Kris Jeremy Austria Carpio
Edmonton,AB
Summary
A talented and experience finance & accounting professional with more than 14 years experience in financial services with a large global US bank specializing in accounting, regulatory reporting and risk management.
Meticulous Finance Analyst with advanced accounting, mathematical and software experience. Successful at keeping accounts current and accurate for compliant financial recordkeeping. Well-organized, diligent and focused professional.
Seasoned Accounting Support professional with proven skills in managing routine and complex business accounting needs. Familiar with Financial Services standards, state requirements and federal regulations. Expert in GAAP with general ledger experience.
Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy.
Overview
16
16
years of professional experience
1
1
Certification
Work History
Financial Accountant
Wells Fargo Bank
04.2021 - 08.2023
- Responsible for the end-to-end finance accounting activities and month-end financial close of Local GAAP and US GAAP books
- Designated as subject matter expert for local regulatory reporting ensuring compliance with regulatory requirements and handling timely submission of reports to regulator (Bi-weekly, Monthly, Quarterly, Semi-annual, and Annual)
- Prepares daily liquidity ratio ensuring the bank is compliant with regulatory ratio and work with treasury on funding requirements
- Led change management-related reporting initiatives, ongoing process reviews, process stream-linings, and system automation projects through digitalization
- This involves ensuring bank readiness for regulatory reporting changes by doing reporting impact analysis, data analysis take in requirements, building logic for the reporting and doing end-to-end user acceptance testing
- Helps in the preparation of annual financial statement and assists in audit process
- Assists in risk and control self-assessment process to strengthen controls within local regulatory reporting process.
Project Consultant
Resources Global Professionals
07.2020 - 04.2021
- Supports the Local Regulatory Reporting automation for the new revised MAS 610 for Wells Fargo Bank Singapore
- Review the UAT results and identify potential reporting issue with the Client including data quality, reporting definition and data gaps prior to report sign-off
- Review existing identified Data Gaps for new MAS610 Reporting and perform independent review for each report to raise and identify new potential data GAP
- Provide support to the Client/Finance Team to establish key control points and reconciliation in preparation for the production parallel and go-live
- Provide support to prepare recurring working files required for the submission of the revised MAS610 and assist in the EUC review process
- Documentation of standard operating procedures covering the working file preparation, control and reconciliation and pencil adjustment preparation for the revised MAS610.
Vice President
Citibank N.A
09.2019 - 02.2020
- Prepares the consolidation and documentation for Citibank Crisis Recovery Plan and US Resolution Chapter
- Supports the automation journey and partners with Regional LRR team to plan and execute Go-Live Reports for SG Local Regulatory Reporting via RegInsight
- Participates in ongoing process reviews, process stream-linings and system automation projects
- Assists in risk and control processes e.g MCA, LRR Validations, ORI etc
Assistant Vice President
Citibank N.A
07.2018 - 09.2019
- Singapore - Local Regulatory Reporting and Project, Supports the automation journey and partner w/ Regional LRR team to plan and execute Go-Live Reports for SG Local Regulatory Reporting via RegInsight
- Handles local regulatory reporting (e.g
- MAS 610, MAS 649 etc.) ensuring compliance with regulatory requirements
- Helps in the preparation of annual financial statement and assists in audit process
- Participates in ongoing process reviews, process stream-linings and system automation projects
- Assists in risk and control processes e.g
- MCA, LRR Validations, ORI etc.
Project Manager
Citibank N.A
05.2016 - 07.2018
- Singapore - Local Regulatory Reporting Project, to manage the project working team which consist of stakeholders from, but not limited to, Finance, Technology, Shared Services, and consultants
- Ensure that the project deliverables are on time, and at the required level of quality that fulfills regulatory requirement
- Ensure timely and regular updates are provided by the working group
- Provide updates and escalate showstoppers to the Steering Committee as appropriate
- Understand Citi global standards including systems, data source and critical data elements and provide advisory to the teams
- Engage the relevant finance teams, business owners, and operations team and drive efforts to re-engineer LRR processes
- Monitor UAT defects and coordinate timely implementation of resolution
- Provide solution on critical show stopper defects
- Ensure that LRR operational model fulfills the global and country requirements and is agreed by all stakeholders.
