldwork and actions)
Ensure the local regulatory reporting control file is timely and accurately completed and all issues raised are escalated appropriately, corrective action plans implemented based on proper root cause analysis and effectively closed.
Ensuring all finance tax and regulatory reporting issues raised in the CCC / BRCC / RRGC or elsewhere have an action plan and are reviewed and completed in a timely manner
Coordinate/manage the effort for legal books budgeting and planning across businesses and franchise and ensure monthly variance of actual to budget is completed
Provide to the CFO the legal books financials with variance analysis for the audit committee and the board as requested
Ensure consistency of application of General Tax Code and local regulations relating to Finance among businesses in country
Responsible for Operational Risk Indicators (ORI) completion for Finance on a timely basis
Responsible for preparing Finance MCA and upload it in Citi Risk
Provide reports and analysis capabilities to users of bank financial, management, regulatory and tax accounting information
Provide in-country local accounting policy interpretations and advice relative to unusual transactions and new products. Liaise closely with External Auditors and Tax Advisors. Maintain knowledge of business operations and keep abreast of changes in economic and business climate. Analyse implications of changes and inform management on key financial trends.
Maintain a good relationship with the Regulators and the Tax Authorities
Maintain an on-going and timely communication with CFO, escalating as appropriate
Participate in Regional Finance initiatives and rollouts
Provide tax refresher training to the BTSS team on an annual basis
Ensure the BCEAO website is reviewed bi-weekly for any regulatory notices
Manage the Erecon and proofing cycle
Lead the monthly balance sheet meeting
Your qualifications as Local Regulatory Reporting and Tax Officer
Previous experience of/as: Local regulatory and tax officer

Knowledge of:

Internal controls/Operational Risk
Local GAAP and Tax Management
Financial and Management Accounting
US GAAP Reporting
Budgeting and Forecasting
Experience in Citi reporting processes or Product processing group will be an added advantage.
Good knowledge of banking products and business
Knowledge of bank’s systems, e.g. Flexcube, Smart, Pearl, etc.
General Competencies:

An energetic, experienced and highly motivated senior in Finance functions with an assertive character, a hands-on approach and aspires to being a key contributor in a dynamic team environment of professionals.
Strong interpersonal and management skills are essential.
A pro-active decision maker who has the ability to champion Finance initiatives to successful conclusion.
Displays clear accountability and ownership of issues and has strong leadership capabilities.
Technical Competencies:

Financial accounting – Strong
Regulatory reporting – Strong
Tax reporting – Strong
US GAAP reporting – Strong
Budgeting and Forecasting – Strong
Language skills:

Fluency in both French and English (speak, write/draft reports)
Education (or Equivalent Training):

Relevant Financial Degree or similar tertiary qualification
Chartered Accountant/equivalent preferred
Experience:

4+ years’ experience as a senior finance officer in a global organization
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.

Valuing Diversity:

Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success.

Deadline for applications: 12 February 2019.

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