Zoltán Visnyai
Budapest
Summary
Accomplished Product Control Lead Analyst at Citi with more than 11 years of work experience, in-depth knowledge of financial products and related P&L, balance sheet deliverables. Adept in leading strategic automation projects and managing cross-functional teamwork in order to enhance financial reporting processes. Proficiency in Excel VBA, Power Query, Power BI, SQL, Tableau, Python and KNIME.
Overview
12
12
years of professional experience
Work History
Product Control Lead Analyst (VP)
Citi
07.2023 - Current
- Leading the Rates and Finance desk product control group and participating in the review and approval workflow of the end-to-end daily, monthly P&L and balance sheet financial reporting processes. Traded products include government bond, corporate bond, bond futures, repo, reverse repo, buysell, sellbuy, total return swap, FX spot and futures, FX option, FX swaption, interest rate swap, interest rate futures, caps and floors, forward rate agreement, overnight index swap, credit default swap, credit default swaption. Managing and reviewing the production of other operational deliverables in line with US GAAP, IFRS accounting standards.
- Liaising with Accounting Policy team regularly in order to review current trading activity accounting, verify new trading activity accounting and highlight any inconsistencies with current US GAAP and IFRS accounting rules.
- Preparing SAB 99, SAB 108, write-on, write-off documentation for financial reporting restatements.
- Liaising with external KPMG auditors and internal audit teams, providing supporting documentation and data for system flow, valuation, completeness audit reviews. Providing expertise and taking part in the yearly SOX audit of internal controls and procedures.
- Initiating, supporting, controlling standardization and automation efforts related to strategic as well as ad-hoc projects to improve Citi’s product control system infrastructure and to implement process improvement ideas with an emphasis on product processor and general ledger systems. Reviewing BRD documentation for new functionality related major system enhancement projects and participating in UAT testing.
- Coordinating tasks between various areas of the Finance Department such as Trading Desk, Risk Management, Operations, Middle Office, IT teams and Project Leads.
- Managing people by leading and developing team members to support the organization’s overall mission and contribute to an outstanding team performance.
Product Control Supervisor (AVP)
Citi
05.2021 - 07.2023
- Supervisory oversight of the Rates and Finance desk product control group and continuous review of the end-to-end daily, monthly P&L and balance sheet financial reporting processes. Traded products include government bond, corporate bond, bond futures, repo, reverse repo, buysell, sellbuy, total return swap, FX spot and futures, FX option, FX swaption, interest rate swap, interest rate futures, caps and floors, forward rate agreement, overnight index swap, credit default swap, credit default swaption. Managing and reviewing the production of other operational deliverables in line with US GAAP, IFRS accounting standards.
- Taking part in risk management activities including liquidity risk, market risk, credit risk, operational risk and in the calculation, review of RWA, VaR, IRC, CRM metrics.
- Participating in external and internal audit meetings, providing supporting documentation and data for system flow, valuation, completeness audit reviews.
- Preparing BRD documentation for new functionality related major system enhancement projects and participating in UAT testing.
- Liaising with multiple teams on a daily basis such as Trading Desk, Risk Management, Operations, Middle Office, IT teams and Project Leads for timely and efficient completion of deliverables.
Product Control Senior Analyst
Citi
10.2018 - 05.2021
- Production of daily P&L and balance sheet reports for the Rates and Finance Desk business. Traded products include government bond, corporate bond, bond futures, repo, reverse repo, buysell, sellbuy, total return swap, FX spot and futures, FX option, FX swaption, interest rate swap, interest rate futures, caps and floors, forward rate agreement, overnight index swap, credit default swap, credit default swaption.
- Daily interaction with traders in order to raise and discuss P&L and balance sheet related breaks which need to be adjusted in the systems and to review, agree, summarize daily P&L and balance sheet results.
- Providing commentaries on significant P&L and balance sheet drivers covering new business activity and MTM P&L on existing trades. Analyzing the P&L explanations and ensuring key drivers are in line with expectations given risk exposures in the business.
- Working with other teams in finance to carry out IPV, CVA, FVA, bid-offer reserve and working capital charge calculation and review.
- Performing month-end closing activities, balance sheet substantiation, intercompany reconciliation and financial reporting related tasks to ensure that numbers reported to regulators are correct and complete.
- Conducting front-to-back reconciliations between multiple systems of the product flow, raising identified root causes of breaks and working together with other teams to resolve them.
- Participation in P&L and balance sheet automation projects leveraging Excel VBA, Power Query, Power BI, SQL, Tableau, Python, KNIME. Taking part in UAT testings in order to enhance data integrity and system data flow.
Fixed Income, FX and Equity Financial Analyst
Erste Bank
01.2014 - 10.2018
- Production and review of daily P&L and balance sheet. Explanation of new trade and existing trade P&L to traders using P&L attribution and Greeks. Traded products include cash equity, equity futures, equity option, government bond, corporate bond, investment fund, repo, reverse repo, total return swap, FX spot and forward, FX option, interest rate swap, ETF, commodities futures, commodities swap.
- Daily interaction with traders in order to raise and discuss P&L and balance sheet related breaks which need to be adjusted in the systems and to review, agree, summarize daily P&L and balance sheet results.
- Providing commentaries on significant P&L and balance sheet movements covering new business activity and MTM P&L on existing trades. Analyzing the P&L explanations and ensuring key drivers are in line with expectations given risk exposures in the business.
- Performing open exchange position review and reporting, providing the daily net exposure for hedging purposes.
- Ensuring that trading activity complies with firm policies by reviewing exposure limits and strengthening the controls on the balance sheet and P&L.
- Performing month-end closing activities, balance sheet substantiation and completeness checks in order to make sure that general ledger is correct and complete for reporting purposes.
- Carrying out front-to-back reconciliation between systems, identifying root causes of issues, proposing action plans for resolution.
- Participation in P&L and balance sheet process enhancement initiatives using Excel VBA, Power Query, Power BI, SQL, Tableau for automation. Taking part in UAT testings in order to simplify processes and enhance system data flow.
Education
Master of Science - International Economy And Business
Corvinus University of Budapest
2014
Bachelor of Science - Business Administration And Management
University of Debrecen
2011
Skills
- Strong planning, organization, and prioritization skills with ability to work on multiple tasks and with multiple stakeholders
- Excellent communication and people skills with experience of leading projects and coordinating work of others
- Ability to work effectively under constant pressure to tight deadlines and deliver high quality output
- Excellent PC skills including Excel VBA, Power Query, Power BI, SQL, Tableau, Python, KNIME
Timeline
Product Control Lead Analyst (VP)
Citi
07.2023 - Current
Product Control Supervisor (AVP)
Citi
05.2021 - 07.2023
Product Control Senior Analyst
Citi
10.2018 - 05.2021
Fixed Income, FX and Equity Financial Analyst
Erste Bank
01.2014 - 10.2018
Master of Science - International Economy And Business
Corvinus University of Budapest
Bachelor of Science - Business Administration And Management
University of Debrecen
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