GB Broker Dealer Senior Legal Entity Manager - SVP

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Citi
  • 20 May 19

GB Broker Dealer Senior Legal Entity Manager - SVP

  • Primary Location: United Kingdom,England,London
  • Education: Bachelor's Degree
  • Job Function: Finance
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: No
  • Job ID: 19012805


GB Broker Dealer Senior Legal Entity Manager - SVP
Competitive Salary Offered

Job Purpose:

Full time position for a Senior Vice President (C14) within the Legal Entity Reporting department located in Citigroup Centre, Canary Wharf.
Primary purpose of the job is to manage the CGML (Broker-Dealer) Legal Entity Reporting team within the UK Controllers' group ensuring accurate and timely reporting of CGML's financials and supporting CGML's board of directors. CGML is Citi's international broker-dealer.
Additional responsibility is to oversee reporting teams in London, Mumbai and Manila.

Job Background/context:

The Department

CGML is a UK regulated broker-dealer vehicle. The department is responsible for all aspects of the entity's financial reporting and the role involves being the primary contact point for the vehicle as well as advising CGML's branch controllers and EMEA's smaller broker-dealer vehicles.
The team's wider role also encompasses the understanding of the entity's profitability, the businesses that use the vehicle (both onshore and offshore), supporting firm-wide initiatives such as the ICAAP and facilitating senior management decisions regarding the vehicle based on ad hoc value-added analysis.

Key Responsibilities:

The Role

An opportunity has arisen for a dynamic, driven and self-motivated individual to head up Legal Entity Reporting for CGML, Citi's international UK-based Broker Dealer entity. This will involve monthly reporting of the entity, ensuring that we understand all of the drivers, variances and issues that have arisen during the close process.  There will be projects and process improvements to reflect the changing reporting environment both internally and externally. Such changes will also be required to ensure a best in class control environment in line with the ARA/MCA framework. In addition, training and support of the teams in London, Mumbai (LEM team extension and financial reporting team) and Manila (intercompany derivative and non derivative reporting) will be expected.

Key Responsibilities include:

  • Monthly review and reporting of legal entity financials including business commentary and key drivers for P/L and B/S.  This includes full accountability for accurate results of the entity, through a process of challenge and having a full understanding of the businesses that book and utilize the entity.

  • Responsible for data integrity and handling of the month end close process;

  • To put in place a strong governance process around monthly and quarterly reporting including submissions to Corporate Regulatory Reporting (CRR)

  • Monthly presentation of legal entity financials to senior management including UK CFO, Governance Committee and as required to the Finance Leadership Team. This also includes the preparation and presentation of board packs to the board of directors, UK CFO, UK CCO and senior management;

  • Using the ARA/MCA framework to maintain and develop a best in class and appropriately documented control environment for processes around legal entity reporting; This would include enhancements to control files, improving systems and raising the necessary fixes via IMRs and CAPs;

  • Overseeing the teams in London, Mumbai and Manila;

  • Responsible for providing accurate and timely information to other stakeholders such as Statutory and Regulatory Reporting;Involvement with internal and external audit as well as contributions to year end and interim financials.

  • Other key deliverables and contributions include the following

- Annual ICAAP and quarterly refresh process
- Solvent wind down
- Profitability analysis and returns metrics
- Assisting in the reduction of EMEA entities

  • There is regular interaction with other departments within Finance; including but not limited to Product Control, Balance Sheet Control, Tax, Regulatory and Statutory Reporting and Financial Planning and Analysis; and

  • Interaction with other LEMs globally, the US corporate reporting team and other US controllers will also be required.

  • The successful candidate will be ACA qualified (or equivalent) and have an understanding of the products booked on the entity as well as good business awareness and business acumen. Citi experience of the products, businesses and processes will prove invaluable.

Development Value:

  • Opportunity to become and expert of a key area within Finance;

  • Opportunity to develop this role further which will involve further offshoring and enhancing the analytics and product knowledge of the UK team;

  • Will provide the successful candidate with exposure to a wide range of products, disciplines and projects;

  • Opportunity to gain a good working understanding of the Finance division of a major investment bank;

  • Establish/expand a strong network within Finance and other areas within the bank;

  • Gain experience in managing international relationships; and

  • Exposure to senior management within the Finance division as well as the wider organisation (UK CCO and board of directors).


  • Extensive experience within Finance is required

  • Understanding of businesses and financial products processes highly preferable.

  • Proven leadership skills;

  • Able to show excellent attention to detail in a  demanding work environment; and

  • Demonstrated ability to meet reporting and project deadlines.


  • Excellent communication skills, both written and oral

  • Excellent attention to detail

  • Excellent interpersonal skills - able to deal with a range of senior/junior staff across a number of disciplines

  • Good working knowledge of Microsoft Office packages, particularly Excel

  • Confident in ability to achieve objectives by working with and influencing others


  • Degree level education or equivalent

  • ACA or equivalent Competencies

  • Self motivated.

  • Ability to meet deadlines.

  • Attention to detail and Analytical ability

  • Ability to work as part of a team

  • Problem solving

  • Relationship building

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.

Citi is an Equal Opportunities Employer

Closing Date: 17 June 2019