Lead Finance Officer - Citi Private Bank

Citi • New York, NY

2d

About The Position

The Private Bank LFO is accountable for leading the development and execution of financial objectives related to the P&L, balance sheet, expenses, capital, and risk. The LFO is a key member of the Private Bank business management team and supports the development and implementation of strategic business initiatives to deliver exceptional financial performance. The LFO leads across the full set of Finance disciplines, partnering to help achieve the firm’s overall Finance objectives. The LFO is also a strategic advisor to the Private Bank business team. Responsibilities Responsible for all financial management aspects of global Private Bank across its regions in the North America, Latin America, Asia, Europe and Middle East. Lead short and long term budgeting, forecasting and planning processes through partnership with functional partners such as FP&A. Key Business leader in the planning and execution of CCAR, Recovery and Resolution planning activities. Partner with senior management to deliver on financial objectives, including a broad set of P&L goals by providing insightful analysis and strategic advice on financial business decisions and plans. Serve as primary point of contact for Private Bank business management team for all Finance disciplines including FP&A, Controllers, Treasury, and Tax Partner effectively across internal and external stakeholders including Executive Management Team members, regulators, Investor Relations, Treasury, Risk, Legal and other functions while leading delivery of capital, risk and profitability targets Drive financial discipline, efficiencies and a culture of accountability of delivering financial results Developing multi-year financial plans in partnership with Wealth Private Bank heads that are integrated with Citigroup’s overall strategic planning process Evaluating business cases and analyses to support business investment decisions such as new product development, client segments, new market entries, external partnerships, technology builds, client decisions, and marketing spend decisions Develop and set the team's strategic direction. Lead team of finance professionals to accomplish established goals while navigating intricate/complicated situations. Attract, retain and develop top talent. Lead efforts to streamline and improve financial processes, including partnering with FP&A and Technology to automate processes, as well as leverage AI. Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Requirements

• 15+ years of financial experience and leadership progression in the wealth industry and/or a global financial services organization
• Knowledge and experience serving as a key strategic / financial advisor and partner to executive level business leaders
• Extensive financial management experience, including financial planning, budgeting, reporting, analytics and analysis
• Excellent communication and presentation skills; ability to drive change and support transformation and process improvement across all functional areas
• Experience managing high performing and motivated teams

Nice To Haves

• Bachelors/University degree, Master’s degree preferred

Responsibilities

• Responsible for all financial management aspects of global Private Bank across its regions in the North America, Latin America, Asia, Europe and Middle East.
• Lead short and long term budgeting, forecasting and planning processes through partnership with functional partners such as FP&A.
• Key Business leader in the planning and execution of CCAR, Recovery and Resolution planning activities.
• Partner with senior management to deliver on financial objectives, including a broad set of P&L goals by providing insightful analysis and strategic advice on financial business decisions and plans.
• Serve as primary point of contact for Private Bank business management team for all Finance disciplines including FP&A, Controllers, Treasury, and Tax
• Partner effectively across internal and external stakeholders including Executive Management Team members, regulators, Investor Relations, Treasury, Risk, Legal and other functions while leading delivery of capital, risk and profitability targets
• Drive financial discipline, efficiencies and a culture of accountability of delivering financial results
• Developing multi-year financial plans in partnership with Wealth Private Bank heads that are integrated with Citigroup’s overall strategic planning process
• Evaluating business cases and analyses to support business investment decisions such as new product development, client segments, new market entries, external partnerships, technology builds, client decisions, and marketing spend decisions
• Develop and set the team's strategic direction.
• Lead team of finance professionals to accomplish established goals while navigating intricate/complicated situations.
• Attract, retain and develop top talent.
• Lead efforts to streamline and improve financial processes, including partnering with FP&A and Technology to automate processes, as well as leverage AI.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.

Benefits

• In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.
• Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs.
• Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive