Director, Finance Strategic Ledger Program Transformation Office Lead

$170,000 - $300,000/Yr

Hitec - New York, NY

Full-time - Senior

New York, NY

Merchant Wholesalers, Durable Goods

About the position

The Strategic Ledger Program has been established under the wider Citi Finance Transformation initiative. The program's strategy is to adopt and implement a global standard Oracle SaaS/Cloud-based accounting and ledger platform, referred to as the strategic ledger. This initiative aims to create a robust global process, governance, and controls to ensure that ledger data and results are consistent, materially accurate, complete, and timely. The Finance Controllers program team, in collaboration with Finance Technology, has selected Oracle Cloud as the technology platform after a thorough technical and functional assessment of Citi's current ledger platforms against leading industry solutions. The new platform is designed to enhance technical capabilities and support the finance transformation strategy, aligning with the realization of the Target Operating Model. The program has established a Citi-wide governance and cross-functional team that includes Finance, Shared Services, Risk, Business, and Technology partners. The scope of the program encompasses centralizing and standardizing accounting into global accounting hubs and sub-ledgers, implementing a standard sub-ledger and general ledger for the firm, and replacing Citi's current Operating and Reporting ledgers, including those embedded in bank-in-a-box platforms such as Flexcube. Additionally, the program aims to automate and streamline accounting and ledger processes and controls, address source data quality issues impacting ledgers in partnership with enterprise-wide data priorities, and align contractual and instrument-level balances and positions with financial balances. As the Strategic Ledger Program Transformation Office Lead, you will be an integral part of the overall Strategic Ledger Implementation team. This high-profile role within Citi's Finance transformation has a global scope and requires candidates to possess in-depth knowledge of sub-ledger and accounting processes. The role holder will be expected to provide both strategic and operational thought leadership over the FB&R transformation, leading and influencing a wide range of stakeholders, including virtual and matrix teams at the Senior Vice President (SVP) level.

Responsibilities

• Program Management Oversight of Oracle Strategic Implementations
• Oversee planning and execution of future release releases
• Management of Program Governance Function
• Support Strategic Planning and Program Leadership in the definition of the future roadmap
• Carry out proactive risk management, mitigation planning, and resolutions
• Collate weekly status reports submitted by workstream leads and provide insightful, constructive feedback/challenge
• Manage/Facilitate/Participate in the strategic ledger governance meetings and lead Program Office workstream deliverables including Integrated Project Plan
• Provide oversight to workstream intra- and inter-dependencies across stakeholder groups including System Integrators
• Lead/Manage workstream communications, prepare and present FB&R updates to senior management forums
• Demonstrate extensive understanding of project and program management principles, methods, and techniques
• Build strong relationships with Program Office Leaders, Program Sponsors and Technology Leaders
• Management engagement with Internal Audit
• Ensure adherence to Citi Policies and Procedures
• Ensure consistency of deliverables and artifacts across all workstreams
• Participate in resourcing, financial management and vendor management activities to ensure program is operating within budget
• Ensure provisioning of necessary project tools (SharePoint, JIRA, SmartSheets, etc) by collaborating with internal IT teams who own respective tools

Requirements

• 15+ years of relevant work experience with global corporations and financial services experience gained in Banking or in an associated consulting role
• 10+ years of experience in implementing Technology Enabled Transformation or Digital Transformations in the Financial Services industry
• Proven track record of significant organizational transformations and SaaS enabled ERP transformations (Oracle, SAP, Workday)
• 10+ years experience in successfully managing complex projects and programs which include external suppliers through the full project lifecycle, from conception through rollout and ongoing support
• High proficiency with Microsoft Office Suite, particularly Excel for reporting and PowerPoint for presentation development

Nice-to-haves

• Experience with SaaS enabled ERP transformations (Oracle, SAP, Workday)
• Leadership Experience as a Process or Product Owner within a Chief Accounting Officer, Controllership and Finance Shared Services Organization is preferred
• Project Management certifications e.g., PMP (Project Management Professional), Agile Certifications or equivalent is a strong plus

Benefits

• Paid time off
• Paid holidays
• Sick time
• 401(k)