Germany Bank Chain Legal Entity Manager and Controller

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Germany Bank Chain Legal Entity Manager and Controller-18045855

Job Purpose:

Legal Entity Manager (“LEM”) leading a team of 3-4 staff with responsibility for the Controllers function for the bank chain entities in Germany;

-Citibank Europe plc Frankfurt Branch (“CEP Frankfurt”)
-Citibank NA Frankfurt Branch (“CBNA Frankfurt”)
-Citigroup Global Markets Finance Corporation and Co. Beschkränkt Haftende KG (“CKG”)

Job Background/context:

This is a newly created role within the German Finance function driven by Citibank’s response to Brexit where the German banking business was transferred to a newly created German branch of Citibank Europe plc in April 2018. 

The German Broker/Dealer business remained within Citigroup Global Markets Deutschland AG (“CGMD”).  CGMD became a subsidiary of Citigroup Global Markets Limited in the UK (“CGML”) at the same time CEP Frankfurt was created.

The key to success in this role is ability to lead and develop a small in-country team while coordinating and working efficiently with the various FRSS and CSC teams supporting Germany from Mumbai, Manila, Warsaw, Budapest, Dublin, London and the U.S.

Key Responsibilities:

•Ensure integrity and accuracy of all financial reporting for the German banking entities (German GAAP/IFRS and US GAAP at legal entity level and Managed Geography at business/product level)
•Establish consistent processes, effective control environments and robust MCA assessments across banking entities
•Support the CFO’s in Germany and for CEP Ireland for Planning and Analysis and Business Management Reporting
•Ensure clear communication (verbal and written) with central Finance team in Dublin Head Office
•Ensure compliance with accounting directives, guidance and policies and oversee implementation of new initiatives
•Actively participate in a series of franchise, country and legal entity committees (ALCO, LEMC, ARF)
•Enhance controls and integrity around manual data processes and sources
•Engage with various CSC and FRSS sites to enhance efficiencies in the reporting process 
•Ensure compliance with all relevant internal policies
•Lead and develop a team of finance professionals
•Lead discussion with internal and external auditors on a regular base and during ongoing audits

Development Value:

This role will expose the candidate to:

•Coordinating and managing the team within the German Finance function and German Broker/Dealer entity
•Dealing with diverse groups of people across different geographical locations
•Involvement in key, high profile country and cluster-level projects
•Internal, external and regulatory audit
•Exposure and experience from broad range of business activities, while simultaneously building a strong theoretical and technical knowledge over bank products, accounting and reporting.



Previous experience of/as:

•Financial Controller or Finance Senior

Extensive knowledge of:

•Financial Reporting (US GAAP , German GAAP and ideally IFRS)
•Planning and analysis
•Banking products and financial instruments

Experience with managing offshored activities and liaising with external regulators and auditors.

First experience with managing smaller teams and ability to provide leadership within a fast changing organization.


•Professional approach and excellent management, financial control and regulatory reporting skills
•Reengineering, project management and process change skills
•Ability to engage and manage SME’s (internal and external) to address and resolve issues
•Excellent communication skills with professional and diplomatic approach
•High sense of professional accuracy followed by high quality working results
•Strong commitment to meet internal and external deadlines to ensure good relationship to local regulators.Fluent in English


•Relevant Financial Degree or similar qualification with 3+ years post qualification experience
•Chartered Accountant or equivalent preferred Competencies
•An energetic and highly motivated self-starter with an assertive character, a hands-on approach and who aspires to being a key contributor in a dynamic team environment of professionals
•Strong interpersonal and management skills essential
•A pro-active decision maker who has the ability to champion Finance initiatives to successful conclusion
•Displays clear accountability and ownership of issues and who has strong leadership capabilities, with a focus on staff development and the ability to manage of a team of professionals

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


12 April 2019
Location: Germany Hedmark Frankfurt am Main
Work type:
Full time
Banking and Financial Services
Finance / Accounting
PLEASE! No enquiries from Recruitment Agencies or Headhunters.

Only direct applications will be considered.

This career opportunity is no longer open.
Please search for current vacancies here.

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