Financial Reporting Junior Analyst

Join our expanding Citi Finance Team in Budapest and make your own progress in a supportive and friendly environment!

We are a people-oriented organization that appreciates and promotes personal and professional aspirations. Our corporate culture is empathic : we acknowledge life-work balance throughout your career path.

Regulatory Reporting Citi Solution Centre (CSC) in Budapest is a key part of the Finance function. It is Citi’s pioneering centre on a global scale where local regulatory reporting professionals work together in a central location, to ensure consistent quality of local regulatory reporting across multiple jurisdictions and legal vehicles.

As a Financial Reporting Junior Analyst you will be responsible for the financial accounting and reporting related tasks required by the local regulators throughout the Europe, Middle East and Africa region ( central banks), performing controls over the reports and submission of them in coordination with the in-country Finance Team.

The overall objective of this role is to utilize your financial accounting knowledge and start building you up as a regulatory reporting expert by familiarizing yourself with local regulations and reporting practices.

What you’ll do :

Produce daily, weekly, monthly & quarterly regulatory reporting returns ( balance sheet, profit and loss) and perform period-to-period analysis on them

Reconciliation of sub-systems to primary accounting records

Substantiation of accounting records for reporting purposes

Validation and adjustment of accounting entries in the reporting ledger

Active involvement in the interpretation, tracking and implementation of the internal and external changes in report production processes including user testing and documentation of specifications.

Take part in reviews and developments of current processes to increase efficiency

Participate in the new system / process implementations related to regulatory reporting requirements

What we’ll need from you :

University / College degree preferably in finance / accounting

0-1 year experience

Financial accounting or regulatory reporting background is an advantage

Knowledge of banking products and their accounting / reporting in IFRS is an advantage

Advanced MS Excel knowledge

Highly motivated with advanced analytical and problem-solving abilities

Fluent English knowledge

What you’ll learn :

Composition of a financial institution’s balance sheet, profit and loss and other important financial reports

Accounting treatment of securities, derivatives, loans and other financial instruments managed by a bank based on IFRS9 rules

Framework for banking financial reporting and prudential reporting as per the regulatory reporting requirements of the region

Become experienced in internal and external audits and inspections by the central banks

We are a development-focused organization. The above qualifications and skills are considered as primary assets for the position – but we do not pursue perfectionism : we look for capable colleagues and help them grow to excellence in their fields and positions.

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well :

Cafeteria Program

Home Office Allowance (for colleagues working in hybrid work models)

Paid Parental Leave Program (maternity and paternity leave)

Private Medical Care Program and onsite medical rooms at our offices

Pension Plan Contribution to voluntary pension fund

Group Life Insurance

Employee Assistance Program

Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed

Flexible work arrangements to support you in managing work - life balance

Career progression opportunities across geographies and business lines

Socially active employee communities with diverse networking opportunities

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

Job Family Group : Finance

Job Family : Financial Reporting

Time Type : Full time

Most Relevant Skills

Assessment, Balance Sheet, Business Acumen, Constructive Debate, Financial Accounting, Financial Reporting, Internal Controls, Policy and Regulation, Problem Solving.

Other Relevant Skills

For complementary skills, please see above and / or contact the recruiter.