IT Project Group Manager W/oracle/sap - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

The Controller Transformation team, in partnership with Global Functions Technology, selected Oracle Cloud as the technology platform, after a rigorous technical and functional assessment of Citi's current ledger platforms against leading industry solutions.

The new platform provides enhanced technical capability and supports our finance transformation strategy and realization of our Target Operating Model.

The program has established a Citi-wide governance and cross-functional team including Finance, Shared Services, Risk, Business and Technology partners. The scope of the program includes

The Financial Books & Records (FB&R) Transformation Initiative has been established under the wider Citi Finance Transformation and comprises three pillars - Accounting, Ledgers and Close, and associated global platforms, processes, and governance.

The programincludes standardizing and reducing risk across current FB&R processes and establishing the next iteration of ledger strategy to adopt and implement global standard SaaS/Cloud based accounting and ledger platforms (the "strategic ledger").

The outcome willbe a robust global process, governance, and controls to ensure consistent and materially accurate, complete, and timely ledger data and results.

The new platform provides enhanced technical capability and supports our finance transformation strategy and realization of our Target Operating Model.

The program has established a Citi-wide governance and cross-functional team including Finance, Shared Services, Risk, Business and Technology partners.

The scope of the program includes:

Centralizing and standardizing accounting into global accounting hubs and subledgers
Implementing a standard sub ledger and general ledger for the firm
Replacing Citi's current Operating and Reporting ledgers, including those embedded in bankinabox platforms such as Flexcube
Automating and streamlining accounting and ledger processes and controls
Addressing source data quality issues impacting ledgers in partnership with enterprise wide data priorities
Aligning contractual and instrument level balances and positions with financial balances

- to medium-term planning of actions and resources for own area.
Full management responsibility of a team or multiple teams, including management of people, budget and planning, to include performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval.

Responsibilities:

Development of the Finance Accounting workstream to support the overall Finance Transformation
Provides IT strategic direction for projects managed
Impacts the IT project leadership function by strategic influence and by exercising control over resources, budget management and planning; accountable for end results
Partnering with business and technology leaders, and other internal and external stakeholders to capture and define and implement requirements for the Finance Data initiatives
Ongoing stakeholder management of all key stakeholders
Responsible for the definition and implementation of technology components required in the Finance Transformation
Defines the IT project plan and manages the project governance including status reports, and risk and issues maintenance
Sets guidelines for appropriate staffing requirements to meet operational needs.
Builds a successful team and evaluates their performance and makes decisions on pay increases, hiring, terminations and other personnel actions
Applies indepth knowledge of concepts and procedures within own area and basic knowledge of other areas to resolve issues that have impact beyond own area
Ensures essential procedures are followed and contributes to defining standards
Demonstrates an indepth understanding of how IT project leadership integrates within the overall technology function to achieve objectives; requires a good understanding of the industry.
Provides evaluative judgment based on analysis of factual information in complicated, unique and dynamic situations; draws on diverse range of internal and external sources.
Influences and negotiates with senior leaders (across functions); may communicate with external parties.