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Financial Planning & Analysis - Planning Transformation Mumbai Process lead

Location: Mumbai
Company: Citigroup
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Overview of Citi Planning Transformation Initiative
As part of Citi's Finance Transformation effort, the Planning Initiative is responsible for implementing a defined, integrated, agile, well-controlled, and governed end-to-end integrated forecasting approach that drives effective decision making, informs effective management of the firm's resources, supports our firm wide culture and strategic priorities, and is fully integrated with strategic risk appetite, risk processes, and capital planning. The Planning Initiative will focus on building Core Forecasting processes to enable central decision making and advancing the existing forecasting capabilities through automation, improved governance and enhanced controls. The activities are focused on all scenarios across the stress continuum, ranging from business as usual business planning to stress environments, including CCAR/DFAST, Recovery and Resolution. The Planning Initiative comprises seven key projects: (i) Process Design and Simplification, (ii) Models, (iii) Governance, (iv) Data, (v) Calculation Controls, (vi) Technology and (vii) Organization and Resourcing.
This is an excellent opportunity for a senior results oriented individual to join the Global Planning Transformation team based in Mumbai and drive transformation efforts for FP&A and Finance globally. The Planning Transformation team is responsible for driving large scale global transformation programs to enhance Citi's planning and analysis capabilities enabling agile decision making by Citi leadership team. The Transformation program cover business planning / forecasting process and forecasting models transformation, short term performance management processes, Digital and Data Transformation and Future state Forecasting Infrastructure build / roll-out. The Transformation team works closely with Citi CFO, Global FP&A heads, Business CFOs, Planning Transformation head and Finance Function heads to structure and drive these programs.
Job summary :
Citi is looking for a senior leader with well-rounded knowledge and experience in Business & Financial Planning, Re-engineering programs, Process improvement frameworks to drive transformation of Citi's forecasting processes towards the end state vision. Planning Process Design and Simplification role will be part of the Planning Initiative within the Transformation team.
The current opening is a part of an overall team based out of Mumbai and the individual will assist in developing a robust and integrated quarterly forecasting process along with the enterprise-wide stress tests, and for identifying opportunities for improvements. This role will require partnership with Finance Senior Leaders across Citi to drive end-to-end process transformation of the forward looking forecasting processes, with a focus on established objectives of process quality, efficiency and simplification while addressing needs of all the key internal consumers of the forecasts.
In addition, they will coordinate End-to End process analysis to document current key processes, identify current challenges and enhancement opportunities. Further, they will need to ensure that the initiative milestones are executed in an efficient, effective, and controlled manner. Through the application of re-engineering and process improvement tools / techniques and focused workshops with Finance and Risk workstream leads, you will identify major pain points and opportunity areas to simplify forecasting processes, investigate their root causes and provide innovative solutions that transform the end to end process.
This role will work on initiatives that will provide a unique opportunity to gain a broad understanding of many key facets of Citi's integrated planning process and stress continuum. Additionally, the individual will need to coordinate further assimilation and understanding of their output with the other project workstreams.
Job responsibilities :
- Manage Mumbai process design team and drive execution of key process milestones working closely with Global Planning transformation process design and controls lead
- Directly manage and drive execution of specific milestones included in the action plan partnering closely with seniors and leads in FP&A, Treasury, Capital, Risk and Business
- Lead significant components of process design team in Mumbai to drive Citigroup's forecasting process transformation including design of target state planning process, end to end process analysis, creation of ongoing issue tracking and resolution capabilities and identify use of innovative automated solutions to improve cycle time and enable decision making
- Structure and Lead cross functional global workshops to drive design decisions leveraging appropriate tools and agile methodologies and to agree on interim and end state process structure to achieve Planning transformation program objectives and related regulatory remediation efforts
- Manage medium sized team and build a high performing team that creates global impact In planning transformation initiative
- Apply appropriate process design and process improvement frameworks and approaches to identify and drive tangible and measurable process improvements for the planning processes without impacting quality of outcomes
- Overall program management of the multiple high visibility global process transformation efforts including strong governance / tracking of program execution partnering with key stakeholders including coordination with PMO and Internal Audit for closure of action plan milestones
- Partner with other Planning workstreams (Data, Infrastructure, Models, Governance, Reporting & Analytics, etc.) to align efforts and program milestones required to achieve process transformation objectives
- Build out process maps to identify bottlenecks and interdependencies and establish explicit performance metrics for tracking finance planning processes
- Design process controls in partnership with Controls teams and sub-process owners and drive automation of controls for all planning processes
- Coordinate with GFT and infrastructure transformation (UI/ workflow, reporting and analytics) and process design teams to drive process efficiencies and improve end user experience as much as possible
- Work in a cross functional collaborative team environment with an intense focus on impactful tangible outcomes
- Partner with Governance teams to ensure planning policies incorporates latest process updates and process execution adheres to all policy, governance and control requirements
- Partner with Digital Transformation teams to incorporate and integrate digital tools into the forecasting processes
Job skills / qualifications :
- 17+ years work experience in leadership roles driving large scale transformation efforts, Process Re-engg programs, Financial Planning and Budgeting, Capital Planning in Financial Services / Global Banks or management or strategy consulting experience in financial services; global exposure preferred
- MBA in Finance from a top tier institution and a Bachelor's degree in Mathematics, Information Systems, Economics, Computer Science, Engineering, Finance or a related quantitative discipline preferred
- Experience working with senior executives and function heads and engaging them in driving decisions related to transformation efforts
- Exceptional communication and strategic thinking skills to engage with C-Suite leadership,and demystify technical intricacies in language and context relevant to a broader audience
- Experience in process design applying design thinking and process improvement frameworks and approaches
- Experience establishing tracking of KPIs for processes and showing ongoing improvement
- Experience working in FP&A or related to business and operational planning, capital planning and strategic planning activities
- Strong executive presence and experience running senior level workshops
- Expert knowledge and experience in storyboarding and creating compelling presentations along with strong written and verbal communication skills
- Past experience in managing and running global financial planning processes with a focus on process efficiency, continuous improvement and process performance analytics would be useful
- Past experience playing leadership role in driving programs in a matrix environment and collaborating with multiple workstreams to drive acceptance and adoption of agreed process changes
- Experience in process re-engg programs with strong knowledge of process improvement frameworks (like Lean) and knowledge of risk and control frameworks
- Knowledge of Agile methodology and experience in projects preferred
- Strong analytical and problem solving skills and track record of leading diverse global teams
- Proficient in Microsoft office suite of products, particularly leveraging and structuring analysis in Excel and for senior management communication using PowerPoint
- An understanding of Citi's businesses, the major strategic issues and the Senior Management landscape would be beneficial.
- Integrity, maturity, dependability, a positive professional attitude

Job Family Group:

Job Family:
Financial Planning & Analysis

Time Type:
Full time

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