Citi Global Policy, Controls and Governance Product Control Group Manager in New York, New York

  • Primary Location: United States,New York,New York

  • Education: Bachelor's Degree

  • Job Function: Finance

  • Schedule: Full-time

  • Shift: Day Job

  • Employee Status: Regular

  • Travel Time: Yes, 10 % of the Time

  • Job ID: 16068669


About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citi’s Mission and Value Proposition at explains what we do and Citi Leadership Standards at explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients’ and the public’s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.

Background and Context:

Citi’s Finance Division is comprised of various global functions, including:Product Control, Treasury, Controllers, Balance Sheet Substantiation, Financial Projects & Initiatives, and Financial Planning & Analysis. The Finance Division is the guardian and communicator of key financial information and controls. As a partner with Citi’s various businesses, Citi Finance drives business franchise and legal entity decisions on capital planning, liquidity, budgeting, tax, strategic direction and policy management.

Product Control is a global control function within Citi Finance and is responsible for the accounting and financial reporting of a trading desk or business product. Product Control reports daily and monthlyrevenues and is responsible for key controls over data integrity and reconciliations, P&L and Balance Sheet reporting, P&L attribution analysis (PAA), new activity review, valuation control and some aspects of regulatory reporting.

In this role, the candidate will be a member of a newly created Global Product Control Policy, Controls and Governance Team, responsible for developing and maintaining a globally robust, consistent and efficient controls framework for Product Control. The candidate will be focusing on managing projects geared to remediate identified gaps in controls environment as well as leading the initiatives to improve, automate and standardize control framework globally. The candidate will be also involved in other areas of Policy, Controls and Governance, driving change and improvement within a key area for Citi.

Responsibilities Include:

  • Lead strategic direction of Global Product Controls Policy, Controls and Governance function with focus on driving change, improvement and remediation projects.

  • Lead the Global team responsible for managing projects geared towards strengthening the effectiveness and efficiency of controls environment.

  • Enhance the existing controls framework that strengthens the control environment through centralization, standardization, and automation resulting in increased transparency into Controls Framework.

  • Projects will include reduction of manual adjustments, processes and spreadsheet utilization, etc.

  • Identify controls gaps, perform root cause analysis and drive technology and process solutions to remediate

  • Collaborate across businesses and functions to improve identification, quantification, measurement, reporting and governance of internal control environments.

  • Standardize controls reporting output across global Product Control – drive systems developments to match the requirements of policies and procedures.

  • Define and ensure completeness and consistency of standard output templates for documentation.

  • Develop and maintain global procedures as it relates to Governance and Reporting framework.

  • Uses excellent communication skills to influence senior stakeholders and generate support in a matrix reporting environment for key initiatives

  • Directly engages on detailed issues as well as identifies and mitigates broader issues and risks

  • Delivers learning and development programs and is a recognized leader in training and developing others.

The role will involve daily interaction with other managers throughout the global organization, including but not limited to Directors and/or Managing Directors of Finance, trading desks, risk management, business unit management teams.


  • Bachelor’s degree required, Finance and /or Accounting degree preferred;

  • Advanced degree, Professional Accounting qualification and/or CFA a big plus;

  • Minimum 15 years related business experience required; Product Control Experience is preferred

  • Must have strong knowledge in accounting fundamentals, project management and financial modeling

  • A control focused mind-set with strong process improvement capabilities. Must be able to evaluate relative control risks and develop creative solutions

  • Able to determine strategic direction and influence the control framework

  • Excellent communication and negotiation skills, both verbal and written. The successful candidate needs to be able to communicate complex Valuation and PAA matrices and issues with a variety of audiences who have varying levels of expertise

  • Good understanding of regulations

  • Ability to manage a team and work effectively under pressure in a rapidly changing environment

  • An ability to influence senior stakeholders and generate support in a matrix reporting environment for key initiatives

  • Strong analytical and problem solving skills with an ability to directly engage on detailed issues but also an ability to absorb summary data to identify and mitigate broader issues and risks

  • Motivated, organized, and team oriented