Mumbai Planning Transformation Forecasting Process

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 capability to track and address issues related to integrated quarterly forecasting process along with the enterprise-wide stress tests. This role will require partnership with Finance Senior Leaders across Citi to review and find comprehensive solutions partnering with relevant workstreams and process owners. This role will also design and partner with technology to create a calendar management tool to track process progress and issues during the process.

In addition, they will coordinate with process design, controls design and process mapping teams to ensure that the issue analysis and calendar management capabilities are integrated and connected with these efforts. Through 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. The calendar management tool will provide a systematic capability to track process progress every cycle and provide required analytics and reporting to highlight issues with the forecasting cycles. This team will need to work with the respective workstream leads and process owners to do a root cause analysis for issues and agree on a resolution plan for the issues. The team will need to have a robust tracking capability to ensure time bound resolution of the issues.

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. Further, they will need to ensure that the initiative milestones are executed in an efficient, effective, and controlled manner. Additionally, the individual will need to coordinate further assimilation and understanding of their output with the other project workstreams.

**Key Responsibilities**:
Part of a small sized team in Mumbai to design capability to drive issue resolution for Citigroup’s quarterly forecasting processes. Additionally, drive design and development of a process calendar management tool to track process progress and issues during cycles.
Overall program management of the process issue resolution efforts including strong governance / tracking of program execution partnering with key stakeholders
Provide input into process design and re-engineering efforts
Provide sufficient visibility into both status and performance of the quarterly forecast process, with metrics and re