Assistant Vice President
Citibank - Citi Shared Services
01.2014 - 11.2015
- As Deputy Team Lead for Month-end Close Reporting Team handling Institutional Corporate Group (ICG) for Australia & New Zealand, Bangladesh and Sri Lanka in addition to countries handled as Manager (Philippines, Vietnam and Guam)
- Assigned as migration lead for Bangladesh and Sri Lanka to migrate financial head office reporting process from on-shore which include Financial Data Load (Head Office Financial Statements) and Cash Flow
- Participated in the implementation of a new system for Financial Reporting Team, assigned as team lead for Philippines and Vietnam Business Units which went live in November 2014
- This pertains to a global project related to a new reporting engine (Full Suite System) which changed the reporting platform and data flow for head office reports
- Mainly involved in the planning stage to identify system financial data requirements, UAT (User Acceptance Testing) for the new system which entails reconciliation of balances between the old and new system and parallel testing to validate system functionalities
- Also covered monitoring of issues encountered during the go live stage and coordination with senior management, system operations and global process leads to identify resolutions
- Participated in the 2015 re-organization to integrate management reporting and financial reporting and form Integrated Close Team
- This includes overall monitoring to ensure all processes and task are properly right placed within the new structure and transitions are accomplished within the set timeline
- Assigned as the Single Point of Contact (SPOC) for Australia and New Zealand Business units in line with the integration of financial and management reporting
- As SPOC, provided support to country controller in the analysis of monthly financial and management results by investigating major variances, profit and loss trending analysis, balance sheet funding analysis and identifying business drivers to corroborate the numbers
- As SPOC, coordinated with various teams for the tracking and resolution of all reporting issues impacting month-end closing
- As SPOC, performed monthly analysis of account communication changes and assesses impact on financial and management reporting
- This includes facilitating discussion with country on the required changes from downstream to local books general ledger system and head office reporting system
- As SPOC, participated in implementation of regional initiatives to standardize analysis and review process for both financial and management books in line with the integration process.
Deputy Team Lead
Citibank NA ROHQ Shared Services
01.2012 - 12.2013
- For Month-end Close Reporting Team handling Institutional Corporate Group (ICG) for Philippines, Guam and Vietnam
- Participated in the 2012 financial reporting re-organization change to process based structure (Month-end Close, Corporate Reporting and Regulatory Reporting)
- This includes overall monitoring to ensure all processes and task are properly right placed within the new structure and transitions are accomplished within the set timeline
- Responsible in overseeing end to end process and overall control for Monthly Head Office Reporting focusing on checker function and promoting control environment within the team and processes
- Initiated review of processes to promote efficiency and improve reporting cycle time for head office reporting
- This includes process deep dive reviews to encourage re-engineering and streamlining of processes
- Interacted directly with Country Controllers, Product Control Leads and Senior Operations for all matters affecting Monthly Head Office reporting
- This includes monthly post mortem reviews to ensure all issues encountered are discussed and corresponding action plan are identified and implemented in timely manner
- Evaluated team member's individual performance and provide assessment feedback
- Prepare and monitor development plan for individual's areas for improvement
- Participated in regional directive to eliminate manual adjustments by initiating process deep dive to review nature of adjustments and identify which items can be eliminated by fixing at source (downstream systems)
- Participated in the migration of Citi Global Markets (CGM) Business for US Head Office Reporting
- Main process migrated pertains to monthly Financial Data Load and quarterly Cash Flow Reporting
- Participated in the standardization of the flow of monthly processes of the Financial Reporting Department as required by Control and Risk Assessment Team
- Participated in the development and implementation of standard checker checklist for all core processes and task for financial reporting
- Participated in departmental team lead discussions to contribute ideas and implement standardization initiatives in order to achieve re-engineering goals and improve reporting processes
- Ensured that all key controls are implemented for core processes to ensure compliance with Internal Audit and Risk and Control Self-Assessment.
