Financial Planning

Mumbai GPO Planning Transformation Forecasting Process Controls Design
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 FP&A GPO / Planning Transformation team based in Mumbai and drive transformation efforts for FP&A and Finance globally. The GPO / 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 programs 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 and designing controls for the quarterly forecasting process along with the enterprise-wide stress tests. 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 and adhering to all governance and control requirements.

In addition, they will participate in End-to End process analysis to identify control points and hand-offs for current key processes and to identify enhancement opportunities for controls. This role will help define the resource requirements to stand up the Controls Function for the quarterly forecasting processes, including definition of skill sets required in addition to foundational Internal Controls skillsets (control standards, assurance, monitoring) and the location strategy for each activity. This role will also define tools to be used by Controls Function for its processes. This team will review and discuss current state controls with control stakeholders and owners to identify key performance indicators that are in place. This team will develop plan to implement enhanced monitoring standards and reporting and will define key control indicators and reports for monitoring controls centrally for quarterly, multi-year forecasts

Further, they will need to ensure that the initiative milestones are executed in an efficient, effective, and controlled manner. 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.

**Key Responsibilities**:
Lead a small sized team in Mumbai to drive identification and development of controls and governance for Citigroup’s forecasting processes
Overall program management of the multiple high visibility global process transformation efforts including strong governance / tracking of program execution partnering with key stakeholders
Participate in process design workshops and identify key control points required to ensure process integrity and quality of outcomes
Determine and define required contr