Assistant Manager
Punongbayan and Araullo
05.2010 - 12.2011
- Handled the integrity of the head office reporting end to end process, and for the reasonableness of various financial head office reports, which include Financial Data Load (Head Office Financial Statements), Quarterly Memo cable, Country Exposure or Cross Border Reporting, and Cash Flow
- Performed weekly system validation clearing for Citi Head Office Reporting System to ensure that data quality issues are addressed prior to month end reporting
- Handled the preparation, review, and posting of Financial Adjustments using the Citi reporting systems, investigating any major variances, review on the reasonableness of the balances, and ensuring US GAAP has been properly applied in the financial reports
- Handled the preparation and investigation of monthly proofs and substantiation of general ledger accounts and submission of eRecon analysis for Finance controlled balances
- Performed process reviews/enhancement/streamlining and UAT system testing
- Coordinated with Country Financial Controllers on the implementation of reporting changes
- (Member practice of Grant Thornton International and former member of Ernst & Young Global Limited) – Business Risk Services
Supervisor
Punongbayan And Araullo Now P&A Grant Thornton
07.2009 - 04.2010
- Developed audit plans indicating phases and timing of the audit work, staffing requirements, estimated time charges, and client's specific requirements
- Supervise staff assistants on several engagements and leading the members of the audit team enable them to develop professionally
- Gained thorough understanding of the client's business, objectives and industry to facilitate risk identification and risk assessment procedures
- Performed process analysis and assesses control effectiveness of clients
- Formulated recommendations to mitigate risks due to internal control weaknesses and discussing them to the client with emphasis on providing solutions to improve accounting and management controls, and ensuring compliance with the requirements of regulatory agencies.
Staff Assistant - Junior Auditor
Punongbayan And Araullo Now P&A Grant Thornton
01.2008 - 06.2009
- Analyzed the client's existing business processes and identifies business risks, control weaknesses, and areas for improvement
- Executed the internal audit procedures outlined in audit work programs
- Gained significant exposure in the internal audit of various companies engaged in Banking, Business Process Outsourcing (BPO) and Manufacturing Industry
Education
Bachelor of Science - Accountancy
San Beda College, Don Bosco Technical Institute
Philippines2007
Don Bosco Technical Institute
Philippines2003
Victoria Catholic School
Philippines1999
Skills
- Ambleside Dr Sw, Edmonton, AB, Edmonton, AB
- Qualifications
- Certified Public Accountant, October 2007 (License #0121373)
- Technically proficient with Microsoft Office (MS Word, Excel, and PowerPoint) and fast learner in computer applications
- Client business-focused and able to work collaboratively and build strong partnerships with clients and colleagues at all levels
- Strong organizational, prioritization, and analytical skills
- Project Management Skills (PMP Certified)
- Accounting and bookkeeping
- SFRS, IFRS and US GAAP Knowledge and Financial Statement Preparation
Certification
Certified Public Accountant (Philippines)
Project Management Professional
Affiliations
Philippine Institute of Certified Public Accountants (PICPA)
Timeline
Financial Accountant
Wells Fargo Bank
04.2021 - 08.2023
Project Consultant
Resources Global Professionals
07.2020 - 04.2021
Vice President
Citibank N.A
09.2019 - 02.2020
Assistant Vice President
Citibank N.A
07.2018 - 09.2019
Project Manager
Citibank N.A
05.2016 - 07.2018
Assistant Vice President
Citibank - Citi Shared Services
01.2014 - 11.2015
Deputy Team Lead
Citibank NA ROHQ Shared Services
01.2012 - 12.2013
Assistant Manager
Punongbayan and Araullo
05.2010 - 12.2011
Supervisor
Punongbayan And Araullo Now P&A Grant Thornton
07.2009 - 04.2010
Staff Assistant - Junior Auditor
Punongbayan And Araullo Now P&A Grant Thornton
01.2008 - 06.2009
Bachelor of Science - Accountancy
San Beda College, Don Bosco Technical Institute
Don Bosco Technical Institute
Victoria Catholic School
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